Forex - Study guides, Class notes & Summaries

What is Forex? - ANSWER-The global market that allows one to trade two currencies against each other. True of False: If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. - ANSWER-True. What is an Exchange Rate? - ANSWER-The relative price of two currencies from two different countries. FOREX, or "FX" stands for: - ANSWER-Foreign Exchange Market. True or False: FX market is a global, decentralized market where the wor...

Forex Essentials in 15 Trades

The foreign exchange (forex) market is a global market that allows you to trade ONE currency pair against another currency pair. - ANSWER-Forex is a global, decentralized market that allows you to trade two currencies against each other. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. it's the global market that allows one to trade two currencies against each other. If you think one currency will be stronger versus the other, and...

EUR - ANSWER-Euro USD - ANSWER-US dollar GBP - ANSWER-British pound JPY - ANSWER-Japanese yen CHF - ANSWER-Swiss Franc AUD - ANSWER-Australian dollar CAD - ANSWER-Canadian dollar NZD - ANSWER-New Zealand dollar 7 liquid pairs - ANSWER-EUR/USD , GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD When is forex "open"? - ANSWER-Forex is run electronically within a network of banks 24 hours , 5 days a week What is forex? - ANSWER-foreign exchange market More in de...

Forex trading - ANSWER-1. Simultaneous exchanging of one currency for another 2. No physical location or central exchange 24hr trading Customers - ANSWER-1. Corporation, hedge funds, mutual funds, pension funds, central banks 2. Trade with a dealer Dealers - ANSWER-1. Mostly large banks take customer orders 2. Make markets from owned inventory Inter dealer market - ANSWER-1. Direct dealing - dealer to dealer (Phone, electronically) 2. Indirectly (Inter dealer brokers (phone, electro...

What is Forex? - ANSWER-The global market that allows the exchange of currency What allows you to make money in the forex exchange? - ANSWER-Changes in exchange rates What does Forex stand for? - ANSWER-Foreign Exchange Market What is the daily trade volume of forex? & What is the daily trade volume for retail traders (us)? - ANSWER-$5 trillion - $1.8 Trillion What is the trade volume of the NYSE? - ANSWER-$22.4 billion What is traded in Forex? - ANSWER-Fiat & Crypto Currency H...

What are the most popular financial instruments for retail traders? - ANSWER-Retail forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), forex CFDs, forex spread betting Define "financial instrument". - ANSWER-Financial instruments are different ways to invest or speculate in currencies. What are 'futures'? - ANSWER-contracts to buy or sell at a specific date in the future at a price specified today. details the price at which a curren...

Exchange Rate - ANSWER-Relative price of two currencies from two different countries Currency traders aka ___ - ANSWER-Currency speculators What is traded in forex - ANSWER-Money from each country What does forex show you - ANSWER-the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to other economies. Explain 3 letter currency symbols - ANSWER-the first two letters identify the name of the country and the third...

Series 79-KnopmanFinancial markets - correct answer Collection of buyers and sellers that trade assets including equities, debt, currencies and derivatives Functions of capital markets - correct answer Raising capital, transferring risk, trade Factors in a market's performance - correct answer Efficiency, liquidity, continuity, marketability, timely and accurate information Capital markets - correct answer Markets for stocks (equity) and bonds (debt) Primary markets - correct answer...

1) The record of international receipts and payments is called the A) U.S. official reserves. B) current account. C) balance of payments. D) official settlements account. E) capital and financial account - ANSWER-C) balance of payments. 2) The balance of payments accounts record all of the following EXCEPT the country's A) international trading. B) domestic investment. C) change in official reserves. D) international borrowing. E) international lending...