ACTIVITY 4

WHAT DOES FOREX STAND FOR?

Is an abbreviation for foreign exchange.

WHAT DOES FOREX REFER TO?

Is a market that allows participants to exchange one country’s currency for another country’s currency in other in other words to trade currencies  

WHAT IS FOREX TRADING?

I think is a virtual market place where everyone can buy forex trading.

WHAT DOES FOREX TRADING MARKET REFER TO?

Is between very banks where they offer each other favorable exchange rates in terms of the closeness of the buy and sell prices

HOW DOES THE FOREING EXCHANGE WORK?

Is a true 24 hours market, starts off Sunday night UK time, when the Asian markets open for business and it trades all way around the clock till Friday evening when New York finishes off the weekend then on Sunday the whole thing starts again

WHAT DO PEOPLE TRADE?

Maybe people want to have international foreign exchanges

HOW DO PEOPLE TRADE?

The most important thing is to know when to trade, the value of the currency at that time and then we select the currencies that we want to exchange.

 WHAT IS A CURRENCY-PAIR?

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency.

WHAT MAKES CURRENCY- PAIRS MOVE?

A pair will move if the base currency weakens or strengthens and/or if the quote currency strengthens or weakens.