4 Money, foreing exchange, Finance.
After watching the video, answer the following questions in complete sentences.
- 1. What does Forex stand for?
Foreign Exchange
- 2. What does Forex refer to?
It means that it is a market in which you can exchange different types
of currencies for others. based on its value.
- 3. What is Forex trading?
they are the different currencies of the world that are inside the
market.
- 4. What does Forex trading market refer
to?
It refers to the free exchange of currencies from different parts of the
world, which allows the easy exchange of different currencies.
Those who are within this market make analysis of the different
currencies and based on that price they make an offer as if to buy dollars and
wait for the dollar to rise and then sell it.
- 5. How does the foreign exchange work?
The way to change these currencies itself is to check how the currency
market is moving and then make the purchase or sale of these currencies, it can
be as simple as going to an exchange house or a bank and making the purchase.
-sale.
- 6. What do people trade?
The different world currencies
- 7. What is a currency-pair?
People analyze the different currency changes and then offer them in the
market, although in this type of market there is no security of increase or
decrease as in the stock market.
- 8. What makes currency- pairs move?
There are different factors that make currencies change or move, the
economy of a country, the increase or decrease of a debt, national reserves,
etc.
WITHOUT FORGETTING TO COMMENT AND SHARE. 👋
I am curious how people go about their speculation when they take advantage of the difference between foreign currencies, especially those people who do it often. Do they use mathematical formulas to predict trends? Do they read all the news broadcast daily from all possible sources in that country? I'm very curious, however, risk and uncertainty are pretty strong deterrents for me to try it 😅
ResponderBorrarIt’s impressive how we can make money and upgrade our profit by exchanging some currencies for others. Although I think you really need to know what you’re saying and doing, because your predictions need to be accurate, if not, maybe the output won’t be what expected. Thank you for the information c:
ResponderBorrarI've always been interested in this topic. I really admire people who know how this market works, and even more the ones who learn how to invest and make profit from it. Even if everyone has done some transaction of this kind, I still find interesting how this market and our money move. Thanks for sharing this!
ResponderBorrar