A4. Money, Foreign Exchange, Finance.

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FOREX

  1. What does Forex stand for?

Foreing Exchange Market.

  1. What does Forex refer to?

Refers to the market that allows currency exchange which is helpful when traveling to a country that uses a different currency. 

  1. What is Forex trading?

Currency of any country in the world.

  1. What does Forex trading market refer to?

It is the exchange that takes place between two different currencies accepting the value that each one represents in relation to the other. 

  1. How does the foreign exchange work?

It is a 24-hour market without a physical trading center, where people are buying and selling coins all over the world. 

  1. What do people trade?

People trade their money for currencies that they select from a list with a wide variety. 

  1. How do people trade?

Selling or buying currencies depending on the increase or decrease in their value. 

  1. What is a currency-pair?

It is the relative value between the currencies being traded.

  1. What makes currency- pairs move?

Since it is a market, all macroeconomic factors have an effect on it. 

Comments

  1. Cinthia Segura PérezDecember 21, 2021 at 6:40 PM

    Very good answers. I would add in the last point that internal and external factors also influence the country where the currency is from, but in general everything is very good

    ReplyDelete
  2. Ekateryna CalderónDecember 22, 2021 at 8:32 AM

    Excellent definitions of what Forex means and what it does, it's amazing how the foreign exchange markets play a critical role in facilitating cross-border trade

    ReplyDelete

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