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4 Money, foreing exchange, Finance

 

Name: Maria Fernanda Ramos Guerrero

NUA: 116666

 

 

1.  What does Forex stand for?

Exchange Market.

 

 

2.  What does Forex refer to?

 .        It refers to the market that allows the exchange of currency.

 

 

3.  What is Forex trading?

 .        Currency of any country in the world.

 

 

4.  What does the Forex trading market refer to?

 .        The exchange between different currencies happens in a market that never rests.

 

 

 

It has no single center of operation it works with the interbank market but you can also access by CFD and FX brokers to make profits by exchange.

 

 

6.  6. What do people trade?

People trade their money for different currencies.

 

   

7.  7. How do people trade?

They check the value of the currency they want to work on and trade a value of money based basically in speculations, there are also instruments that can help lower the risks or rise the profits

 

8.  8. What is a currency-pair?

It is the relative value of one currency against other.

 

9.  9. What makes currency-pairs move? 

Macroeconomic factors (unemployment, monetary policies, inflation, etc.)

Comentarios

  1. Judith G. Cardona21 de diciembre de 2021 a las 16:39

    I like the way you phrased the last question, I agree that if we summarize it then it's the macroeconomic factors that make currency values change and fluctuate.

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  2. Alondra Ramírez21 de diciembre de 2021 a las 21:39

    I like that the answers are concrete and understood very well, I agree with you.

    ResponderEliminar
  3. Cesar Carreño22 de diciembre de 2021 a las 8:18

    I was not really familiar with the forex, I liked that its a market that works and changes 24 hours a day and its based on speculations.

    ResponderEliminar

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