What does Forex stand for?
Forex or FX stands for foreign exchange.
What does Forex refer to?
It refers to the trade of one currency into
another country´s currency. For example: US Dollars into MXN (Mexican Pesos)
What is Forex trading?
Forex trading is an electronical market where
people join to buy stock values. Trillion of US Dollars move through this
market every day.
What does Forex trading
market refer to?
It refers to the action of buying and selling
stock market values.
How does the foreing
exchange work?
People go into Forex exchange market and
place their orders. For example:
I want to buy US Dollars. I must go to Forex
Market and place my order on buying 10 US Dollars. I place my order and then I
wait for the value of the US Dollar to rise and sell them for a higher price,
so this way my investment in US Dollars would be successful.
What do people trade?
When people go into Forex Market, they trade
international currencies.
How do people trade?
People trade by placing their orders into the
market of currencies. There is a lot of different tools that can help you
predict the values of the currencies.
What is a currency-pair?
The currency-pair is the currency value
against another currency value. For example:
1 US Dollars = 19.872MXN
What makes currency- pairs
move?
This fluctuation is caused because of the power of a national currency.
For example:
The MXN gained power during the last weekend, but the US Dollar remained
the same. Then you could imply that the Mexican peso now would be worth more
against the US Dollar.
Hi Gerardo,I find each example you give interesting, it is good information so that the subject is explained correctly
ReplyDeleteNice job, Gerardo! I liked the way you explain and complete with examples. Pretty nice information :)
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