Forex trading Study guides, Class notes & Summaries

What is the FOREX market? - ANSWER-The largest financial market in the world of foreign exchange. What is the trading volume of Forex throughout the day? - ANSWER-Over $5 trillion a day. The Forex market is a _______ ________ _______ Market place meaning it is not centralized. - ANSWER-Over the counter Who are the global market participants in the Forex market? There are four. - ANSWER-1. Governments and central banks 2. Banks and financial institutions. 3. Hedgers 4. Speculators ...

Forex trading - ANSWER-1. Simultaneous exchanging of one currency for another 2. No physical location or central exchange 24hr trading Customers - ANSWER-1. Corporation, hedge funds, mutual funds, pension funds, central banks 2. Trade with a dealer Dealers - ANSWER-1. Mostly large banks take customer orders 2. Make markets from owned inventory Inter dealer market - ANSWER-1. Direct dealing - dealer to dealer (Phone, electronically) 2. Indirectly (Inter dealer brokers (phone, electro...

What is Forex? - ANSWER-The global market that allows the exchange of currency What allows you to make money in the forex exchange? - ANSWER-Changes in exchange rates What does Forex stand for? - ANSWER-Foreign Exchange Market What is the daily trade volume of forex? & What is the daily trade volume for retail traders (us)? - ANSWER-$5 trillion - $1.8 Trillion What is the trade volume of the NYSE? - ANSWER-$22.4 billion What is traded in Forex? - ANSWER-Fiat & Crypto Currency H...

Bid-Ask Spread - ANSWER-the difference between the bid price and the asked price Support and Resistance Levels - ANSWER-Support and Resistance are two key levels that can be identified in the market. Support is where pending orders such as buy limits get filled. Which will cause the asset to rise, meaning that buying pressure has increased ( demand ) Resistance is where pending orders such as sell limits get filled. Which will cause the asset to fall, meaning that selling pressure inc...

Assignment Correct Answer Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? Correct Answer A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his profession, Broker-dealer (commission only)published of any bona fide newspaper, magazine, business publication, rating systems (Moodys, etc.) What does it mean when someone has "Control"? Corre...

EUR - ANSWER-Euro USD - ANSWER-US dollar GBP - ANSWER-British pound JPY - ANSWER-Japanese yen CHF - ANSWER-Swiss Franc AUD - ANSWER-Australian dollar CAD - ANSWER-Canadian dollar NZD - ANSWER-New Zealand dollar 7 liquid pairs - ANSWER-EUR/USD , GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD When is forex "open"? - ANSWER-Forex is run electronically within a network of banks 24 hours , 5 days a week What is forex? - ANSWER-foreign exchange market More in de...

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IACCP (MASTER TERMS) EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Assignment Correct Answer: Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? Correct Answer: A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his profession, Broker-dealer (commission only)published of any bona fide newspaper, magazi...

What is the FOREX market? - ANSWER-Online exchange or buying and selling for all foreign currency pairs around the world How can you make money in the Forex market? - ANSWER-You can choose to buy or sell currencies and if you forecast the move correctly, you can make a profit What is a major pair? - ANSWER-Currency pairs where one currency is the US dollar. (USDJPY, EURUSD) What is a minor pair? - ANSWER-Currency pairs that don't involve the US dollar What are examples of some Exoti...

functions of foreign exchange market - ANSWER--transfer purchasing power between countries -obtain/provide credit of international trade transactions -minimize exposure to the risks of exchange rate changes dimensions of foreign exchange market - ANSWER-1. structure 2. transactions 3. size 4. methods of stating exchange rates, quotations and changes in exchange rates three major trading sessions - ANSWER--Asian session (Tokyo) -European session (London) -North American session...