Forex (all answered)

What is the FOREX market? correct answers The largest financial market in the world of foreign exchange. What is the trading volume of Forax throughout the day? correct answers Over $5 trillion a day. The Forex market is a _______ ________ _______ Market place meaning it is not centralized. correct answers Over the counter Who are the global market participants in the Forex market? There are four. correct answers 1. Governments and central banks 2. Banks and financial institutions. 3. Hedgers 4. Speculators Who are the federal government central banks participant in the global market? correct answers United States fed, European Central Bank, Bank of England, Bank of Japan. What are some examples of banks and financial institutions involved in the global market? correct answers Bank of America, JP Morgan, Chase, Barclays, HSBC. What are some examples of Hedgers Participants in the global market? correct answers Importers and exporters What are some examples of Speculator Participant in the global market? correct answers Forex traders, George Soros, Warren Buffett. What are the trading market hours for Forex market? correct answers 24 hour trading market from Sunday 5 PM Eastern time to Friday 5 PM Eastern time. Hours may vary based on brokers trading hours. Currency's are always traded in _____. correct answers Pairs When you buy the EUR/USD, You are buying _________ and Simultaneously selling ___________. correct answers Buying euros and selling dollars. True or false: You have to own a currency prior to selling. correct answers False. Unlike stocks, you don't have to own a currency prior to selling. GBP correct answers Great British pound EUR correct answers Euro CHF correct answers Swiss franc