Student’s Name: Rafael Ricardo Ávila Pérez
Nua:901954
After watching the video, answer the following questions in
complete
sentences.
What does Forex stand for? means Foreing Exchange
What does Forex refer to? It is a market that allows you to
exchange one type of currency for another
What is Forex trading? coins from different countries
What does Forex trading market refer to? The forex market is
a global over-the-counter (OTC) market that marks the exchange rate of
currencies around the world. Participants determine the exchange values of
each type of currency
How does the foreign exchange work? There is no physical
place for this type of market. It is a market that works 24 hours a day, every
day of the week
What do people trade? money for other currencies
How do people trade? the purchase and sale of currencies in
the foreign exchange market.
What is a currency-pair? Currency pairs are the national
currencies of two different countries which are exchanged for trading on the
foreign exchange (FX) market.
What makes currency- pairs move? inflation, unemployment,
public policies of each country
I was completely unaware of the topic of Forex and I see that we agree on the same answers, thanks to this I can already have a broader vision of what finances mean
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