4 Money, foreing exchange, Finance.

 Answer the following questions in complete sentences.

1. What does Forex stand for? Is basically the currency market (Foreing Exchange).

2. What does Forex refer to? To a global market where currencies can be traded in a decentralized way.

3. What is Forex trading? In a few words is the exchange of one currency to another for trading purposes. A market characterized by free currency exchange, the objective is to facilitate international trade and investment

4. What does the Forex trading market refer to? Most currency conversions are done by investors with the goal of making a profit. Is the process of changing one currency into another currency for a variety of reasons, usually for commerce and trading.

5. How does the foreing exchange work? If I understood correctly the price is determined by the exchange rate and it varies according to the demand for the currency, for this reason prices go up and down every day. It is precisely this volatility that makes forex so attractive to investors because it provides greater opportunities to maximize profit, but it also increases risk.

6. What do people trade? Coins from all around the world.

7. How do people trade? Trading involves the transfer of goods or services from one person or entity to another, often in exchange for money.

8. What is a currency-pair? A currency pair is the cost of two different currencies, and the value of one currency is quoted against the other. We have a base currency that is the one that is quoted and then the other currency is called quote currency.

9. What makes currency- pairs move? When there are variations that affect the price of a currency. If the demand is higher the price will go up and if it is less it will go down.