ECONOMICS
FOREIGN CURRENCY MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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24 HOURS Market Gives Flexibility
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Build your business from anywhere in the world
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Plan your daily trading routine around your day job
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Maintenance proof and worry free
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Detailed explanation-1: -Forex traders (foreign exchange traders) anticipate changes in currency prices and take trading positions in currency pairs on the foreign exchange market to profit from a change in currency demand. They can execute trades for financial institutions, on behalf of clients, or as individual investors.
Detailed explanation-2: -The bid-ask spread is very significant in forex trading. It is essentially the difference between the lowest sell price and the highest buy price. A higher spread may indicate lower liquidity, and vice versa. So, keep an eye on the spread and plan your trades accordingly.
Detailed explanation-3: -Principle #1: Be Realistic. This point cannot be stressed enough. Principle #2: Keep It Simple. Principle #3: Benchmark. Principle #4: Drip-Feed Model. Principle #5: Do Not Argue With the Trend.
Detailed explanation-4: -To transfer finance, purchasing power from one nation to another. To provide credit for international trade. To make provision for hedging facilities, i.e., to facilitate buying and selling spot or forward foreign exchange.