0
The international term for currency trading is called foreign exchange. Foreign exchange rates are updated around the clock based on currency values that fluctuate all the time based on stock markets and other economic indicators. When travelling abroad, it's important to visit a currency exchange booth, frequently located in airports, in order to receive local currency for cash transactions.
Add your answer:
Earn +20 pts
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
What is the term for the decentralized market where currencies are traded?
Foreign Exchange Market
Where can one find information on the forex trading market?
The term forex trading market is short for the foreign exchange trading market. There is information about the foreign exchange trading market available on wikipedia which tells you about how the market is primarily to do with trading various currencies.
What is involved in forex trading?
Forex trading is just a shortened form of the term foreign exchange market trading. A strong knowledge of the market is a must, as is the ability to think, act, and react incredibly quickly.
What is Forex Reserves?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits held by central banks and monetary authorities. However, the term foreign exchange reserves in popular usage (such as this list) commonly includes foreign exchange and gold, SDRs and IMF reserve position as this total figure is more readily available, however it is accurately deemed as official reserves or international reserves.
What is the term for a system for exchanging currencies between nation?
Foreign Exchange
What purpose does a Forex analysis serve?
'Forex' is a term that means 'foreign stock exchange'. Professionals analyze the stock market to predict trends. These predictions assist people who are playing the stock market in knowing when and where they should invest their money.
What is bear in stock exchange?
A Bear market is the term used when a stock market is in decline, a Bull market is going up.
What has the author Stefano Micossi written?
Stefano Micossi has written: 'A case study on the effectiveness of foreign exchange market intervention' 'Short-term interest rate linkages between the United States and Europe'
What does the term Forex Pips refer to?
Calculations to determine foreign exchange are traditionally done to four decimals. A pip is 0.0001 of a cent and is the smallest unit of price in foreign exchange trading.
What exactly does a forex exchange mean?
I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.
What is the difference between a stock market and a stock exchange?
A Stock exchange is the place where shares/stocks are listed and where people can buy/sell their shares.The stock market is the term collectively used to refer to refer to all the stock exchanges. some people even use the term stock market to refer to a particular exchange.
