soory this is a stupid question but i have no idea what it is the dictonary doesn't give me enough info on it
2006-12-18 12:12:28 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
Ebistart is correct. Forex (or FX) is the Foreign Exchange - the global currency markets. In a nutshell it's trading one currency against another. For example, recently the British Pound (GBP) rose against the US dollar (USD). If you had anticipated that occurrence, you would trade the GBP/USD currency pair by buying the pair. What that means is that when you buy the pair you are doing 2 things at once - buying the GBP and simultaneously selling the USD. The price movements are known as PIP's (Price Interest Percentage) which are the minimum price movements - like ticks in the equities markets. If on the other hand, you felt the GBP was going to fall against the USD, you'd sell the pair meaning you'd sell the GBP and buy the USD.
I'm not going to get into details as that could fill several volumes, but hopefully this will have answered the basic questions. Hope this helps.
2006-12-19 03:47:56 · answer #1 · answered by 4XTrader 5 · 0⤊ 0⤋
Foreign Exchange
2006-12-18 22:17:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Foreign Exchange
2006-12-18 12:21:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If your question is about forex (foreign exchange) trading...
All world currencies have variabel exchange rates every second. Buying a currency at a certain rate and selling at a higher rate, the next minute, hour, day or even year, is trading in forex. It's like playing in stock market. A guessing game. Those who can make more correct intelligent guesses win.
2006-12-18 12:26:40 · answer #4 · answered by ebistart 2 · 1⤊ 0⤋
Foreign exchange (foreign currency)
2006-12-18 12:20:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Forex is really foreign exchange and people trade the foreign exchange market with currencies like they trade stocks of a company. If you would like to know more please click on http://www.4xmoneytrain.com
2006-12-18 15:51:55 · answer #6 · answered by Anonymous · 0⤊ 1⤋
This would be a professional who does the trading for you in exchange for a fee. You do not need one.
2016-05-23 05:46:48 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Its a rather nasty beer from Queensland - among other things anyway. You probably want the foreign exchange answer though...
2006-12-18 13:35:32 · answer #8 · answered by zappafan 6 · 0⤊ 2⤋
This is a condom made, not of rubber, but from the intestines of sheep.
Seriously, it is.
2006-12-18 12:20:05 · answer #9 · answered by David545 5 · 1⤊ 3⤋