Forex Trading Concepts and Practices

The video introduces forex trading, explaining how currency exchange works and its impact on prices due to supply and demand. It provides an example of profiting from exchange rate changes and discusses the benefits of trading forex online through brokers. The video emphasizes the accessibility of online forex trading and the continuous nature of the forex market.

What is the short form of foreign exchange?

• ForEx

• Forex

• FEX

• FX

What happens to the price of a currency when the demand for it increases?

• The price increases

• The price decreases

• The price fluctuates randomly

• The price remains the same

If many people want to change euros into dollars, what will happen to the price of the dollar?

• It will decrease against the euro

• It will fluctuate randomly

• It will increase against the euro

• It will remain the same

In the example given, how much did you gain by holding your money in dollars while the exchange rate changed?

• 45 euros

• 25 euros

• 50 euros

• 38.5 euros

What is the essence of trading in the forex market?

• Saving money in a bank

• Holding a currency while the exchange rate moves

• Traveling to different countries

• Buying and selling goods

What is a practical approach to trading currencies?

• Trading goods internationally

• Exchanging money at local banks

• Using online exchange offices called brokers

• Traveling a lot and saving money

What is one benefit of trading forex online with a broker?

• You need a huge budget to get started

• You need to travel frequently

• You can trade from anywhere with an internet connection

• The forex market is open only during business hours

How much money is enough to begin trading forex online?

• 500 dollars

• 1000 dollars

• 150 dollars

• 200 dollars

How often is the forex market open?

• 24 hours a day, 5 days a week

• 12 hours a day, 7 days a week

• 24 hours a day, 7 days a week

• 12 hours a day, 5 days a week

What is the main goal of Trademo?

• To sell foreign goods

• To provide travel tips

• To offer banking services

• To help you learn how to trade in a way that suits your lifestyle