What Is Traded In Foreex

Question 1

What are you trading

Answer 1

Trading one currency pair for another

Question 2

What things can affect an economy?

Answer 2

Politics
Interest rates
Natural disasters
Terrorism/ wars
Unemployment

Question 3

What are “Majors”

Answer 3

Any pair that contains the US DOLLAR

Question 4

What is a “Cross”

Answer 4

Any Pair that does not contain the Dollar but are still the most common traded pairs

Question 5

What are Exotic pairs?

Answer 5

Any major currency that is paired with an emerging economy

Not as heavily traded