Why Trade Forex Flashcards

1
Q

What happens during financial crisis?

A

* the stock market declines
* the real estate transactions freeze
* the retail sector suffers high losses

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2
Q

Are currencies traded in pairs or singles?

A

* pairs
* when the value of one currency declines, the value of another one rises

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3
Q

How much capital is needed to begin trading forex?

A

$100-$2000

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4
Q

How much money is turned over in the forex market?

A

* 6.6 trillion per day
* forex is the most liquid financial market

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