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
2
Q
Are currencies traded in pairs or singles?
A
* pairs
* when the value of one currency declines, the value of another one rises
3
Q
How much capital is needed to begin trading forex?
A
$100-$2000
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