This class was created by Brainscape user Zatrick Young.

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Decks in this class (27)

What is Forex?
What is forex 1,
Exchange rate 2,
What allows a trader to make mone...
8  cards
What is traded in Forex
What is traded in forex 1,
What is a reflection of a countri...,
Major currencies 3
7  cards
Other Currencies (other than the 3 specified prior)
What are g10 currencies 1,
What region does the scandies rep...,
Currency names in the scandies 3
10  cards
Forex Market Size and Liquidity
Bulk of forex trading takes place...,
The forex market has a physical l...,
Why is the forex market considere...
7  cards
Buying and Selling Currency Pairs
Forex is the simultaneous _______...,
What are currencies traded through 2,
What is bought and sold in the fo...
14  cards
How to trade Forex
Currency future definition 1,
Describe a futures contract 2,
Futures contracts are not standar...
13  cards
Spot FX
What type of market is spot fx 1,
The off exchange market is synony...,
Is the off exchange forex market ...
15  cards
Retail Forex
What is retail forex 1,
Who grants retail traders access ...,
What do brokers do for retail tra...
16  cards
Forex Spread Bet
Spread betting is a derivative pr...,
What does a forex spread bet enab...,
A currency pairs price being used...
4  cards
Forex CFD
What does cfd mean 1,
What is the purpose of derivative...,
Where is the price of a cfd deriv...
9  cards
How do you trade Forex?
What is forex trading 1,
What is the objective of forex tr...,
Describe the exchange rate value ...
3  cards
How to read a Forex Quote
Currencies are always quoted in 1,
Why are currencies quoted in pairs 2
2  cards
Base and Quote currency
Whenever a trader has an open pos...,
Currencies are quoted in relation...,
The formula for the foreign excha...
11  cards
"Long" and "Short"
Buying currency means 1,
Going long means 2,
Long means 3
9  cards
Flat or Square
If a trader has no open position ...,
Closing a position is referred to...
2  cards
The Bid and Ask Spread
All forex quotes are quoted with ...,
In general is the bid or ask pric...,
Describe the bid 3
7  cards
How do you know when to buy or sell
Does the supply and demand for a ...,
Each currency belongs to a countr...,
What are some factors that a trad...
4  cards
Margin Trading
If a trade can purchase lots they...,
When a trader uses leverage they ...,
Describe leverage 3
7  cards
Rollover
For positions open at brokers cut...,
Interest is paid on currency ____...,
Interest is earned on currency __...
10  cards
What is a Pip in Forex
Pip 1,
A pip is usually the last decimal...,
Pipette 3
7  cards
How to calculate the value of a pip
How would you solve the value of ...,
How would you solve the value of ...
2  cards
How to find the pip value in your trading accounts currency
Not everyone has their account de...,
Why doesn t everyone have their a...,
What is the formula for finding p...
4  cards
What is a lot in Forex
What is a lot in forex 1,
Standard size for a lot is 2,
What are the three categories of ...
5  cards
How to calculate profit and loss?
Quoted rate 1,
Blank 1
2  cards
Bid/Ask Spread
When a trader enters or exits a t...,
When a trader buys a currency the...,
When you sell you will rise the _...
4  cards
What is a spread in Forex Trading
Forex brokers will quote your two...,
Bid is the price at which you can...,
Ask is the price at which you can...
8  cards
What type of spreads are in Forex
0  cards

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Forex

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