Courses Infomation

Analysis & Interpretation in Qualitative Market Research by Gill Ereaut

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

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The Second Edition of this best-selling textbook provides students and practitioners with a broad introduction to, and critical analysis of, the complex issues involved in child protection work. Beckett unpacks these complexities in a clear and engaging way, all the time encouraging reflection and debate through such features as case examples and interactive exercises. The book is fully comprehensive, considering key topics such as: the consequences for children of abuse and neglect; the reasons why some adults abuse and neglect children; the personal challenges involved in doing child protection work; and the organizational framework within which child protection work takes place. Chris Beckett is based at the Division of Social Work and Social Policy, Anglia Ruskin University. He is the author of three best-selling Sage textbooks: Human Growth and Development; Values and Ethics in Social Work (with Andrew Maynard); Essential Theory for Social Work Practice.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Analysis & Interpretation in Qualitative Market Research by Gill Ereaut