Courses Infomation

CPA Financial Accounting and Reporting 2004 1.6

CPA Financial Accounting & Reporting 2004 1.6

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.

The CPA Financial Accounting & Reporting Exam Flashcard Study System teaches you how to break down and rapidly solve challenging exam problems on the Certified Public Accountant Exam using repetitious study techniques. Repetition is the most effective learning method, and flashcards are unrivaled in their ability to make repetitious learning enjoyable and quick. Our flashcards provide you exposure to the various question kinds and ideas while allowing you to study brief, easily understood chunks of knowledge. General Accepted Accounting Principles, Statements of Financial Accounting Standards, Securities and Exchange Commission, Statements on Auditing Standards, the Basic Accounting Model, Balance Sheet, Comprehensive Income, Revenues, Financial Statement, Real Estate Transactions, Bank Reconciliation, Inventory and Tracking Cost of Inventory, Capital and Revenue Expenditures, Indefinite Useful Life, and Immateriality are all covered by the CPA Financial Accounting & Reporting Exam Flashcard Study System.

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 : CPA Financial Accounting and Reporting 2004 1.6