Forex Trading Guide

B2 – Upper Intermediate

Some people mastered a new lifestyle — living without a traditional job. Some go into trading currencies. This could be an unconventional, but good way of making money. 

Read the article and know the fundamentals of forex trading.

https://www.investopedia.com/articles/forex/11/why-trade-forex.asp

Vocabulary Questions:

  1. What is the meaning of “portmanteau“, “Forex (FX) is a portmanteau of foreign currency and exchange.”? Use it in a sentence.
  2. What is the meaning of a “triennial“, “According to a 2019 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily trading volume for forex reached $6.6 trillion in 2019.”? Use it in a sentence.
  3. What is “(market) liquidity“, “It features in six of the seven currency pairs with the most liquidity in the markets.”? Use it in a sentence.

Discussion Questions:

  1. Cite some of your key takeaways about forex trading from the article.
  2. What do you think are the qualities that make a good trader?
  3. How do you stay abreast with the ever-changing financial markets?
  4. Why might some people consider forex trading a scam? Have you tried forex trading?
  5. Do you think anyone is capable of forex trading? Why?
  6. Is it a good alternative to a regular job? Why?
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