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:
- What is the meaning of “portmanteau“, “Forex (FX) is a portmanteau of foreign currency and exchange.”? Use it in a sentence.
- 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.
- 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:
- Cite some of your key takeaways about forex trading from the article.
- What do you think are the qualities that make a good trader?
- How do you stay abreast with the ever-changing financial markets?
- Why might some people consider forex trading a scam? Have you tried forex trading?
- Do you think anyone is capable of forex trading? Why?
- Is it a good alternative to a regular job? Why?