This lesson teaches key vocab and concepts about foreign currency exchange. Students will learn about related vocab, expressions, and question such as "dollars", "pounds", "I'd like to make an exchange", etc.

1. Forex

2. I buy stocks. Then I hold
them for a long time. After
the stocks increase a lot in
value I sell them. I’m a
long term ________investor.

3. I buy stocks. Then I wait
for a month or two. In a
month or two I sell the
stocks. I’m a __________.day trader

4. Which one is better…
trading or investing?
1. Which type of investing is the most stressful?
2. Which type of investing is more lucrative?
3. Which type of investing requires more work?
Day trading is more stressful than investing.
Day trading is more lucrative than investing.
Day trading requires more work.

5. (Foreign) Currency exchange shop
What can you do there?
You can exchange money.

6. What is the current __________ ____ of
US dollars to Hong Kong dollars?
The current __________ ____ is 1 USD
to 7.85 Hong Kong dollars.
exchange rate
exchange rate

7. What is the current exchange rate of
US dollars to Hong Kong dollars?
Right now 1 US dollar is (equal to)
7.85 Hong Kong dollars.

8. What is the exchange rate of
…………………. right now?
HKD to CNY?
HKD to JPY?
HKD to AUD?
HKD to KRW?
(Chinese Yuan)
(Japanese Yen)
(Australian Dollars)
(Korean Won)

9. Customer –
Worker –
Customer –
Worker –
Customer –
Worker –
Customer –
Dialogue – Exchanging money
I want to exchange my HKD for TWD.
The current exchange rate is 3.94. Is
that ok?
That’s fine.
How much do you want to exchange?
I want to exchange 20,000.
Ok. Can I have your passport please?
Here you go.

10. Customer –
Worker –
Customer –
Worker –
Customer –
Worker –
Customer –
Dialogue – Exchanging money
I want to change my HKD to TWD.
Right now 1 HKD is 3.94 TWD. Is that ok?
That’s fine.
How much do you want to change?
I want to change 20,000.
Ok. Can I have your passport please?
There you go.

11. I like to trade currencies from
different countries to make money.
So I’m a ______ trader.
 Forex means __________________
forex
foreign exchange.

12. How do Forex investors make a lot of
money?
Buy low sell high!
Unified Gartley _______.
Patterns can tell you
when to buy or sell.
pattern

13. To find patterns, investors and traders
use indicators. What indicators can
you think of?
1. Looking at charts
2. Reading international news
3. Other people
4. Pattern recognition software
5. Indicator software

14. How do investors and traders
manage risk?
I like to ________
my
investments.
I like to invest in several
different things. If my stocks
go down it’s okay because
my other investments might
go up.
diversify

15. Lazy investing
I use a broker like E-
toro and I copy
other people’s
trades. What is this
called?
This is called
copy-trading.

16. Which countries are they?
Australia
New
Zealand

17. Which country is that?
Japan

18. What are the names of the
green and red countries?
Canada
The United
States

19. What is the name of the red country?
Where is that red country?
Switzerland
I’m from
Switzerland.
I am ______.swiss
Europe Switzerland is in ________.Europe

20. What is the name of the orange
country?
Great Britain
The United
Kingdom
aka

21. What does that stand for?
1.HKD
2.GBP
3.CHF
4.JPY
5.NZD
6.CAD
7.USD
1.Hong Kong Dollar
2.Great Britain Pound
3.Swiss Franc
4.Japanese Yen
5.New Zealand Dollar
6.Canadian Dollar
7.United States Dollar

22. What does that stand for?
1.TWD
2.SGD
3.KRW
4.CNY
5.PHP
6.IDR
7.INR
1.Taiwan Dollar
2.Singapore Dollar
3.Korean Won
4.Chinese Yuan
5.Philippine Peso
6.Indonesian Rupiah
7.Indian Rupee

23. What do people do at the Hong
Kong Jockey Club?
At the Hong Kong Jockey Club
people bet money on horse
races.

24. Race track

25. What do forex traders do?
Forex traders bet
money on currency
pairs.

26. What do forex traders do?
Forex traders
are always
looking at
______.charts

27. What do forex traders do?
Forex traders bet that a pair will go
up or go down.
E.g. –
Right now 1 HKD is 3.84 TWD.
I bet that next week 1HKD will be 3.94 TWD.
So I bet that the HKD/TWD pair will go up.

28. How likely is it that
the EUR / USD pair
will go up?
What are the
chances that the EUR
/ USD pair will go up?
What is the
likelihood that
the EUR / USD
pair will go up?

29. How likely is it that you will get rich?
1. It’s highly likely. It’s
very likely
2. It’s likely
3. It’s not very likely
4. It’s unlikely
5. It’s highly unlikely.
It’s very unlikely.
1. It’s highly probable. It’s
very probable
2. It’s probable
3. It’s not very probable
4. It’s improbable
5. It’s highly improbable

30. How likely is it that you will get rich?
1. It’s highly likely that I’ll get rich.
2. It’s likely that I’ll get rich.
3. It’s not very likely that I’ll get rich.
4. It’s unlikely that I’ll get rich.
5. It’s highly unlikely that I’ll get rich.

31. How likely is it that all of
your friends will get
married?
It’s not very likely that all
of my friends will get
married.

32. How likely is it that you
will live in another country
during your life?
I’m already living in a
foreign country!

33. What are the chances that it will rain
tomorrow?
1. There is a 100% chance it will rain tomorrow.
2. There is a 75% chance it will rain tomorrow.
3. There is a 50% chance it will rain tomorrow.
4. There is a 25% chance it will rain tomorrow.

34. What are the chances that
you will reach your goals
this year?
There’s a fifty percent
chance I’ll reach my goals this
year. It’s 50 / 50.

35. What’s another way to say a 25%
chance?
A low / small
chance.

36. What’s another way to say a 75%
chance?
A high / big
chance.

37. 1. Very high chance
2. High chance
3. Low chance
4. Very low chance
90%
75%
25%
10%
What percentage is that?

38. What’s another way to say
“about 75%” ?
We can say
“75%ish”

39. 1. Very high chance
2. High chance
3. Low chance
4. Very low chance
90%-ish
75%-ish
25%-ish
10%-ish
What percent is that?

40. What are the chances that
you will make money at
the casino?
There’s a very low chance I’ll
make money at the casino.

41. What are the chances that
you will make money when
you play Majiang?
There’s a 100%-ish chance I’ll
make money when I play
Majiang. I’m an expert!

42. What’s another way to say
“chance” ?
probability

43. What are the chances that you will get
married?
What ___ the ___________ that you will get
married?
These sentences have the same meaning
probabilityis