Grammar notes: Complex Subject

Study the table to revise the use of the Complex Subject

Meaning	Example
С глаголами чувственноговосприятия: to hear, to see, to watch, to feel, to observe, to notice (инфинитивсчастицей to).	Bob was heard to laugh heartily.
С глаголамиумственнойдеятельности: to know, to think, to consider, to believe, to suppose, to expect ожидать, to imagine, to find, to trust, to assume.	Philip was known to be a young man without money.
С глаголом tomake.	Little Bob was made to put on some warm clothes.
Сглаголамисообщения: to say, to report, to state.	He is said to have gone to work to Siberia.
В действительном залогесглаголами: to seem, to happen, to prove, to be likely, to be unlikely, to be sure, to be certain, to turn out.	They are unlikely to come in time. They seemed to have forgotten him.

Task 11 Translate the following sentences into Russian paying special attention to Complex Subject.

1. The Forex market seems to have been around since the creation of man.

2. Then, in the mid 70's, the retail Forex market proves to have been born.

3. You are unlikely to make millions with one trade.

4. You are made to put aside money you can afford to part with, say your goodbyes, and jump in.

5. He is said to be trading a single currency, which is also not a recommended practice.

6.The Forex market is huge, and is reported to offer quick and large returns on trades.

7. He is heard to be learning how to read the charts.

8. The potential to strike it rich in Forex is likely to be there.

9. The exact percentage happens to be up for a debate.

10. It seems to be very easy to become swayed by all the hype surrounding Forex.

SPEAKING

Task 12 Read the following text about the tips for choosing Forex brokers. Which of them do you consider the most or least important? Why? Give reasons and discuss the topic in pairs.

Because of an abundance of the information in the web and plenty of Forex brokers reviews, some traders may get confused about their choice of a Forex broker. Here are some tips for finding a credible Forex broker.

Regulation: Forex brokers should be well regulated which means they will be managed by regulators and complaints of clients can addressed to a certain entity.

Order execution: Good broker offers competitive and fast order execution. Find out how good execution of a broker is using test amount on a real account.

Customer support: Good broker offers a responsive and quick customer support. Check online support of your broker before signing up with it.

Deposit and withdrawals: -Credible brokers process deposit and withdrawals at earliest possible time. Coming to deposits, deposits must be credited instantly or within few hours based on payment method.

Withdrawal is a very important factor for considering a broker: a good broker is expected to pay your money within 1 business day or else in few business days based on payment method.

Public reviews: We need to consider not a single review in the web, we need to search through all basic ratings and thus should come to a conclusion about reputation of brokers.

News: We also need to check whether the broker provide news regarding the financial markets, because this channel keeps you updated about the market and spares you time from looking for similar sources.

Task 13 Here is the list of Forex basic terminology and Forex professional jargon you must know to discuss some of the Forex topics. Read the notes and then explain to your partner why these notions are key.

• The type of currency you are spending, or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell one currency to purchase another.

• The exchange rate tells you how much you have to spend in quote currency to purchase base currency.

• A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.

• A short position means that you want to buy quote currency and sell base currency. In other words, you would sell British pounds and purchase U.S. dollars.

• The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market.

• The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market.

• A spread is the difference between the bid price and the ask price.

Every discipline has its own jargon, and the currency market is no different. Here are some terms to know that will make you sound like a seasoned currency trader:

· Cable, sterling, pound - alternative names for the GBP

· Greenback, buck - nicknames for the U.S. dollar

· Swissie - nickname for the Swiss franc

· Aussie - nickname for the Australian dollar

· Kiwi - nickname for the New Zealand dollar

· Loonie, the little dollar - nicknames for the Canadian dollar

· Figure - FX term connoting a round number like 1.2000

· Yard - a billion units, as in "I sold a couple of yards of sterling."

Task 14 Search the internet to find the answers to the following questions:

• How does the forex market differ from other markets?

• Where is the commission in forex trading?

• What are you really selling or buying in the currency market?