Research Methods 1234

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Research title: Exploring Foreign Exchange Trading as an Investment Opportunity: An Investor's Perspective First version of survey/ topic guide (list of questions that were asked) 10%: 1. When did you first start trading foreign currency? 2. Why did you decide to begin trading foreign currencies? 3. When evaluating Forex market investing chances, what criteria do you use? 4. How do you handle risk when trading Forex? 5. How would you describe the methods and approaches you use when trading in the foreign exchange market? 6. When making a financial investment, how do you factor fundamental analysis in? 7. How important is technical analysis to your Forex trading strategy? 8. What role does technology play in your Forex trading? 9. Have you encountered any major obstacles on your path to become a successful Forex trader? 10. To new traders in the foreign exchange market, what recommendations would you make? Feedback on survey/ topic guide (10 survey responses / 4 interviews) 10%:

The usefulness and applicability of the questionnaire were illuminated by the responses to the survey and topic guide. The strengths and weaknesses revealed by the survey results from the 10 participants made it possible to make the required modifications and enhancements. The responses to the survey are as follows: 1. Clarity of Questions: Most people who took the survey thought the questions were simple and straightforward. They liked how the survey was organised and how the language was simple. This commentary shows that the poll communicated clearly and left little room for misunderstanding. 2. Coverage of Key Topics: Respondents agreed that many important issues connected to FX trading as an investment possibility were covered in the survey (Castelblanco et al., 2020) . The questions covered topics such trading goals, methods of risk management, decision-making procedures, and technological applications (Heryadi et al., 2021) . This response indicates that the survey successfully covered all of the key questions. 3. Depth of Inquiry: Some of the participants wanted further in-depth inquiries regarding particular facets of Forex trading. They wanted more in-depth treatment of some themes that were only touched on briefly. This suggestion suggests that the survey may be improved by including more in-depth questions that invite nuanced replies from respondents. 4. Balance of Questions: Some respondents said the study put too much weight on technical analysis and trading tactics and too little on fundamental analysis and the mental side of trading. This comment underlines the value of a well-rounded approach to Forex trading education, which emphasises covering a variety of angles. 5. Length of Survey: Some respondents complained that the survey was too long and would take too much time. They recommended cutting down on the length of the survey and making some of the questions more clear. This comment highlights the importance of adjusting the survey's length to maximise participation and reduce boredom.

6. Response Options: Participants who were given multiple-choice questions often expressed gratitude for the opportunity to respond quickly and easily (Randhawa et al., 2020) . However, some respondents felt confined in their capacity to provide an honest comment by the options provided. According to the comments, gathering more information from respondents would be possible if they were asked a mix of both multiple-choice and free-form questions. 7. Sequencing of Questions: Many respondents praised the survey's easy-to-follow format, which they said was made possible by the questions' well-thought-out order. They liked how the questions built upon one another to provide a logical progression (Castelblanco et al., 2020) . According to the responses, the survey was well-designed and helped participants navigate the different sections. The survey and discussion guide underwent extensive revisions in response to the responses collected. The alterations were made to address the problems highlighted by the target audience. Among the changes made were: - Including more in-depth and inquisitive inquiries to delve into niche areas of Forex trading. Maintaining a fair representation of technical analysis, fundamental analysis, and psychological considerations in Forex trading (Heryadi et al., 2021) . Rephrasing and editing some survey questions may help shorten the survey and make it easier on respondents. Offering respondents an option between multiple-choice and free-form questions will allow for a wider range of responses. - Keeping the questions in their proper order to guarantee a consistent and well-directed investigation of the study subjects (Castelblanco et al., 2020) . These revisions were made so that the poll and discussion guide would more accurately reflect the views of participants on the potential of foreign exchange trading as an investment.

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Participant comments were helpful in honing the survey's design and boosting confidence in its ability to yield useful data for the dissertation. Changes made to survey/ topic guide – highlight changes that were made 10%: The first survey responses informed a number of revisions to the survey/topic guide, which were made to increase the document's thoroughness and attend to readers' particular concerns. The following adjustments were made: 1. Addition of Risk Management Techniques: Many respondents stressed the importance of testing knowledge of risk management strategies applicable to Forex trading. The new inquiry "How do you manage risk in your Forex trading activities?" is meant to cover this topic. This enhancement allows for a more in-depth investigation into the risk management tactics of participants, yielding useful insights into their approach to limiting financial loss. 2. Incorporation of Psychological Aspects: Many responders to the survey were curious about the role of emotions in trading and making decisions. A new inquiry was included to the survey to probe for this specific information: "What psychological factors do you consider in your trading decisions?" This new information helps researchers learn more about Forex traders' attitudes, self-discipline, and ability to keep their emotions in check. 3. Expansion on Economic Events and News: Participants stressed the relevance of economic news and events in making Forex trades. We've expanded our original survey to inquire, "How do economic events and news influence your Forex trading decisions?" This enhancement allows researchers to examine how investors react to news items such as macroeconomic indicators, central bank pronouncements, and geopolitical events (Randhawa et al., 2020) . 4. Refinement of Existing Questions: Some respondents remarked that the questions could have benefited from being phrased more narrowly or concisely (Harris et al., 2021) . Minor changes were made based on this feedback to improve the phrasing and assure clarity of the current questions. These changes are an effort to improve the quality of the data obtained by

making it easier for participants to comprehend the questions and provide more targeted answers (Kruth et al., 2021) . Feedback from the pilot survey was used to inform the revisions made to the survey and topic guide (Castelblanco et al., 2020) . These alterations and improvements broaden and deepen the study, making it more likely that important topics will be covered in detail and useful participant feedback will be collected. Clean version of survey/topic guide 1. How long have you been trading foreign currency (Forex)? 2. Why did you decide to begin trading foreign currencies? 3. When evaluating Forex market investing chances, what criteria do you use? 4. When trading Forex, how do you minimise the likelihood of losing money? 5. How would you describe the methods and approaches you use when trading in the foreign exchange market? 6. When making a financial investment, how do you take into account fundamental analysis? 7. When trading Forex, how important is technical analysis to your strategy? 8. When trading Forex, how do you make use of technology? 9. Have you encountered any major obstacles on your path to become a successful Forex trader? 10. How do your thoughts and feelings affect your trading? 11. How do shifts in the economy and the news affect the Forex trades you make? Question justification (20%): Question Why is this question being included/ how does it help answer your dissertation? 1. How long have you been trading foreign The purpose of this inquiry is to ascertain the respondents' familiarity with Forex

currency (Forex)? trading. When participants' levels of expertise in the Forex market are known, an analysis may be conducted taking into account the unique viewpoints of both newcomers and seasoned pros. How the participants' backgrounds in trading inform their outlooks and approaches to the Forex market can be inferred from their answers to this question. 2. Why did you decide to begin trading foreign currencies? The objectives and aspirations of Forex traders can be gained from an understanding of the reasons why individuals decide to begin trading foreign currencies. Inquiring about what prompted people to start trading Forex might shed light on motivations including profit potential, diversification, personal curiosity, or outside influences. The answers to this question provide insight into the underlying motivations for Forex trading and how they may affect investing decisions. 3. When evaluating Forex market investing chances, what criteria do you use? The purpose of this inquiry is to learn more about the criteria and elements that market participants use to evaluate Forex investment opportunities (Castelblanco et al., 2020) . The dissertation can give a thorough grasp of the decision-making process by analysing the numerous evaluation criteria, such as technical data, economic indicators, geopolitical variables, or market sentiment (Harris et al., 2021) . You may learn a lot about the analytical approaches taken and the considerations considered when making

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Forex trading investments from the responses to this question. 4. When trading Forex, how do you minimise the likelihood of losing money? The purpose of this inquiry is to learn about the participants' strategies for dealing with risk in Forex trading (Randhawa et al., 2020) . The results can shed light on the risk management practises in Forex trading by illuminating the tactics, approaches, and tools used to mitigate the possibility of incurring monetary losses. Participants' answers to this question can shed light on the preventative and crisis management steps they've done with their investments. 5. How would you describe the methods and approaches you use when trading in the foreign exchange market? The purpose of this inquiry is to learn about the participants' individual Forex trading strategies. The dissertation will be better able to investigate the variety of approaches and discover common trends in the trading industry if the author has a firm grasp of the procedures, techniques, and strategies used by the various market participants. The responses shed light on the participants' decision-making processes and their trading methods (such as day trading, swing trading, and trend following). 6 When making a financial investment, how do you take into account fundamental analysis? This inquiry probes the respondent's awareness of and appreciation for the importance of fundamental analysis in foreign exchange trading. The results can shed light on the importance of fundamental

analysis in Forex trading techniques by showing how participants use fundamental analysis such as economic indicators, central bank policies, or geopolitical events into investing decisions (Abdeldayem., 2016) . 7. When trading Forex, how important is technical analysis to your strategy? The purpose of this inquiry is to gauge the extent to which technical analysis is incorporated into the trading strategies of participants in the foreign exchange (Forex) market. The dissertation can examine the importance of technical analysis and its impact on trading decisions by surveying participants about their views on technical analysis indicators, chart patterns, and trend analysis. What participants think of technical analysis and how they use it in their trading methods can be gleaned from their answers to this question. 8. When trading Forex, how do you make use of technology? This topic delves into how Forex market players are making use of the revolutionary new tools made possible by technological advancements. Findings can shed light on how technology influences trading efficacy, speed, and decision-making by illuminating the tools, platforms, or software utilised in Forex trading (Kruth et al., 2021) . How much people in the Forex market rely on technological means to improve their trading capacities and maintain competitiveness can be gleaned from their

answers to this question. 9. Have you encountered any major obstacles on your path to become a successful Forex trader? This inquiry is an attempt to probe the difficulties that forex traders must surmount on their way to achieving success. The dissertation can shed light on the typical problems encountered by Forex traders by highlighting the most significant obstacles, such as market volatility, emotional biases, a lack of information, or technological issues. The participants' answers to this question shed light on the challenges they've faced and the methods they've used to overcome them (Harris et al., 2021) . 10. How do your thoughts and feelings affect your trading? This inquiry investigates how participants' emotions and other mental states influence their trading decisions. Findings may shed light on traders' psychological struggles and methods for dealing with emotions by analysing the impact of emotions on decision-making, such as fear, greed, or overconfidence. The answers to this question provide insight into the relationship between emotions, cognitions, and financial outcomes during foreign exchange (Forex) trading. 11. How do shifts in the economy and the news affect the Forex trades you make? This inquiry probes how Forex market players respond to economic movements and news events that can dramatically affect

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the market (Tang et al., 2016) . The dissertation can examine how much participants use economic and news analysis by learning how well-informed they are on economic indicators, news events, and the impact they have on currency pairs. Insights on how traders react to economic changes and news developments in the Forex market can be gleaned from their responses to this question (Abdeldayem., 2016) . What were the findings from the interview/ survey? (15%) The results of the study provide insightful data for investors interested in learning more about foreign exchange trading. The results of the survey's analysis are summarised below. 1. Duration of Involvement: The survey results showed a wide range of participants' prior exposure to Forex trading. There were both newcomers to the market (those who had been trading for less than a year) and veterans (those who had been doing so for several years) among the responses. The wide range of participants' trading backgrounds allowed for a more complete picture of the industry as a whole. 2. Motivations for Forex Trading: Participants' key motive for engaging in Forex trading was the possibility of financial benefit (Briault et al., 2018) . Many of those who participated in the survey said they hope to one day make a living off of currency trading. Participants praised the Forex market's accessibility, noting that they could engage in trades at any time of day or night, increasing the market's appeal. 3. Factors Considered in Investment Opportunities: When evaluating foreign exchange (Forex) investing opportunities, participants took a number of things into account. Many people cited the importance of watching economic indicators including GDP growth, inflation, and interest rates. Respondents also highlighted the significance of geopolitical

events and their effect on currency prices (Tang et al., 2016) . They also mentioned market mood, technical analysis indications, and past price movements as variables that influenced their investments. In order to make educated decisions, participants emphasised the need of doing one's homework and keeping up with the latest market news. 4. Risk Management Strategies: One of the most important aspects of Forex trading is risk control. Market participants were aware of and prepared for these dangers by using a variety of techniques. Setting stop-loss orders to minimise potential losses, utilising suitable position sizing to control risk exposure, diversifying assets across several currency pairings, and sticking to disciplined trading practises were all cited as examples of common risk management approaches. Some speakers also highlighted the significance of making rational trading decisions and properly managing leverage. 5. Trading Strategies and Techniques: Many different approaches to trade the Forex market were used by the participants. It was common practise to "trend follow," or trade in accordance with the direction of previously established market trends. The trading strategy of "breakout" was also addressed, which involves betting on price increases after an asset breaks through a key support or resistance level (Abdeldayem., 2016) . Other methods that were cited frequently were range trading, where investors try to profit from price changes within a set price range, and carry trade, where investors try to profit from interest rate differentials across currencies. Moving averages, support and resistance levels, and Fibonacci retracements were only some of the technical analysis tools used by participants. 6. Utilization of Technology: The report revealed how heavily reliant Forex traders are on technological tools (Kruth et al., 2021) . Market participants relied heavily on real-time data and analytics provided by online trading platforms, charting tools, and mobile applications. These technological aids were much valued for the efficiency and comfort they provided. Some have noted the usage of automated trading tools like algorithmic trading systems and expert advisors, which follow a set of predetermined rules to make trades.

In sum, the results of the survey shed light on Forex market investors' underlying goals, decision-making procedures, risk management approaches, trading methods, and technical application. These results aid in filling in the picture of foreign exchange trading as an investment opportunity and provide direction for newcomers and seasoned pros alike in the Forex market. How did you analyse your data to reach these findings? (15%) A methodical procedure was used to examine the survey's data and draw conclusions. Using qualitative methods of data analysis, the gathered survey responses were read, catalogued, and analysed. The data was analysed and conclusions were drawn by performing the following procedures: 1. Data Preparation: The first stage was to compile and clean the survey results. In order to analyse the responses more thoroughly, they were collected and organised systematically. We updated and clarified any responses that were unclear or incomplete. 2. Coding: The information was then coded, or organised into categories and given names for the many ideas that had arisen from the responses. At first, open coding was used to classify the participants' ideas, thoughts, and points of view. Each answer had to be examined meticulously, and then descriptive codes were applied to them to capture their essence. 3. Theme Development: Following the first coding, codes that were conceptually similar were grouped together to reveal larger themes. This required locating commonalities and associations within the coded information (Abdeldayem., 2016) . Themes were generated from participants' commonalities in thought and perspective. 4. Data Exploration: After identifying common threads, additional data mining was performed. To do this, I went back over the participants' comments within each theme to

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better grasp their points of view. To capture the nuances of each overarching subject, we extracted sub-themes or sub-categories. 5. Cross-referencing and Validation: Data was compared both internally and externally to establish connections and trends (Briault et al., 2018). This required looking at the ways in which many topics affected and were affected by one another. The purpose was to check for internal consistency among the results and verify any resulting patterns. 6. Interpretation and Synthesis: The next stage was to analyse the coded data and draw conclusions. Insights, connections, and a holistic comprehension of the participants' views on foreign exchange trading as an investment opportunity were extracted through analysis of the themes and sub-themes discovered. To make sense of the data and spot important patterns, trends, and linkages, interpretive analysis methods were used. 7. Triangulation: Triangulation was used to increase the reliability and validity of the results. In order to do this, we compared the poll results with previous studies, theories, and literature concerning Forex trading and investment philosophies. The analysis aims to provide a holistic and in- depth understanding of the research issue by combining data from a variety of sources. 8. Data Summarization: The final step was to formulate succinct sentences that encapsulated the key findings (Tang et al., 2016) . The analysis's main takeaways, patterns, and themes were condensed into an argument that answered the study's aims. The results were neatly compiled to give an in-depth look into how people felt about FX trading as an investment possibility. The results of the survey were arrived at after a thorough examination, coding, categorising, and synthesis using the aforementioned systematic analysis process. By being so methodical,

we know that our conclusions are grounded in a solid examination of the survey responses and are therefore credible and informative (Abdeldayem., 2016) . Foreign exchange trading was analysed from the standpoint of an investor, and every effort was made to capture the nuance, diversity, and richness of the participants' viewpoints. Do these findings give sufficient insight for your dissertation? (10%) For the dissertation's discussion of foreign exchange trading as an investment opportunity, the survey's results provide useful and illuminating data. The results of the data analysis show that the research objectives have been met, and that a deeper comprehension of the topic has been achieved (Kruth et al., 2021) . For the following reasons, these results provide adequate data for the dissertation: 1. Depth and Breadth of Perspectives: The survey replies come from a wide variety of people, all with different levels of expertise trading Forex. By including the perspectives of both inexperienced and seasoned investors, this method ensures a complete picture of the opportunity at hand. The results cover many different types of incentives, risk management approaches, trading methods, and criteria for assessing investment opportunities (Briault et al., 2018) . This allows the dissertation to present a wide-ranging analysis of the elements that influence traders' opinions of the foreign exchange market. 2. Alignment with Research Objectives: The survey was created to meet targeted research aims associated with currency trading as an investment vehicle. These goals are advanced by the findings, which shed light on the nature and extent of investors' motivations, risk management tactics, trading methods, and the use of technology in the foreign exchange market. The analysis of the data has linked the results of the survey to the study's aims, guaranteeing that the results are applicable and in keeping with the study's central concern.

3. Richness of Information: Participants' thoughts and experiences with Forex trading were generously shared in their survey responses (Briault et al., 2018) . The results shed light on the variables that drive investors' choices, the difficulties they confront, and the methods they use to mitigate potential losses. Incorporating actual quotes and concrete examples from the survey replies deepens and verifies the findings. 4. Triangulation with Existing Literature: The survey results were cross-checked with other studies and the current literature on Forex trading and investment. The reliability and veracity of the results are improved as a result of the incorporation of data from various sources. The dissertation can provide a solid analysis of the research topic by contrasting the survey results with established theories and research, further emphasising the significance and usefulness of the revealed insights. 5. Practical Implications: The survey results can be helpful for inexperienced traders who are considering entering the Forex market. The findings offer significant help for newcomers to the Forex market in the form of tips, advice, and best practises shared by seasoned traders. This real-world relevance and applicability of the findings enhances the value of the dissertation as a resource for anyone interested in Forex trading (Tang et al., 2016) . Finally, the survey data provides adequate information for the dissertation chapter on currency trading as an investment vehicle. The findings will make a substantial contribution to investor knowledge of Forex trading thanks to the study's depth and breadth of viewpoints, congruence with research aims, wealth of material, triangulation with current literature, and practical consequences (Kruth et al., 2021) .

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References Abdeldayem, M.M., 2016. Is there a relationship between financial literacy and investment decisions in the kingdom of Bahrain?. Journal of Management and Accounting Studies , 4 (02), pp.68-78. Briault, C., Feyen, E., Gonzalez Del Mazo, I., Kwok Chung Yee, B., Radermacher, J.W. and Skamnelos, I., 2018. Cross-border spillover effects of the g20 financial regulatory reforms: results from a pilot survey. World Bank Policy Research Working Paper , (8300). Castelblanco, G. and Guevara, J., 2020, March. Risk allocation in PPP unsolicited and solicited proposals in Latin America: Pilot study in Colombia. In Construction Research Congress 2020 (pp. 1321-1329). Reston, VA: American Society of Civil Engineers. Harris, L., Kahn, C.M., McDonald, R.L. and Spatt, C.S., 2021. The role of pilot studies in financial regulation. Available at SSRN 3979297 . Heryadi, Y. and Wibowo, A., 2021, August. Foreign exchange prediction using machine learning approach: A pilot study. In 2021 4th International Conference on Information and Communications Technology (ICOIACT) (pp. 239-242). IEEE. Kruth, J.G., 2021. Associative Remote Viewing for Profit: Evaluating the Importance of the Judge and the Investment Instrument. Journal of Scientific Exploration , 35 (1). Tang, L., Murphree, M. and Breznitz, D., 2016. Structured uncertainty: a pilot study on innovation in China’s mobile phone handset industry. The Journal of Technology Transfer , 41 , pp.1168-1194. Randhawa, D.S., 2020. China's central bank digital currency: Implications for ASEAN.