The FOREX Trading Styles Quiz! Trivia

10 Questions | By Gregorynaomi | Last updated: Sep 2, 2020 | Total Attempts: 141

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The forex trading styles quiz trivia. A lot of people are being introduced to foreign trading and this is as a result of it being the greatest liquid market available. Traders can opt to use scalping, intraday trading or day trading, swing trading or trend trading when choosing their trading style. The styles are dependent on how long the trade is open for. Take this quiz to learn some more about these styles.

Questions and Answers

1.

What does going long means in the forex market?
- A.
  
  To close a trade
- B.
  
  To open a trade
- C.
  
  To draw a chart
- D.
  
  To initiate a buy order
2.

What does going short means in the forex market?
- A.
  
  To draw an analysis chart
- B.
  
  To initiate a sell order
- C.
  
  To pause a trade
- D.
  
  To start a trade
3.

Which of these currencies is sometimes called Greenback in the forex market?
- A.
  
  Dollar
- B.
  
  Dinar
- C.
  
  Rand
- D.
  
  Euro
4.

Which of these is not traded on the forex market as of 2019?
- A.
  
  Dollar
- B.
  
  Yen
- C.
  
  Dinar
- D.
  
  Euro
5.

Which of these terms refers to the British Pounds?
- A.
  
  Hawkish
- B.
  
  Dovish
- C.
  
  Cable
- D.
  
  Kiwi
6.

Which of these is irrelevant in the determination of the exchange rates?
- A.
  
  International parity conditions
- B.
  
  International trade activity
- C.
  
  Balance of payments model
- D.
  
  Asset market model
7.

Which of these is not a form of psychology affecting the market?
- A.
  
  Flights to quality
- B.
  
  Buy the rumor, sell the fact
- C.
  
  Long-term trends
- D.
  
  Fundamental trading considerations
8.

When do the non-farm payrolls occur?
- A.
  
  First Sundays of the month
- B.
  
  First day of the month
- C.
  
  First Mondays of the month
- D.
  
  First Saturday of the month
9.

What is the code XTS reserved for?
- A.
  
  Analysis
- B.
  
  Testing
- C.
  
  Trading
- D.
  
  Confirmation of transactions
10.

Which of these refers to the Swiss Franc?
- A.
  
  USD
- B.
  
  CHF
- C.
  
  JPY
- D.
  
  CNY

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