FOREX Trading Ultimate Quiz! Trivia

10 Questions | Total Attempts: 133

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FOREX Trading Ultimate Quiz! Trivia - Quiz

Forex trading ultimate quiz trivia. Forex markets exist as spot markets as well as derivatives markets offering forwards, futures, options, and currency swaps. Nothing is easy take in forex trading so one has to clear head and be willing to learn more about the trade. By taking this quiz you stand chance of adding on to what you know about the trade. Do give it a try and how well you do!


Questions and Answers
  • 1. 
    1. You bought 1 lot EUR/USD at 1.4690, entered a stop loss at 1.4655 and a take profit at 1.4757
    • What is the pips value in this deal?
    • What would be the amount lost in $ if the deal ended with stop loss?
    • What would the profit be in $ if the deal ended with taking profit?
    • A. 

      The value of a Pip is 1 USD. Losses will value 350 USD. Profits will value 670 USD

    • B. 

      The value of a Pip is 10 USD. Losses will value 350 USD. Profits will value 670 USD

    • C. 

      The value of a Pip is 10 USD. Losses will value 670 USD. Profits will value 350 USD

    • D. 

      The value of a Pip is 100 USD. Losses will value 670 USD. Profits will value 350USD

  • 2. 
     
    • 1.  You sold 0.5 GBP/USD at 2.0584, put a stop loss at 2.0615 and take profit at 2.0516
    • What is the pips value in this deal?
    • What would be the amount lost in $ if the deal ended with stop loss?
    • What would the profit be in $ if the deal ended with take profit?
    • A. 

      The Pip value 5 USD. Losses will equal 155 USD. Profit will value 340USD

    • B. 

      The Pip value 0.5 USD. Losses will equal 155 USD. Profit will value 340USD

    • C. 

      The Pip value 5 USD. Losses will equal 340 USD. Profit will value 155USD

    • D. 

      The Pip value 50 USD. Losses will equal 155 USD. Profit will value 340USD

  • 3. 
    You are trading on EUR/USD pair. According to Forex Daily Review on http://www.tradingquarter.com you expectations the currency will go to bullish trend on the mark of 1.2546. The current price on the market is 1.2538. What will be your action?
    • A. 

      Pending order. Use Buy limit at 1.2546

    • B. 

      Immidiate execution. Sell order and Take Profit order at 1.2546

    • C. 

      Pending order. Use Buy stop order at 1.2546

    • D. 

      Pending order. Use Sell Stop order at 1.2546

  • 4. 
    The red arrows on the graph below indicate 
    • A. 

      Bullish trend

    • B. 

      Hawkish trend

    • C. 

      Dovish trend

    • D. 

      Bearish trend

  • 5. 
    You are trading on USD/CHF. The current price is 0.9084. You want to SELL, but not on this price. You want to sell on the price of 0.9125 and buy it back on the price of 0.9043. Your actions?
    • A. 

      Pending order. Buy limit at 0.9125 and take profit at 0.9043

    • B. 

      Pending order. Sell limit at 0.9125 and take profit at 0.9043

    • C. 

      Pending order. Sell Stop at 0.9125 and take profit at 0.9043

    • D. 

      Pending order. Sell limit at 0.9084 and take profit at 0.9043

  • 6. 
    Select all the correct answers
    • A. 

      You have on your account 100,000$

    • B. 

      If you will close all your positiions now, you will lose 14.76 USD

    • C. 

      If you close all your positions your profit will be 256.63USD

    • D. 

      If you will close all your positions, you will be left with 99985.24USD

    • E. 

      If you will close all your positions, you will be left with 99728.61USD

    • F. 

      Your Margin level is enough to open new trades

    • G. 

      As long as your Margin does not go below 20% you wll be able to open new trades

    • H. 

      As long as your Margin does not go below 100% you wll be able to open new trades

  • 7. 
    Working with http://www.forextrading.com is working with the best of the best in Forex Market.
    • A. 

      True

    • B. 

      False

  • 8. 
    (Fill in the blank) ________ a legitimate method of trading based on quick momentum trades triggered by order flow reading setups
  • 9. 
    What are the most important qualities a trader should have? 
    • A. 

      Keep a cool head and not invole the emotions in your trades

    • B. 

      An ability to admit a mistake and accept the losses

    • C. 

      Ability to keep learning all the time, even after you think you learned everything

    • D. 

      Following the market news and their influence on Forex Market

    • E. 

      All of the above

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