Rich Is Right FOREX Academy

10 Questions

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Rich Is Right FOREX Academy

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Questions and Answers
  • 1. 
    What is Forex market?
    • A. 

      The buying and selling of pips

    • B. 

      This is the online market place where various national currencies are traded

    • C. 

      This is the selling of currencies 

    • D. 

      This is the buying of currencies

  • 2. 
    What are currency pairs 
    • A. 

      A currency pair is a quote of the exchange rate for two different currencies traded 

    • B. 

      A currency pair is the exchange rate of currencies 

    • C. 

      These are pairs in the market that shows currencies during the day

    • D. 

      These are pairs in the market that feeds the bulls

  • 3. 
    Name this candle stick pattern 
    • A. 

      Bullish engulfing 

    • B. 

      Bearish engulfing 

  • 4. 
    Name this candle stick pattern
    • A. 

      Bullish engulfing 

    • B. 

      Bearish engulfing

  • 5. 
    Name the candle stick inside the rectangle 
  • 6. 
    What are the steps to take when you want to add a stop loss (SL) & a take profit (TP) to your running trade 
  • 7. 
     James has done his technical analysis on USDCAD and is looking to take a sell list the steps james should take to do so,  now that he has opened his mt4 app.
  • 8. 
    If you wish to close yours running trade outline below explaining how you would do so.
  • 9. 
    How do you breakeven on a trade?
  • 10. 
    How do you switch to different time frames on your mt4 app?
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