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What does having a SHORT position mean?
You lost money on a position.
You anticipate a decline in the base currency.
You've bought the counter currency and sold the base currency.
You purchased the base currency and then sold it.
Correct!
Wrong!
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How big is a STANDARD LOT?
100,000 currency units
1,000 currency units
1,000,000 currency units
100 currency units
Correct!
Wrong!
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What does the REVERSAL pattern's name mean?
Currency
Double bottom
Double pattern
All of the above
Correct!
Wrong!
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Describe LIMIT order.
A directive to keep the price at the going rate
A request to purchase a specific quantity of lots
A request that must be fulfilled right away
An order to buy or sell at a specific price with no room for negotiation
Correct!
Wrong!
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What does this price pattern's name mean?
Triple top
Diamant
Double top
Double bottom
Correct!
Wrong!
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Describe market order.
A directive to purchase and mark the orders
A request to restrict the order to particular markets
A purchase order placed at the going rate
A request that must be fulfilled right away
Correct!
Wrong!
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What does having GO LONG actually mean?
You purchased the base currency with the expectation that it will increase.
On your open position, you have earned money.
You have closed out every position you had.
You overspent your margin on purchases.
Correct!
Wrong!
Continue >>
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