Explanation:
When a trader first sells a security with the purpose of later repurchasing or covering it at a lower price, they are creating a short, or short position. When a trader predicts that the price of an asset will drop soon, she may elect to short that security.
Explanation:
In forex, the Triple Bottom Pattern is a potent bullish reversal pattern that typically develops after a protracted downtrend. Its development denotes a likely bullish trend reversal. Similar to the double bottom, the triple bottom operates.
Correct answer:
$100
Explanation:
A mini lot is a size for currency trading that is 10,000 units
Explanation:
The abbreviation "Pip" stands for "percentage in point" or "price interest point," which refers to the smallest price change in a currency pair's exchange rate.
Explanation:
Double Top pattern selling technique. Find the pattern in an upward trend. Do not enter until the price bar has turned bearish. After the creation of the second bottom, place your trade. On the two bottoms, there must be a neckline. Set your stop-loss at or close to the peaks. Take a loss on the trade.
Explanation:
A limit order is a directive to carry out a transaction at a price that is better than the going rate on the market. Limit orders come in two flavors: entry orders (which start a new position) and closure orders (that terminate an existing position).
Explanation:
The pound sterling serves as the base currency and the Japanese yen serves as the quote currency in the GBP/JPY exchange rate.
Explanation:
When trading Forex, there are two sides: the buyer and the seller. The bid price is the price the buyer is willing to pay for the item. The bid price, which is used in the Forex trading market, is the most money a buyer will spend to purchase a currency pair.
Correct answer:
Price itself
Explanation:
In a forex transaction, a standard lot is equal to 100,000 units of the base currency. One of the three widely used lot sizes, along with the mini-lot and micro-lot, is this one.
