Forex Trading Test 3
When the price of a currency pair increases, this indicates:
Correct!
Wrong!
Correct answer:
The market is bullish and the base currency is getting stronger
When you place a pending order to sell something for less than the going rate on the market, you must:
Correct!
Wrong!
Correct answer:
Open a sell stop order
When you place a pending order to purchase something at less than the going rate on the market, you must:
Correct!
Wrong!
What indicator is utilized to determine market trends?
Correct!
Wrong!
Correct answer:
Moving average
Which of these is not a day trading indicator?
Correct!
Wrong!
Explanation:
The Ichimoku chart separates out deals with higher odds in the currency market. When the Tenkan and Kijun Sens lines cross, it indicates a change in trend and a potential entry point for trades. The "cloud" of the Ichimoku indicator depicts both recent and past price movements.
Your stop loss would be as follows if you opened a sell pending order below the going market price:
Correct!
Wrong!
Correct answer:
Above the entry price
Which of the following indicators makes use of the 12-period exponential moving average?
Correct!
Wrong!
Correct answer:
Moving Average Convergence Divergence
Which of these measures forex market volatility?
Correct!
Wrong!
Correct answer:
Bollinger bands
Which of these indicators best depicts the market's stage?
Correct!
Wrong!
Correct answer:
Moving average convergence and divergence
Which of these situations does not suggest a bullish trend?
Correct!
Wrong!
Correct answer:
MACD turns downward
Which of these signals our entry using the percent K and percent D lines?
Correct!
Wrong!
Correct answer:
Stochastic pattern