Forex Trading

Forex Trading Test 3

0%

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

Related Post