Forex Trading Test 5

Question 1

What is the name of the analysis based on national economic news?

Accepted Answer

Fundamental analysis

Answer

New trading

Answer

Technical analysis

Answer

Riding the trend

Question 2

What are direct currency pairs?

Accepted Answer

When quoted currency is USD

Answer

When base currency is USD

Answer

When there is no USD

Answer

All of the above

Question 3

What does trading long in the forex market mean?

Accepted Answer

To initiate a buy order

Answer

To draw a chart

Answer

To close a trade

Answer

To open a trade

Question 4

How much margin is needed to trade 20 lots of the EUR/USD pair if the margin for each lot is $1,000?

Accepted Answer

Answer

$1,000

Answer

$5,000

Answer

$40, 000

Answer

$20, 000

Question 5

What does trading short in the forex market mean?

Accepted Answer

To initiate a sell order

Answer

To start a trade

Answer

To draw an analysis chart

Question 6

How many grams are there in a Troy Ounce?

Accepted Answer

31.104 Grams

Answer

30.104 Grams

Answer

300 Grams

Answer

33.104 Grams

Question 7

Largest spot market for gold and silver in the world?

Accepted Answer

UK

Answer

COMEX

Answer

NYMEX

Answer

INDIA

Question 8

When are the main trades on COMEX and NYMEX?

Accepted Answer

6 PM to 11.55 PM IST

Answer

5 PM to 6 PM IST

Answer

5 PM to 10 PM IST

Answer

5 AM to 11 PM IST

Question 9

The Federal Reserve is?

Accepted Answer

Central Bank of USA

Answer

Central Bank of China

Answer

Central bank of Japan

Answer

Central Bank of Europe

Question 10

What is the typical Silver COMEX lot size?

Accepted Answer

5000 Troy Ounce

Answer

300 Troy Ounce

Answer

3000 Troy Ounce

Answer

500 000 Troy Ounce