Forex Trading Test 5

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

Correct! Wrong!

Explanation:
Fundamental analysis, though it may also apply to other kinds of securities, is a technique for assessing and evaluating stocks. With fundamental analysis, the financial health of a company is examined using income statements, balance sheets, cash flow statements, and other publicly available information.

What are direct currency pairs?

Correct! Wrong!

Explanation:
An exchange rate that expresses the foreign currency in terms of the domestic currency per unit is known as a "direct quotation." The amount of local currency required to buy one unit of foreign currency is specified in a direct quote.

What does trading long in the forex market mean?

Correct! Wrong!

Explanation:
To go long means Purchasing the base currency is referred to as forex. Generally speaking, it is a position that is profitable if the asset's price rises. The phrase is typically used in the context of "taking a long position" or just "going long."

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

Correct! Wrong!

Correct answer:
$20, 000

What does trading short in the forex market mean?

Please select 2 correct answers

Correct! Wrong!

Explanation:
When you bet against a currency falling in value in the forex market, you stand to gain if it does. In the forex market, placing a sell order is all that is required to go short a currency; you are not required to borrow a specific amount of the currency.

How many grams are there in a Troy Ounce?

Correct! Wrong!

Explanation:
1 Troy Ounces to Grams 1 Troy Ounces = 31.1034768 (decimal)

Largest spot market for gold and silver in the world?

Correct! Wrong!

Explanation:
The greatest gold market in the world, also known as the London Bullion Market, has been around for a very long time. London displaced Amsterdam as the hub of global gold trading in 1804.

When are the main trades on COMEX and NYMEX?

Correct! Wrong!

Correct answer:
6 PM to 11.55 PM IST

The Federal Reserve is?

Correct! Wrong!

Explanation:
The central bank of the United States is the Federal Reserve System, also known as the Federal Reserve or simply "the Fed."

What is the typical Silver COMEX lot size?

Correct! Wrong!

What will be the lot size for a trader IF he states: "I am trading in OTC (half Lot or.50) of crude oil."

Correct! Wrong!

Correct answer:
500 Barrel

Forex Trading Test #5

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