Forex Trading Test 6

Question 1

Define the forex trading?

Accepted Answer

All of the above

Answer

Forex trading means one currency bought or sold against another currency.

Answer

Forex trading means where currency pairs are traded.

Answer

Forex trading means buying or selling currency.

Question 2

Another confirmation can be obtained using the Fibonacci Retracement Tool.

Accepted Answer

True

Answer

False

Question 3

When a trader retains an open position for more than 24 hours, does the futures contract in question incur rollover interest?

Accepted Answer

False

Answer

True

Question 4

True/False: Only trades made during the New York session are provided by the Harmonic Scanner and the Bounceback Tool.

Accepted Answer

False

Answer

True

Question 5

What virtues do successful traders possess?

Accepted Answer

They stick to a well developed Trading plan

Answer

They stick to "Revenge trading"

Question 6

What are currency pairs that are indirect?

Accepted Answer

When base currency is USD

Answer

When quoted currency is USD

Answer

When base currency is GBP

Answer

None of the above

Question 7

When did governments in affluent nations stop controlling the FX market?

Accepted Answer

1973

Answer

1981

Answer

1985

Answer

1990

Question 8

A trader Bought GBP/AUD @ 1.8890   and Sell 1.8940  calculate p&l in USD? AUD/USD = 0.7860

Accepted Answer

$393

Answer

$500

Answer

$500

Answer

$450

Question 9

Trader Bought 2 Standard Lot of Gold Comex @1150 and sold 2 Lots @1154 calculate P& L?

Accepted Answer

$800

Answer

$400

Answer

$700

Answer

$600

Question 10

What three types of analysis are there?

Accepted Answer

Sentimental

Answer

Neurological

Answer

Factual