Answers to 67 frequently asked questions about forex trading.,Trading Articles
18/01/ · Q1: What is forex? A1: The term forex refers to the foreign exchange market, where traders buy and sell currency pairs in an attempt to make a profit. Q2: How do you start 26/06/ · Questions and Answers 1. What is STANDARD LOT size? A. 1 currency units B. 10 currency units C. currency units D. Depends on currency 2. In the currency 26/03/ · Who trades forex? Anybody with access to a computer or smartphone with an internet connection to a trading broker. Is forex trading real? Yes, forex trading is real. 05/06/ · Whichever you may be, below you’ll find answers to some of the top questions regarding currency trading and its practices. How Is The Foreign Exchange Marketplace Differ 21/03/ · Questions and Answers 1. A. Buying or selling the variable currency and profiting or losing on the variable currency B. Buying the base currency and profiting on the variable ... read more
Do take a look at the questions below and see if you are knowledgeable enough to tackle them all based on what you know about forex trading! Take Quizzes Animal Nutrition Love Relationship Computer Sports Society Business Geography Language Personality Harry Potter Movie Television Music Online Exam Health Country Art Entertainment Celebrity Math Game Book Fun Science Food History Education Assessment Create A Quiz. Quiz Maker Training Maker Survey Maker Flashcards Brain Games See All ProProfs.
Search Speak now. Education Animal Art Assessment Book Business Celebrity Computer Country Education Exam Food Fun Game Geography Health History Movie Music Personality Science Society Sports Television. FOREX Trading: Beginner Level Quiz! com Last updated: Mar 21, Total Attempts: Questions All questions 5 questions 6 questions 7 questions 8 questions 9 questions 10 questions 11 questions 12 questions 13 questions 14 questions 15 questions.
Feedback During the Quiz End of Quiz. Difficulty Sequential Easy First Hard First. Play as Quiz Flashcard. Questions and Answers. Buying or selling the variable currency and profiting or losing on the variable currency. Buying or selling the base currency and profiting or losing on the variable currency. If you open a sell pending order below the current market price your stop loss would be:. Related Topics. More Forex Quizzes. Forex Trading Quiz Questions And Answers. Now it's time for you to take these Forex trading quiz questions and answers and test your knowledge of Forex trading.
The quiz has a few questions that are designed in a way that not only tests you on the subject but also Questions: 15 Attempts: Last updated: Jun 26, Sample Question. Depends on currency.
Forex Technical Analysis Quiz! Forex technical analysis quizzes trivia. There are certain things you need to pay close attention to especially when it comes to forex trading before you decide on where to put in your money.
Technical analysis involves Questions: 10 Attempts: Last updated: Mar 22, Moving average. Gremlin pattern. The Ultimate Forex Trading Quiz!
It is legal in the US as long as your broker is regulated and is legal in most other countries. Just remember that the amount you make does depend on how much you invest. A The market opens at GMT on Monday and closes at GMT on Saturday.
A This is a personal decision, although beginners might want to start with major currency pairs like EURUSD, GBPUSD, and so on. A Some do, but there are many trustworthy options out there. A Many forex traders are simply regular people with smartphones or laptops.
A Leverage allows you to trade with much more money than what is actually in your trading account. A Many people rush into trading without proper education and lose their money quickly. This can be avoided if you educate yourself and start with a plan and realistic expectations. Try looking online for articles that outline some of the best brokers out there.
Different strategies call for a different amount of trades to be entered, so this varies widely. A You can trade 24 hours a day from Monday up until Friday night at midnight. A Your broker makes money by charging you commission fees and through the spreads that you pay when you make trades.
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Here is a collection of forex trading quiz questions with answers for you to test your forex trading skills. It ia advised to take the forex quiz below to test your forex knowledge before you start to trade. If you have already started, take it and make sure you know the basics of forex trading. Participate in this forex quiz and test your forex knowledge. This forex quiz test your skills in forex trading. Question: If inflation is low and a Central Bank is concerned about recession, what would the expected monetary policy response be?
Question: If inflation and growth are both high what would the expected monetary policy response be? Question: If a central bank raises interest rates, what affect if any is this expected to have on the currency of that country, all else being equal? Answer: If a central bank raises interest rates, the expected affect on the currency of that country would be to strengthen, that is, the currency of that country would become more expensive with respect to its trading partners.
Question: If a central bank lowers interest rates, what affect if any is this expected to have on the currency of that country, all else being equal? Answer: If a central bank lowers interest rates, the expected affect on the currency of that country would be to weaken, that is, the currency of that country would become less expensive with respect to its trading partners.
Answer: In the case that imports grow, other trade and capital flows remaining constant, the current account deficit would increase, and as a result the currency would decrease in value with respect to trading partners.
Answer: In the case that exports grow, other trade and capital flows remaining constant, the current account would become more positive, and as a result the currency would increase in value.
Question: Japan is a major importer of oil and Canada is a major exporter of oil. That is, the number of JPY per CAD would increase, meaning that the JPY would lose value with respect to the CAD. Question: Traders who follow US Dollar fundamentals pay particular attention to any numbers which reflect the overall health of the consumer.
Answer: Traders pay particular attention to numbers which reflect the overall health of the consumer because this is a good leading indicator to the overall health of the USD, the US economy, and the attractiveness of the USD with respect to other currencies.
Question: The US Economy in the past was referred to as an Industrial Economy, now it is referred to more as which economy? Answer: A blendid economy, an economy with elements of capitalism, and government-controlled elements such as education, highways, military. Skip to Content Home Search News Glossary Ask a Question. Home Categories General Knowledge Quiz. Forex Trading Quiz Questions and Answers Participate in this forex quiz and test your forex knowledge. Answer: The expected monetary policy response would be to lower interest rates.
Answer: The expected monetary policy response would be to raise interest rates. Why this article wasn't helpful? I didn't find my answer The answer was not clear enough Other. Provide your reason.
FOREX Trading Quiz Questions And Answers,Discover Great Content
05/06/ · Whichever you may be, below you’ll find answers to some of the top questions regarding currency trading and its practices. How Is The Foreign Exchange Marketplace Differ 21/03/ · Questions and Answers 1. A. Buying or selling the variable currency and profiting or losing on the variable currency B. Buying the base currency and profiting on the variable 18/01/ · Q1: What is forex? A1: The term forex refers to the foreign exchange market, where traders buy and sell currency pairs in an attempt to make a profit. Q2: How do you start Changes in Foreign Currency Transaction Rates. View Quiz. Bretton Woods System. View Quiz. Floating Exchange Rate. View Quiz. Hedging Transactions to Manage Foreign Currency Foreign exchange market MCQ Question 1 Download Solution PDF In which year did the companies IBM and Coca Cola shut down their operations for not being able to comply with 26/03/ · Who trades forex? Anybody with access to a computer or smartphone with an internet connection to a trading broker. Is forex trading real? Yes, forex trading is real. ... read more
Additional Information. Does Forex trading really make money? By continuing to use the site, you agree to the use of cookies. When the immediate exercise of an option yields positive value to its holder D. European option III. Dealers accept market risk by being the contra party to the investing trade. Home Business Finance Foreign exchange market Download Foreign exchange market MCQs Free PDF.
You can invest any time in the forex trading. Additionally, binary options offer fixed profits and lossesbut Forex returns depend on the market and your investment entirely, forex multiple choice questions. For instance, USD pairs are more liquid because they are traded more frequently, and thus the time before a position can be close is much lower. Forex Trading Ultimate Quiz! Skip to Content Home Search News Glossary Ask a Question. Let us go for this test!
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