Fundamental Notions (Introduction part II) 23 Created on June 20, 2023 By Over1251 Fundamental Notions (Introduction part II) 1 / 10 What does it indicate when you go long? You bought more than you could afford. You purchased the base currency with the expectation that it will rise in value. You have profited from your open position. You have completed your entire position. 2 / 10 What does having a SHORT position mean? You purchased the base currency and sold it for the counter currency. You sold the base currency and purchased the counter currency. You have suffered a loss on a trade. You expect that the base currency will fall in value. 3 / 10 What exactly is PIP? A price fluctuation of 100 points A price fluctuation of fewer than ten points The smallest price movement of a currency A one-cent change in the USD pricing 4 / 10 If price moves from 1.0850 to 1.0851, the numbers of pips covered are equal to? 0.00001 pips 51 pips 1 pip 1.0851 pips 5 / 10 What do you call this pricing pattern? Diamant Head & Shoulders Double top Double bottom 6 / 10 The forex market opens on____ and _____ Sunday in Sydney at 10:00PM (GMT) and closes on Friday 10:00PM (GMT) in New York Monday in Tokyo at 12:00AM GMT and closes Friday 10:00PM in New York Monday in London and close on Friday in Germany Sunday in Sydney and closes on Friday in London 7 / 10 The forex market sessions overlap as follows Sydney, Tokyo, Frankfurt, London and New York Tokyo, Frankfurt, Sydney, New York and London New York, London, Frankfurt, Sydney and Tokyo London, Frankfurt, New York, Tokyo and Sydney 8 / 10 Who among players does not participate in the currency market? Brokers include central bank and the government. Corporations and interbanks Individual investors and brokers Managers, salespeople, and vendors 9 / 10 What are the three different kinds of forex charts? Line Chart, Bar Chart, and Candlestick Chart Candlestick Pattern, Chart Pattern, Harmonic Pattern Scatter Chart, Pie Chart and Pivot Chart Line Chart, Bar Chart and Scatter Chart 10 / 10 If you start a trade and the price moves in the other way immediately after you enter and reaches your stop loss You have made a loss You've had horrible luck You should make a different deal You should quit trading Your score isThe average score is 67% LinkedIn Facebook VKontakte 0% Restart quiz
