SOPHOMORE QUIZ

If your position drops due to value and the broker closes your trade, this is known as which of the following?

If a trader is following news reports on a country’s economy, this type of analysis is fundamentals.

On a traditional Candlestick chart, a bullish candlestick means the market is going up. What color is a candlestick that has upward movement?

Borrowing from your broker to increase the money in your account for trading is called ________________.

Market Execution allows traders to buy or sell instantly at the current market price plus spread.

Margin is a portion of your funds that the broker sets aside to keep your trade open and cover potential loss.

The most commonly used chart type by FOREX traders is the _____________ .

When choosing a broker, why is a low spread important?

It is important to make sure that your chosen FOREX broker is registered and regulated by ____________________ to ensure compliance and reputation.

Analysis that uses price action, chart patterns, and indicators is called fundamental analysis.

What do you need before you can begin trading forex?

Traders are able to see price action for currency pairs over different timeframes ranging from 1 year to 1 minute.

The best way to prevent slippage at the entry point is to use a STOP type of order when entering a trade.

Top-Down Analysis allows you to look at the overall picture of a currency pair. Which timeframes are used in a Top-Down analysis?

Two methods of analyzing the FOREX market are ____________.