Forex vocabulary
History forex
Candlestick formation
Pip calculation
Signals
100
Name the worlds largest financial market.
What is the foreign exchange market?
100
Who are the 5 participants in the Forex Market?
Who are 1. the market makers (commercial banks) 2. central banks 3. MCNs- international companies 4. fund managers (hedge funds and brokers) 5. Retail traders, like us
100
Name the three parts of the bullish candle stick.
What is the opening price, body, and closing price.
100
Pip stands for
Price Interest Point
100
Given the following signal- is it a BUY or a SELL?
BTCUSD
EP= 9300
SL= 9100
TP= 9700
What is a buy?
200
Define a Lot Size
What is the amount of money you risk per pip
200
The 4 international sessions traders trade during?
What are the Sydney, Tokyo, London and New York sessions?
200
This candlestick formation shown by the bottom red arrow.
What is the bullish pin bar/hammer?
200
State what are pips used for.
What is.. Measuring the forex market. (risk management, take profits, entries, analysis)
200
Given the following signal- is it a BUY or a SELL?
EUR/AUD
Entry= 1.65050
SL= 1.66050
TP= 1.63850
What is a sell?
300
Define Support
What is a price that the market struggles to go below?
300
Name of the first trading system that exchanged goods and services were exchanged, instead of currency?
What is the bartering system?
300
This Candlestick shows the equality and indecision of the market, can be found at the bottom or top of a trend and is a sign of reversal of prior trend.
What is a Doji?
300
Your entry point on GBPJPY is 137.650 Your stop loss is 137.200 How many pips are you risking?
45 pips
300
Name the Forex Orders below top to bottom
What is a buy stop and a sell stop?
400
Define Spread
Whats the difference between current market price and the price you broker gives you when entering a trade?
400
Three examples of Exotic Currencies
What are the Mexican Peso, the Hong Kong Dollar, and the South African Rand?
400
Name the candlestick formation(s) highlighted in yellow
What is the Harami pattern? (Bullish inside bar/Bearish inside bar)
400
Name two things that vary broker to broker?
Pip Calculation, currencies, minimum deposit, spread. (any two of these work)
400
You just received the following signal with special instruction. We are expecting the market to drop down, hit the Entry price and then shoot up.
Instead of market execution, how do we put in this trade?
GBPUSD
EP= 1.23700
TP= 1.24500
SL= 1.23250
What is BUY LIMIT?
500
Define Imbalance
What are Large quick movements in the market. (Big Candlesticks)?
500
In what year did the world see the introduction of the first online currency system?
What is the year 1994?
500
In order identify all the formations highlighted in grey. (Only the first two)
What is the shooting star, evening star, Harami?
Thanks for playing!! 
500
How much money am I risking on this trade?
EURUSD BUY
Lot Size 0.05
EP: 1.09600
SL: 1.09200
What is $20 dollars?
400*0.05=$20
500
If the following signal came through and hit TP1 but you inserted TP2, the trade is still active what should you change your SL to in order to break even?
XRPUSD
EP= .2270
SL= .2210
TP1= .2330
TP2= .2400
What is your point of entry (EP)?
(depending on where you were able to enter the trade)
GOOD JOB!