BASICS
Forex is short for
What is the Foreign Exhange?
Three types of Analysis
What is fundamental, Technical and sentimental analysis?
Three point(minimum) line contact going up/down diagonally
What is a trend line?
What three products come with the HFX Package ?
What is simple scalper, pick pocket, and webslinger?
What product comes with the FRX package ?
Things that are traded in the forex market
(correct terms only ; 3 terms)
What is currencies, commodities, and cryptocurrencies?
Analysis based off of chart markups
What is technical analysis
Connecting lower highs with higher highs
What is an uptrend ?
The middlemen between traders and the intermarket ?
What is a Broker?
what is the lot size and Price Per Pip
Micro lot
Mini lot
Full standard
what is micro lot : .01|$0.10/pip
Mini lot : .10| $1.00/pip
Full Standard: 10 | $10.00/pip
Market Participants (3 minimum) (correct terms)
what is major banks, small banks, electronic brokering services, retail market makers, retail traders, hedge funds, retail ECNs, commercial companies, medium sized banks.
This tool is used to find entries on retracements/ pullbacks
What is Fibonacci?
When the market goes up/down, then moves back to the trend line
What is a Pullback?
Forex Order types
What is market execution and pending order execution?
The pay brokers receive from you
What is a spread ?
what is 1994?
Analysis based on how you feel; what you think is going to happen
What is sentimental anaysis?
Key difference between a fakeout and a breakout
What is temporary bank manipulation?
What to look for in a broker ? (4)
What is location, regulations, crypto/currency pairs available, spreads, solid customer support?
software that allows the trader to interact with the financial markets and identify market movements
What is a trading Platform?
the first listed currency of a currency pair is called the base currency, the second currency is called the _____
What is a Quote Currency ?
The best forms of analysis to utilize while trading
What is fundamental and technical analysis?
taking multiple trades in a short period of time
what is Scalping ?
Currency you are buying when you execute the trade
What is a base currency?
Who invented paper money?
who are the Chinese?