THE BASICS
What is Forex, and when is it open?
Most widely trade market in the world. Open 5pm est Sunday, Closed 5pm est.
What’s the first thing you have to do before you trade?
Check the news
What is a bullish or bearish candle?
a bullish candle means its going up
a bearish candle means its going down
a ceiling is to a floor like _________ is to ________?
Resistance is to support
What’s a top down analysis?
starting from a higher time frame and then looking lower
What is a “pip”?
a unit of measurement
a __________ is when direction of a price trend has changed
Market Reversal
What HFX broker doesn’t allow roll overs?
Pocket option
“SRT’s” stand for?
Support, Resistance, and Trends
________ are one of a kind digital assets that can take the form of a GIF, tweet, & etc.
NFTs
What are the four trading sessions?
Sydney, Tokyo, London, and New York
When are FRX signals normally sent out?
In the morning. (6am-12pm)
How many pending orders are there, and name them all.
4, Buy limit, Buy stop, Sell limit, Sell stop.
you shouldn’t trade if you‘re having a bad ____.
day
The overlap between London and New York session is called a ___ ___
Kill Zone.
Its where 50% of all FX trades occur, also when the market is most volatile
What are the three types of analysis when it comes to trading?
Technical, Fundamental, and Sentimental.
How many product apps can you download and take signals from on your phone?
5 (HFX SWIPES, STEADY, SWIPECOIN, GOLDCUP, AND SWIPE TRADES)
What is my risk to reward, when my risk is 50 dollars, and my reward is 150
1:3
When is it too late to take a trade?
When the trade is already in profit.
Name 3 types of candlesticks charts
Bar Chart, Candlestick Chart, Heiken Aski Chart, Line Chart, Renko Chart, etc
If the first currency is stronger, the pair will go ____,
If the second currency is stronger, the pair will go ____,
stronger, up
weaker, up
Whats the formula to calculating how much money you can potentially profit or lose in the market?
pips x lotsize = profit or loss
How many ways is there to make money with an elite package?
14
What is NFP?
Non-farmers payroll
How much money a pip would I be investing on a 21.56 lot size
$215.6 a pip