FOREX 101
A 7+ Trillion dollar market
What is "Forex"
Connecting your lower highs and your lower lows.
what is "Technical Analysis"
Smallest and most common session to trade
What is "Sydney session"
When you are going short, you are said to be...
What is Selling
If the price of $12.2600 increases by 3 points, how much would it be?
10 movements
What is Equivalent to 1 pip
The forex market is open 18 hours of the day, 3 days a week
The Market is open 24 hours, 5 days a week
the second official trading session
What is "Tokyo"
A bull market is when…
what is "When price is expected to rise."
When you are going long, you are said to be…
What is "Buying"
It increases your buying power
What's the advantage of trading on leverage?
What is traded in this particular market?
Currency pairs around the world are being traded.
CAD, USD pairs are the most traded.
What is "New York session"
Order placed above price and price then goes down
What is "Sell Limit"
A bear market is when…
What is "When price is expected to fall."
The two most lucrative markets are exchanging at the same time
What is "London and New York session"
Major currencies
What is pairs with the US dollar.
Liquidity and volume are at an ALL-TIME HIGH
What is "london session"
When using stop loss orders, investors are attempting to limit…
What is "Their losses."
An order that is placed to buy above the market or sell below the market at a certain price is called...
What is "Pending Order"
You should always base your stop loss order on…
What is:
"Market Environment"
"Your Trading Plan"
If you wanted to trade a $30,000 position, how much money will be set aside using a 100:1 leverage?
What is $300
Overlaps
What is
Sydney-Tokyo: 7pm-2am
Tokyo-London: 3am (the best overlap)
London-New York: 8am-11am
How many units are commonly in a micro lot?
What is "1,000"
Technical analysis is based on analysing...
What is "Price Movement and Volume"