Forex Trading Exam Test Guide
Questions and Answers
What is the FOREX market? - ANSWER-Online exchange or buying and selling for all
foreign currency pairs around the world
How can you make money in the Forex market? - ANSWER-You can choose to buy or
sell currencies and if you forecast the move correctly, you can make a profit
What is a major pair? - ANSWER-Currency pairs where one currency is the US dollar.
(USDJPY, EURUSD)
What is a minor pair? - ANSWER-Currency pairs that don't involve the US dollar
What are examples of some Exotic currencies? - ANSWER-MXN, ZAR, HKD
Other than currencies, what else can be traded? - ANSWER-commodities, stocks,
cryptocurrencies
What was the evolution in systems that eventually created the Foreign Exchange
Market? - ANSWER-Bartering, Commodity, Coinage, Paper Money, Foreign Exchange
Market
How much volume is generated in the Forex Market daily? - ANSWER-$5 Trillion a day
When does the Forex market open? - ANSWER-6AM Sydney Australian Time Sunday
Who are the market participants? - ANSWER-Commercial Banks aka Market makers,
Central Banks, International Companies, Fund managers like hedge funds and Forex
Brokers, Retail Traders.
What are the four major training sessions? - ANSWER-Sydney, Tokyo, London, New
York
What two sessions make up the Asian Session? - ANSWER-Sydney, Tokyo
How can you make money in the forex market? - ANSWER-buying and selling
How do you make money if you buy? - ANSWER-when the market goes up
How do you make money if you sell? - ANSWER-when the market goes down
What does "long" mean? - ANSWER-The market is going to uptrend, go up.
Questions and Answers
What is the FOREX market? - ANSWER-Online exchange or buying and selling for all
foreign currency pairs around the world
How can you make money in the Forex market? - ANSWER-You can choose to buy or
sell currencies and if you forecast the move correctly, you can make a profit
What is a major pair? - ANSWER-Currency pairs where one currency is the US dollar.
(USDJPY, EURUSD)
What is a minor pair? - ANSWER-Currency pairs that don't involve the US dollar
What are examples of some Exotic currencies? - ANSWER-MXN, ZAR, HKD
Other than currencies, what else can be traded? - ANSWER-commodities, stocks,
cryptocurrencies
What was the evolution in systems that eventually created the Foreign Exchange
Market? - ANSWER-Bartering, Commodity, Coinage, Paper Money, Foreign Exchange
Market
How much volume is generated in the Forex Market daily? - ANSWER-$5 Trillion a day
When does the Forex market open? - ANSWER-6AM Sydney Australian Time Sunday
Who are the market participants? - ANSWER-Commercial Banks aka Market makers,
Central Banks, International Companies, Fund managers like hedge funds and Forex
Brokers, Retail Traders.
What are the four major training sessions? - ANSWER-Sydney, Tokyo, London, New
York
What two sessions make up the Asian Session? - ANSWER-Sydney, Tokyo
How can you make money in the forex market? - ANSWER-buying and selling
How do you make money if you buy? - ANSWER-when the market goes up
How do you make money if you sell? - ANSWER-when the market goes down
What does "long" mean? - ANSWER-The market is going to uptrend, go up.
