Forex trading Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Forex trading? On this page you'll find 109 study documents about Forex trading.
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Forex (all answered)
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What is the FOREX market? correct answers The largest financial market in the world of foreign exchange. 
 
What is the trading volume of Forax throughout the day? correct answers Over $5 trillion a day. 
 
The Forex market is a _______ ________ _______ Market place meaning it is not centralized. correct answers Over the counter 
 
Who are the global market participants in the Forex market? There are four. correct answers 1. Governments and central banks 
2. Banks and financial institutions. 
3....
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FOREX Exam Questions with Complete Solutions 2024
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Currency Futures - ANSWER-contracts to buy or sell amounts of specified currency at some future date 
 
Currency Options - ANSWER-The option or the right, but not the obligation, to exchange a specific amount of currency on a specific future date and at a specific agreed-on rate 
 
Downside of Currency Options - ANSWER-limited hours and lower liquidity 
 
Currency ETFs(Exchange Traded Funds) - ANSWER-ETFs are created and managed by financial institutions who buy and hold currencies in a fund. Th...
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FOREX - Terminology & Trading Exam Questions with Correct Answers
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Lot Size - ANSWER-What traders use to determine how much money per pip one wants to make. 
 
To convert Lot Size into $$$ - 
Lot Size X 10 = Actual amount per Pip. 
 
Example: (Lot Size) 0.01 X 10 = $0.10 per Pip 
 
Pip - ANSWER-The smallest change in value for any given Forex source 
 
Entry point - ANSWER-The level or price at which a trader enters into a trade (buy/sell) 
 
Stop loss order - ANSWER-An order that you place with your FX broker and CFD Broker in order to sell a security when i...
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IML FOREX Basics 1-4 Exam Questions and Answers
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MAJOR PAIR - ANSWER-Any pair that contains the US Dollar is consider a ______________. 
 
USD/JPY - ANSWER-___________________ would be consider an major pair. 
 
CROSS PAIR - ANSWER-Any pair that does not contain the US dollar is considered an _____________________. 
 
AUD - ANSWER-Which is the base pair in AUD/CAD 
 
London - ANSWER-What is the largest trading currency trading center in the world? 
 
Commercial Banks - ANSWER-Who are the main stakeholders on the FOREX market? 
 
Spread - ANSWE...
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How to Make Money Trading Forex Complete Solutions
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How to Make Money Trading Forex - ANSWER-In the forex market, you buy or sell currencies. The object of forex trading is to exchange one currency for another in the expectation that the price will change. More specifically, that the currency you bought will increase in value compared to the one you sold. 
 
How to Make Money Trading Forex - ANSWER-*EUR 10,000 x 1.18 = US $11,800 
** EUR 10,000 x 1.25 = US $12,500 
For example, the EUR/USD exchange rate indicates how many euros can purchase one U...
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Chapter 2 What Is the Forex Market Exam Questions with Latest Update
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Note 1 - ANSWER-The foreign exchange market — most often called the forex market, or simply the FX market — is the largest and most liquid of all international financial markets. 
 
Note 2 - ANSWER-Forex market is open around the clock from Sunday evening ET to Friday 5 p.m. ET 
 
Note 3 - ANSWER-Average daily currency trading volumes are now estimated to $5.3 trillion per day, according to the 2016 BIS survey of forex volumes. That's a mind-boggling number, isn't it? $5,300,000,000,000, t...
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Forex Exam Questions and Answers
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FOREX - ANSWER-foreign exchange market 
 
Main Task of a Trader - ANSWER-To BUY a currency pair when exchange rates are expected to rise in the future, then SELL a currency pair when its exchange rate is expected to fall 
 
Majors (Currency Pairs) - ANSWER-Represent developed economies and are highly liquid with low spreads. They are stable and predictable in relation to other asset classes such as small cap equities and stocks. 
 
Major Currency Pairs include: - ANSWER-EUR/USD, GBP/USD , USD/JP...
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Chapter 5 The Foreign Exchange Market Exam Questions with Correct Answers
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Which of the following is NOT true regarding the market for foreign exchange? 
A) The market provides the physical and institutional structure through which the money of one country is exchanged for another. 
B) The rate of exchange is determined in the market. 
C) Foreign exchange transactions are physically completed in the foreign exchange market. 
D) All of the above are true. - ANSWER-D 
 
A/An ________ is an agreement between a buyer and seller that a fixed amount of one currency will be d...
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BABY PIPS- FOREX Exam Questions with Latest Update
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What are the most popular financial instruments for retail traders? - ANSWER-Retail forex, 
spot FX, currency futures, 
currency options, 
currency exchange-traded funds (or ETFs), 
forex CFDs, 
forex spread betting 
 
Define "financial instrument". - ANSWER-Financial instruments are different ways to invest or speculate in currencies. 
 
What are 'futures'? - ANSWER-contracts to buy or sell at a specific date in the future at a price specified today. 
 
details the price at which a curren...
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Forex Exam Questions with Complete Solutions
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Exchange Rate - ANSWER-Relative price of two currencies from two different countries 
 
Currency traders aka ___ - ANSWER-Currency speculators 
 
What is traded in forex - ANSWER-Money from each country 
 
What does forex show you - ANSWER-the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to other economies. 
 
Explain 3 letter currency symbols - ANSWER-the first two letters identify the name of the country and the third...
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