Forex-trading-test

Forex IQ. Take this quiz to see how much you know about the Forex market and where you can improve!

After about half an hour the trade is very close to your stop loss, but you have a feeling the price will still make a turn for the better. C Lose sight of the actual price development. Liquidity in the Cryptocurrency Markets One of the biggest issues that you will run into when it comes to trading cryptocurrencies is going to be the lack of liquidity at times.

Forex Quiz

Forex Factory is for professional foreign-exchange traders. Its mission is to keep traders connected to the markets, and to each other, in ways that positively influence their trading results.

You have set your stop loss at 30 pips. After about half an hour the trade is very close to your stop loss, but you have a feeling the price will still make a turn for the better. What do you do? A A successful trader trades on instinct.

Listen to your gut and move that stop loss down to give the trade more room. B See if there are news events supporting your gut feeling. If so, move up the stop loss. If not, only move the stop loss if your gut feeling is unchanged. D Open a second trade, with the same target as the first. Leave the stop loss of the first trade unchanged.

Question 8 What is more important, a good exit strategy or a good entry strategy? A Chase the breakout when your stop loss is triggered. B Use stop losses that are too tight. C Lose sight of the actual price development. D Put on a trend trade with another currency pair. A Never risk more than 10 percent of your trading capital. B Never risk more than 20 percent of your trading capital.

C To have at least 10 times the trading capital needed to produce 1 winning trade on average. D To have at least 20 times the trading capital needed to produce 1 winning trade on average.

You can find the complete forex quiz, comprised of 60 questions and detailed explanations of the answers, in Forex for Ambitious Beginners.

Available at Amazon and other stores. Question 1 How are currencies being traded? Question 4 When is the forex market open? Question 5 Most forex trading takes place in: With this being the case, taking profit from a trade is without a doubt the Simply put, a stop loss is in order that you put What is a Contingent Order and How It Benefits The Traders Traders can enter the market in several different ways, and contingent orders tend to be one of the favorite.

The contention order is simply in order that is triggered if Different Types of Orders in The Financial Market Traders can enter the market in several different ways, and contingent orders tend to be one of the favorite. A few thoughts about online trading robots There are a multitude of places to find trading robots. A few thoughts about online trading robots. This is quite often looked at as a smoothing mechanism, and deviation from that average can often lead The financial markets tend to have average pricing over the longer term.

This is quite often looked at as a smoothing mechanism, and deviation from that average can often lead. Simple 3 Candle Strategy: The basis of the strategy is that once 3 candles form in the same direction, momentum is starting One of the simplest strategies that traders will use is a 3-candle strategy.

The basis of the strategy is that once 3 candles form in the same direction, momentum is. By using the Daily Breakout System, this ensures that you should be with the One of the easiest ways to train the financial markets is to go with the trend. By using the Daily Breakout System, this ensures that you should be with the.

Trading with Rectangle Break Strategy One of the most common patterns that you will see on a training chart is the rectangle. The rectangle is essentially a simple consolidation pattern where you have obvious support Trading with Rectangle Break Strategy August 3, 0 0. One of the most common patterns that you will see on a training chart is the rectangle.

The rectangle is essentially a simple consolidation pattern where you have obvious support. Mean reversion using Bollinger Bands Strategy August 3, 0 0. In this video, I look at an indicator called the Bollinger Bands. The Trading System is a simple use of a zigzag pattern in pricing to enter the The Trading System is a simple use of a zigzag pattern in pricing to enter the. Trend Following Strategy — Using An Exponential Moving Average Trend following can be done in several there are ways, but in this video I am looking at the exponential moving average.

The difference between the exponential moving average and Trend following can be done in several there are ways, but in this video I am looking at the exponential moving average. The difference between the exponential moving average and. That being the case, the That being the case, the market.

Read our review of the brokers and find out which is the best forex broker for you. This has been brought about by an obvious need to expand the ability of the crypto currency to be used.

What is Bitcoin Cash — Cryptocurrency. It is based upon Bitcoin software, but it has a two-tiered network that increases speed and anonymity. What is Dogecoin Cryptocurrency Dogecoin is yet another cryptocurrency out there utilizing a block chain. While nobody knows the overall winner of the cryptocurrency battles down the road, one thing is for sure that What is Dogecoin Cryptocurrency.