Exam (elaborations) IML FOREX Basics 1-4 Exam Questions and Answers Exam (elaborations) How to Make Money Trading Forex Complete Solutions Exam (elaborations) FRX108-110 Trading View, when to trade, buy vs sell Exam Questions and Answers Exam (elaborations) Forex Trading "Pre-School" Exam Te...
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interbank market - ANSWER-Composed of the largest banks in the world, the participants of this market trade directly with each other ("bilaterally") or through voice or electronic brokers (such as EBS Market and Reuters Matching). retail traders - ANSWER-It used to be very hard for us little pe...
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Add to cartinterbank market - ANSWER-Composed of the largest banks in the world, the participants of this market trade directly with each other ("bilaterally") or through voice or electronic brokers (such as EBS Market and Reuters Matching). retail traders - ANSWER-It used to be very hard for us little pe...
1. All of the following are TRUE regarding international trade EXCEPT a. Countries experience a trade deficit when imports are greater than exports b. Net exports will increase when that country's currency depreciates c. Exports are considered a debit in a country's balance of trade d. The ba...
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Add to cart1. All of the following are TRUE regarding international trade EXCEPT a. Countries experience a trade deficit when imports are greater than exports b. Net exports will increase when that country's currency depreciates c. Exports are considered a debit in a country's balance of trade d. The ba...
1) The record of international receipts and payments is called the A) U.S. official reserves. B) current account. C) balance of payments. D) official settlements account. E) capital and financial account - ANSWER-C) balance of payments. 2) The balance of payments accounts reco...
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Add to cart1) The record of international receipts and payments is called the A) U.S. official reserves. B) current account. C) balance of payments. D) official settlements account. E) capital and financial account - ANSWER-C) balance of payments. 2) The balance of payments accounts reco...
Appreciating/Depreciating Currency - ANSWER-Appreciation of currency = an increase in the value of a currency relative to other currencies. Depreciation = a decrease in the value of a currency in relation to other currencies. ex. A US dollar becomes tantamount to 20 Mexican pesos. (depreciation ...
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Add to cartAppreciating/Depreciating Currency - ANSWER-Appreciation of currency = an increase in the value of a currency relative to other currencies. Depreciation = a decrease in the value of a currency in relation to other currencies. ex. A US dollar becomes tantamount to 20 Mexican pesos. (depreciation ...
functions of foreign exchange market - ANSWER--transfer purchasing power between countries -obtain/provide credit of international trade transactions -minimize exposure to the risks of exchange rate changes dimensions of foreign exchange market - ANSWER-1. structure 2. transactions 3. siz...
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Add to cartfunctions of foreign exchange market - ANSWER--transfer purchasing power between countries -obtain/provide credit of international trade transactions -minimize exposure to the risks of exchange rate changes dimensions of foreign exchange market - ANSWER-1. structure 2. transactions 3. siz...
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 w...
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Add to cartWhat 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 w...
What is the FOREX market? - ANSWER-Forex is short for foreign exchange. Forex is the exchange of one currency for another, at an agreed exchange price. Similar to the concept of stocks you want to buy a currency at one price and sell it at a higher price (or sell a currency at one price and buy it a...
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Add to cartWhat is the FOREX market? - ANSWER-Forex is short for foreign exchange. Forex is the exchange of one currency for another, at an agreed exchange price. Similar to the concept of stocks you want to buy a currency at one price and sell it at a higher price (or sell a currency at one price and buy it a...
What is Forex? - ANSWER-The global market that allows one to trade two currencies against each other. True of False: If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. - ANSWER-True. What is an Exchange Rate? - ANSWER-The relativ...
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Add to cartWhat is Forex? - ANSWER-The global market that allows one to trade two currencies against each other. True of False: If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. - ANSWER-True. What is an Exchange Rate? - ANSWER-The relativ...
Foreign-exchange market (FEM) - ANSWER-the market where one country's money is traded for that of another country Exchange rate - ANSWER-the price of one country's money in terms of another Spot market - ANSWER-where currencies are traded "on the spot", that is, for immediate delivery S...
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Add to cartForeign-exchange market (FEM) - ANSWER-the market where one country's money is traded for that of another country Exchange rate - ANSWER-the price of one country's money in terms of another Spot market - ANSWER-where currencies are traded "on the spot", that is, for immediate delivery S...
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 - ANSWE...
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Add to cartNote 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 - ANSWE...
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 ...
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Add to cartWhich 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 ...
Foreign Exchange (forex) Market - ANSWER-This promotes efficient cross-border trade by facilitating currency conversion. Also facilitates international investment and capital flows Foreign Exchange - ANSWER-This is a commodity consisting of currencies issued by countries other than one's own ...
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Add to cartForeign Exchange (forex) Market - ANSWER-This promotes efficient cross-border trade by facilitating currency conversion. Also facilitates international investment and capital flows Foreign Exchange - ANSWER-This is a commodity consisting of currencies issued by countries other than one's own ...
factors affecting currency value - ANSWER--balance of payment -interest rates -inflation -monetary and fiscal policy -international competitiveness -monetary reserves -gov controls and incentives -importance of currency in world -political party/leader philosophies -proximity of elections o...
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Add to cartfactors affecting currency value - ANSWER--balance of payment -interest rates -inflation -monetary and fiscal policy -international competitiveness -monetary reserves -gov controls and incentives -importance of currency in world -political party/leader philosophies -proximity of elections o...
The Foreign Exchange Market (FEM) - ANSWER-a market where one country's money (currency) is traded for that of another country. Global Banks - ANSWER-account for about two-thirds of the market volume, while Foreign Exchange Brokers and Dealers - ANSWER-account for approximately 20 percent ...
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Add to cartThe Foreign Exchange Market (FEM) - ANSWER-a market where one country's money (currency) is traded for that of another country. Global Banks - ANSWER-account for about two-thirds of the market volume, while Foreign Exchange Brokers and Dealers - ANSWER-account for approximately 20 percent ...
Foreign Exchange Market (FOREX) - ANSWER-A market for converting the currency of one country into that of another country Arbitrage - ANSWER-The process of buying a currency low and selling it high The U.S. Dollar - ANSWER-Which currency is a vehicle currency? The four main uses for FOREX m...
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Add to cartForeign Exchange Market (FOREX) - ANSWER-A market for converting the currency of one country into that of another country Arbitrage - ANSWER-The process of buying a currency low and selling it high The U.S. Dollar - ANSWER-Which currency is a vehicle currency? The four main uses for FOREX m...
Foreign Exchange Market - ANSWER-is the market for converting currency from one country into another country currency exchange rate - ANSWER-rate at which one currency is converted into another Foreign Exchange Market enables - ANSWER-1. conversion of currency 2. insures against foreign exchan...
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Add to cartForeign Exchange Market - ANSWER-is the market for converting currency from one country into another country currency exchange rate - ANSWER-rate at which one currency is converted into another Foreign Exchange Market enables - ANSWER-1. conversion of currency 2. insures against foreign exchan...
Good Bloomberg function? - ANSWER-ECTR = Trade flows between major countries FX24 = Shows the fx session chart, looking at currency pairs and show exchange rates around other countries during trading FXCA = Currency Conversion Calculator FXFC = FX forecasts FRD = Forward Calculator FXFM: FX rat...
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Add to cartGood Bloomberg function? - ANSWER-ECTR = Trade flows between major countries FX24 = Shows the fx session chart, looking at currency pairs and show exchange rates around other countries during trading FXCA = Currency Conversion Calculator FXFC = FX forecasts FRD = Forward Calculator FXFM: FX rat...
Lot Size - ANSWER-What traders use to determine how much money per pip one wants to make. To convert Lot Size into $$$ - Lot Size X 10 = Actual amount per Pip. Example: (Lot Size) 0.01 X 10 = $0.10 per Pip Pip - ANSWER-The smallest change in value for any given Forex source Entry poin...
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Add to cartLot Size - ANSWER-What traders use to determine how much money per pip one wants to make. To convert Lot Size into $$$ - 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 poin...
What is the Foreign Exchange Market aka Forex (FX or FRX)? - ANSWER-The exchange or buying and selling of foreign currencies. How much volume is generated in the Forex Market daily? - ANSWER-$5 trillion a day When does the Forex market open? - ANSWER-6:00am Sydney Australian Time Sunday. 14 ho...
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Add to cartWhat is the Foreign Exchange Market aka Forex (FX or FRX)? - ANSWER-The exchange or buying and selling of foreign currencies. How much volume is generated in the Forex Market daily? - ANSWER-$5 trillion a day When does the Forex market open? - ANSWER-6:00am Sydney Australian Time Sunday. 14 ho...
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 highl...
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Add to cartFOREX - 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 highl...
What is Forex and how is it quoted - ANSWER-*simultaneous exchanging of one currency for another *Currencies are always priced in pairs - Most currencies are quoted in European terms, ie amount of fx per $1 » The USD is the base currency (always $1) (the denominator) and the second is the co...
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Add to cartWhat is Forex and how is it quoted - ANSWER-*simultaneous exchanging of one currency for another *Currencies are always priced in pairs - Most currencies are quoted in European terms, ie amount of fx per $1 » The USD is the base currency (always $1) (the denominator) and the second is the co...
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 Curre...
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Add to cartCurrency 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 Curre...
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...
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Add to cartExchange 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...
The foreign exchange (forex) market is a global market that allows you to trade ONE currency pair against another currency pair. - ANSWER-Forex is a global, decentralized market that allows you to trade two currencies against each other. If you think one currency will be stronger versus the other, a...
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Add to cartThe foreign exchange (forex) market is a global market that allows you to trade ONE currency pair against another currency pair. - ANSWER-Forex is a global, decentralized market that allows you to trade two currencies against each other. If you think one currency will be stronger versus the other, a...
Who do not participate in the forex markets? - ANSWER-Agencies of federal and state governments and retirement plans When are the forex markets open? - ANSWER-5 PM EST Sunday to 5 PM EST Friday Rate that Fed charges to member banks to borrow to meet reserve reqs - ANSWER-Discount Rate The c...
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Add to cartWho do not participate in the forex markets? - ANSWER-Agencies of federal and state governments and retirement plans When are the forex markets open? - ANSWER-5 PM EST Sunday to 5 PM EST Friday Rate that Fed charges to member banks to borrow to meet reserve reqs - ANSWER-Discount Rate The c...
Bearish Symmetric Triangle - ANSWER-A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines, the lower one is ascending, the upper one is descending. The formation occurs because prices are reaching both lower highs and higher lows. Falling Wedge - ANSWER-The Falling Wedge i...
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Add to cartBearish Symmetric Triangle - ANSWER-A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines, the lower one is ascending, the upper one is descending. The formation occurs because prices are reaching both lower highs and higher lows. Falling Wedge - ANSWER-The Falling Wedge i...
What is the FOREX market? - ANSWER-The largest financial market in the world of foreign exchange. What is the trading volume of Forex throughout the day? - ANSWER-Over $5 trillion a day. The Forex market is a _______ ________ _______ Market place meaning it is not centralized. - ANSWER-Over th...
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Add to cartWhat is the FOREX market? - ANSWER-The largest financial market in the world of foreign exchange. What is the trading volume of Forex throughout the day? - ANSWER-Over $5 trillion a day. The Forex market is a _______ ________ _______ Market place meaning it is not centralized. - ANSWER-Over th...
Foreign Exchange Market - ANSWER-market in which individuals; firms and banks buy and sell foreign currencies or foreign exchange. reasons for participation in forex market - ANSWER-4: One of the principle reasons people desire foreign currencies is to purchase goods and services from another cou...
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Add to cartForeign Exchange Market - ANSWER-market in which individuals; firms and banks buy and sell foreign currencies or foreign exchange. reasons for participation in forex market - ANSWER-4: One of the principle reasons people desire foreign currencies is to purchase goods and services from another cou...
Forex - ANSWER-Foreign Exchange (FOREX) refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded. It is considered the largest and most liquid market in the world. Pair - ANSWER-A currency pair is the quotation and pricing st...
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Add to cartForex - ANSWER-Foreign Exchange (FOREX) refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded. It is considered the largest and most liquid market in the world. Pair - ANSWER-A currency pair is the quotation and pricing st...
Forex markets - ANSWER-The forex markets is the crossroads for international capital, the intersection through which global and investment flows have to move. Global financial investment flows dominate trade as the primary non speculative source of forex market volume. Forex market is a traders m...
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Add to cartForex markets - ANSWER-The forex markets is the crossroads for international capital, the intersection through which global and investment flows have to move. Global financial investment flows dominate trade as the primary non speculative source of forex market volume. Forex market is a traders m...
Bid-Ask Spread - ANSWER-the difference between the bid price and the asked price Support and Resistance Levels - ANSWER-Support and Resistance are two key levels that can be identified in the market. Support is where pending orders such as buy limits get filled. Which will cause the asset to ...
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Add to cartBid-Ask Spread - ANSWER-the difference between the bid price and the asked price Support and Resistance Levels - ANSWER-Support and Resistance are two key levels that can be identified in the market. Support is where pending orders such as buy limits get filled. Which will cause the asset to ...
How big is the foreign exchange market? - ANSWER-$5 Trillion What is the largest market in the world? - ANSWER-foreign exchange market How many letters do currency symbols have? - ANSWER-Three Which of the following is NOT a major currency pair? - ANSWER-EUR/GBP What type of market is fo...
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Add to cartHow big is the foreign exchange market? - ANSWER-$5 Trillion What is the largest market in the world? - ANSWER-foreign exchange market How many letters do currency symbols have? - ANSWER-Three Which of the following is NOT a major currency pair? - ANSWER-EUR/GBP What type of market is fo...
Forex trading - ANSWER-1. Simultaneous exchanging of one currency for another 2. No physical location or central exchange 24hr trading Customers - ANSWER-1. Corporation, hedge funds, mutual funds, pension funds, central banks 2. Trade with a dealer Dealers - ANSWER-1. Mostly large banks take...
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Add to cartForex trading - ANSWER-1. Simultaneous exchanging of one currency for another 2. No physical location or central exchange 24hr trading Customers - ANSWER-1. Corporation, hedge funds, mutual funds, pension funds, central banks 2. Trade with a dealer Dealers - ANSWER-1. Mostly large banks take...
How much money should you generally start with forex trading? - ANSWER-£250.00 what is the price of the currency a reflection of? - ANSWER-a reflection of what the market thinks about the current and future condition of a country's economy compared to other economies. what are the two main a...
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Add to cartHow much money should you generally start with forex trading? - ANSWER-£250.00 what is the price of the currency a reflection of? - ANSWER-a reflection of what the market thinks about the current and future condition of a country's economy compared to other economies. what are the two main a...
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 p...
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Add to cartWhat 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 p...
EUR - ANSWER-Euro USD - ANSWER-US dollar GBP - ANSWER-British pound JPY - ANSWER-Japanese yen CHF - ANSWER-Swiss Franc AUD - ANSWER-Australian dollar CAD - ANSWER-Canadian dollar NZD - ANSWER-New Zealand dollar 7 liquid pairs - ANSWER-EUR/USD , GBP/USD, USD/JPY, USD/CHF, AUD/...
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Add to cartEUR - ANSWER-Euro USD - ANSWER-US dollar GBP - ANSWER-British pound JPY - ANSWER-Japanese yen CHF - ANSWER-Swiss Franc AUD - ANSWER-Australian dollar CAD - ANSWER-Canadian dollar NZD - ANSWER-New Zealand dollar 7 liquid pairs - ANSWER-EUR/USD , GBP/USD, USD/JPY, USD/CHF, AUD/...
What is Forex? - ANSWER-The global market that allows the exchange of currency What allows you to make money in the forex exchange? - ANSWER-Changes in exchange rates What does Forex stand for? - ANSWER-Foreign Exchange Market What is the daily trade volume of forex? & What is the daily tra...
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Add to cartWhat is Forex? - ANSWER-The global market that allows the exchange of currency What allows you to make money in the forex exchange? - ANSWER-Changes in exchange rates What does Forex stand for? - ANSWER-Foreign Exchange Market What is the daily trade volume of forex? & What is the daily tra...
Trading view - ANSWER-Free, analysis, info, etc, chart markup. When to trade forex - ANSWER-4 sessions, market overlaps Sydney session - ANSWER-5pm-2am. Marks the start of the trading day, smallest and calmest session to trade, Tokyo session - ANSWER-7pm-4am. Starts the second trading sessi...
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Add to cartTrading view - ANSWER-Free, analysis, info, etc, chart markup. When to trade forex - ANSWER-4 sessions, market overlaps Sydney session - ANSWER-5pm-2am. Marks the start of the trading day, smallest and calmest session to trade, Tokyo session - ANSWER-7pm-4am. Starts the second trading sessi...
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 ...
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Add to cartHow 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 ...
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 bas...
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Add to cartMAJOR 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 bas...
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