IML FOREX Basics 1-4 Exam Questions and Answers

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 - ANSWER-The _____________ is the difference between the ask price and the bid price. EURSUD - ANSWER-What is the most traded pair on the FOREX market? Candlesticks - ANSWER-___________________ measures price fluctuation against time. buy stop - ANSWER-A _____________ is a buy at price above current price. sell stop - ANSWER-A ______________ is a sell at price below current price. sell - ANSWER-If you were to go short on AUD/USD you would place a ___________ order. buy - ANSWER-Going long on USD/JPY you would be placing a ______________ order. PIP - ANSWER-________________ is the change in price of the exchange rate. 1. Technical 2. Sentimental 3. Fundamental - ANSWER-What are the three types of Forex analysis? sentiment analysis - ANSWER-_________________ is trading based on other people's perceptions of the market.