Forex Prop Reviews Quiz number 5!

It’s Friday and we have prepared yet another weekly quiz for our community, where anyone can test their general trading knowledge. The quiz consists of 15 questions where you must choose the correct answer.

Results

#1. What time does the Tokyo session start in late November?

7:00 PM EST

Neither answer is correct

Both answers are correct

12:00 AM GMT

#2. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movement?

Technical analysis

Fundamental analysis

Sentimental analysis

#3. Which currency pair does ‘’Ninja’’ stand for?

USD/CHF

USD/CAD

USD/JPY

#4. What is the difference between the bid and the ask price called?

Spread

Leverage

Margin

#5. Liquidity is lower when there are more people participating in the markets?

False

True

#6. Long-term traders usually focus on what time frames?

1 minute and 5-minute charts.

1 hour and 4-hour charts

daily and weekly charts

#7. Which is one of the characteristics of the London session?

High barriers to entry

High spreads

High volatility

High transaction costs

#8. What does a 5:1 reward-to-risk ratio mean?

If you risk $250 you can lose $1250.

You stand to win $5,000 if you risk $25,000.

If you risk $350 you have a chance of winning $1,750.

#9. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

$300

$3,000

$1,000

#10. What is the term used to describe trading with borrowed capital?

Options Trading

Profitable Trading

Margin Trading

#11. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movements?

Technical analysis

Fundamental analysis

Sentimental analysis

#12. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

Cross-Currency Pair

Exotic Currency Pair

Major Currency Pair

#13. Which day of the week has the largest potential for reversals?

Wednesday

Sunday

Friday

Monday

#14. Multiple time frame analysis is simply the process of looking at ___.

One currency against its different counterparts

A single pair or market on different time frames

Different pairs on the same time frame

#15. Which currency pair does ‘’Yuppy’’ stand for?

GBP/JPY

EUR/JPY

USD/JPY

Finish

Additionally, for anyone who is looking to start trading and doesn’t have the capital to do so. You can check our post about what working for a prop firm looks like.

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Forex Prop Reviews Quiz number 5!

Results

#1. What time does the Tokyo session start in late November?

#2. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movement?

#3. Which currency pair does ‘’Ninja’’ stand for?

#4. What is the difference between the bid and the ask price called?

#5. Liquidity is lower when there are more people participating in the markets?

#6. Long-term traders usually focus on what time frames?

#7. Which is one of the characteristics of the London session?

#8. What does a 5:1 reward-to-risk ratio mean?

#9. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

#10. What is the term used to describe trading with borrowed capital?

#11. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movements?

#12. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

#13. Which day of the week has the largest potential for reversals?

#14. Multiple time frame analysis is simply the process of looking at ___.

#15. Which currency pair does ‘’Yuppy’’ stand for?

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Forex Prop Reviews Quiz number 5!

Results

#1. What time does the Tokyo session start in late November?

#2. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movement?

#3. Which currency pair does ‘’Ninja’’ stand for?

#4. What is the difference between the bid and the ask price called?

#5. Liquidity is lower when there are more people participating in the markets?

#6. Long-term traders usually focus on what time frames?

#7. Which is one of the characteristics of the London session?

#8. What does a 5:1 reward-to-risk ratio mean?

#9. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

#10. What is the term used to describe trading with borrowed capital?

#11. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movements?

#12. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

#13. Which day of the week has the largest potential for reversals?

#14. Multiple time frame analysis is simply the process of looking at ___.

#15. Which currency pair does ‘’Yuppy’’ stand for?

Leave a Reply Cancel reply

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