Trading Quiz - 5

What is used margin?

• The amount of money refunded to keep your current position open.

• The amount of money available to keep new positions.

• The amount of money locked up to keep your current position open.

• The amount of money available to close new positions.

Manisha is contemplating her investment choices. Which one of the below matches its description?

• A

• B

• C

• D

Garrett opened 1 lot of EURUSD sell order with entry price of 1.2500.

Following the release of CPI data, EURUSD rose 10%.

What is his current profit or loss?

• -US$1,250

• US$1,250

• -US$12,500

• US$12,500

Kush opened a 0.37 lot of BUY position on GBPUSD at 1.3255.

He placed a TAKE PROFIT at 1.4050.

Latest price of GBPUSD skyrocketed to 1.4500.

What is the difference in profit between TAKE PROFIT price and latest price?

• 294.15 USD

• 2,941.50 USD

• 29.41 USD

• 2.94 USD

How do we determine an uptrend and its trendline?

• Higher highs and higher lows, connecting one major swings.

• Higher highs and higher lows, connecting at least two major swings.

• Higher highs and lower lows, connecting at least two major swings.

• Lower highs and higher lows, connecting at least two major swings.

Hanif has successfully registered with zfx.co.uk with a retail account.

For his first order, he decided to open 0.62 lot of GBPUSD at 1.2517.

What is the sum of required margin for the position?

(Ignoring variable leverage option that is available)

• 2,066 GBP

• 206 GBP

• 1,650 GBP

• 165 GBP

Duy placed a SELL LIMIT with execution price of 1.5030 on EURUSD for 25 micro lots.

He places TAKE PROFIT at 1.3200 while STOP LOSS at 1.6100.

What is his possible profit and loss based on the TAKE PROFIT and STOP LOSS above?

• A

• B

• C

• D

Momen opened a BUY position on EURUSD at 1.1379 for 5.7 mini lot.

He holds the position for a total of 3 nights.

What is his possible swap based on the swap rates below?

 

Swap long: 8.6506

Swap short: -5.1376

• -US$8.79

• US$8.79

• -US$14.80

• US$14.80

In what scenario will the candlestick pattern be formed?

• Initial aggressive buying before sellers pushes the price downwards.

• Forces of buyers and sellers are equal.

• Buyers overcome sellers initially before sellers overcome buyers at the end.

Which statement best describe an ascending channel?

• Price is moving in a higher highs and higher lows fashion.

• Narrowing ascending trading range.

• Price moves consistently between two parallel trendlines in an upward fashion.

• A sloping line on the chart which shows buying pressure.