Forex Trading Orders
Professional Development
•11 Qs
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Forex Trading Orders
Quiz
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Education
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Professional Development
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Practice Problem
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Hard
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a market order?
An order to buy or sell a currency pair at a specific price or better
An order to buy or sell a currency pair immediately at the best available price
An order to buy or sell a currency pair when it reaches a specific price level
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a limit order?
An order to buy or sell a currency pair at a specific price or better
An order to buy or sell a currency pair immediately at the best available price
An order to buy or sell a currency pair when it reaches a specific price level
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are buy limit orders placed in relation to the current market price?
Above the current market price
Below the current market price
At the current market price
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are sell limit orders placed in relation to the current market price?
Above the current market price
Below the current market price
At the current market price
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are stop orders used for?
To limit potential losses
To lock in profits
To enter the market in the direction of the current trend
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are buy stop orders placed in relation to the current market price?
Above the current market price
Below the current market price
At the current market price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where are sell stop orders placed in relation to the current market price?
Above the current market price
Below the current market price
At the current market price
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