Forex Trading Orders

Forex Trading Orders

Professional Development

11 Qs

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Forex Trading Orders

Forex Trading Orders

Assessment

Quiz

Education

Professional Development

Practice Problem

Hard

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11 questions

Show all answers

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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