FOREX

What does "Forex" stand for?

• Foreign Exchange

• Forex Exchange Rates

• Future Options for Exchange

• Foreign External Rates

What is a currency pair?

• A pair of stocks traded simultaneously

• A pair of currencies traded in the forex market

• A pair of options contracts

• A pair of commodities

What does the term "pip" mean in forex trading?

• The smallest price move in a currency pair

• The total profit from a trade

• A type of trading strategy
  
  

• The commission fee charged by brokers

What is leverage in forex trading?

• The ability to borrow money to increase the size of a trade

• The amount of profit made on a trade
  
  

• The amount of loss allowed before closing a position
  
  

• The time it takes to execute a trade

How many times does Softwirelex Free Tech Workshop hold in a year?

•   Once

• Twice

•   Thrice

• None of the above

What version is Softwirelex Free Tech Workshop 2024?

• 4.2

• 4.1

• 4.0

• 5.0

What is a "stop-loss order"?

• An order to buy a currency pair at the market price

• An order to close a trade at a specific price to limit potential losses

• An order to sell a currency pair at the market price

• An order to take profits at a predetermined level

What is fundamental analysis in forex trading?

• Analyzing historical price movements

• Studying economic indicators, news, and events to predict currency movements

• Using technical indicators to forecast future price movements

• Evaluating the performance of trading strategies

Who are the sponsors Softwirelex Free Tech Workshop?

• Softwirelex Limited and Apapa Local Government

• Softwirelex Limited and Softlearn Academy

• Apapa Local Government and Softlearn Academy

• All of the above

Who is the CEO of Softwirelex Limited?

• Akinwale Noah

• Akinwale Jonah

• Adewale Noah

• Adewale Jonah