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Who wants to be a Forex trader?

Total questions: 30

Worksheet time: 13mins

Name
Class
Date
1.

In the abbreviation “HFX”, what does the “F” stand for?

a)

Friends

b)

Forex

c)

Frequency

d)

Fluctuate

2.

Which of these is NOT a trading session?

a)

London

b)

Sydney

c)

Beijing

d)

New York

3.

A "PIP" stands for Point in (a)  

4.

A MINI lot size =

a)

0.001

b)

0.01

c)

0.10

d)

1.00

5.

Which one of these is a buy limit?

a)
b)
c)
d)
6.

BID VS ASK - SPREAD. Which one is the higher price?

a)

Bid

b)

Ask

7.

What are the 3 types of Analysis?

a)

Technical, Functional, Sentimental

b)

Forex, Functional, Sentimental

c)

Technical, Fundamental, Sentimental

d)

Trailing, Fun kick back, Serious

8.

On MT4, what represents the money you have available in your account to trade with?

a)

Balance

b)

Equity

c)

Free Margin

d)

Margin level

9.

What can the Fibonacci tool be used for?

a)

To measure exact pips

b)

Crypto analysis only

c)

Support and Resistance

d)

Consolidation

10.

Do you keep a trading journal?

a)

What's that?

b)

Of course!

c)

Nah I don't lose

d)

I need to start one ASAP

11.

In Market Timing... Which is the strongest time for a reversal?

a)

Every 10 mins

b)

Every 1 hour

c)

Every 45 mins

d)

Every 30 mins

12.

Who created Bollinger Bands?

a)

Chris Terry

b)

Steve Bollinger

c)

Brian Bollinger

d)

John Bollinger

13.

What does an NFT stand for? (Hint: Orlando's Crypto zoom call + DCX Package).

(a)  

14.

How much did this NFT sell for?

a)

$500,000

b)

$750

c)

$2.5 Million

d)

$7.5 Million

15.

Which Forex strategy only consists of 2x EMA's and the MACD?

a)

Cashtrap

b)

4/50

c)

Alligator

d)

Simple scalper

16.

If bullish means price is going up, then (a)   means price is going down.

17.

In HFX, how much percentage do we aim to make per day according to proper risk management and the compound plan?

a)

4%

b)

The limit does not exist

c)

8%

d)

12%

18.

With HFX, how much % does the broker take of the money you've put in when you ROLLOVER?

a)

15%

b)

20%

c)

25%

d)

30%

19.

When checking Forex factory...


Which colour folder do educators advise that you NOT trade on for the day?

(a)  

20.

These are examples of a _______ ___________ candlestick pattern.

a)

Bearish engulfing

b)

Bullish engulfing

c)

Doji trend

d)

Gravestone reversal

21.

What kind of candlestick is this?

a)

Bearish

b)

Bullish

c)

Consolidating

d)

Doji

22.

What type of Doji candle stick is this called?

a)

Sword

b)

Butterfly

c)

Dragonfly

d)

Gravestone

23.

What does FOMO trading mean?

a)

Successful trading

b)

Over leveraging trading

c)

The fear of missing out and jumping in on a trade on a bad Entry Point

d)

Fearing you won’t win the trade, so not entering in any trades for the day.

24.

Which GOAT 🐐 hit p5000 yesterday? 🤔

a)

Noelle Trimbelle

b)

Genevieve Perez

c)

Jesse Raroa-Ward

d)

Blake Green

25.

In HFX, for our EP we focus on the last _ digits of price.

a)

2

b)

3

c)

4

d)

7

26.

What is a FAKEOUT in trading terms?

a)

When the market closes for the weekend

b)

When price temporarily goes out of the trend/consolidation to manipulate the market, then returns to its normal movement

c)

When someone is acting fake to you whilst your trading

d)

When the market fakes 6-7 movements and goes the opposite direction of the trend

27.

What type of trader am I? I take 2-3 trades every few weeks and I hold them for months to catch more pips.

(a)  

28.

What type of trader am I?


I take multiple trades in a short period of time.

(a)  

29.

True or False. Binary Options is an offshore broker?

a)

True

b)

False

30.

IM Academy offers 5 main packages. FRX, HFX, DCX, ELITE and _ _ _ Which one is missing?

(a)