Worksheets[Retake] Trading Quiz - 2
Total questions: 10
Worksheet time: 20mins
What is the account type that Manisha has based on the information below?
1. She noticed the minimum spread is 1.5
2. The maximum leverage that Manisha will be able to trade is 1:2000
3. The minimum trade size is 0.1
Cent
Mini
STP
ECN
Which of the following description is not accurate with regards to central bank?
Sets monetary and fiscal policy.
Regulate and governs financial institutions.
Ensure economic stability.
Adjusts interest rates.
Which description below best describes hyperinflation?
US yearly price of goods rose 9.0% as the country recovers from coronavirus.
Japan records progressively lower price of goods as time goes by during 1991 to 2002.
During the end war, Malaya (now Malaysia) recorded price of goods going up more than 40x in a month.
Unofficial source announced that North Korea's price of rice rose 5% throughout the year of 1982.
Pikaa placed an 1.7 lot of BUY order on EURGBP.
The trade as been held for the past 2 weeks but it has yet to generate any profit.
Upon re-analyzing EURGBP, she found the following characteristic on its trend:
1. It peaks at similar resistance level.
2. She is able to draw an upward trendline.
Which chart pattern is the most suitable for the description above?
Ascending triangle
Rising wedges
Double bottom
Descending triangle
Willy was searching for trading opportunity and he stumbled upon Nasdaq.
He recognizes the chart pattern but was unable to recall its name.
Based on the image provided, which chart pattern listed below most accurately describe it?
Double top
Head and shoulder
Double bottom
Symmertical triangle
Hanif has recently opened an account with ZFX and deposited $15,000. The leverage was preset at 1:100.
He opened the following orders:
0.05 BUY order on EURUSD at 1.01090
0.07 SELL order on USDJPY at 110.920
0.12 BUY order on GBPUSD at 1.13890
Based on the orders above, what is the total margin for all the three orders?
Total margin = Sum of margin for all orders
240 USD
2,400 USD
24 USD
24,000 USD
Kush, Willy and Manisha was discussing about trading opportunity on USDJPY.
They agreed that USDJPY will rose up temporarily before coming back down thereafter.
Thus, they placed the following order:
Kush - SELL LIMIT at 110.179
Willy - SELL LIMIT at 109.870
Manisha - SELL LIMIT at 109.850
After a few days, USDJPY rose from 108.720 to 110.000 before coming back down to 107.240.
Based on the price action above, who will have the highest profit?
Kush
Willy
Manisha
Willy and Manisha
Nasis placed the following order:
3.87 lot of EURUSD SELL at 1.01220.
Following the announcement of US Nonfarm Payrolls report, EURUSD dropped to 0.97550 before rising up thereafter to 0.99170.
What is Nasis potential profit if he placed a Take Profit at 0.98170?
11,803.50 USD
14,202.90 USD
1,180.35 USD
1,420.29 USD
Goldman Sachs predicts that Dow Jones 30 will experience volatility in the coming few days due to the release of earnings report.
Based on the report, they expects Dow Jones to extend its downward trend due to ongoing supply chain issue which may jeoparidzes earning total.
Based on the report above, which order is best executed to gain maximum profit?
BUY LIMIT
BUY STOP
SELL LIMIT
SELL STOP
Ula conducted an analysis on EURUSD and found that it has potential to earn profits.
She places 0.52 lot of SELL order on EURUSD with open price of 0.99180.
For risk management, she places stop loss at 1.11000 and take profit at 0.95170.
After a few hours, EURUSD rose to current price of 1.13750 due to positive economic data from EU.
What is the potential loss of her order if risk management was not enforced?
-7,576.40 USD
-6,146.40 USD
-75,764.00 USD
-61,464.00 USD
