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[Retake] Trading Quiz - 2

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

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

a)

Cent

b)

Mini

c)

STP

d)

ECN

2.

Which of the following description is not accurate with regards to central bank?

a)

Sets monetary and fiscal policy.

b)

Regulate and governs financial institutions.

c)

Ensure economic stability.

d)

Adjusts interest rates.

3.

Which description below best describes hyperinflation?

a)

US yearly price of goods rose 9.0% as the country recovers from coronavirus.

b)

Japan records progressively lower price of goods as time goes by during 1991 to 2002.

c)

During the end war, Malaya (now Malaysia) recorded price of goods going up more than 40x in a month.

d)

Unofficial source announced that North Korea's price of rice rose 5% throughout the year of 1982.

4.

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?

a)

Ascending triangle

b)

Rising wedges

c)

Double bottom

d)

Descending triangle

5.

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?

a)

Double top

b)

Head and shoulder

c)

Double bottom

d)

Symmertical triangle

6.

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

a)

240 USD

b)

2,400 USD

c)

24 USD

d)

24,000 USD

7.

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?

a)

Kush

b)

Willy

c)

Manisha

d)

Willy and Manisha

8.

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?

a)

11,803.50 USD

b)

14,202.90 USD

c)

1,180.35 USD

d)

1,420.29 USD

9.

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?

a)

BUY LIMIT

b)

BUY STOP

c)

SELL LIMIT

d)

SELL STOP

10.

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?

a)

-7,576.40 USD

b)

-6,146.40 USD

c)

-75,764.00 USD

d)

-61,464.00 USD