Currency Names And Symbols

Question 1

The eight major currencies are known as the ….

Answer 1

Majors

Question 2

The eight majors are…

Answer 2

AUD; CAD; CHF; EUR; GBP; JPY; NZD; USD

Question 3

The major pairs are any pair with … in them.

Answer 3

USD

Question 4

Currency pairs without the USD in them are referred to as ….. pairs

Answer 4

Cross

Question 5

One of the major benefits to trading cross pairs is that traders can avoid US …

Answer 5

volatility

Question 6

Another major benefit to trading cross pairs is for their strong …..

Answer 6

Trending markets

Question 7

A … currency pair is one that is not listed or not carried by brokers and other liquidity providers. Normally, these pairs aren’t carried due to thin trading activity as a result from limited economic activity and capital flows between the two respective economic regions.

Answer 7

Synthetic

Question 8

A synthetic currency pair is created when we use…

Answer 8

Two alternative pairs to create a third unique currency pair

Question 9

Long basically means that…

Answer 9

Someone is buying something (particularly an asset)

Question 10

Going short refers to…

Answer 10

Selling something (particularly an asset)