Beginning Trader

Question 1

What are pips

Answer 1

points in percentage

Question 2

What decimal place is the pips in ?

Answer 2

fourth decimal place

Question 3

for joy which decimal do you look at ?

Answer 3

the second decimal place

Question 4

How many cents per pip is a standard lot

Answer 4

$10 per pip

Question 5

How much per pip for a mini lot

Answer 5

$ 1.00 per pip

Question 6

How much per pip for a micro lot

Answer 6

10 cents per pip

Question 7

Pair moved 60 pips off of a 0.01 lot size , how much did you make.

Answer 7

$6.00 profit

Question 8

What is a broker ?

Answer 8

Broker is the “ bank” , they loan money

Question 9

What is a leverage

Answer 9

Leverage is the amount of free room to trade .

Question 10

What is a margin call

Answer 10

When you overleverage

Question 11

What is market execution ?

Answer 11

Go straight into the market

Question 12

What is bullish

Answer 12

when the trade is buying

Question 13

what is bearish

Answer 13

when the trade is bearing

Question 14

Stop loss

Answer 14

the price that takes you out of the market

Question 15

What is a limit

Answer 15

The price in which the currency cannot go above

Question 16

what is a risk

Answer 16

how much you want to risk in a trade

Question 17

what is a reward

Answer 17

the amount of pips you want to win in a trade

Question 18

When usdxxx increases , what happens with pairs that have used as a quote

Answer 18

The pairs with use as a quote decreases

Question 19

What is a bid

Answer 19

Best price for a sell ( would be a lower number )

Question 20

what is a ask

Answer 20

Best price for a buy ( higher number )

Question 21

What is a spread ?

Answer 21

dIFFERENCE BETWEEN ASK AND BUY .

Question 22

what us the recommended leverage for beginners ?

Answer 22

1: 200

Question 23

At what percentage will you be removed from the trade

Answer 23

70%

Question 24

What is a buy stop ?

Answer 24

When you place a order above price and it continues upward ?

Question 25

What is a sell stop

Answer 25

when you place a order below current price and it continues downward

Question 26

What is a buy limit

Answer 26

A buy limit is when you place a price below current

Question 27

what is a sell limit

Answer 27

When you place a price above current for a favorable price

Question 28

What is a entry

Answer 28

The point in which you enter the market

Question 29

What is day trading ?

Answer 29

Hold it for 1-3 days

Question 30

what is scalping

Answer 30

scalping is when you actively watch the markets

Question 31

what is technical analysis

Answer 31

technical analysis is analysis of previous movements

Question 32

Japanese candlesticks

Answer 32

The candlesticks that the markets use

Question 33

What does a buy candle look like

Answer 33

open at the bottom and close at the top

Question 34

what does a sell look like

Answer 34

open at the top and close at the bottom

Question 35

What is a doji

Answer 35

doji indicates that the market is indecisive , not that much space btw open and close

Question 36

what does upper shadow

Answer 36

upper shadow describe the top wick

Question 37

What kind of signals does candlesticks give you

Answer 37

tell you whether to buy or sell

Question 38

bearish engulfing

Answer 38

when a sell candle engulfs a buy one

Question 39

bullish engulfingg

Answer 39

When a buy candle engulfs a sell

Question 40

What is a hammer

Answer 40

A hammer is when the candle body is short but the bottom or top wick is long

Question 41

Dark cloud cover

Answer 41

blue candle cover in the middle of previous candles . / opens @ a new high

Question 42

What is a uptrend

Answer 42

higher highs ///higher lows

Question 43

what is a downtrend

Answer 43

Lower highs/lows

Question 44

what is a sideway Trend

Answer 44

pair cannot break a certain support / resistance

Question 45

what is reversal

Answer 45

A reversal is a change in the overall direction of the trend

Question 46

what is a retracement

Answer 46

a short term reversal

Question 47

how does retracements help entry points

Answer 47

helps you find a better one

Question 48

what is time frame analysis

Answer 48

top down analysis from 4hr to 30

Question 49

if the overall trend is a buy --------------

Answer 49

retracements

Question 50

which timeframe should I look at for support and resistance lines

Answer 50

4 hr time frame

Question 51

What is fundamental analysis ?

Answer 51

Fundamental analysis is when you view the news/ forex factory for affects on the markets ..

Question 52

What is nfp

Answer 52

non form payroll