Week 2 – Day 2 Quiz
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Question 1 of 20
1. Question
Which of the following is a popular trading platform? (select all that apply)
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Question 2 of 20
2. Question
Which criteria are essential when choosing a forex broker? (Select all that apply)
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Question 3 of 20
3. Question
What is the protective mechanism in forex trading that ensures you don’t lose more than a set amount?
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Question 4 of 20
4. Question
Arrange the following platforms from oldest to newest.
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cTrader
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MetaTrader 4
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MetaTrader 5
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Question 5 of 20
5. Question
Match the platform with its notable feature:
Sort elements
- Introduced in 2005
- Supports more financial instruments
- Detailed back-testing environment
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MetaTrader 4
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MetaTrader 5
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cTrader
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Question 6 of 20
6. Question
The _________ is the section of the trading platform where you can view live currency price feeds.
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The is the section of the trading platform where you can view live currency price feeds.
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Question 7 of 20
7. Question
What should you set to cash out automatically when the trade hits your desired profit level?
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Question 8 of 20
8. Question
Which of the following is NOT a primary feature of the cTrader platform?
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Question 9 of 20
9. Question
Match the function with its purpose on a trading platform:
Sort elements
- Amount borrowed from the broker to amplify position size
- The amount of capital used to hold a trading position
- A standardized contract size in forex trading
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Leverage
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Margin
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Lot Size
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Question 10 of 20
10. Question
The ‘Expert Advisors’ feature in MT4 allows for _________ trading, enabling traders to set rules for automated trade executions.
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The ‘Expert Advisors’ feature in MT4 allows for trading, enabling traders to set rules for automated trade executions.
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Question 11 of 20
11. Question
List the following trading actions in the order they are typically executed:
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Placing a trade
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Monitoring the position
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Setting Stop-Loss
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Question 12 of 20
12. Question
Match the section with its description in MT4:
Sort elements
- Displays trade activity and account history
- Hub for accounts and indicators
- Heart of your technical analysis
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Terminal
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Navigator
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Chart Window
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Question 13 of 20
13. Question
Match the trading term with its description:
Sort elements
- The total value of an account if all positions were closed
- The amount of money in a trading account, not including open trades
- A demand by the broker to deposit more money due to inadequate margin
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Equity
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Balance
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Margin Call
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Question 14 of 20
14. Question
In forex trading, the ‘road’ is provided by your ________.
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In forex trading, the ‘road’ is provided by your .
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Question 15 of 20
15. Question
Which of the following is NOT an essential criterion when evaluating a forex broker?
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Question 16 of 20
16. Question
Which of the following is a potential risk associated with unregulated brokers?
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Question 17 of 20
17. Question
To effectively manage risks, always set a _______ and a _______ before executing a trade.
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To effectively manage risks, always set a and a before executing a trade.
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Question 18 of 20
18. Question
Which of the following tools are essential for technical analysis in forex trading? (Select all that apply)
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Question 19 of 20
19. Question
In forex trading, the difference between the buy and the sell price of a currency pair is known as the _________.
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In forex trading, the difference between the buy and the sell price of a currency pair is known as the .
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Question 20 of 20
20. Question
Match the trading term with its definition:
Sort elements
- A basic unit of measure for price movement in forex trading
- Refers to a market sentiment or trend indicating rising prices
- Refers to a market sentiment or trend indicating falling prices
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Pip
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Bullish
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Bearish
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