NL Trading Spring Quiz 1
What is Forex?
Foreign Exchange Market
Favorite Exchange Market
Trading Markets
Stock Market
What are the 3 trading session?
African, London , New York Session
British , London , New York Session
Asian , London , New York Session
Asian, British, New York Session
What color is our 200 moving average?
Blue
Green
Orange
Pink
What color is our 50 moving average?
Orange
Green
Pink
Yellow
What are the little lines above and below the candles called?
Tails
Runners
Wicks
Strings
What does “pip” stand for?
Point in point
Percentage in place
Percentage in points
Points in percentage
In order to place a buy trade you need to see?
Candles touching my moving averages
Candles closing above moving averages
Big blue candles
Big red candles
What does NFP mean?
National farmers pay
Non farm payroll
Non forex payroll
Negative farm payroll
When using a top down analysis with our strategy what chart time frame should we start on?
1 minute
Monthly
15 minute
Daily
When placing a trade what chart time frame should you be on?
5 minute
1 hour
4 hour
15 minute
What days can you trade?
Sunday - Sunday
Sunday - Friday
Monday - Friday
Sunday - Thursday
How many pips do we look to make per trade?
20
30-40
15-30
10-30
In order to place a sell trade we need to sell we need to see?
Big red candles
Candles touching moving averages
Candles closing below moving averages
4 red candles
How much is 1.00 lot size in US dollars ?
$10.00
$5.00
$1.00
$15.00
A person who opens and closes their trades within the same day is called?
Swing Trader
Position Trader
Day Trader
Scalper
What does SL mean?
Steady Loss
Stop Loss
Speed League
Stop Lot
What does TP mean
Total profit
Take position
Take Profit
Take percentage
How much should you risk per trade ?
20%
Between 10-30%
Between 3-5%
50%
At least how many confirmations do we need to see in order to enter a trade?
4
5
2
1
What color should our S&R lines be on the daily chart?
Pink
Purple
White
Green
What color should our S&R lines be on the H4 chart?
Green
Black
Orange
Yellow
What color should our S&R from the previous day be on the H1 chart?
Purple
Green
Blue
White
When price isn’t move up or down the movement is called ?
Slow up
Build up
Consolidation
Consi
When are the best 2 sessions to trade?
London & Asian Session
Asian & New York Session
London & New York Session
British & Asian Session
How much should you risk per trade?
2-5%
1-5%
1-10%
2-10%
When should you be checking the different news releases on ForexFactory.com
Wednesdays
Saturdays
Sundays
Everyday
As a trader how many pairs should you focus on?
Between 1 - 5 pairs
Between 1 - 10 pairs
Between 1 - 3 pairs
As many as you want
If I used 1 lot on a trade and my profit from that trade is $500 how many pips did I win from this trade ?
5
10
500
50
15
5
24
37
If I used 5 lots on a trade and my profit from that trade is $1350 how many pips did I win from this trade ?
7
20
27
25
40
37
17
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