Partners

Partners

CMC Markets

CMC Group was established in 1989 and is a leading global provider of online retail financial services complete with a comprehensive institutional offering.

 

We enable clients to trade a broad range of financial instruments through our award-winning Next Generation trading platform, supported by sophisticated charting, competitive pricing and automated execution.

Partners

FxPlus

FxPlus was established by a team of top traders, analysts, bankers and financiers.

FXPlus Trading Academy offers a range of structured trading courses for people interested in learning to trade, beginning a career as a Trader, becoming a successful Fund Manager or just learning how to make an additional secondary income from trading.

Being a student of FXPlus, you can gain access to these simple yet effective trade signals.

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Application Test

  • 1. A _________ is equal to 0.01 for exchange rates expressed to two decimal places, or 0.0001 for exchange rates expressed to four decimal places.
  • 2. A _________ is used by most forex brokers to close out an open position at the end of the business day, and reopen an identical position as of the next day.
  • 3. A carry trade is based on the interest rate differential between two currencies. The idea is to hold _________ the currency with the higher interest rate, while holding _________ a currency with a lower interest rate.
  • 4. If you have positive carry, your position _________ money while it is open, but if you have negative carry, you must _________ interest while the position is open.
  • 5. "Trading on the technicals" refers to trading based on information derived from _________. This is also known as technical analysis.
  • 6. "Trading on the fundamentals" - or "trading the news" - describes traders that attempt to predict the effect _________ such as interest rate changes and labor reports will have on an exchange rate.
  • 7. Fundamental analysis is the study of _________ in an attempt to predict future market conditions.
  • 8. A _________ order is executed immediately when submitted and is priced at the current spot market rate.
  • 9. A _________ order is an order to buy or sell a currency, but only when certain conditions are met. These conditions are in the form of instructions and are attached when the order is first created.
  • 10. A limit order that has not yet been executed, is said to be _________.