Based on estimations, the forex market is expected to amasses up to $2.409 quadrillion in 2022.
With regards to the statement above, which participant and its description listed below is correct?
Q4 - Trading Quiz - 2
Quiz
•
Professional Development
•
1st - 3rd Grade
•
Medium
Muhammad Hassan
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Based on estimations, the forex market is expected to amasses up to $2.409 quadrillion in 2022.
With regards to the statement above, which participant and its description listed below is correct?
The Super Banks - the largest banks in the world may influence the exchange rate.
The Speculators - take part in forex market for the means of doing business.
Large Commercial Companies - regularly involved in forex to regulate the market.
Government and Central Banks - engage in the forex market by the means of personal gains.
2.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Jane surveys for financial instruments in the forex market in hopes to gain additional side income.
Based on her preference, she had listed down the following requirements:
1. Hassle less
2. Involves forex
3. Managed funds
From her requirements above, which financial instrument is suitable for her to invest in?
Forex ETFs
Forex Options
Rolling Spot Forex
Forex Futures
3.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Rolling Spot Forex is one of the popular method to invest in forex market.
Which description listed below with regards to Rolling Spot Forex is incorrect?
It is exchange traded, which requires a broker to gain access to.
Involves trading the contract only.
No physical ownership of the currency is required.
Better known as CFD or Contract for Difference.
4.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Alex got to know about forex trading from a close friend of his.
He has laid interest ever since and is currently reading about margin.
However, he does not understand the term Margin Call.
Based on the description below, which one best describes it?
It is the notification sent to you by the broker when margin level falls below a certain threshold.
It is the threshold (%) set by the broker to send out notification once it is triggered.
It is the scenario that will occur when certain threshold is met and will lead to automatic closure of all orders.
It is the threshold (%) set by the broker to automatically close all orders regardless.
5.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Garret is currently trading with FBX. During the last hour, the forex market undergoes high volatility following the release of US Nonfarm Payrolls report.
The following is his account status:
Equity: $1,100
Open orders:
1. EURUSD - Used Margin: $500
2. GBPUSD - Used Margin: $400
3. AUDUSD - Used Margin: $500
4. XAUUSD - Used Margin: $800
Based on FBX, they have set margin call level and stop out level at 100% and 55% respectively.
From his account condition above, what is his margin level and which scenario has been triggered?
Margin Level: 50%
Scenario: Triggered Margin Call and Stop Out
Margin Level: 200%
Scenario: None is triggered
Margin Level: 0.5%
Scenario: None is triggered
Margin Level: 50%
Scenario: Triggered Margin Call
6.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Manisha kickstarted her trading with ATX. She has placed several orders for the past few days.
Yesterday, she received a notification that her account has hit the Margin Call threshold and she will be required to deposit to avoid Stop Out.
Looking at her orders which a portion is still in profit region, she decided to ignore it.
Fast forward, she received a Stop Out notification today which renders her orders to be automatically closed.
Based on the information below, what is the possible Stop Out level for ATX?
Equity: $4,500
Used Margin: $15,000
30%
0.3%
333%
300%
7.
MULTIPLE CHOICE QUESTION
10 mins • 10 pts
Pikaa opened several orders in order to grab the opportunity from recent Federal Reserve policy announcement.
In order to avoid any losses, she decided to calculate her margin level based on the information below:
Assume that position size for all trades is $100,000
EURUSD - Required Margin: 2%
GBPUSD - Required Margin: 5%
NZDUSD - Required Margin: 7%
Equity: $37,580
What is her margin level?
268%
2.68%
37%
3.7%
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