🔎 Forex Terminology Training Slides 6-10 of 1-16

 

The Training slides below are part of the Free Basic Forex course for BEGINNERS.

Answer the easy (Yes/No) questions listed below each training slide in the comments section right at the bottom of this blog.

I will email your score back to you.

I suggest that you save this Training Terminology link.

 

Question 6.

Once you have opened a Trade/Position your account will indicate a small minus value due to Spread/Brokerage paid to the broker? (True/False)

 

 

Question 7.

When you open a Long/Buy type Trade/Position you are expecting to need less of the quote currency to buy 1 unit of the base currency? (True/False)

 

 

Question 8.

In the list above the GBP Great British Pound is the base currency in 6 currency pairs? (True/False)

 

 

Question 9.

When the price movement is above the cloud you will only take Short/Sell type Trade/Positions? (True/False)

 

 

Question 10.

Is a pip movement is equilivant to a fraction of a cent movement in price? (True/False)

 

 

 

Your answers in the comment section should look like the example list below with either a True or False behind the question number.

Q06.

Q07.

Q08.

Q09.

Q10.