KNIGHT FX π
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question 5
in a currency quote. what does the ' ask' price represent to a trader
A. the average price between buying and selling level
B. the price at which a trader can sell the base currency pair
C. the previous day's official closing exchange price
D. the price which a trader can buy the base currency
answer @KNIGHT_FX23
1 109
question 4
A trader buys Usd/jpy at 150.00 and sets a stop loss at 149.50 how many pips of risk does this represent
A. 0.5pips
B. 500pips
C. 50pips
D. 5pips
answer @KNIGHT_FX23
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question 4
which type of currency pair consists of two major currencies, but doesnot include the US dollar
A. commodity
B. cross currency pair
C. Direct pair
D. Exotice pair
answer @KNIGHT_FX23
1 109
question 3
If the bid price for GBP/USD is 1.2500 and the ask price is 1.2503, what is the spread in pips
A. 3pips
B. 0.03pips
C. 30pips
D. 0.3 pips
@KNIGHT_FX23
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second question
what is the standard value of 1 pip for a standard lot (100.000) in a usd -quoted pair like EUR/USD
A. 10$
B. 100.000$
C. 0.10$
D. 1.00$
send answers @KNIGHT_FX23
1 109
first question
1, if your trading the EUR/USD currency pair , which currency is designated as the base currency
A. the foreign reserve currency
B. both currency's equally
C. EUR
D. USD
send answers for @KNIGHT_FX23
