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Currencies Intro: The Inside Story
Progress Quiz for FX KickStart - Currencies: The Inside Story
Introduction to Foreign Exchange
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Progress Quiz for FX KickStart - Foreign Exchange Overview
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Progress Quiz for FX KickStart - Know Your Markets
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Progress Quiz for FX KickStart - Capital Risk Management
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Progress Quiz for FX KickStart - Technical Analysis
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Progress Quiz for FX KickStart - Fundamental Analysis
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Progress Quiz for FX KickStart - Trading Strategies
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Progress Quiz for FX KickStart - Types of Orders
Progress Quiz for FX KickStart – Trading Strategies
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Question 1 of 5 ##### 1. Question ### Traders generally only use one or two trading strategies. True
False
Question 2 of 5 ##### 2. Question ### Different strategies are used because: Different strategies do not work in every scenario
It is important to try and take advantage of all market situations
A and B
You only need one or two strategies to be successful
Question 3 of 5 ##### 3. Question ### Trading Economic data releases live with respect to USD as the terms currency means: You should buy on strong data once the market has moved up more than 15 points
You should buy on strong data up to 15 points above the key level
Retracements do not present an opportunity if you miss the initial move
Selling before the data is released allows you to get a better price and make more money
Question 4 of 5 ##### 4. Question ### The size of the variation from the expected result is the determining factor in whether there is a large or small move in the currency. True
False
Question 5 of 5 ##### 5. Question ### Pending OCO Stop Loss Orders on live data: Reduce the risk around economic data releases
Ensure only one order will be triggered post data release
Protect us from whipsaw price action
All of the above
X
The bottom line: Trading involves risk. Past performance is not indicative of future performance — nothing here is financial advice, and no outcome is guaranteed.
Written by Brad Gilbert, Founder & Head Trader at Traders4Traders — 36 years of institutional FX experience, mentoring 1,000+ traders since 2009.
The Game-Changer Trading System gives you the same tools the desk uses every day.