Answered step by step
Verified Expert Solution
Question
1 Approved Answer
this question is about some basics of investment l 70% 8:55 13+ It is important to place a stop loss on a trade because: It
this question is about some basics of investment
l 70% 8:55 13+ It is important to place a stop loss on a trade because: It can limit your loss A It can increase your gain B CIt guarantees you will make lots of money D None of the above 38% completed II O 70 % 8:55 12+ Where would you place a stop loss (SL) for a buy (long) trade?* Going long or buy means you expect the market to go upwards A Above your entry price B Below your entry price C At the same rate as the take profit D Not placing at all 38% completed II O 70 % 8:55 11+ Which of the following statements is true? A Forex and CFD contracts are over- the-counter (OTC) derivatives B Forex and CFD's are traded on an exchange Forex and CFD contracts are not C over-the-counter (OTC) derivatives D Forex and CFD's are standardised financial products with rules set by exchanges 38% completed II 70 % 8:55 20- Which of the following statements best describes high volatility? A When the price fluctuates in a very wide range within a short period of time BWhen the price fluctuates in a very narrow range within a long period of time C A term used to describe a price decrease D None of the above 38% completed II O l d 70% 8:55 9When markets are volatile, which of the following best describes trading leverages products? * A Safe B Highly risky C Dangerous for inexperienced traders D Both 'A' and 'C 38% completed II 70 % 8:55 8What best describes going "long" (buy position)? You make money if the price A moves either up or down If the price decreases in value, B your position makes profit C If the price increases in value, your position makes profit D None of the above 38% completed II 70 % 8:55 TTo reduce the risk of trading leveraged products which of the following is important?* A Understanding how the market operates B Keeping up with global news events which impact financial markets C Monitoring your open positions D All of the above 38% completed II O 8:54 70% 6 Which of the following best describes "gapping"? A A trading strategy designed to profit from falling markets B A movement in price from one level to another usually caused by a market event that leaves a gap in the chart A term used to describe a type of C order D A new event released each month with information regarding a countries trade deficit 38% completed II OStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started