Quiz 1

Q1. What for Meta Trader software is used?

A. Stock Trading

B. Forex Trading

C. Both

D. None

 

Q2. What is the latest version of Meta Trader software?

A. Meta Trader 4

B. Meta Trader 5

C. Meta Trader 6

D. Meta Trader 7

 

Q3. Does this software require any fee for downloading?

A. Yes, $100 required to download

B. No, Free download

C. Free Download but valid for one month

D. None of these

 

Q4. How many types of charts are used in Forex Trading?

A. 1

B. 2

C. 3

D. 4

 

Q5. Which charts are also called OHLC charts?

A. Line Chart

B. Bar Chart

C. Japanese Candlestick

D. None of these

 

Q6. Which is most suitable for stop loss?

A. Stop loss is more than current price

B. Stop loss is less than current price

C. Stop loss is more than Buy price

D. Stop loss is less than Buy price

 

Q7. What for stop loss is used?

A. Stop loss is used to buy currency

B. Stop loss is used to sell currency

C. Stop loss is used to take profit

D. Stop loss is used to save loss

 

Q8. What is buy stop price?

A. Buy stop price is above current price of any currency

B. Buy stop price is below current price of any currency

C. Buy stop price is equal to current price of any currency

D. None of these

 

Q9. What is Sell stop price?

 

A. Sell stop price is above current price of any currency

B. Sell stop price is below current price of any currency

C. Sell stop price is equal to current price of any currency

D. None of these

 

Q10. What for take profit order is used?

A. Take profit order is used to buy any currency

B. Take profit order is used to sell any currency

C. Sell stop price is equal to current price of any currency

D. Take profit order is used to close an opened position and take profit

 

Answer of Question 1: B

Answer of Question 2: B

Answer of Question 3: B

Answer of Question 4: C

Answer of Question 5: B

Answer of Question 6: D

Answer of Question 7: D

Answer of Question 8: D

Answer of Question 9: D

Answer of Question 10: D

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