Quizzes 13 to 16

Fundamental analysis is?

A) news trading.
B) Trading based upon macroeconomic differences.
C) Trading based upon different monetary policies.
D) None of the above.

The wrong answer is D) none of the above.

The correct answers are A) news trading, B) trading based upon macroeconomic differences, and C) trading based upon monetary policies. Fundamental analysis is taking the difference between 2 economies and trading in favor of one over the other based upon expectations.

Going “long” means?

A) buying a currency pair
B) selling a currency pair
C) buying and selling a currency pair
D) selling and buying a currency pair

The wrong answers are B) selling a currency pair, C) buying and selling a currency pair, and D), selling and buying a currency pair.

The correct answer is a) buying a currency pair. To go “long” a currency pair is to buy the first currency mentioned.

Bullish means?

A) Price will move to the upside
B) price will move to the downside
C) price will move in a range
D) none of the above

The wrong answers include B) price move to the downside, C) price will move in a range, and D), none of the above.

The correct answer is A) price will move to the upside. By being “bullish”, you are stating that you believe that the value of an asset will increase.

Going short on a currency pair means?

A) Selling it
B) buying it
C) selling and buying it
D) none of the above

The wrong answers include B) buying it, C) selling and buying it, and D), none of the above. “Shorting” a financial instrument is to sell it. This refers to the first currency in the currency pair.

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