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tRADING fLASHCARDS > Beginning Trader > Flashcards

Beginning Trader Flashcards

1
Q

What are pips

A

points in percentage

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2
Q

What decimal place is the pips in ?

A

fourth decimal place

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3
Q

for joy which decimal do you look at ?

A

the second decimal place

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4
Q

How many cents per pip is a standard lot

A

$10 per pip

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5
Q

How much per pip for a mini lot

A

$ 1.00 per pip

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6
Q

How much per pip for a micro lot

A

10 cents per pip

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7
Q

Pair moved 60 pips off of a 0.01 lot size , how much did you make.

A

$6.00 profit

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8
Q

What is a broker ?

A

Broker is the “ bank” , they loan money

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9
Q

What is a leverage

A

Leverage is the amount of free room to trade .

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10
Q

What is a margin call

A

When you overleverage

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11
Q

What is market execution ?

A

Go straight into the market

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12
Q

What is bullish

A

when the trade is buying

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13
Q

what is bearish

A

when the trade is bearing

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14
Q

Stop loss

A

the price that takes you out of the market

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15
Q

What is a limit

A

The price in which the currency cannot go above

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16
Q

what is a risk

A

how much you want to risk in a trade

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17
Q

what is a reward

A

the amount of pips you want to win in a trade

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18
Q

When usdxxx increases , what happens with pairs that have used as a quote

A

The pairs with use as a quote decreases

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19
Q

What is a bid

A

Best price for a sell ( would be a lower number )

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20
Q

what is a ask

A

Best price for a buy ( higher number )

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21
Q

What is a spread ?

A

dIFFERENCE BETWEEN ASK AND BUY .

22
Q

what us the recommended leverage for beginners ?

A

1: 200

23
Q

At what percentage will you be removed from the trade

A

70%

24
Q

What is a buy stop ?

A

When you place a order above price and it continues upward ?

25
Q

What is a sell stop

A

when you place a order below current price and it continues downward

26
Q

What is a buy limit

A

A buy limit is when you place a price below current

27
Q

what is a sell limit

A

When you place a price above current for a favorable price

28
Q

What is a entry

A

The point in which you enter the market

29
Q

What is day trading ?

A

Hold it for 1-3 days

30
Q

what is scalping

A

scalping is when you actively watch the markets

31
Q

what is technical analysis

A

technical analysis is analysis of previous movements

32
Q

Japanese candlesticks

A

The candlesticks that the markets use

33
Q

What does a buy candle look like

A

open at the bottom and close at the top

34
Q

what does a sell look like

A

open at the top and close at the bottom

35
Q

What is a doji

A

doji indicates that the market is indecisive , not that much space btw open and close

36
Q

what does upper shadow

A

upper shadow describe the top wick

37
Q

What kind of signals does candlesticks give you

A

tell you whether to buy or sell

38
Q

bearish engulfing

A

when a sell candle engulfs a buy one

39
Q

bullish engulfingg

A

When a buy candle engulfs a sell

40
Q

What is a hammer

A

A hammer is when the candle body is short but the bottom or top wick is long

41
Q

Dark cloud cover

A

blue candle cover in the middle of previous candles . / opens @ a new high

42
Q

What is a uptrend

A

higher highs ///higher lows

43
Q

what is a downtrend

A

Lower highs/lows

44
Q

what is a sideway Trend

A

pair cannot break a certain support / resistance

45
Q

what is reversal

A

A reversal is a change in the overall direction of the trend

46
Q

what is a retracement

A

a short term reversal

47
Q

how does retracements help entry points

A

helps you find a better one

48
Q

what is time frame analysis

A

top down analysis from 4hr to 30

49
Q

if the overall trend is a buy ————–

A

retracements

50
Q

which timeframe should I look at for support and resistance lines

A

4 hr time frame

51
Q

What is fundamental analysis ?

A

Fundamental analysis is when you view the news/ forex factory for affects on the markets ..

52
Q

What is nfp

A

non form payroll

tRADING fLASHCARDS (2 decks)

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