Forex Trading In 15 Minutes

Question 1

What are the major sessions on forex?

Answer 1

1. London
2. New York
3. Tokyo

Question 2

What time does London open/close?

Answer 2

3am-11am EST

Question 3

What time does Tokyo open/close?

Answer 3

7pm-3am EST

Question 4

What time does the New York open/close?

Answer 4

8am-4pm EST

Question 5

What time does Sydney open/close?

Answer 5

5pm-1am EST

Question 6

What are the best days to trade?

Answer 6

Tuesday, Wednesday & Friday (EST)

Question 7

What does the right and left number mean?

Answer 7

The left is the bid (selling) and the right is the ask (buying)

Question 8

What is the spread between the two numbers?

Answer 8

1 Pip

Question 9

What does the 5 number of an option represent?

Answer 9

a pip

Question 10

What is the spread?

Answer 10

The difference between the sell quote & the buy quote

Question 11

How do central banks influence exchange rates?

Answer 11

• Finance circulation
• Interest rates
• Mandatory reserve funds

Question 12

How do state economics affect exchange rates?

Answer 12

• GDP
• Inflation
• Debt
• Sales amounts
• Interest from investors

Question 13

How do politics affect exchange rates?

Answer 13

• Stability of governments
• Public statements
• Change of officials

Question 14

Should you look graphs from different time frames?

Answer 14

Analysis of longer time periods show tendencies ignoring accidental changes.

Daily & hourly graphs help in choosing the moment to open and close positions.

Question 15

What is this strategy called?

Answer 15

Double Red Strategy

Question 16

What is this strategy called?

Answer 16

Support & Resistance

Question 17

What is this strategy called?

Answer 17

Break Outs

Question 18

What is this strategy?

Answer 18

Pinocchio Strategy

Question 19

What is this strategy called?

Answer 19

1-2-3 Strategy

Question 20

What is this strategy called?

Answer 20

Moving Average

Question 21

What is this strategy called?

Answer 21

Oscillators