GRADUATION Flashcards
A popular trading scam wherein you entrust your money to a “professional trader” (who usually spends your moolah buying castles, yachts, and his favorite Apple products)
A. “Taking candy from a baby” scam
B. Account manager scam
C. Professional trader scam
Account manager scam
What does EA mean in trading?
A. Expert Advisors
B. Economic Analysis
C. Electronic Advisors
Expert Advisors
What is the biggest disadvantage of a trading robot?
A.It’s expensive!
B. A robot’s calculations are incorrect
C. It’s not designed for every market environment
It’s not designed for every market environment
What’s the difference between a signal service and a trading robot?
A. It’s all the same stuff, difference in name only.
B. Signal services do everything a robot does except the execution of trades
C. A robot does everything signal services do except the execution of trades
Signal services do everything a robot does except the execution of trades
In a typical signal service…
A. A programmer creates a set of rules and indicators and alerts the trader if there are any buy/sell signals
B. A programmer creates a set of rules and indicators that will execute all the trade signals
C. A programmer rolls dice that are marked with different currency symbols and buy/sell orders, which is then sent to the subscriber.
A programmer creates a set of rules and indicators and alerts the trader if there are any buy/sell signals
Which of the following is a common broker scam?
A. Stop-hunting
B. Stop-broker
C. Stop-tracking
Stop-hunting
What is the biggest benefit of having the CFTC and the NFA around?
A. Traders have “big brothers” to protect them against trading fraud
B. These companies have the tightest spreads among the brokers
C. These brokers have no minimum capital requirement before opening an account
Traders have “big brothers” to protect them against trading fraud
What does CFTC stand for?
A. Computerized Forex Trading Commission
B. Commodities and Futures Trade Commission
C. Currency and Futures Trade Commission
Commodities and Futures Trade Commission
A trading regulatory body found in the U.K.
A. National Futures Association (NFA)
B. Federal Department of Finance (FDF)
C. Financial Services Authority (FSA)
Financial Services Authority (FSA)
A regulatory agency that regulates the banks, securities dealers, and stock exchanges in Switzerland
A. Swiss Financial Market Supervisory Authority (FINMA)
B. Financial Services Authority (FSA)
C. Securities and Futures Commission (SFC)
Swiss Financial Market Supervisory Authority (FINMA)
Are forex robots consistently profitable?
Not all the time - they can’t adapt to changing market environments
Do forex scams exist?
Yes! Don’t give your money to strangers!
What is the best weapon against fraud?
A. CFTC
B. Distinguished brokers
C. Doing your own due diligence
Doing your own due diligence
