Which of the following financial products are offered by a regular broker?
A) currency pairs
B) stock indices
C) Gold
D) Silver
This was a little bit of a trick question, as there was no wrong answer.
Obviously, the correct answer was A, B, C, and D.
How many Forex trading sessions are on a regular trading day?
A) one
B) 2
C) 3
D) 4
The wrong answers are A) one, B) 2, D) 4.
The correct answer is C) three. This includes the New York, London, and Tokyo sessions.
What makes a good Forex broker?
A) Regulation
B) low spreads
C) diverse financial products
D) all of the above
The wrong answers are A) regulation, B) low spreads, and C) diverse financial products.
The correct answer is D) as all of these things are important. You should not trade with a brokerage firm that is not regulated, nor should you trade with high spreads as it chips away at your potential profits. Diverse financial products are important as well, as it gives you an opportunity to trade the global markets from several different angles.