The Forex Trading Inner Circle Certification Examination
Instructions: Please Answer all Questions. Each question carries 20 Marks.
Remember to Send Your Full Name and email at the top of your Answers. Some answers require you to add screenshots of your market analysis.
Such screenshots are to be attached with description stating clearer explanation of the screenshots. Send your WhatsApp messages to 08185990414.
SUBMISSION: Submit your answers via WhatsApp only if you dont have a laptop. All WhatsApp submissions are to be sent to 08185990414. Or submit your answer in Microsoft Word format as an email attachment if you have a laptop such submissions are to be sent to email@example.com
TIME: This exam question must be submitted on or before 11:00pm Tuesday 3rd May 2022.
You were given a capital of $100,000 to trade forex, and you want to determine your lot size. Write down the formula for calculating your lot size on a dollar account.
Explain at least 4 conditions that must be met before you consider a trade as a good opportunity (Each condition you mention carries 5 Marks)
What are the reasons why it's advisable to use multiple brokers as a Forex Trader? Give at lease 3 points.
Discuss 4 contrasting attributes (Very strong differences) between Swing Trading and Intraday Trading. Dont just list points, Explain each point in details (Each Point carries 5 Marks)
Analyse the Monthly Chart of EURCAD and give a detailed report of your analysis. Explain any trade opportunity you see, giving specific entry price, stop loss and take profit levels.