HFX/FRX BASICS 💪🏽

Question 1

Which FRX major trading session time is wrong? (EST Time)

Accepted Answer

Sydney 5am-2am

Question 2

When the FRX trade is blue......

Accepted Answer

It's on you

Question 3

As long as the payout percent for HFX is 60% or higher, we can trade the pair.

Accepted Answer

False

Question 4

Trading during silver and red folders is okay if the currency strength meter/news is still good!

Accepted Answer

False

Question 5

In FRX, what are the four types of traders?

Accepted Answer

Day, scalp, swing, position

Question 6

There is one hour during each day the FRX market is open in which the market takes a "rest." What time is that?

Accepted Answer

5pm-6pm EST

Question 7

Go-live is one of the easiest ways to make money in this opportunity.

Accepted Answer

True

Question 8

NFP week stands for (Non-Form Payroll)

Accepted Answer

False

Question 9

HFX is a form of swing trading.

Accepted Answer

False

Question 10

During the FRX market "rest," there is a pair that does not close. Which one is it?

Accepted Answer

GBP

Question 11

With HFX, if we get into a trade for a call, we are buying the pair

Accepted Answer

True

Question 12

In HFX, strike price means...

Accepted Answer

Where the price is currently

Question 13

The most successful people....

Accepted Answer

Put themselves in front of the most information as possible

Question 14

HFX proper risk management says:

Accepted Answer

When you make 8% profit, stop trading

Question 15

FRX is focused on time not distance.

Accepted Answer

False

Question 16

OTC(over the counter price) in HFX allows us to...

Accepted Answer

Trade on the weekends when the market is technically closed

Question 17

When checking the currency strength meter...

Accepted Answer

GBPUSD is a sell so, GBP must be weaker

Question 18

In HFX, what can we trade?

Accepted Answer

Currency pairs, Crypto Currency, Stocks, Commodities

Question 19

HFX is focused on time instead of how far we could go in a trade.

Accepted Answer

True

Question 20

After I learn the basics, I must then learn and apply proper risk management

Accepted Answer

True

Question 21

Bitcoin recently reached a new high of....

Accepted Answer

41K

Question 22

With HFX, if we get into a trade for a put, we are buying the pair

Accepted Answer

False

Question 23

Other than using our phone, what other way can we trade currencies?

Accepted Answer

When we travel out of the country

Question 24

NFP Week only effects the FRX, not HFX market

Accepted Answer

False

Question 25

When is the best time to get into a FRX signal after it is called?

Accepted Answer

Anywhere from 0-5 minutes

Question 26

How much money does the Foreign Exchange Market Circulate daily?

Accepted Answer

7.6 trillion

Question 27

With HFX, there are no more SL's, TP's, lot size or points!

Accepted Answer

False

Question 28

If a trade is bullish, we are going to sell the pair

Accepted Answer

False

Question 29

If the trade is bearish, we are going to sell the pair

Accepted Answer

True

Question 30

What does fixed time for HFX mean?

Accepted Answer

You will be entered in the trade at exactly the minute chosen

HFX/FRX BASICS 💪🏽

Questions 30

HFX/FRX BASICS 💪🏽

Questions 30