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Currency Trading Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM INVESTMENT INTERVIEW QUESTIONS CURRENCY TRADING INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Currency Trading Interview Questions & Answers - Learning Mode

Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume. The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market does not determine the relative values of different currencies, but sets the current market price of the value of one currency as demanded against another.

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Currency Trading Interview Questions & Answers - Learning Mode
Try Currency Trading Interview Questions & Answers - Exam Mode
Question: What is Maturity in a Currency Trading Market?

Answer: Maturity in a Currency Trading Market is the date on which payment of a financial obligation is due. Source: CoolInterview.com
Question: What are the factors that affect the exchange rate of a currency?

Answer: "A country's currency exchange rate is typically affected by the supply and demand for the country's currency in the international foreign exchange market. The demand and supply dynamics is principally influenced by factors like interest rates, inflation, trade balance and economic & political scenarios in the country. The level of confidence in the economy of a particular country also influences the currency of that country." Source: CoolInterview.com
Question: Who is Bear in a Currency Trading Market?

Answer: Bear in a Currency Trading Market is a market participant counting on the market price decrease; a market operator, a trader or an investor who speculates for the fall. Source: CoolInterview.com
Question: What is Margin Trading in a Currency Trading Market?

Answer: Margin Trading in a Currency Trading Market is the trading with the use of leverage. For instance, having a deposit of 100$ and 1:3 leverage allows a client to make deals with the total price of 400$. Source: CoolInterview.com
Question: What is Quote Currency in a Currency Trading Market?

Answer: Quote Currency in a Currency Trading Market is the second currency in a currency pair, for which a client is able to sell/buy a base currency. For instance, in the currency pair USD/JPY, Japanese yen is the quote currency. Source: CoolInterview.com
Question: What is Currency Pair in a Currency Trading Market?

Answer: Currency Pair in a Currency Trading Market is a conversion operation object based on the change of one currency rate against another. The example of the currency pair is USD/JPY. Source: CoolInterview.com
Question: What is Balance in a Currency Trading Market?

Answer: Balance in a Currency Trading Market is the financial result of all completed transactions of a trading account. Source: CoolInterview.com
Question: What is Bretton Woods in a Currency Trading Market?

Answer: Bretton Woods in a Currency Trading Market is the site of the conference which in 1944 led to the establishment of the post war foreign exchange system that remained intact until the early 1970s. The conference resulted in the formation of the IMF. The system fixed currencies in a fixed exchange rate system with 1% fluctuations of the currency to gold or the dollar. Source: CoolInterview.com
Question: What is Discretionary Account in a Currency Trading Market?

Answer: Discretionary Account in a Currency Trading Market is an account in which the customer permits a trading institution to act on the customer's behalf in buying and selling currency pairs. The institution has discretion as to the choice of currency pairs, prices, and timing-subject to any limitations specified in the agreement. Source: CoolInterview.com
Question: What is Buy Limit order in a Currency Trading Market?

Answer: Buy Limit order in a Currency Trading Market is an order to execute a transaction at a specified price (the limit) or lower. Source: CoolInterview.com
Question: What is Hedge in a Currency Trading Market?

Answer: Hedge in a Currency Trading Market is a transaction that reduces the risk on an existing investment position. Source: CoolInterview.com
Question: What are the benefits of trading in Currency Derivatives?

Answer: Currency Derivatives are very efficient risk management instruments and you can derive the below benefits:

i. Hedging: You can protect your foreign exchange exposure in business and hedge potential losses by taking appropriate positions in the same. For e.g. If you are an importer, and have USD payments to make at a future date, you can hedge your foreign exchange exposure by buying USDINR and fixing your pay out rate today. You would hedge if you were of the view that USDINR was going to Source: CoolInterview.com
Question: What is Market Close in a Currency Trading Market?

Answer: Market Close in a Currency Trading Market refers to the time of day that a market closes. In the 24 hour-a-day foreign exchange market, there is no official market close. 5:00 PM EST is often referred to and understood as the market close because value dates for spot transactions change to the next new value date at that time. Source: CoolInterview.com
Question: What is Currency in a Currency Trading Market?

Answer: Currency in a Currency Trading Market is the Money issued by a government. Coins and paper money. It is a form of money used as a unit of exchange within a country.
Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.
A currency (from Middle English: curraunt, "in circulation", from Latin: currens, -entis) in the Source: CoolInterview.com
Question: What is Non-client Order in a Currency Trading Market?

Answer: Non-client Order in a Currency Trading Market is an order on an exchange that is made by a participant firm or on behalf of a partner, officer, director, or employee of the participant firm. Where a participant firm is a firm that is entitled to trade on the exchange, also known as a member firm. While these orders are allowed, priority must be given to client orders for the same securities. Source: CoolInterview.com
Question: What is Floating profit/loss in a Currency Trading Market?

Answer: Floating profit/loss in a Currency Trading Market is unrecorded gains/losses on the open positions of a certain tool at current rates values. Source: CoolInterview.com
Question: A 24 resistor, an inductor with a reactance of 120 , and a capacitor with a reactance of 120 are in series across a 60 V source. The circuit is at resonance. The voltage across the inductor is A.60 V B. 60 V C. 30 V D. 300 V

Answer: Closing market rate in a Currency Trading Market is the rate at which a position can be closed based on the market price at end of the day. Source: CoolInterview.com
Question: What is Federal Reserve System (Fed) in a Currency Trading Market?

Answer: Federal Reserve System (Fed) in a Currency Trading Market is an independent financial institution, which serves as the US central bank. It was founded on December 23, 1913.

The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. Source: CoolInterview.com
Question: What is Turnover in a Currency Trading Market?

Answer: Turnover in a Currency Trading Market is the total volume of all executed transactions in a given time period. Source: CoolInterview.com
Question: What is Currency Basket in a Currency Trading Market?

Answer: Currency Basket in a Currency Trading Market is a selection of foreign currencies, which is used as a guiding line by regulative institutions when shaping a national currency rate against other currencies. Source: CoolInterview.com

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