Recruitment & Recertification Test 12:55 Dear applicants, after you have completed the form, you will need to take the recertification exam. The minimum passing score for this exam is 80%. Telegram ID: @fcxChief These questions are a prerequisite for employment. If you do not have or cannot provide the required remote work equipment, you will not be considered for employment. If this applies to you, please refrain from filling out the rest of this questionnaire. Full Name: Email Date of Birth: National ID Number: Education: Marital Status: Single / Married Languages: Working Hours: From ... to ... every day except ... More Details: General Question Do you have the necessary equipment to work remotely, such as a laptop or a PC, a smartphone, a Wi-Fi router and a stable, high-speed internet connection? Yes, I do. No, I don't, but I will acquire them. No, I don't, and I can not acquire them. None Do you have a quiet and functional workplace for remote work? (Please send a photo of your workplace) Choose File Drag and Drop File Here or Browse Are you prepared to work beyond your working hours on public holidays or during the day? Yes No None Financial Market & Trading (Multiple-Choice Test) 1. Which is the largest financial market in the world? The American stock market The cryptocurrency market Forex The global stock market None 2. Which currency comes first in a currency pair? Base currency Quote currency Cross currency Unconventional currency None 3. Which currency pair is not a major? NZD/USD EUR/GBP EUR/USD USD/GPY None 4. What is the difference between the bid and ask price called? Spread Leverage effect Margin Free margin None 5. More than... of transactions in the Forex market involve the US dollar (USD). 80% 85% 30% 65% None 6. What is the second most traded currency in the world? JPY EUR GBP CHF None 7. Which decimal digit does each pip in a currency pair indicate? The second digit The third digit The fourth digit The fifth digit None 8. What is the fee you pay if you keep the position open and carry it over to the next day? Margin call Swap Spread Commission None 9. Margin trading is when... You open a position based on your account balance. You have the option of opening a position with a higher initial capital than your account balance. You have the option of opening a position with a lower initial capital than your account balance. b and c None 10. What does the term "Stop Loss" mean? Open position Pending order Profit limit Loss limit None 11. What does "Bid" mean in Forex? The sell offer price The buy offer price The price at which you can sell the second currency The price at which you can buy the base currency None 12. What are the working hours of the Forex market? From Saturday morning to Thursday From Monday at 8:00 am to Friday (GMT+3.30) From Monday at 1:30 am to Saturday at 01:00 am (GMT+3.30) From Monday at 00:00 to Saturday at 00:00 (GMT+3.30) None 13. Which are is the best days to trade on the market? From Tuesday to Thursday Monday and Friday From Friday to Sunday From Sunday to Tuesday None 14. When is the peak trading time on the market? When the London and New York sessions overlap During the New York session When the market is opening When the market is closing None 15. The London session is characterized by... High volatility High spread Low liquidity High slippage None 16. Identify the Japanese candlestick pattern in which the opening and closing prices are very close to each other or similar. Doji Spinning top Piercing line Dark cloud cover None 17. What is fundamental analysis? The study and use of harmonic patterns Using economic and political reports to predict future price trends Use of indicators and price charts Chart forecasting based on market trends None 18. Which of the following statements does not refer to the fundamental analysis? Paul's speech An increase in the price of oil due to a reduction in supply The breaking of an important resistance level for gold The rise in the price of the Euro due to the increase in interest rates in the eurozone None 19. Which statement is false? The contractionary policy of governments leads to a rise in interest rates and a fall in inflation. An increase in interest rates leads to a fall in the value of the currency. An increase in the supply/demand ratio leads to an increase in inflation. An increase in the bond yield leads to an increase in the value of the currency. None 20. Which sentence is incorrect? The account balance is not equal to the equity of the account. The total balance of the account plus the amount of profit/loss and bonuses/credits received from the broker equals equity. For a buy order, your order is opened at the bid price. For a sell order, your order is opened at the bid price. None 21. If the EUR/USD rate rises from 13382 to 1.3393, how many points (pips) has the rate moved? 11 pips 110 points 1.1 points 10 points None 22. If you deposit $1,500 into your trading account, receive a Welcome Bonus of $500 and have an open trade with a profit of $300, which statement about your trading account is false? Your account balance is $2000. Your account equity is $2,300. Your account balance is $1,500. In this case, all or part of the balance cannot be withdrawn. None 23. Which of these numbers are important in the Ichimoku indicator? 9, 30, 52 9, 26, 52 9, 13, 26 9, 27, 36 None 24. If the RSI oscillator is below 30, this generally means... Overbought Oversold Bullish market Bearish market None 25. What does the appearance of a long candle in the same direction as the current trend mean when analyzing the price chart with a candlestick? Reversal potential Increasing movement Continuing trend Price stability None Financial Market & Trading (Essay Type Questions) 1. What is Forex? (4) 2. What are the major currency pairs? Explain with an example. (5) 3. Which currency pairs are called cross pairs? (5) 4. List three advantages of the Forex market compared to other financial markets. (3) 5. What is the difference between the Forex market and the stock market? (5) 6. During which days and at what times does the Forex market operate? (5) 7. Define leverage explaining how it affects trading. (5) 8. Please define the following terms. (10) Pip: Pipette: Spread: Swap: Slippage: Gap: Lot: Buy Limit & Sell Limit: Buy Stop & Sell Stop: Take Profit (TP) & Stop Loss (SL): 9. Define the following terms and explain the difference between them. (4) Balance: Equity: Margin: Free margin: 10. Name the most popular trading platforms in the Forex market. (5) 11. What trading strategies are common in the Forex market and what is the difference between them? (5) 12. Why are currencies always displayed in pairs on the Forex market? (5) 13. What does it mean when the trading terminal displays the following rates for the EUR/USD? (5) Buy:1.3458 Sell:1.3456 14. What is the symbol for each of the following instruments in Forex? (5) Gold: Silver: Oil: Bitcoin: Dow Jones: 15. Explain how to calculate the margin (guaranteed amount) with a formula. (5) 16. Indicate the pip in each of the following currency pairs using an example. (4) XBR/USD: XAU/USD: USD/JPY: EUR/USD: 17. How does each of the following conditional orders work? (5) Buy Stop Limit: Sell Stop Limit: 18. What are the differences between a Demo Account and a Live Account? (5) 19. What is the difference between a trading account with and without a hedging function? (5) 20. Name 4 currency pairs that have a positive correlation with the EUR/USD pair in order of daily trading volume? (5) xChief Services (Essay-Type Questions) 21. How can I receive No-Deposit Bonus? 22. How can I receive Welcome Bonus? 23. Welcome Bonus can't be used in a "drawdown" situation. What do you mean by “drawdown”? 24. What are Trading Credits for? 25. Are you a regulated broker? 26. How to subscribe to trading signals? 27. What's VPS? 28. What's the time of your server? 29. I created a ticket. How much should I wait to receive the answer? 30. What are Investment accounts for? 31. What are the differences between DirectFX, Classic+, and xPRIME accounts? 32. What is the commission per 1 lot in your broker? 33. What is cent account for? 34. What is Stop-Out level in xChief? 35. Which trading instruments do you have in xChief? 36. Do you have Islamic accounts? How to apply for it? 37. Is scalping allowed in xChief as a trading strategy? 38. What's the minimum order size for Indexes in xChief? 39. What's the leverage of my account? 40. Why are your spreads so high? 41. I'm trying to withdraw, but it shows 0,0 available to withdraw. What's the reason? 42. I don't understand “turnover”. Can you explain it in detail? 43. How to calculate the trading turnover of 0,02 lot of GBP/CAD? 44. Do you have Cashback in xChief? 45. I want to get $100 cashback per week in xChief. How many lots should I trade? 46. I want to become an IB. What should I do? 47. What's CPA? 48. When can I withdraw CPA remuneration? 49. What's MTP? 50. Do you have MetaTrader for Windows XP? 51. How to install MetaTrader on Mac OS? 52. I can't login to MT4. No connection! Can you help me, please? 53. I can't create a new order in MT4, and the button is gray. Can you help me, please? 54. Where can I find my referral link? 55. I want to learn Forex. Do you have an academy or educational materials? Where can I find educational materials on your website? 1 out of 28 Thank you for participating in the xChief recruitment exam. We will contact you soon! Time is Up!
