Unit a

[blaz86]

I had just been mugged.

I bought Practice of UNIT A and now i see that i can take the question quiz only 3 times.

Blaz

[Maud]

Dear Blaz,

Let me try and clarify this...

Maybe our FAQ section was not totally clear... we will change it for:

How many times can I do the assessment?
The limit number of failures is three times. If you fail to attain the minimum of 60% score for three tries it will not be possible to do the assessment again. You can see below how many tries are left.
That being said, you can stop the questions of an assessment and resume it later.


The Practice Chapter corresponding to Unit A has more than 250 questions. In order to consume the three trials, you will have to answer the questions more than 750 times. This provides you already with a good practice ground.
But we believe you can do it much better: the 60% minimum score is fairly easy to attain if you work through the chapters. This way you can have many more trials.

Feel free to contact us for any issue related to the practice chapter - we would love to hear from you again.
Thanks!

Maud Gilson
FXstreet.com

[blaz86]

well this is not true. either there's a bug in a system or i don't get it.

I took the Chapter 1 quiz 3 times (2x over 90% and 1x 100%) and now i can't take it again... i have 0 tries left.

Blaz

[Maud]

Dear Blaz,

First of all: our apologies for this problem.

Coggno (the assessments system provider) has been notified yesterday night (Sunday). We will keep you posted as soon as it is resolved.

Sorry again for the inconvience, and thanks much for letting us know!

Maud Gilson
FXstreet.com

[Maud]

Dear Blaz,

There had been a confusion with Coggno, the provider of the service. You can do each exam 5 times, regardless of your result, approved or not. You can check the updated FAQ at: http://www.fxstreet.com/forum/showthread.php?t=52885

Sorry for the inconvenience

Regards,

Maud Gilson
FXstreet.com

[chop]

Hi Maud,

there is one thing in the FAQ that I don't understand.

"How many times can I do the assessment?
There is one exam per chapter and you can do each exam 5 times maximum (regardless of the result, approved or not).
That being said, you can stop the questions of an assessment and resume it later. And there is no time limit while you're answering a question: it means you can take your time to answer it – check the theory, navigate on the website to find the answer etc (see below)."

Does it mean that I can only log in five times to the Practice section and after this my account will be disabled? Or it means I can do the FULL exam (from start to the end) five times?

So the question is: will I be able to reach the Practice section when I try to log in - let's say - 6th time?

Thanks in advance.

[Maud]

Dear chop,

It means you can do each exam FULLY only 5 times...

As we explain in the FAQ:
"we recommend you to take the exam in several portions of time so your concentration quality is optimal."

So you can log in to the Practice as many times as you want and answer the numbers of questions you want (or only read the extra content chapter for example) during one year after you bought it, that is the limit.

I hope it is clearer now!

Don't hesitate to let me know if you have other doubts!

Kind Regards,

Maud Gilson
FXstreet.com

[chop]

Thank you, Maud, its clear now.

But I have an another question...

I've started to read the Unit A, and there is something in the Chapter 1 (All that makes it possible)

You wrote this:
"An attempt to maintain a high value of the local currency to the peg can result in the currencies eventually becoming overvalued. This means that the governments could no longer meet the demands to convert the local currency into the foreign currency at the pegged rate. With speculation and panic, investors would start to convert their currency into foreign currency before the local currency is devalued against the peg, depleting the central bank's foreign reserves."

If a currency reach the upper peg then the central bank have to sell local currency to weaken it, but this increases its foreign reserves, because it gets foreign currency for its local currency, isn't it? You have written that this operation depleting the central bank's foreign reserves, but I really don't know why.

I live in Hungary and if the forint reaches - let's say - 230 Ft/euro the central bank buys euro and sells forint, so its euro reserves increases, not decreases.

Could you explain this for me? What did I misunderstood?

Thank you in advance.

[goncalo]

Hi chop,

You are correct when saying that if a currency reaches the upper peg then the central bank has to sell local currency; in order to weaken it it has to buy foreign reserves.

The above paragraph, though, points the difficulty (and the danger) of a central bank trying to maintain its currency pegged (and highly valued). In this case it has to keep buying its own currency by selling foreign currency, which depletes its reserves.

Regards,
Gonçalo

[chop]

Thank you for explanation, goncalo!