Quiz for:
Fundamentals of Forex Trading Explained

Question 1

What is the term for borrowing capital to trade larger positions in Forex?

Question 2

What are major currency pairs?

Question 3

What does leverage allow Forex traders to do?

Question 4

What is a 'lot' in Forex trading?

Question 5

Which currency is abbreviated as 'CHF'?

Question 6

What is a 'pip' in Forex trading?

Question 7

What does 'liquidity' refer to in Forex trading?

Question 8

What is the significance of 'spread' in Forex trading?

Question 9

When is the Forex market open?

Question 10

Which analysis examines macroeconomic and geopolitical influences?

Question 11

What is the daily trading volume of the Forex market?

Question 12

What does it mean to 'buy' a currency pair?

Question 13

What would you expect if you are 'selling' a currency pair?

Question 14

In a currency pair, what is the base currency?

Question 15

What are 'pipettes'?