[Quiz] How Do You Trade Forex: Take this Quiz and Test Your Forex Trading Knowledge

ADVERTISEMENT1
/12

When it comes to starting something new, it's important to have a solid understanding of how you will generate revenue. The same applies to forex trading.

Understanding the basics of how to make money in the forex market is crucial if you want to be successful. That's where this quiz comes in.

By taking this quiz, you can test your knowledge of forex trading and find out how well you understand the basics of making a profit in the currency market.

So, take this quiz now and discover how much you really know about trading Forex!

Have fun 🙂

How much money do you risk when you're trading demo?

If you wanted to trade a $20,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

The order that is placed to buy above the market or sell below the market at a certain price.

As a newbie, how many currency pairs should you concentrate on?

What is the term used to describe trading with borrowed capital?

In the quote EUR/USD = 1.42345, what is one pip equivalent to?

A stop loss order attached to a trade that moves as price fluctuate?

What is another term for the ask price?

The difference between the bid and ask price:

In forex jargon, when you are going short, you are said to be...

In a currency pair, the first currency is called the...

How many units are in a micro lot?

ADVERTISEMENT3