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


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 many units are in a micro lot?

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

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

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

The difference between the bid and ask price:

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

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

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?

What is another term for the ask price?

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

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

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