Forex Quiz – Terms of Trading 16 Created on October 13, 2020 By Eddie Vorman Forex Quiz – Terms of Trading How much do you know about Forex markets and trading? Test your knowledge now. Here is our quiz to challenge yourself. Can you answer all the questions correctly? 1 / 10 Can you tell us which kind of time frame a scalper should consider for his/her trades? H4 30 min 5 min to 5 min Daily 2 / 10 Do you know what the three different ways of investing in Forex are? Mining, Options, Spot Forex Futures, Spot Forex, Options Options, Bitcoin, Futures Spot Forex, Mining Futures 3 / 10 The difference between the ask price and the bid price is that the: Ask price is the market open price, while the bid price is the market close price Ask price is the selling price, while the bid price is the buying price Ask price is the buying price, while the bid price is the selling price None of the above 4 / 10 Can you tell us what Mini Lot size is? 1,000 currency units 100,000 currency units 10,000 currency units Depends on the currency 5 / 10 Do you know what a spread is? It’s the value of a currency It’s the difference between the ask price and the bid price of a currency It’s the difference between the entry-level and the stop loss None of the above 6 / 10 What can you tell us about a pip? It’s the distance between the entry point level and the stop loss level It’s the amount of money risked per trade It’s the smallest amount, with which the price can move in any currency quote It’s the distance between the open and close of the market price 7 / 10 Let’s say the price moves from 1.0950 to 1.0951. The numbers of pips covered are equal to: 1 pip 0.00001 pips 51 pips 1.0852 pips 8 / 10 What does the risk-off tactic mean? The traders sell riskier currencies to buy safe-havens The traders buy the currencies which don’t fluctuate The traders sell volatile currencies and lower the prices of safe-havens 9 / 10 Please, select the times when the forex market opens and closes: It opens on Monday in Tokyo at 12:00 AM GMT and closes Friday 10:00 PM in New York It opens on Monday in London and closes on Friday in Germany It opens on Sunday in Sydney at 10:00 PM (GMT) and closes on Friday 10:00 PM (GMT) in New York It opens Sunday in Sydney and closes on Friday in London 10 / 10 If you have go long, it means that: You have made a profit on your open position You have bought the base currency and expect it to move higher None of the above Your score isThe average score is 42% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Support Platform Spread Trading Instrument Comments Rating 0 (0 reviews)
