Trading Quiz

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Test Your Knowledge: Sharpen Your Skills with Engaging Trading Quizzes and Challenges.

How do you trade Forex?

quiz time how do you trade forex

1 / 10

What is the term for a stop loss order linked to a transaction that changes in response to price fluctuations?

2 / 10

What phrase is used to describe trading using borrowed funds?

3 / 10

How much profit would you make in pips if you buy 10,000 units of GBP/USD at 1.7000 and sell them one week later at 1.7120?

4 / 10

When you are going short in forex, you are believed to be...

5 / 10

What do you call an order to purchase above the market or sell below the market at a specific price?

6 / 10

What is one pip worth in the quotation EUR/USD = 1.42345?

7 / 10

How many currency pairings should you focus on as a beginner?

8 / 10

The first currency in a currency pair is known as the...

9 / 10

What is another way to say "ask price"?

10 / 10

What is the distinction between the bid and ask price?

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