FOREX And Comex Trading Quiz! Trivia

20 Questions | Total Attempts: 126

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FOREX And Comex Trading Quiz! Trivia

Forex and Comex trading quiz trivia. These two markets differ in what they use to trade, while on is fully focused on currencies the other focuses on trading commodities such as high valued metals. By taking this quiz you will get to test out what you know about these two markets and how to make profits using specific rules. Give it a shot and see what more you might learn!


Questions and Answers
  • 1. 
    What is Forex trading?
    • A. 

      Forex trading means one currency bought or sold against another currency.

    • B. 

      Forex trading means where currency pairs are traded.

    • C. 

      Forex trading means buying or selling currency.

    • D. 

      All of the above

  • 2. 
    What is direct currency pairs?
    • A. 

      When quoted currency is USD

    • B. 

      When base currency is USD

    • C. 

      When there is no USD

    • D. 

      All of the above

  • 3. 
    What is Indirect Currency pairs?
    • A. 

      When base currency is USD

    • B. 

      When base currency is GBP

    • C. 

      When quoted currency is USD

    • D. 

      None of the above

  • 4. 
    What is PIP?
    • A. 

      Fourth Decimal point in a currency Pair

    • B. 

      Third decimal point in a currency Pair

    • C. 

      Fifth Decimal in a currency Pair

    • D. 

      All of the above

  • 5. 
    What is a Standard lot size in Spot Forex?
    • A. 

      100000

    • B. 

      1000

    • C. 

      1000000000

    • D. 

      10

  • 6. 
    A trader Long 1 Standard Lot of  USD/JPY @122.10 and close position @122.50 Calculate Profit and Loss in USD? 
    • A. 

      326.53 $

    • B. 

      300 $

    • C. 

      250 $

    • D. 

      None of the above

  • 7. 
    What is the standard Lot size of Silver COMEX?
    • A. 

      3000 Troy Ounce

    • B. 

      5000 Troy Ounce

    • C. 

      300 Troy Ounce

    • D. 

      500000Troy Ounce

  • 8. 
    Calculate P&L? Silver 1 Lot buy @15.10 and sold @15.20?
    • A. 

      700 USD

    • B. 

      500 USD

    • C. 

      900 USD

    • D. 

      1000USD

  • 9. 
    A trader want to trader 20 Lots of EUR/USD pair and margin for 1 lot is 1000 $ how much margin he required to trade 20 Lots?
    • A. 

      20000 USD

    • B. 

      5000 USD

    • C. 

      40000 USD

    • D. 

      1000 USD

  • 10. 
    One Troy Ounce has how many grams?
    • A. 

      31.104 Grams

    • B. 

      30.104 Grams

    • C. 

      300 Grams

    • D. 

      33.104 Grams

  • 11. 
    A trader bought 1 standard Lot of GBP/JPY @ 177.90 and sell @ 178.20 Calculate P&L in USD? USD/JPY = 119.20  
    • A. 

      251.67 USD

    • B. 

      241.20 USD

    • C. 

      351.76 USD

    • D. 

      None of the above

  • 12. 
    A trader Bought GBP/AUD @ 1.8890   and Sell 1.8940  calculate p&l in USD? AUD/USD = 0.7860 
    • A. 

      393 USD

    • B. 

      400 USd

    • C. 

      500 USD

    • D. 

      None of the above

  • 13. 
    Trader Bought 2 Standard Lot of Gold Comex @1150 and sold 2 Lots @1154 calculate P& L?
    • A. 

      400 $

    • B. 

      800 $

    • C. 

      700 $

    • D. 

      All of the above

  • 14. 
    Biggest Spot market of the world for  Gold and Silver?
    • A. 

      NYMEX

    • B. 

      COMEX

    • C. 

      UK

    • D. 

      INDIA

  • 15. 
    IF a trader trade says I am trading in OTC (half Lot or .50 )of crude oil what will be Lot size for him? 
    • A. 

      5 Barrel

    • B. 

      50 Barrel

    • C. 

      500 Barrel

    • D. 

      1000 barrel

  • 16. 
    Main Trade timings of COMEX and NYMEX?
    • A. 

      5 PM to 10 PM IST

    • B. 

      6 PM to 11.55 PM IST

    • C. 

      5 PM to 6 PM IST

    • D. 

      5 AM to 11 PM IST

  • 17. 
    Rollover Interest charge in Future Currency Contract when a trader holds an open position more than 24 Hours?
    • A. 

      True

    • B. 

      False

  • 18. 
    IF EUR/USD  pair    BID                  ASK                           1.1200               1.1203    How much is the Spread ?      
    • A. 

      30PIPS

    • B. 

      3 PIPS

    • C. 

      40 PIPS

    • D. 

      1 PIPS

  • 19. 
    What is the Federal Reserve?
    • A. 

      Central Bank of USA

    • B. 

      Central Bank of Europe

    • C. 

      Central Bank of China

    • D. 

      Central bank of Japan

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