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Forex trading: Beginner levels quiz trivia. The foreign exchange market is a global marketplace for exchanging national currencies against one another. Some people make a lot of money when they understand how the trade works and others keep losing due to making one small mistake. Do take a look at the questions below and see if you are knowledgeable enough to tackle them all based on what you know about forex trading!
Stay at the entry price
Go up
Go Down
Fluctuate
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EUR
USD
Above the entry price
On the entry price
Below the entry price
Below and above the entry price
Buying or selling the variable currency and profiting or losing on the variable currency
Buying the base currency and profiting on the variable currency
Selling the variable currency and losing on the base currency
Buying or selling the base currency and profiting or losing on the variable currency
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1,000,000 units of the base currency
100,000 units of the base currency
100,000 units of the variable currency
100,000 units of the base and variable currency
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The market is bulish and the base currency is getting weaker
The market is bullish and the variable currency is getting stronger
The market is bearish and the variable currency is getting weaker
The market is bullish and the base currency is getting stronger
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Open a buy stop order
Open a sell limit order
Open a buy limit order
Open a sell stop order
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Know the rate of the currency pair
Know the trade volume and the currency pair's number of digits
Know weather you will open a buy or a sell position
Know the currency pair's interest rate
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Above the entry price
Below the entry price
At the market price
None of the above
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Above the entry price
Below the entry price
On the entry price
Below the selling price
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Open a sell limit order
Open a buy stop order
Open a sell stop order
Open a buy limit order
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500 USD
5,000 EUR
830 USD
500 EUR
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USD
EUR
Base currency
Variable Currency
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