FOREX Trading: Beginner Level Quiz! Trivia

15 Questions | Total Attempts: 704

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FOREX Trading: Beginner Level Quiz! Trivia

. 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!


Questions and Answers
  • 1. 
    • A. 

      Buying or selling the variable currency and profiting or losing on the variable currency

    • B. 

      Buying the base currency and profiting on the variable currency

    • C. 

      Selling the variable currency and losing on the base currency

    • D. 

      Buying or selling the base currency and profiting or losing on the variable currency

  • 2. 
    • A. 

      EUR

    • B. 

      USD

  • 3. 
    • A. 

      USD

    • B. 

      JPY

  • 4. 
    • A. 

      Above the entry price

    • B. 

      On the entry price

    • C. 

      Below the entry price

    • D. 

      Below and above the entry price

  • 5. 
    • A. 

      Above the entry price

    • B. 

      Below the entry price

    • C. 

      On the entry price

    • D. 

      Below the selling price

  • 6. 
    • A. 

      Know the rate of the currency pair

    • B. 

      Know the trade volume and the currency pair's number of digits

    • C. 

      Know weather you will open a buy or a sell position

    • D. 

      Know the currency pair's interest rate

  • 7. 
    • A. 

      USD

    • B. 

      EUR

    • C. 

      Base currency

    • D. 

      Variable Currency

  • 8. 
    • A. 

      1,000,000 units of the base currency

    • B. 

      100,000 units of the base currency

    • C. 

      100,000 units of the variable currency

    • D. 

      100,000 units of the base and variable currency

  • 9. 
    • A. 

      Stay at the entry price

    • B. 

      Go up

    • C. 

      Go Down

    • D. 

      Fluctuate

  • 10. 
    • A. 

      500 USD

    • B. 

      5,000 EUR

    • C. 

      830 USD

    • D. 

      500 EUR

  • 11. 
    • A. 

      The market is bulish and the base currency is getting weaker

    • B. 

      The market is bullish and the variable currency is getting stronger

    • C. 

      The market is bearish and the variable currency is getting weaker

    • D. 

      The market is bullish and the base currency is getting stronger

  • 12. 
    • A. 

      Open a buy stop order

    • B. 

      Open a sell limit order

    • C. 

      Open a buy limit order

    • D. 

      Open a sell stop order

  • 13. 
    • A. 

      Open a sell limit order

    • B. 

      Open a buy stop order

    • C. 

      Open a sell stop order

    • D. 

      Open a buy limit order

  • 14. 
    If you open a sell pending order below the current market price your stop loss would be:  
    • A. 

      Above the entry price

    • B. 

      Below the entry price

    • C. 

      At the market price

    • D. 

      None of the above

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