FOREX Trading: Beginner Level Quiz! Trivia
(83).jpg "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!
- 1.
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- 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.
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- A.
EUR
- B.
USD
- 3.
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- A.
USD
- B.
JPY
- 4.
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- A.
Above the entry price
- B.
On the entry price
- C.
Below the entry price
- D.
Below and above the entry price
- 5.
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- A.
Above the entry price
- B.
Below the entry price
- C.
On the entry price
- D.
Below the selling price
- 6.
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- 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.
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- A.
USD
- B.
EUR
- C.
Base currency
- D.
Variable Currency
- 8.
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- 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.
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- A.
Stay at the entry price
- B.
Go up
- C.
Go Down
- D.
Fluctuate
- 10.
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- A.
500 USD
- B.
5,000 EUR
- C.
830 USD
- D.
500 EUR
- 11.
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- 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.
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- 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.
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- 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:
- ProProfs]( "If you open a sell pending order below the current market price your stop loss would be:")
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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.png "If you open a sell pending order below the current market price your stop loss would be:")
Questions: 20 | Attempts: 3927 | Last updated: Jul 15, 2020
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