Forex Basics Quiz – Level 1
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Written by Tom Chen
Let’s see how much you’ve learned from our How To Trade Academy Level 1.
Answer to all the questions from below to receive your Level 1 certificate.
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Question 1 of 13
1. Question
1 point(s)How much is traded in the Forex market every day?
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Question 2 of 13
2. Question
1 point(s)What is the largest market in the world?
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Question 3 of 13
3. Question
1 point(s)How many letters do currency symbols have?
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Question 4 of 13
4. Question
1 point(s)Which of the following is NOT a major currency pair?
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Question 5 of 13
5. Question
1 point(s)What currency is often referred to as ‘Kiwi’?
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Question 6 of 13
6. Question
1 point(s)What currency pair is often referred to as ‘Fiber’?
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Question 7 of 13
7. Question
1 point(s)Which among these choices isn’t one of the major trading sessions in the Forex market?
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Question 8 of 13
8. Question
1 point(s)Which entity sits at the very top of the Forex ladder?
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Question 9 of 13
9. Question
1 point(s)When trading in the Forex market, what is the smallest lot size you can trade?
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Question 10 of 13
10. Question
1 point(s)What is the term used to describe the ability to control contract sizes much larger than your deposit?
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Question 11 of 13
11. Question
1 point(s)What is the difference between the bid and the ask price called?
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Question 12 of 13
12. Question
1 point(s)What is margin?
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Question 13 of 13
13. Question
1 point(s)What does it mean to take a long position?
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