Forex Trading – Beginners Quiz 31 Created on October 12, 2020 By Eddie Vorman Forex Trading – Beginners Quiz Forex stands for foreign exchanges and refers to currency trading. But how much do you know about the process? Test your knowledge now! 1 / 10 Can you tell us what the Major Currency Pairs are? Currency pairs, which are generally traded Currency pairs from major forex economies Currency pairs of major economies, which are paired with U.S. Dollar Currency pairs with EUR as a base currency 2 / 10 Here are several none major currency pairs, all except: NZD/JPY, CAD/JPY, CHF/JPY, EUR/NZD, EUR/GBP NZD/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD EUR/JPY, EUR/GBP, GBP/CAD, NZD/CAD, CHF/JPY, NZD/CHF GBP/JPY,EUR/AUD, AUD/JPY, CAD/CHF, EUR/GBP 3 / 10 A currency symbol consists of 3 letters. Do you know what the first two letters and the third letter represents? Country name and state Country name and currency name Currency name and nickname Currency name and country name Currency name and state 4 / 10 Buck is to USD. Which of the following is to GBP? Loonie Cable Kiwi Aussie Fiber 5 / 10 Why are the major currencies commonly traded on the forex market? Because they are cheap Most are liquid and have low spreads Because they are well known They have low spreads All of the above 6 / 10 Let’s say that the EUR is strengthening against the U.S. dollar. What should we do for EUR/USD pair? Short /sell the EUR Buy/go long on the pair Sell /short the pair None of the above 7 / 10 Please, choose the base currency in the EUR/USD pair: Both USD EUR None EUR/USD 8 / 10 If the traders go long on a trade, it means: Selling the base currency and buying the counter Profiting from a trade Buying the base currency because traders expect it to appreciate Holding on a losing trade Trading for long 9 / 10 Which is the largest economy in the forex market? E.U. China Japan USA 10 / 10 Why does the USD have the highest percentage in the forex market? The dollar is one of the most stable currencies worldwide The U.S. has the largest economy in the world Most transactions worldwide are carried out using a greenback as a means of exchange All of the above Your score isThe average score is 55% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Support Platform Spread Trading Instrument Comments Rating 0 (0 reviews)
