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Forex Basic Terminology
15 questions | 15 minit
Take the "Forex Basic Terminology" quiz to validate and reinforce what you have learned.
Each correct answer gives you one point, and as a result, you will be able to evaluate your knowledge with the help of a total score.
You can consolidate your knowledge at any time and take this test again if the result does not suit you.
You have 15 minutes to answer 15 quiz questions.
Question 1
What is the Bid price in Forex trading?
Question 2
What is the Ask Price in Forex trading?
Question 3
What does the term "Spread" represent in Forex trading?
Question 4
How is a Pip typically expressed for the majority of currency pairs?
Question 5
Why are Pipettes useful in Forex trading?
Question 6
How is Leverage typically expressed in Forex trading?
Question 7
What does Equity represent in Forex trading?
Question 8
What is the primary purpose of Margin trading in Forex?
Question 9
What is Correlation in Forex?
Question 10
What is a long position in Forex trading?
Question 11
What is a short position in Forex trading?
Question 12
What does Lot Size refer to in Forex trading?
Question 13
What is a Stop-Loss order in forex trading?
Question 14
What is the primary purpose of a Take-Profit order?
Question 15
What is the primary purpose of Forex orders?
