Forex general knowledge quiz

By FXD Sniper / February 9, 2024

Jump into our quick Forex quiz to see how much you know about trading currencies! It’s made for everyone, whether you’re just starting out or already know a bit. You’ll answer questions about trading terms, how the market works, and tips for trading. It’s a fun way to learn more about the biggest money market around.

1 / 10

Which of the following is NOT a factor affecting forex market fluctuations?

Interest rates

Political stability

Weather conditions

Economic performance

2 / 10

What is a “currency pair” in forex trading?

The comparison of one currency’s value against another

A legal agreement between two currencies

A financial strategy for diversifying investments

A pair of shoes bought in two different countries

3 / 10

Which session is known for the highest volume of forex trading?

London session

New York session

Sydney session

Asian session

4 / 10

What does “Forex” stand for?

Foreign Exchange

Financial Execution

Forward Exponent

Fiscal Expanse

5 / 10

Which pair is considered a major currency pair in forex trading?

USD/JPY

EUR/GBP

GBP/AUD

NZD/CAD

6 / 10

What tool do forex traders use to leverage their investments?

Bonds

Margin

Stocks

Mutual funds

7 / 10

What does the term “pip” stand for in forex trading?

Percentage In Point

Pivot Interest Point

Point In Percentage

Price Interest Point

8 / 10

What is the most traded currency in the forex market?

Japanese Yen (JPY)

Euro (EUR)

British Pound (GBP)

U.S. Dollar (USD)

9 / 10

What is a “bear market”?

A market that is expected to rise

A market with high volatility

A market that is declining

A market with no significant movement

10 / 10

What does the term “short selling” mean in forex trading?

Holding onto a currency pair for a long term

Exchanging currencies at a fixed rate for future delivery

Selling a currency pair to buy it back at a lower price later

Buying a currency pair to sell it at a higher price later

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