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

What does “Forex” stand for?

Fiscal Expanse

Forward Exponent

Financial Execution

Foreign Exchange

2 / 10

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

London session

Sydney session

New York session

Asian session

3 / 10

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

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

Holding onto a currency pair for a long term

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

Exchanging currencies at a fixed rate for future delivery

4 / 10

What is a “currency pair” in forex trading?

A pair of shoes bought in two different countries

A financial strategy for diversifying investments

A legal agreement between two currencies

The comparison of one currency’s value against another

5 / 10

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

Pivot Interest Point

Percentage In Point

Point In Percentage

Price Interest Point

6 / 10

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

USD/JPY

NZD/CAD

GBP/AUD

EUR/GBP

7 / 10

What tool do forex traders use to leverage their investments?

Stocks

Margin

Bonds

Mutual funds

8 / 10

What is the most traded currency in the forex market?

U.S. Dollar (USD)

Japanese Yen (JPY)

British Pound (GBP)

Euro (EUR)

9 / 10

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

Economic performance

Political stability

Interest rates

Weather conditions

10 / 10

What is a “bear market”?

A market with no significant movement

A market that is declining

A market with high volatility

A market that is expected to rise

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