Today we have decided to prepare yet another weekly quiz for our community, where anyone can test their general trading knowledge. The quiz consists of 15 questions where you must choose the correct answer.
#1. Based on the average pip movement per session, during which session does EUR/USD have the most movement?
#2. What time does the Tokyo session start in late November?
#3. In forex jargon, when you are going short, you are said to be _____.
#4. Liquidity is lower when there are more people participating in the markets?
#5. Which currency pair does ‘’Fiber’’ stand for?
#6. Approximately how much of forex transactions take place during the London session?
#7. What is the difference between the bid and the ask price called?
#8. Which is one of the characteristics of the London session?
#9. Support and resistance levels are associated with what type of analysis?
#10. Which among these choices isn’t one of the major trading sessions in the forex market?
#11. Which currency pair does ‘’Yuppy’’ stand for?
#12. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movement?
#13. Which day of the week has the largest potential for reversals?
#14. Which currency pair does ‘’Ninja’’ stand for?
#15. When are the busiest times in the market?
Additionally, for anyone who is looking to start trading and doesn’t have the capital to do so. You can check our post about what working for a prop firm looks like by clicking here.