Test your trading knowledge with our weekly Quiz!

#1. What is the largest financial market in the world?

Options Market

Forex Market

Stock Market

#2. How many letters do currency symbols have?

Six

Three

Two

#3. Which of the following is NOT a major currency pair?

NZD/USD

EUR/USD

EUR/GBP

#4. What is the second most traded currency?

EUR

JPY

GBP

#5. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

Cross-Currency Pair

Exotic Currency Pair

Major Currency Pair

#6. In a bull market, a _____ level is an area that price has difficulty breaking through to the downside.

Retracement

Support

Resistance

#7. When price breaks through a resistance level, it could potentially become _____.

Insignificant

A support level

Price cannot break through the resistance

#8. How many tops and bottoms does it take to confirm a trend line?

Two

One

Four

Three

#9. When trading off support and resistance levels, you generally should _____.

Wait for the price to bounce off the support/resistance level as confirmation that it is holding.

Place your buy/sell orders past the support/resistance level.

Place your orders right at the support/resistance level.

#10. Generally, the _ of a channel is considered to be a _ zone.

Bottom, Buy

Top, Buy

Bottom, Sell

#11. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

$300

$3,000

$1,000

#12. What is another term for the asking price?

Bid

Stop

Long

Offer

#13. In the quote EUR/USD = 1.34545, what is one pip equivalent to?

0.0010

1.00000

0.0001

#14. What is the difference between the bid and ask price called?

Spread

Margin level

Leverage

#15. What is the term used to describe trading with borrowed capital?

Options Trading

Profitable Trading

Margin Trading

Prop Trading

Test your trading knowledge with our weekly Quiz!

Results

#1. What is the largest financial market in the world?

#2. How many letters do currency symbols have?

#3. Which of the following is NOT a major currency pair?

#4. What is the second most traded currency?

#5. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

#6. In a bull market, a _____ level is an area that price has difficulty breaking through to the downside.

#7. When price breaks through a resistance level, it could potentially become _____.

#8. How many tops and bottoms does it take to confirm a trend line?

#9. When trading off support and resistance levels, you generally should _____.

#10. Generally, the _ of a channel is considered to be a _ zone.

#11. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

#12. What is another term for the asking price?

#13. In the quote EUR/USD = 1.34545, what is one pip equivalent to?

#14. What is the difference between the bid and ask price called?

#15. What is the term used to describe trading with borrowed capital?

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Test your trading knowledge with our weekly Quiz!

Results

#1. What is the largest financial market in the world?

#2. How many letters do currency symbols have?

#3. Which of the following is NOT a major currency pair?

#4. What is the second most traded currency?

#5. What do you call a currency pair that consists of one major currency and one currency from an emerging market?

#6. In a bull market, a _____ level is an area that price has difficulty breaking through to the downside.

#7. When price breaks through a resistance level, it could potentially become _____.

#8. How many tops and bottoms does it take to confirm a trend line?

#9. When trading off support and resistance levels, you generally should _____.

#10. Generally, the _____ of a channel is considered to be a _____ zone.

#11. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?

#12. What is another term for the asking price?

#13. In the quote EUR/USD = 1.34545, what is one pip equivalent to?

#14. What is the difference between the bid and ask price called?

#15. What is the term used to describe trading with borrowed capital?

Leave a Reply Cancel reply

#10. Generally, the _ of a channel is considered to be a _ zone.