Test your trading knowledge with our weekly Quiz!

Today we have decided to prepare a 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.

QUIZ START

Results

#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

Finish

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.

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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?

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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?

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