Forex Test

1. What is technical analysis in Forex?

Studying company earnings only Studying price charts and patterns Reading bank statements only Using passwords

2. What is the New York session commonly known for?

No movement Only weekend trading Only Asian currencies High activity, especially with USD pairs

3. Why do employment reports affect Forex?

They remove spreads They reveal labor market strength and can influence central bank policy They create pips They decide stock dividends

4. Why does the Forex market exist?

Because countries, businesses, banks, and travelers need to exchange currencies Because options need expiration dates Because crypto needs mining Because stocks need dividends

5. In EUR/USD, what is EUR called?

Base currency Margin currency Quote currency Pip currency

6. What is a pip?

A stock certificate A small unit of price movement in Forex A crypto token A company dividend

7. What is a take profit order?

A tax form An order designed to close a trade at a target profit An order that increases losses A broker deposit

8. Why are major pairs popular?

They never lose money They only trade once a week They are always risk-free They usually have high liquidity and lower spreads

9. What is support?

The highest broker fee A tax form A price area where buying interest may appear A trading password

10. What is a lot size?

The number of trades allowed per day The broker’s website size The number of indicators on a chart The number of currency units controlled in a Forex trade

11. What is a standard lot?

1,000 units of currency 100,000 units of currency 100 units of stock 10 units of currency

12. What is margin in Forex?

Money required to open and maintain a leveraged trade A trading indicator A tax refund A broker’s advertisement

13. What is a stop loss?

A type of currency A broker fee An order designed to limit losses A guaranteed profit order

14. What is risk-to-reward ratio?

Comparison of potential loss to potential gain A type of spread A currency exchange rate A broker password

15. Which factor often strongly affects currency strength?

NFT artwork Option expiration Company stock splits Interest rates

16. Which session overlap is often the most active?

Asian and weekend overlap No overlap London and New York overlap Market close overlap

17. What is resistance?

A currency symbol A wallet backup A price area where selling pressure may appear A lot size

18. Why are pips important?

They guarantee profits They replace stop losses They remove risk They help measure profit, loss, and price movement

19. What is a range-bound market?

Price moving in one direction forever A market that is closed Price moving between support and resistance A market without buyers

20. What is a mini lot?

100,000 units of currency 1,000,000 units of currency 10,000 units of currency 10 units of currency

21. Why do news events create volatility in Forex?

They change expectations about economies and interest rates They make prices fixed They remove spreads They stop banks from trading

22. What does EUR/USD show?

The U.S. stock market The price of gold How many euros are in one dollar only How many U.S. dollars are needed for one euro

23. Which of these is a major currency pair?

Gold/Oil BTC/ETH AAPL/MSFT EUR/USD

24. What is the spread in Forex?

The difference between stocks and crypto The distance between countries The difference between the bid and ask price The broker’s office location

25. What is the ask price?

The trading session The price at which you can sell The interest rate only The price at which you can buy