Forex Test

1. What is resistance?

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

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

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

3. Which Forex pairs usually have the highest liquidity?

Unknown pairs Exotic pairs only Major pairs Pairs with no volume

4. Which factor often strongly affects currency strength?

Interest rates NFT artwork Option expiration Company stock splits

5. What is traded in the Forex market?

Crypto wallets Real estate contracts Company shares Currencies

6. What does going long mean in Forex?

Avoiding all trades Selling a currency pair expecting it to fall Buying a currency pair expecting it to rise Closing the broker account

7. Which session overlap is often the most active?

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

8. What does Forex stand for?

Fixed Exchange Rate Foreign Export Financial Exchange Office Foreign Exchange

9. What does going short mean in Forex?

Holding cash only Buying a currency pair expecting it to rise Opening a savings account Selling a currency pair expecting it to fall

10. What is an uptrend?

Price making lower lows only Price staying flat forever Price making higher highs and higher lows Price disappearing

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

Spread currency Base currency Lot currency Quote currency

12. What is the bid price?

The price at which you can sell The price at which you can buy The dividend amount The broker password

13. Why is position sizing important?

It changes the currency pair It controls how much money is at risk on a trade It removes spreads It guarantees winning trades

14. What is a currency pair?

Two stocks in one order Two currencies traded against each other Two futures contracts Two crypto wallets

15. What is slippage in Forex?

A guaranteed profit When execution price differs from expected price A type of lot size A currency pair

16. Why are major pairs popular?

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

17. What is liquidity in Forex?

How many indicators are used How easily a currency pair can be bought or sold How much water a country has How many brokers exist

18. Why is leverage risky?

It can amplify both profits and losses It removes margin calls It stops price movement It guarantees profits

19. What is leverage in Forex?

A savings account Borrowed trading power that allows control of a larger position Guaranteed income A fixed exchange rate

20. What is fundamental analysis in Forex?

Only drawing lines on charts Counting social media followers Studying economic factors that affect currency values Checking crypto wallets

21. Why do news events create volatility in Forex?

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

22. What is a lot size?

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

23. Why do employment reports affect Forex?

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

24. What is the London session commonly known for?

No trading volume High liquidity and strong movement Market closure Only crypto activity

25. What is an exotic currency pair?

A pair that cannot be traded A major currency paired with a smaller or emerging-market currency A pair with two stocks A pair with Bitcoin only