Forex Quiz

Forex Quiz

Test your knowledge in Currency Trading.

 

Question 1

The lot size is 10,000. The leverage is 100:1. EUR/USD is trading at 1.2313/18. If you buy 1 lot of EUR/USD, how much margin will you use in terms of U.S. dollar?
A) $123.13
B) $123.18
C) $100

Question 2

Your usable margin is $500. Your used margin is $1,000. When will you get a margin call?
A) When the used margin reaches zero
B) When usable margin reaches zero
C) When my loss is $1,500

Question 3

Client X chooses 100:1 leverage. Client Y chooses 200:1 leverage. If they choose the same lot size, who use less usable margin when 1 lot is traded?
A) Client X
B) Client Y
C) Client X uses the same margin as client Y

Question 4

Rollover buy rate is always greater than rollover sell rate.
True or False

Question 5

USD/JPY is trading at 115.20/25. If you want to buy when the currency pair is trading below 115.20/25, which of the following will you do?

A) Entry stop buy
B) Hedge
C) Entry limit buy

Question 6

Your usable margin is X. How will hedging affect your usable margin X?
A) Usable margin will be less than X after hedging
B) Usable margin will be more than X after hedging
C) Usable margin will remain the same

Question 7

How many days a week does the Forex market open?
A) 5
B) 6
C) 7

Question 8

The lot size is 100,000. Will profit/loss per pip vary if one chooses 100:1 leverage versus 200:1 leverage?

A) Yes
B) No
C) It depends on the currency pair

Question 9

There is no activity in the Forex market during the weekend.
True
False

Question 10

USD/CHF is trading at 1.4601/06. What is the bid rate?
A) 1.4601
B) 1.4606
C) 1.46035 going short

 

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