Forex Trading Quiz Mock Test: Paper 1

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Stock Market Quizzes

Forex Trading Quiz Mock Test (paper 1)

This is a FREE mock test. Beware of scammers who ask for money to attend this test.

  • Total number of questions: 30
  • Time allotted: 20 minutes
  • Pass Score: 35%
  • Certificate: Yes
  • Random questions: No
  • Do not refresh the page
  • All the best!

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1. Which type of currency pairs is known for its potential for significant price movements but carries higher risk due to lower liquidity?

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2. What is the primary advantage of trading major currency pairs for Forex traders?

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3. Which category of currency pairs typically has the tightest spreads and highest liquidity?

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4. Which currency pair involves the Japanese yen (JPY) as the quote currency?

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5. In Forex trading, what does the term "synthetic currency pairs" refer to?

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6. Which type of currency pairs includes combinations of major currencies, such as EUR/GBP or EUR/AUD?

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7. If you trade the EUR/TRY currency pair, which category does it belong to?

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8. Which type of currency pairs involves currencies from emerging or smaller economies and is characterized by lower liquidity and higher spreads?

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9. In Forex trading, what are "Minor" currency pairs also known as?

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10. Which category of currency pairs includes the most frequently traded and widely recognized pairs in the Forex market?

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11. What is a "cross currency pair" in Forex?

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12. What is a "currency combination" in Forex trading?

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13. How is the exchange rate for a currency pair determined in the Forex market?

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14. What is the term for the smallest price movement in Forex, typically the last decimal place in an exchange rate?

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15. What does the spread represent in Forex trading?

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16. What is a currency pair's "ask" price?

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17. What is a currency pair's "bid" price?

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18. If the EUR/USD exchange rate is 1.1500, what does this mean?

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19. What does the exchange rate of a currency pair represent?

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20. In a currency pair like EUR/USD, which currency is the base currency?

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21. Which major trading session is often referred to as the "powerhouse" session due to its significant trading volume?

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22. When do Forex market sessions overlap, creating increased trading activity and higher liquidity?

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23. What is the primary currency traded during the Sydney trading session?

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24. During which major Forex trading session does the Sydney market operate?

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25. What is the primary currency traded during the New York trading session?

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26. During which major Forex trading session does the New York market operate?

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27. What is the primary currency traded during the London trading session?

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28. During which major Forex trading session does the London market operate?

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29. What is the primary currency traded during the Tokyo trading session?

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30. During which major Forex trading session does the Tokyo market operate?

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