Forex

Master the Forex Market

Test your knowledge of the Forex market with this engaging quiz! Whether you're a novice or a seasoned trader, there's something to learn.

Explore key concepts in Forex trading
Understand currency pairs, market types, and trading strategies
Challenge yourself and improve your trading IQ!

15 Questions4 MinutesCreated by TradingTurtle512

What is the largest market in the world?

Forex Market

Stock Market

Options Market

Base Market

How many letters do currency symbols have?

Three letters

Two Letters

Four letters

Six letters

Which of the following is NOT a Major currency pair?

EUR/GBP

USD/CAD

EUR/USD

NZD/USD

What type of market is forex?

Over-the-Counter (OTC)

Online Market

Exchange Market

Base Market

What does the CME stand for?

Chicago Mercantile Exchange

Chicago Market Exchange

Crypto Market Exchange

Currency Market Exchange

What is the second most traded currency pair?

Euro

U.S. Dollar

Japanese Yen

Canadian Dollar

In a Bull market, a ____ level is an area that price has difficulty breaking through to the downside.

Resistance

Support

Retest

Range

When price breaks through a resistance level, it could potentially become....

Price never breaks through Resistance

Insignificant

Support

It stays resistance

When drawing trend lines, you should...

Not connect subsequent tops and bottoms

Connect a top and bottom

Force them to fit the market when necessary

Never force them to fit the market

When price moves within a channel, what is it doing?

Four green candle sticks form

Price trades within two intersecting trend lines

Price trades within two parallel trend lines

Price never trades within trend channels

A descending channel is characterized by....

Higher highs and low

Higher highs & Lower lows

Same highs and lows

Lower highs and Lower lows

Generally, the ____ of a channel is considered to be a ___ zone.

Bottom, buy

Bottom, sell

Top buy

When trading off support and resistance levels, you generally should...

Place your orders right at the support/resistance level

Wait for 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 order without any confirmation

Forex

Master the Forex Market

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