Quiz — Basics of Forex Trading
How many hours a day is the Forex market open?
8
12
16
24
What do you call the difference between the bid (buying) and ask (selling) prices?
Dispersion
Spread
Difference
Commission
Eight major currency pairs constitute 80% of the global foreign exchange market. Which currency pair is not one of them?
EUR/USD
AUD/USD
USD/HKD
EUR/JPY
Both speculators and central banks play an important role in Forex trading. Speculators account for how many percent of all daily Forex operations?
10%
50%
75%
90%
Liquidity means how quickly traders can buy and sell particular financial instruments. What is the world’s most liquid market?
Forex market
Equity market
Credit market
Cryptocurrency market
In Forex, all currencies are traded in pairs. In a currency pair, the first currency is called the...
Quote
Base
Major
Minor
Which of the following is an example of a decentralized exchange?
New York Stock Exchange
Credit market
Forex market
Bitfinex.com
Which entity occupies the top position of the forex ladder?
Individual traders
Major banks
Central banks
Forex dealers
Forex is the world’s largest market. Its daily turnovers usually exceed…
$4 000 000 000
$40 000 000 000
$400 000 000 000
$4 000 000 000 000
Despite its decentralized nature, the Forex market is incredibly concentrated. How many global financial institutions account for 73% of the total activity?
5
10
15
20
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