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Level 01 quiz · 10 questions

Forex 101 quiz

Score 70% or more to pass, unlock the next level and earn your certificate. You'll see the right answer and a short explanation for every question after you submit.

A · 90%+B · 80%+C · 70%+ (pass)D · 60%+F · below 60%
1In EUR/USD = 1.0850, which currency is the base?
2What is one pip on USD/JPY?
3How many units are in one standard lot?
41 standard lot of EUR/USD moves 30 pips in your favour. Profit?
5Which price do you BUY at?
6Required margin for a $100,000 position at 1:100 leverage?
7Margin level = ?
8You expect a breakout above resistance. Which pending order?
9When is the forex market busiest?
10What is a swap?
Answer all 10 questions.