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💱 Forex TradingIntermediate

Forex Trading Fundamentals — 25 Questions

Test your knowledge of currency pairs, sessions, pips, leverage, and core forex concepts.

📝25 questions
🔤15 multiple choice
✅10 true / false
1 / 15
Multiple Choice

In EUR/USD, a price move from 1.0850 to 1.0900 equals how many pips?

About This Quiz

The Forex Trading Quiz tests your understanding of the foreign exchange market — the largest financial market in the world. Questions cover currency pairs, pip values, lot sizes, trading sessions, leverage mechanics, swap/rollover costs, and the economic factors that drive currency movements.

Topics Covered

  • ✓Major, minor, and exotic currency pairs
  • ✓Pip value and lot size calculations
  • ✓London, New York, and Tokyo session dynamics
  • ✓Leverage, margin, and risk management
  • ✓Interest rates and their effect on currency strength
  • ✓Bid/ask spread and transaction costs
  • ✓Economic calendar events (NFP, CPI, FOMC)

💡 How This Quiz Works

  1. You'll receive 15 randomly selected questions from the full bank of 25.
  2. Answer each question and get instant feedback with a detailed explanation.
  3. Track your correct and wrong answers in real time with the live score counter.
  4. When you finish, review all your answers with the correct options highlighted.
  5. Hit "Try Again" for a fresh set of random questions — no two sessions are the same.

Questions in This Quiz

This quiz contains 25 questions on Forex Trading. A random selection of 15 is presented each time you play.

  1. In EUR/USD, a price move from 1.0850 to 1.0900 equals how many pips?
  2. Which is the most traded currency pair globally?
  3. The forex market operates 24 hours a day. When does it close for the week?
  4. Which two sessions have the most significant overlap and highest volatility?
  5. In the pair USD/JPY, what is the quote currency?
  6. What does 1:100 leverage mean in forex?
  7. A "long" position on GBP/USD means you are:
  8. A standard lot in forex equals how many units of the base currency?
  9. The "spread" is best defined as:
  10. Swap (rollover) is the interest you pay or receive when:
  11. When the US Federal Reserve raises interest rates, what typically happens to USD?
  12. Which of these is an exotic currency pair?
  13. The "ask" price is the price at which:
  14. A "pip" for USD/JPY is typically:
  15. Which economic calendar event most directly moves EUR/USD on announcement?
  16. The bid price is always lower than the ask price.
  17. Higher leverage always results in higher profits.
  18. The forex market is centralized on a single global exchange.
  19. GBP/USD is nicknamed "Cable" due to the transatlantic telegraph cable used for price transmissions.
  20. A stop-loss order automatically closes your trade at a specified price to limit losses.
  21. The London session is the most liquid of all forex trading sessions.
  22. A positive swap means you earn interest for holding a position overnight.
  23. Exotic pairs generally have tighter spreads than major pairs.
  24. With 1:100 leverage, a 1% move against you wipes out your entire margin.
  25. The Tokyo session overlaps with the New York session for several hours each day.