Basic Forex Quiz Welcome to our Forex Basics Good Luck! NameEmailAccording to the bank for International settlements, how much volume in Forex transactions are made daily? 47 Million 4 Million 4 Billion 4 TrillionHow much has the average trading volume in Forex changed since 2007? about the same as the stock market 20% higher 10% lower No change at allA trader thinks the US Dollar is going to gain and wants to buy the US Dollar whilst selling the Euro. What trade would they make? Buy EURUSD Sell EURUSDWhich of these countries currencies is incorrect? Switzserland - CHF United Kingdom - GBP United States - USD Japan - JPN Eurozone - EUR Canada - CADWhich of these currency pairs below is considered a cross pair? USDJPY USDCHF AUDCAD NZDUSDGoing Short means that you will hold a trade for less than a day? True FalseLeverage is a tool that enables a trader to increase their market exposure to a level much higher than their actual investment? True FalseA trader has £20000 in their account and decides to go short 100K in the USDGBP. What is the traders effective leverage on this trade? 50:1 2:1 4:1 5:1 15:1 2:1 Please share it with friends or colleagues!Tweet
