5 Questions
What is the primary purpose of trading in forex?
To exchange one currency for another simultaneously
What is a pip in the context of forex trading?
The minimum price movement of a currency pair
What is the spread in forex trading?
The difference between the bid and ask prices
What is the purpose of a position size calculator in forex trading?
To manage risk by limiting the exposure of a trade
What is the recommended risk management rule mentioned in the text?
Stop loss (pips) × Lot size < 2% × Equity
Test your knowledge of traits required for successful Forex trading. Learn about the importance of discipline, consistency, and a rule-based approach in making profitable trades in the foreign exchange markets.
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