Forex Trading Fundamentals Quiz PDF

# Forex Trading Fundamentals Quiz Test your knowledge of essential Forex trading concepts based on 'The Final Syllabus of Forex Trading.' Good luck! ## Module 1: Introduction to Forex Trading 1. What is Forex? *Short answer* 2. Which of the following is an advantage of Forex trading? - A) 24-hou...

# Forex Trading Fundamentals Quiz Test your knowledge of essential Forex trading concepts based on 'The Final Syllabus of Forex Trading.' Good luck! ## Module 1: Introduction to Forex Trading 1. What is Forex? *Short answer* 2. Which of the following is an advantage of Forex trading? - A) 24-hour trading - B) Low liquidity - C) High transaction costs - D) Few participants 3. What does a 'pip' measure? - A) Price movement - B) Trading fees - C) Trading volume - D) Market session 4. Identify the primary purpose of a Forex broker: *Short answer* 5. Forex trading operates on a 24-hour basis. True or False? - A) True - B) False ## Module 2: Understanding the Forex Market 6. Which of these is a major currency pair? - A) EUR/USD - B) USD/ZAR - C) AUD/JPY - D) All of the above 7. What are the busiest Forex market sessions? *Short answer* 8. Which currency pair type excludes the USD? - A) Major - B) Minor - C) Exotic - D) Cross currency 9. Define the term 'spread' in Forex trading: *Short answer* 10. What affects pip value in a trade? - A) Leverage - B) Lot size - C) Both leverage and lot size - D) Market session ## Module 3: Technical Analysis Basics 11. Which chart type is used for Forex trading? - A) Line chart - B) Pie chart - C) Bar chart - D) Candlestick chart 12. What is a support level? *Short answer* 13. Moving averages (MA) are useful for identifying which? - A) Support - B) Resistance - C) Trends - D) Entry points 14. Which indicator measures overbought/oversold levels? - A) RSI - B) MACD - C) Bollinger Bands - D) SMA 15. Name one common chart pattern used in Forex trading: *Short answer* ## Module 4: Fundamental Analysis Basics 16. What is the goal of fundamental analysis? *Short answer* 17. How can GDP affect a currency's strength? *Short answer* 18. Inflation rates are usually measured by what index? - A) CPI - B) GDP - C) PMI - D) Employment index 19. What kind of events do central banks announce? - A) Political events - B) Financial earnings - C) Interest rates - D) Export levels 20. How does political stability affect currency value? *Short answer*