How do you trade Forex? 16 Created on June 20, 2023 By Over1251 How do you trade Forex? 1 / 10 What is the distinction between the bid and ask price? Leverage Spread Margin 2 / 10 What is another way to say "ask price"? Bid Long Stop Offer 3 / 10 The first currency in a currency pair is known as the... Cross Base Quote 4 / 10 How many currency pairings should you focus on as a beginner? Three Two One As many as you can afford 5 / 10 What is one pip worth in the quotation EUR/USD = 1.42345? 1.00000 0.0010 0.0001 6 / 10 What do you call an order to purchase above the market or sell below the market at a specific price? One-cancels-other Limit Order Stop-entry Order 7 / 10 When you are going short in forex, you are believed to be... Buying Selling Losing a trade 8 / 10 How much profit would you make in pips if you buy 10,000 units of GBP/USD at 1.7000 and sell them one week later at 1.7120? 3000 pips 1200 pips 120 pips 112 pips 9 / 10 What phrase is used to describe trading using borrowed funds? Margin Trading Profitable Trading Options Trading 10 / 10 What is the term for a stop loss order linked to a transaction that changes in response to price fluctuations? Trailing Stop Declining Stop Rolling Stop Rising Stop Your score isThe average score is 61% LinkedIn Facebook VKontakte 0% Restart quiz