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How Do You Trade Forex

Description

When starting something new, you have to know exactly how you will make money. The same goes for forex. Put your knowledge to the test by taking this quiz!
Kevin Andrews
Quiz by Kevin Andrews, updated more than 1 year ago
Kevin Andrews
Created by Kevin Andrews over 7 years ago
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Resource summary

Question 1

Question
Q: In forex jargon, when you are going short, you are said to be...
Answer
  • Losing a trade
  • Buying
  • Selling

Question 2

Question
Q: What is the difference between the bid and ask price called?
Answer
  • Margin
  • Leverage
  • Spread

Question 3

Question
Q: How much money do you risk when you're trading demo?
Answer
  • Depends on the broker
  • $100-$200
  • $1,000
  • Zero
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