Forex knowledge test | Brokerscout.ai

Knowledge test:

How good are you at investing?

Take our investing knowledge test and we will help you choose the best brokers for your level

banner knowledge test
How good are you at investing?
1/16
What does it mean if you have opened a long position in a currency pair?
How good are you at investing?
2/16
What is a limit order?
How good are you at investing?
3/16
If your broker allows you to trade with 1:100 leverage, how much equity do you need to open a $10,000 position ?
How good are you at investing?
4/16
What is a market order?
How good are you at investing?
5/16
What is the number one indicator?
How good are you at investing?
6/16
What is a "point" ("pip")?
How good are you at investing?
7/16
In the GBP/JYP currency pair, which of the two currencies is the base currency?
How good are you at investing?
8/16
What influences the price in the commodity market?
How good are you at investing?
9/16
What does the expiry date of a futures contract mean?
How good are you at investing?
10/16
Spot prices show:
How good are you at investing?
11/16
What is Stablecoin?
How good are you at investing?
12/16
What is volatility?
How good are you at investing?
13/16
A trader opening a short position usually:
How good are you at investing?
14/16
What is margin?
How good are you at investing?
15/16
What is a BID?
How good are you at investing?
16/16
Exporters of goods and services prefer a weak national currency?

Risk Warning

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility