Quizzes 29 to 32

What is a major currency pair?

A) One that exist many years
B) one that has US dollar in it
C) one that is extremely volatile
D) none of the above

The wrong answers are A) one that exist many years, C) one that is extremely volatile, and D) none of the above.

The correct answer is B) one that has a US dollar in it. The major pairs in the Forex world include USD/CHF, USD/CAD, USD/JPY, EUR/USD, GBP/USD, AUD/USD, and some people even include the NZD/USD pair.

A demo account is?

A) A trading account to practice trading
B) a virtual account
C) an account designed to get familiar with Forex broker services
D) all of the above

The wrong answers include A) a trading account to practice trading, B) a virtual account, and C) an account designed to get familiar with Forex broker services.

The correct answer is D) all of the above. The demo account allows you to trade live conditions in the Forex markets, with real price feeds. This gives you a safe place to practice your strategies before committing real money to work.

In Forex trading, “BoE” means?

A) Bank of England
B) Bank of Egypt
C) Bank of Eritrea
D) none of the above

The wrong answers include B) Bank of Egypt, C) Bank of Eritrea, and D), none of the above.

The correct answer is A) Bank of England. The Bank of England is one of the world’s largest central banks, and therefore is referred to often.

The most popular type of chart is?

A) The line chart
B) the bar chart
C) the candlestick chart
D) none of the above

The wrong answers include A) the line chart, B) the bar chart, and D) none of the above.

the correct answer is C) the candlestick chart. In the Forex world, the candlestick chart has become the most popular charting method by far.

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