Lesson 3
Forex Basics
Lesson Details
Forex Basics
Are you ready to learn the basics that you need to know to trade Forex? I bet you are! Get excited because you are well on your way to learning how to read a currency quote. Terms like "pip" and "lot" will start making much more sense to you after you complete this course. The Forex Basics course gives you a basic understanding of the fundamentals you need to know to start trading Forex. Prepare yourself, have a pen and paper ready, and get ready to embark on a wonderful journey into the lucrative world of Forex trading.
Correctly answer 7 of 9 questions to pass.
The central bank is inclined to raise rates if they are?
Correctly answer 7 of 9 questions to pass.
In pairs with the JPY a pip is?
Correctly answer 7 of 9 questions to pass.
A pip represents?
Correctly answer 7 of 9 questions to pass.
In major currency pairs a pip represents 1/10,000 of a US Dollar, in pairs which include the Japanese Yen a pip is?
Correctly answer 7 of 9 questions to pass.
The central bank is inclined to cut rates if they are?
Correctly answer 7 of 9 questions to pass.
In the pair EUR/USD, which is the base currency?
Correctly answer 7 of 9 questions to pass.
The Japanese Yen is closer to?
Correctly answer 7 of 9 questions to pass.
What is the spread in this currency quote? (1.0034/1.0036)
Correctly answer 7 of 9 questions to pass.
