LESSON 3

In forex, a currency pair means a combination of:

• two currencies

• two or more currencies

• All of the Above

A currency pair consists of Base currency and ….

• Base currency

• Quote currency

• Base and counter currency

In forex, the price at which the market is willing to buy a specific currency pair is called……

• Bid/Ask price

• Ask price

• Bid price

The difference between the Ask and Bid prices is called…..

• Pip

• Lot

• Spread

• Difference

One, out of the following, is not a Major currency pair:

• EUR/USD

• USD/CAD

• GBP/CHF

Identify this correctly:

• Ask price and Bid price

• Bid price and Ask price

• Bid price and spread

Why do you want to be a Forex trader?

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Common name for the Canadian dollar is....

• Kiwi

• Loonie

• Aussie dollar

Loonie is to Canadian dollar, as ...... is to New Zealand dollar

• Aussie dollar

• Loonie

• Kiwi

• Pounds

The 3 major trading Sessions in Forex market include the following, except....

• Tokyo session

• London

• New York session

• None of the above