New On Board Exam part 1 test

Below which are not the major investment tools?

• Shares

• Forex

• Commodities

• Fix Deposit

Which one below is NOT the advantage of Forex?

• Deep Liquidity

• 24hours Market

• No leverage

• Low barriers to entry

Below which is NOT the time zone for market opening ?

• Asia Market

• Europe Market

• China Market

• US Market

Major Currencies including below EXCEPT:

• EUR

• CHF

• BTC

• GBP

What is Forex Trading ?

• Buying and selling stocks on the stock market

• Trading commodities like gold and oil

• Exchanging one currency for another in the foreign exchange market

• Investing in real estate properties

What is the meaning of major currency pairs?

• Currency pairs that involve emerging market currencies

• Currency pairs that have the highest trading volume and liquidity in the forex market

• Currency pairs that are pegged to a fixed exchange rate

• Currency pairs that are exclusively traded during the Asian trading session

What is the difference between minor currency pairs and exotic currency pairs?

• Minor currency pairs involve currencies from major economies, while exotic currency pairs involve currencies from emerging or smaller economies.

• Minor currency pairs have lower liquidity and trading volume compared to exotic currency pairs.

• Minor currency pairs are only traded during specific market sessions, while exotic currency pairs are available for trading 24/7.

• Minor currency pairs have fixed exchange rates, while exotic currency pairs have floating exchange rates.

What is variable spreads in forex?

• The difference between the buying and selling price of a currency pair

• Spreads that remain constant regardless of market conditions

• A type of leverage used in forex trading

• Spreads that fluctuate based on market liquidity and volatility

How to utilize leverage in forex?

• By increasing the size of your trading account

• By reducing the risk of your trades

• By borrowing money from the broker to increase your trading position

• By diversifying your portfolio across different currency pairs

How do we earn money from forex?

• By buying low and selling high currency pairs

• By holding onto currency positions for a long period of time

• By receiving dividends from forex brokers

• By participating in forex competitions and winning cash prizes