Forex

What is the standard lot size in Forex trading?

• 100 units

• 1,000 units

• 10,000 units

• 100,000 units

What is the term used to describe the smallest tradable lot size in Forex?

• Lot Standard

• Lot Mini

• Lot Micro

• Lot Nano

What does the term "pips" refer to in Forex trading?

• Percentage interest points

• Price investment points

• Percentage in price spread

• Percentage in price points

Leverage in Forex trading allows traders to:

• Increase potential profits

• Decrease potential losses

• Both A and B

• None of the above

The difference between the bid and ask price is known as:

• Leverage

• Pips

• Spread

• Margin

Which type of broker typically acts as a counterparty to traders' positions?

• Market Maker

• NDD (No Dealing Desk)

• ECN (Electronic Communication Network)

• STP (Straight Through Processing)

NDD (No Dealing Desk) brokers typically:

• Execute trades without human intervention

• Act as counterparties to traders' positions

• Offer fixed spreads

• All of the above

Which type of currency pair includes a major currency paired with a currency from an emerging or smaller economy?

• Major pairs

• Minor pairs

• Exotic pairs

• Cross pairs

The EUR/USD currency pair is an example of a:

• Major pair

• Minor pair

• Exotic pair

• Cross pair

In Forex trading, what does the term "NDD" stand for?

• Non-Deliverable Derivative

• No Dealing Desk

• Non-Deliverable Forward

• Non-Disclosure Agreement