Forex Trading Quiz

What does forex stand for?

• Foreign Exchange

• Financial Exchange

• Foreign Expansion

• Foreign Export

How do companies affect exchange rates when they exchange huge amounts of currency?

• Stabilize the price

• Have no impact on the price

• Increase the price

• Decrease the price

How can individuals profit from currency exchange rate movements?

• By holding onto the same currency forever

• By avoiding currency exchange altogether

• By exchanging currencies frequently

• By trading in the forex market

What is a benefit of trading forex online with a broker?

• Need for physical presence at a trading center

• Ability to trade from anywhere with an internet connection

• High starting budget requirement

• Limited trading hours

What is the minimum budget required to start trading forex online?

• $100

• $200

• $50

• $150