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Are you qualified to trade?

A vibrant and educational illustration depicting forex trading concepts such as currency pairs, market analysis, and trading strategies, with charts and global maps in the background.

Forex Trading Qualification Quiz

Are you ready to test your knowledge of the foreign exchange market? This quiz is designed to help you assess your understanding of forex trading fundamentals and the concepts necessary for success in this dynamic financial landscape.

8 engaging questions
Immediate feedback on your answers
Boost your trading knowledge

8 Questions2 MinutesCreated by TradingEagle371

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The foreign exchange (forex) market is a global market that allows you to trade ONE currency pair against another currency pair.

True

False

What is the largest financial market in the world?

Options Market

Stock Market

Forex Market

Bank of Canada (BoC) announced that it would cut interest rates. Will USD/CAD go up or down?

Down

Do forex scams exist?

Nope, but unicorns do.

Nope - regulatory agencies will kick their scamming butts.

Yes! Don't give your money to strangers!

In a bull market, a ____ level is an area that price has difficulty breaking through to the downside.

Retracement

Resistance

Support

When price breaks through a resistance level, it could potentially become...

Price never breaks through resistance

Insignificant

A support level

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