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A structured trading curriculum across stocks,
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  • 08Build Your Trading System

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Home>Courses>What is Trading?>Lesson 4 of 8

Intro to forex

The world's largest market, traded in pairs, 24 hours a day.

What is Trading?·Lesson 4 of 8

All lessons

By the end of this lesson you'll be able to:

  • 01Explain what forex trading is
  • 02Read a currency pair quote
  • 03Describe why forex runs 24 hours
1

Step 1 · Read the guide

Read the guide first

Everything the quiz asks is covered in the linked guide. Read it, then answer the questions below.

What Is Forex Trading? The Complete Beginner's Guide
Key terms
ForexCurrency PairBase CurrencyLeverage

Step 2 · Take the quiz

Quick check

10 questions

Answer all 10, then check. Wrong answers show a hint and a link back to the guide.

  1. Question 01

    How is forex always traded?

  2. Question 02

    In the pair EUR/USD, what is the euro?

  3. Question 03

    When you buy EUR/USD, what are you doing at the same time?

  4. Question 04

    For most pairs like EUR/USD, one pip is a move in which decimal place?

  5. Question 05

    EUR/USD moves from 1.1000 to 1.1050. How many pips is that?

  6. Question 06

    If EUR/USD moves from 1.10 to 1.12, what has happened?

  7. Question 07

    You believe the euro will strengthen against the dollar. What would you do?

  8. Question 08

    Why does the forex market run 24 hours on weekdays?

  9. Question 09

    Which risk is especially associated with forex trading?

  10. Question 10

    With high leverage, what can a small move against your forex position do?

Answered 0 of 10 · pass 70% (7/10) to complete

What is Trading?4 of 8
  1. Trading, explained
  2. How the stock market works
  3. How stocks actually work
  4. →Intro to forex
  5. Futures basics
  6. CFDs and derivatives
  7. Options basics
  8. Bull and bear markets
  9. ⚑Final Assessment· 20 Q