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Key Principles and Terms

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How well do you know your Forex Term?

 

What is a “Bull Market”

Correct! Wrong!

Bullish or “bull market” is when the market is showing confidence: currency prices are going up

A pips is 10 unites of the fourth decimal point.

Correct! Wrong!

False – A pip is one unit of the fourth decimal point in a currency rate. So for dollar currencies, a pip is 1/10,000 of a dollar.

What is a pipette?

Correct! Wrong!

A pipette is a fraction of pip; in fact, it is 1/10 of a pip.

How many units are in a standard lot?

Correct! Wrong!

The standard size of a lot is 100,000 units of the base currency.

Which one of these allows you to trade with more resources than you have, thus increasing the potential profits without the need to deposit super large sums.

Correct! Wrong!

Leverage - these allows you to trade with more resources than you have, thus increasing the potential profits without the need to deposit super large sums.

Key Principles & Terms – QUIZ
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