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February 4, 2022by M Rose- 2 comments

Forex Spread Betting Quiz

forex spread bet quiz thumbnail

Spread betting really is an easy and cheap way to access the currency markets. But are you confident that you know what you’re doing?

Do you know what counts as a pip in each currency pair?

How much margin you need on EURUSD?

And how the markets are correlated?

Test your knowledge here …

Forex Spread Betting Quiz

"*" indicates required fields

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Question 1

I have the following open positions: LONG USDCHF and SHORT EURUSD. What is my bias?*

My bias is that the value of the US dollar will decrease

My bias is that the value of the US dollar will increase

There is no bias on US dollar as these positions are balanced

Question 2

Which of the following are traditional US dollar correlations?*

Inverse correlation with Yen

Inverse correlation with Gold

Positive correlation with oil

Question 3

What is the margin requirement for EURUSD?*

1.5%

3.33%

5%

Question 4

What is the margin requirement for NZDUSD*

6.66%

5%

3.33%

Question 5

If the price of USDJPY has increased from 114.868 to 114.988, how many pips has it moved?*

0.12

120

12

1200

Question 6

If the price of GBPUSD has moved from 1.35405 to 1.35605, how many pips has it moved?*

0.2

20

0.002

200

Question 7

Which of the following spread bets would be comparable to selling British Pounds to buy US dollars?*

Long GBPUSD

Short GBPUSD

Question 8

If you place a long position on USDCHF at 0.9200 with a stake of £5 and a stop level at 0.9100, what is your risk on that trade?*

£50

£5

£100

£500

Question 9

What is the initial margin requirement for a position to SELL USDCAD at 1.2600 with a stake of £10 and a stop at 1.2650*

£419.58

£500

£5000

£4,195.80

Question 10

At what point will my broker close a position?*

If I have less than 100% of my initial margin requirement as available funds in my account

If I have less than 75% of my initial margin requirement as available funds in my account

If I have less than 50% of my initial margin requirement as available funds in my account

Question 11

What is variation margin?*

When an unrealised loss on your account eats into your available funds for margin requirement

When your broker changes the margin requirements on your trade after you’ve opened it

The difference in margin between different instruments

Question 12

In the currency pair AUDUSD, AUD is the ____ currency, and USD is the ___ currency*

Quote/base

Major/secondary

Base/quote

Question 13

If the value of AUDCAD is 0.9100, this means that …*

1 Canadian dollar is equivalent to 0.91 Australian dollars

0.9100 is the lot size for this instrument

1 Australian dollar is equivalent to 0.91 Canadian dollars

Question 14

Before you open a live spread-betting account, which of the following do you need?*

A small fund of money you can afford to lose

An understanding of what margined trading is

Experience of trading on a demo account

All three

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2 comments

Peter Roberts

4 years ago Reply

I was expecting to see my score.

How can I do that please?
- A
  
  Traders Bulletin
  
  4 years ago Reply
  
  Hi Peter, your score should come up after you’ve clicked on ‘submit’ at the bottom of the quiz – did that not work for you?

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