Lesson 1: Introduction to Forex

The following are players of the forex industry, except...

• Central and Commercial Banks

• Hedge fund managers

• individual investors

• Multinational corporations

• None of the above

Equity = Balance + Profit

• Yes

• No

Equity is the amount of money available, while trading is in progress (open positions)

• True

• False

The following are features of Forex, except...

• It is a centralized market

• Forex runs electronically

• Minimal amount is required to trade forex, unlike other financial markets

• Forex is recession-proof

Equity = Balance - Loss

• False

• True

If no adequate knowledge, fx trading becomes gambling

• Yes

• No

• I don't know

However, if the trader doesn’t have any open position, equity is equal to .....

• Margin

• Free margin

• Balance

A Forex broker is a financial services firm that offers its clients the ability to trade foreign currencies

• True

• False

• Don't know

• I am confused