PU Prime App
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PU Prime App
Exclusive deals on mobile
Hold The Global Markets In Your Hands
Our trading mobile app is compatible with most smart devices. Download the App now and start trading with PU Prime on any device, anytime and anywhere.
Trying to know more about Forex Trading and feel that everything is overwhelming? Here is an extensive article to Forex Trading Fundamental.
What is the Foreign Exchange market commonly known as?
A.Stock Exchange
B.Forex
C.Cryptocurrency Market
D.Derivatives Market
What is the basic concept of forex trading?
A.Buying and selling stocks
B.Exchanging commodities
C.Exchanging one country's currency for another
D.Trading real estate
What does OTC stand for in the context of the Foreign Exchange market?
A. Over the Counter
B.Over Time Currency
C.Open Trading Commission
D.On-The-Clock
In the quote USD/JPY = 125.00, what is the base currency?
A.Japanese Yen (JPY)
B.US Dollar (USD)
C.Euro (EUR)
D.British Pound (GBP)
What is the standard size of a lot in forex trading?
A.10,000 units of the base currency
B.100,000 units of the base currency
C.1,000 units of the base currency
D.50,000 units of the base currency
How are profits and losses calculated in forex trading?
A.Position size multiplied by leverage ratio
B.Pip movements multiplied by position size
C.Leverage ratio multiplied by exchange rate
D.Pip movements divided by position size
What does the spread represent in forex trading?
A.The difference between the bid and ask prices
B.The total market value
C.The movement of currency pairs
D.The closing price of the day
What is a mini lot in forex trading?
A.100,000 units of the base currency
B.10,000 units of the base currency
C.1,000 units of the base currency
D.50,000 units of the base currency
Trying to know more about Forex Trading and feel that everything is overwhelming? Here is an extensive article to Forex Trading Fundamental.
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