Forex Trivia - How Much Do You Really Know?

Here's 50 questions on Forex! Test yourself - how27. Do you know that the FOREX Market is large
much do you REALLY know?enough to pay every person on the planet 600
1. Do you know that you are involved in FOREXUS Dollars DAILY?
even when you are not trading it?28. Do you know that you can make a profit in
2. Do you know that by trading FOREX, you areFOREX regardless of market direction?
trading the economies of countries?29. Do you know that Kathy Lien's book, "Day
3. Do you know that the left hand side of theTrading the Currency Market" is the BEST
currency pair is always valued at 1?SELLING FOREX book of all time?
4. Do you know that CHF stands for30. Do you know that Ed Ponsi's book, "Patterns
Confoederatio Helvetica Franc?& Probabilities" is the 2nd BEST SELLING FOREX
5. Do you know that FOREX was only accessiblebook of all time?
to the big players such as banks and MNCs in the31. Do you know that FX1 Academy is closely
past?associated with the 2 world-renowned FOREX
6. Do you know that by using leverage, a mereexperts, Kathy Lien & Ed Ponsi?
$250 can control up to $100,000 in FOREX?32. Do you know that gold prices have an 85%
7. Do you know that there are no taxes inpositive correlation with AUD/USD?
FOREX trading?33. Do you know that the FOREX Market is open
8. Do you know that your trading strategy is the24 hours a day from Mondays to Fridays?
LEAST important in FOREX?34. Do you know that you can trade FOREX
9. Do you know that ANYONE can be successfulanywhere in the world with just an internet
in FOREX trading?connection and a laptop/mobile phone?
10. Do you know that FX1 Academy is one of35. Do you know that you can start trading
the few schools that teach extensively on aFOREX with just USD200?
trader's state of mind?36. Do you know that Asia is poised to be the
11. Do you know that trading more frequentlycentre of world wide wealth in the next 10 years?
does not equal to more profits?37. Do you know that in 2003, Daimler Chrysler
12. Do you know that the British Pound was themade more money in FOREX than it did selling
reserve currency of the world before the UScars?
Dollar?38. Do you know that in June 2008, the exchange
13. Do you know that no one has ever succeededrate of the new Zimbabwe dollar was
in fighting with the FOREX market?6,164,500,000 Zimbabwe dollars per 1 U.S. dollar?
14. Do you know that you can make more in one39. Do you know that the FOREX Market is 50
trade than what the banks give you in a year?TIMES LARGER than all the global futures market
15. Do you know that compared to stocks, thereCOMBINED?
is no insider trading in FOREX?40. Do you know that if I paid you USD1,000 per
16. Do you know that if the EURO moves a meresecond, it would take me 112 years to pay you
5 cents in a EUR/USD trade, you would makewhat the FOREX Market trades in A DAY?
USD5,000?41. Do you know that you can NEVER LOSE
17. Do you know that George Soros made a coolmore than what you started your FOREX
ONE BILLION DOLLARS IN ONE DAY in 1992account with?
from the FOREX Market?42. Do you know that most banks make about
18. Do you know that FOREX is the LARGEST50% of their income through the FOREX Market?
financial market in the world with a daily trading43. Do you know that compared to 8,000 stocks
volume in excess of 3.5 trillion US Dollars?in the US equity market, there are only 7 major
19. Do you know that FOREX has the HIGHESTcurrencies in the FOREX Market?
leverage compared to all other financial44. Do you know that oil prices have an 87%
instruments?positive correlation with CAD/JPY?
20. Do you know that FX1 Academy is the45. Do you know that you can practice on a
LARGEST FOREX Academy in Asia?FREE DEMO account before trading in a LIVE
21. Do you know that Singapore is the 3rdaccount?
LARGEST financial centre in the world?46. Do you know that it takes you LESS than a
22. Do you know that Singapore is the 2ndminute to enter a FOREX trade?
LARGEST Forex Spot Market in Asia and 5th in47. Do you know that the daily FOREX volume is
the World?BIGGER than the COMBINED ANNUAL GDP of
23. Do you know that unlike the stocks, futuresAustralia, South Korea, Denmark, Switzerland and
or options market, FOREX is not controlled bySweden?
any central governing body?48. Do you know that 3 million traders can draw 1
24. Do you know that you can grow $10,000 tomillion dollars each from the FOREX Market
ONE MILLION DOLLARS safely in 5 years byDAILY?
making just 3 trades a month?49. Do you know that some FOREX brokers pay
25. Do you know that you DO NOT need to payYOU to trade with them?
commissions in FOREX?50. Do you know that over the next few years,
26. Do you know that 80% of all FOREX tradesthe FOREX market is poised to hit a mind-boggling
worldwide is purely speculative?7 trillion US dollars daily?