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Forex foundations quiz

Answer all eight questions to see your score and the explanation for each answer.

1. In EUR/USD, which currency is the base?
2. With a 0.0001 pip size, a move of 0.0020 is how many pips?
3. What does a market order prioritize?
4. Which statement about a limit order is correct?
5. Does lower required margin reduce risk on an unchanged position?
6. EUR/USD rises. What does that mean?
7. Why can session times shift in UTC?
8. A stop order guarantees which of these?