Forex Trivia – How Much Do You Really Know?
Here’s 50 questions on Forex! Test yourself – how much do you REALLY know?
1. Do you know that you are involved in FOREX even when you are not trading it?
2. Do you know that by trading FOREX, you are trading the economies of countries?
3. Do you know that the left hand side of the currency pair is always valued at 1?
4. Do you know that CHF stands for Confoederatio Helvetica Franc?
5. Do you know that FOREX was only accessible to the big players such as banks and MNCs in the past?
6. Do you know that by using leverage, a mere $250 can control up to $100,000 in FOREX?
7. Do you know that there are no taxes in FOREX trading?
8. Do you know that your trading strategy is the LEAST important in FOREX?
9. Do you know that ANYONE can be successful in FOREX trading?
10. Do you know that FX1 Academy is one of the few schools that teach extensively on a trader’s state of mind?
11. Do you know that trading more frequently does not equal to more profits?
12. Do you know that the British Pound was the reserve currency of the world before the US Dollar?
13. Do you know that no one has ever succeeded in fighting with the FOREX market?
14. Do you know that you can make more in one trade than what the banks give you in a year?
15. Do you know that compared to stocks, there is no insider trading in FOREX?
16. Do you know that if the EURO moves a mere 5 cents in a EUR/USD trade, you would make USD5,000?
17. Do you know that George Soros made a cool ONE BILLION DOLLARS IN ONE DAY in 1992 from the FOREX Market?
18. Do you know that FOREX is the LARGEST financial market in the world with a daily trading volume in excess of 3.5 trillion US Dollars?
19. Do you know that FOREX has the HIGHEST leverage compared to all other financial instruments?
20. Do you know that FX1 Academy is the LARGEST FOREX Academy in Asia?
21. Do you know that Singapore is the 3rd LARGEST financial centre in the world?
22. Do you know that Singapore is the 2nd LARGEST Forex Spot Market in Asia and 5th in the World?
23. Do you know that unlike the stocks, futures or options market, FOREX is not controlled by any central governing body?
24. Do you know that you can grow $10,000 to ONE MILLION DOLLARS safely in 5 years by making just 3 trades a month?
25. Do you know that you DO NOT need to pay commissions in FOREX?
26. Do you know that 80% of all FOREX trades worldwide is purely speculative?
27. Do you know that the FOREX Market is large enough to pay every person on the planet 600 US Dollars DAILY?
28. Do you know that you can make a profit in FOREX regardless of market direction?
29. Do you know that Kathy Lien’s book, “Day Trading the Currency Market” is the BEST SELLING FOREX book of all time?
30. Do you know that Ed Ponsi’s book, “Patterns & Probabilities” is the 2nd BEST SELLING FOREX book of all time?
31. Do you know that FX1 Academy is closely associated with the 2 world-renowned FOREX experts, Kathy Lien & Ed Ponsi?
32. Do you know that gold prices have an 85% positive correlation with AUD/USD?
33. Do you know that the FOREX Market is open 24 hours a day from Mondays to Fridays?
34. Do you know that you can trade FOREX anywhere in the world with just an internet connection and a laptop/mobile phone?
35. Do you know that you can start trading FOREX with just USD200?
36. Do you know that Asia is poised to be the centre of world wide wealth in the next 10 years?
37. Do you know that in 2003, Daimler Chrysler made more money in FOREX than it did selling cars?
38. Do you know that in June 2008, the exchange rate of the new Zimbabwe dollar was 6,164,500,000 Zimbabwe dollars per 1 U.S. dollar?
39. Do you know that the FOREX Market is 50 TIMES LARGER than all the global futures market COMBINED?
40. Do you know that if I paid you USD1,000 per second, it would take me 112 years to pay you what the FOREX Market trades in A DAY?
41. Do you know that you can NEVER LOSE more than what you started your FOREX account with?
42. Do you know that most banks make about 50% of their income through the FOREX Market?
43. Do you know that compared to 8,000 stocks in the US equity market, there are only 7 major currencies in the FOREX Market?
44. Do you know that oil prices have an 87% positive correlation with CAD/JPY?
45. Do you know that you can practice on a FREE DEMO account before trading in a LIVE account?
46. Do you know that it takes you LESS than a minute to enter a FOREX trade?
47. Do you know that the daily FOREX volume is BIGGER than the COMBINED ANNUAL GDP of Australia, South Korea, Denmark, Switzerland and Sweden?
48. Do you know that 3 million traders can draw 1 million dollars each from the FOREX Market DAILY?
49. Do you know that some FOREX brokers pay YOU to trade with them?
50. Do you know that over the next few years, the FOREX market is poised to hit a mind-boggling 7 trillion US dollars daily?
Mario Sant Singh
Co-Founder & CEO of FX1 Academy
Asia’s Largest Forex Academy
Mario’s views on CNBC ‘Capital Connection’ have been spot on!
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