Forex Quiz: Ten Questions on the Things That Cost Money
Ten questions on the mechanics that decide results: how a pair is quoted, what a pip is worth, what leverage really requires, and where the costs come from. Every answer shows the working.
Ten scored questions on the forex mechanics that cost money when you get them wrong: how a pair is quoted, pip size on JPY pairs and gold, lot sizes, margin versus risk, session overlaps, the triple-swap day and the spread. Free, no signup, and every answer links to the calculator that does the maths.
Forex knowledge quiz
What it covers
Quoting conventions, pip sizes including the JPY and gold exceptions, lot sizes, margin and leverage, session overlaps, swap and the spread. Ten questions drawn from the same maths our calculators use, so a wrong answer always links to the tool that does it for you.
Knowing the mechanics is step one. Chart Bound is where you apply them on real historical charts, free.
Play free, no signup →Where people slip
- Pip size on JPY pairs and gold, which is the most common sizing error in forex.
- Confusing margin with risk. Margin is what the position requires; risk is what your stop allows you to lose.
- Forgetting the triple-swap day, which turns a small overnight cost into three.
- Assuming the busiest hours are the best hours for every pair.
After the quiz
Work through forex for beginners for the concepts, then the lot size and pip value calculators for the maths. The risk quiz is the harder follow-up.
Frequently asked questions
Is this forex quiz free?
Yes. It runs in your browser with no signup or email, and your score is not stored anywhere.
How hard is it?
Beginner to intermediate: quoting, pips, lots, leverage, sessions and costs. The explanations link to the calculator behind each answer.
Does a good score mean I can trade?
No. It measures knowledge of the mechanics, which is necessary and nowhere near sufficient. Most people who try trading lose money.
Are the questions always the same?
They are drawn from a bank each run, so a retake is not identical.
Embed this calculator on your site
Free to use, on any site, with no signup: paste this one line where you want the tool to appear. It loads our hosted version, so it stays up to date, and the link under it credits back to this page.
420×620 by default and it scales down to fit a narrower column. Please keep the attribution link.
Keep learning
Knowing the mechanics is step one. Chart Bound is where you apply them on real historical charts, free.
Play free, no signup →