📚 STUDY SET

Grand Mixer

12 practice questions with answers. Think you know them? Play them live →

1. On a mini lot, one pip of EUR/USD is roughly...?
  • $1
  • $10
  • $0.10
  • $100
✅ Answer: $1
2. Leverage of 1:100 means $1,000 controls how much?
  • $10,000
  • $100,000
  • $1,000
  • $1,000,000
✅ Answer: $100,000
3. USD/JPY moving from 110.00 to 110.30 is how many pips?
  • 3
  • 30
  • 300
  • 0.3
✅ Answer: 30
4. In the EU, retail forex leverage on majors is capped at...?
  • 1:100
  • 1:30
  • 1:500
  • 1:2
✅ Answer: 1:30
5. For most pairs, a pip is which decimal place?
  • Second
  • Fourth
  • First
  • Sixth
✅ Answer: Fourth
6. For JPY pairs, a pip is which decimal place?
  • Fourth
  • Second
  • Third
  • First
✅ Answer: Second
7. A 'pipette' is what fraction of a pip?
  • One tenth of a pip
  • One hundredth
  • Ten pips
  • Half a pip
✅ Answer: One tenth of a pip
8. A margin call happens when...?
  • You profit
  • Equity falls below required margin
  • Spread widens
  • Market closes
✅ Answer: Equity falls below required margin
9. A micro lot equals how many units?
  • 1,000
  • 10,000
  • 100
  • 100,000
✅ Answer: 1,000
10. Margin is best described as...?
  • Collateral for a position
  • Broker profit
  • The spread
  • A pip value
✅ Answer: Collateral for a position
11. Pip value depends mainly on...?
  • Lot size
  • Time of day
  • Broker name
  • Spread
✅ Answer: Lot size
12. A nano lot equals how many units?
  • 100
  • 1,000
  • 10
  • 10,000
✅ Answer: 100

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