1. Free margin is best described as...?
- Total deposit
- Equity minus used margin
- Profit only
- Leverage times balance
✅ Answer: Equity minus used margin
2. EUR/USD moving from 1.1000 to 1.1050 is how many pips?
✅ Answer: 50
3. A mini lot equals how many units?
✅ Answer: 10,000
4. On a standard lot of EUR/USD, one pip is worth about...?
✅ Answer: $10
5. Notional of 2 standard lots EUR/USD near 1.10 is about...?
- $22,000
- $220,000
- $200,000
- $2,000
✅ Answer: $220,000
6. A 'fair value gap' (FVG) is...?
- A spread
- A pivot
- An imbalance between candles
- A pip
✅ Answer: An imbalance between candles
7. A 'discount' zone within a range is...?
- The upper half
- Above the range
- The lower half
- The high
✅ Answer: The lower half
8. Equal highs on a chart often act as...?
- Firm support
- A liquidity pool
- A trendline
- A gap
✅ Answer: A liquidity pool
9. A 'change of character' (CHoCH) signals...?
- Continuation
- A potential reversal
- Consolidation
- Nothing
✅ Answer: A potential reversal
10. A 'demand zone' is an area where...?
- Sellers dominated
- The spread widened
- Buyers previously stepped in
- News hit
✅ Answer: Buyers previously stepped in
11. A bullish engulfing candle...?
- Has no wick
- Fully covers the prior candle body
- Is a doji
- Gaps up
✅ Answer: Fully covers the prior candle body
12. Lower highs and lower lows define a(n)...?
- Uptrend
- Downtrend
- Range
- Breakout
✅ Answer: Downtrend