1. Trading correlated pairs (EUR/USD and GBP/USD) together can...?
- Halve risk
- Double effective risk
- Remove risk
- Fix the spread
✅ Answer: Double effective risk
2. Risking a fixed % of account per trade is called...?
- Fixed-fractional sizing
- Martingale
- Fixed-lot
- Grid
✅ Answer: Fixed-fractional sizing
3. Expectancy combines win rate with...?
- Average win/loss size
- Leverage
- Spread
- Time of day
✅ Answer: Average win/loss size
4. A take-profit order...?
- Closes at a target level
- Adds to the position
- Doubles risk
- Removes the stop
✅ Answer: Closes at a target level
5. The main danger of trading with no stop-loss is...?
- Large uncontrolled losses
- Small profits
- High spread
- Slippage only
✅ Answer: Large uncontrolled losses
6. Risk of ruin increases most with...?
- Small positions
- Over-leveraging
- Diversification
- Using stops
✅ Answer: Over-leveraging
7. 'Slippage' is the difference between...?
- The spread
- Expected and filled price
- Two pips
- Bid and ask
✅ Answer: Expected and filled price
8. Liquidity is usually thinnest during...?
- London open
- Late US, before Asia opens
- New York open
- The overlap
✅ Answer: Late US, before Asia opens
9. The forex trading week generally opens with which session?
- Sydney
- London
- New York
- Frankfurt
✅ Answer: Sydney
10. The London session opens at approximately...?
- 8 AM London time
- Midnight
- Noon
- 5 PM
✅ Answer: 8 AM London time
11. The Asian session is generally known for...?
- Highest volatility
- Lower volatility and ranging
- Biggest trends
- News spikes
✅ Answer: Lower volatility and ranging
12. The Tokyo session is also known as the...?
- Asian session
- European session
- US session
- Pacific session
✅ Answer: Asian session