[CONTEST CLOSED] [Master the Market with FOREX.com] Quiz 2

Answer questions and stand a chance to win a Bose Quietcomfort Headphones (worth S$599), Apple Airtag (worth S$150) & MORE!

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Q1: What is the spot rate in the foreign exchange market?

1. The exchange rate for immediate delivery of currencies
2. The exchange rate agreed today for delivery at a future date
3. The average exchange rate over a 30-day period
4. The exchange rate used for currency options contracts

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Q2: Which of the following is a major currency pair?

1. EUR/USD
2. USD/TRY
3. ZAR/JPY
4. MXN/CAD

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Q3: In CFD trading, if a trader opens a position to buy EUR/USD, they are:

1. Long USD and short EUR
2. Long EUR and short USD
3. Short EUR and long USD
4. Not exposed to currency risk

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Q4: What is the lowest possible spread on EUR/USD offered by FOREX.com under certain conditions?

1. 0.5
2. 1.0
3. 1.2
4. 0.0

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Q5: Trading forex always guarantees profit if you use leverage.

1. Yes
2. No

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Q6: Open-Ended Question -

What are 2 key characteristics you look out for when choosing a CFD broker?

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Seedly will choose the winners based on:

i. highest number of correct answers on the multiple-choice questions; and

ii. most relevant, well-explained, and factually accurate responses as winning entries

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Good luck! ✨

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For more info on the prizes and terms & conditions, visit here: https://bit.ly/3GxcnC3