Home/Academy/Module 2: Pips, lots and leverage

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MODULE 2 · QUIZ

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Answer all 3 questions on “Pips, lots and leverage”. You need 2 correct to pass and unlock your certificate.

1. For EUR/USD, one pip is… 0.01 0.0001 1.0 0.1

2. A standard lot is… 1,000 units 10,000 units 100,000 units 1,000,000 units

3. What does leverage do to profits and losses? Increases profits only Reduces risk Magnifies both Nothing

Please answer every question first.