Free Forex Trading Quizzes
Discover your trading style, test your forex IQ, assess your prop firm readiness, and more — with our free interactive quizzes.
Discover your trading personality and get matched with the right strategy.
8 QUESTIONSFind out if Expert Advisors could transform your trading results.
8 QUESTIONSChallenge yourself with 26 questions from beginner to advanced level.
26 QUESTIONSAre you ready to trade a funded account? Find out if you have what it takes.
10 QUESTIONSTest your knowledge of XAU/USD — the most popular pair for EA traders.
15 QUESTIONSHow solid is your risk management? The #1 skill that separates winners from losers.
12 QUESTIONSFree Forex Trading Quizzes — Test Your Knowledge Before You Trade
Whether you're a complete beginner or a seasoned trader looking to sharpen your edge, our free forex quizzes are designed to test your knowledge, reveal your trading personality, and help you make smarter decisions about automated trading. With 79 questions across 6 interactive quizzes, there's something here for every level of experience.
Each quiz provides instant results with detailed explanations for every answer, so you don't just find out what you got wrong — you learn why the correct answer matters in real trading scenarios.
What Quizzes Are Available?
🧭 What Type of Trader Are You?
Not sure if you're a scalper, day trader, swing trader, or better suited to full automation? This 8-question personality quiz analyses your trading habits, time availability, and emotional tendencies to reveal your true trading identity. Your result comes with matched EA recommendations that suit your specific trading style — because the best Expert Advisor for a scalper is very different from the best one for a swing trader.
🤖 Is Automated Trading Right for You?
Automated trading with Expert Advisors isn't for everyone, but it's a game-changer for the right person. This quiz evaluates whether your trading challenges — emotional decision-making, time constraints, missed opportunities — would genuinely benefit from automation. You'll get an honest assessment ranging from "Perfect Fit" to "Manual Trading Suits You Best", not just a sales pitch.
🧠 Forex Knowledge Test (26 Questions)
Our most comprehensive quiz covers everything from the basics (what's a pip, what's a lot, what does leverage mean) through intermediate concepts (margin calls, slippage, risk:reward ratios) to advanced topics like the difference between ECN and Market Maker brokers, currency correlation, martingale strategies, and the equity vs. balance distinction in MetaTrader. Every question includes a detailed explanation, making this as much a learning tool as a test.
🏢 Prop Firm Readiness Test (10 Questions)
Thinking about trading a funded prop firm account? This quiz tests whether you truly understand the rules that trip up most traders — daily drawdown limits, trailing drawdown, consistency rules, weekend holding restrictions, and proper lot sizing for funded accounts. One wrong answer on a real prop firm challenge can cost you hundreds of dollars in fees. Better to discover your knowledge gaps here for free.
🥇 Gold Trading IQ (15 Questions)
XAU/USD is the most popular instrument for EA traders, but it's also one of the most dangerous if you don't understand its unique characteristics. This quiz covers gold-specific topics including pip values (they're different from forex pairs), the gold-dollar inverse correlation, typical spreads, NFP impact, contango, minimum account balances for gold trading, and why gold EAs need news filters. If you're trading gold without knowing this stuff, you're gambling — not trading.
🛡️ Risk Management Quiz (12 Questions)
Risk management is the single most important skill in trading, yet it's the most overlooked. This quiz covers the 1-2% rule, the asymmetry of losses (did you know a 50% loss requires a 100% gain to recover?), position sizing, portfolio heat, correlation danger, the Kelly Criterion, compounding, and risk of ruin. If you score below 60% on this quiz, that's probably the reason your trading account isn't growing.
Why Take a Forex Quiz?
Most traders jump straight into live trading without honestly assessing their knowledge, skills, or emotional readiness. Our quizzes force you to confront what you actually know versus what you think you know. The results aren't designed to make you feel good — they're designed to make you a better, more self-aware trader.
If you're interested in automated trading, check out our recommended Expert Advisors — all with verified live results on MyFXBook, free installation support, and lifetime updates.
Free Forex Trading Calculators
Knowledge is only half the equation — you also need the right tools. Our free forex calculators let you calculate pip values, lot sizes, drawdown recovery, and compound growth instantly. Essential for setting up any Expert Advisor with the correct position sizing and risk parameters.
Frequently Asked Questions
Are these forex quizzes really free?
Yes, completely free with no sign-up required. You can take all 6 quizzes, see your results, and read every explanation without creating an account or entering any personal details.
What type of forex trader am I?
Our "What Type of Trader Are You?" quiz analyses 8 aspects of your trading personality — time availability, risk tolerance, emotional response to losses, preferred trade frequency, and more. You'll be categorised as a Scalper, Day Trader, Swing Trader, or Automation Pro, with specific EA recommendations that match your style. Most people are surprised by their result, and it often explains why certain strategies haven't worked for them in the past.
Is automated trading with Expert Advisors right for me?
The biggest beneficiaries of automated trading are people who struggle with emotional trading decisions, have limited screen time, frequently miss trades because they weren't at their computer, or have a rule-based strategy but struggle to execute it consistently. If you tick even two of those boxes, an Expert Advisor could significantly improve your results. Our "Is Automated Trading Right for You?" quiz gives you a personalised assessment in under 3 minutes.
Am I ready for a prop firm challenge?
Prop firm challenges require a very specific set of knowledge — understanding daily drawdown limits, trailing drawdown mechanics, consistency rules, proper lot sizing, and which trading strategies are allowed. Our Prop Firm Readiness Test covers exactly these topics. If you score below 60%, we'd strongly recommend practising on a demo challenge before spending money on a real one. Many prop firms offer free retry discounts if you use an EA with prop-safe presets.
How is gold (XAU/USD) trading different from forex?
Gold has much higher pip volatility (2,000–3,000+ pip daily range vs. 50–80 pips for EUR/USD), wider spreads, and different pip values per lot. It's also heavily influenced by US Federal Reserve decisions, inflation data, and geopolitical uncertainty rather than the economic indicators that move forex pairs. Our Gold Trading IQ quiz tests your understanding of these differences — because trading gold with forex assumptions is a fast way to blow an account.
Why is risk management so important in forex trading?
A 50% drawdown requires a 100% gain just to break even. That single statistic explains why risk management matters more than any entry strategy, indicator, or Expert Advisor. Traders who risk 1–2% per trade can survive 10+ consecutive losses and still have 80% of their account. Traders who risk 10% per trade are statistically guaranteed to blow their account eventually. Our Risk Management Quiz tests whether you truly understand these principles or just think you do.
Can I retake the quizzes?
Yes — take them as many times as you like. Each quiz has a "Take Another Quiz" button on the results page. Many traders retake the Forex Knowledge Test after reading through the explanations to see how much they've improved. The questions don't change order, so you can also use them as a study tool to solidify your understanding of key forex concepts.