Time to check you’ve been paying attention. Score 75% and above in this short knowledge check and you’ll pass. To earn your certificate of completion you’ll need to pass the knowledge check and make sure all lessons are completed and ticked off.
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Question 1 of 7
1. Question
For a typical short term trader, using financial spread bets, the largest cost they incur is what?
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Question 2 of 7
2. Question
Spread is the difference between which two prices?
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Question 3 of 7
3. Question
All things being equal, a trader will pay more in total spread if:
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Question 4 of 7
4. Question
The UK100 spread bet market is being quoted at 7415.2 – 7416.0. The tradable unit is 1 (a one-point move is 1). A trader goes long at £100 a point trade, closing it later when the market quotes 7426.4 – 7427.2. How much total spread have they paid?
CorrectIncorrectHint
Spread is calculated by taking the difference in the bid-offer price multiplied by stake, adjusted for the bet per (in this case it is 1 so no need to adjust).
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Question 5 of 7
5. Question
The UK100 spread bet market is being quoted at 7415.2 – 7416.0. The tradable unit is 1 (a one-point move is 1). A trader goes long at £100 a point trade, closing it later when the market quotes 7426.4 – 7427.2. What is their profit or loss from the trade?
CorrectIncorrectHint
When calculating profit or loss take the difference between the price the trade was opened at and the price it was closed at. Multiply by the stake and adjust for the bet per.
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Question 6 of 7
6. Question
Overnight funding is typically charged at which time?
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Question 7 of 7
7. Question
Overnight funding is charged on what?
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