Trading Assessment Quiz – Will you be the first to pass?

1. Traders must be ______ to have the best chance of winning in the long run

2. What is technical analysis?

3. What is the “sweet spot” for buying in a rising impulse wave

4. The largest financial market in the world is the _____

5. If currency pairs GBP/AUD and GBP/CAD have a correlation of 0.88 it is likely because

6. True or False: The 1-hour time chart is the best one for use with fast moving markets

7. What’s one of the first things a new trader should do to prepare to do technical analysis?

8. Select the best statement(s). Gaps in a security’s occur because of ________

9. If BC retraces AB by 50%, what minimum Fibonacci percentage should you expect for CD?

10. The most important Fibonacci numbers are

11. Fundamental analysis analyzes markets and securities by looking at ________

12. What is the most important factor determining whether a candlestick will denote a reversal point in the market?

13. Which foundational tool works best to confirm Fibonacci levels in the market

14. Risk in markets is best described as ________

15. A full Elliott wave cycle contains how many waves

16. One widely available tool used by professional traders but not by retail traders is