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

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

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

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

4. The most important Fibonacci numbers are

5. A full Elliott wave cycle contains how many waves

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

7. Risk in markets is best described as ________

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

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

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

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

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

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

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

15. What is technical analysis?

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