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

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

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

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

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

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

6. What is technical analysis?

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

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

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

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

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

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

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

14. A full Elliott wave cycle contains how many waves

15. The most important Fibonacci numbers are

16. Risk in markets is best described as ________