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

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

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

3. The most important Fibonacci numbers are

4. A full Elliott wave cycle contains how many waves

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

6. What is technical analysis?

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

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

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

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

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

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

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

14. Risk in markets is best described as ________

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

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