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

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

2. Risk in markets is best described as ________

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

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

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

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

7. What is technical analysis?

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

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

10. A full Elliott wave cycle contains how many waves

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

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

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

14. The most important Fibonacci numbers are

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

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