Question 1

What is the Risk : Reward Formula for Going Short (SELL)?

Accepted Answer

D. Entry - Take Profit / Stop Loss - Entry

Answer

A. Entry - Stop Loss / Take Profit - Stop Loss

Answer

C. Entry - Take Profit / Entry - Entry

Answer

B. Stop Loss - Entry / Stop Loss - Take Profit

Question 2

How To Determine The Trade Direction for BUY?

Accepted Answer

C. Take Profit above Entry
Stop Loss below Entry

Answer

A. Entry Above Take Profit
Stop Loss below Take Profit

Answer

D. Entry Below Stop Loss
Entry Below Take Profit

Answer

B. Stop Loss above Entry
Take Profit below Entry

Question 3

What is considered a NEUTRAL market?

Accepted Answer

Consolidation

Answer

COVID

Answer

Crossing

Answer

Campino

Question 4

Define "Level Up" News Pattern

Accepted Answer

A. Strong Burst Up / Down > Consolidation > Strong Burst Up /  Down Continues

Answer

C. Strong Burst Up > Strong Burst Down

Answer

D. Weak Burst Down > Strong Burst Down

Answer

B. Weak Burst Up > Weak Burst Down

Question 5

Which Timeframe Is Best To Use The Candlestick Names Indicator?

Accepted Answer

H1

Answer

M15

Answer

M5

Answer

M1

Question 6

What is Resistance?

Accepted Answer

Ceiling

Answer

Fan

Answer

Lamp

Answer

Floor

Question 7

How To Determine The Trade Direction for SELL?

Accepted Answer

D. Stop Loss above Entry
Take Profit below Entry

Answer

B. Entry Above Take Profit
Stop Loss below Take Profit

Answer

C. Take Profit above Entry
Stop Loss below Entry

Answer

A. Entry Below Stop Loss
Entry Below Take Profit

Question 8

What Direction is the Trend if there are more Buyers than Sellers?

Accepted Answer

BUY (Up Trend)

Answer

Long (Short Trend)

Answer

Short (Long Trend)

Answer

SELL (Down Trend)

Question 9

What is the Risk : Reward Formula for Going Long (BUY)?

Accepted Answer

C. Take Profit - Entry / Entry - Stop Loss

Answer

A. Stop Loss - Entry / Stop Loss - Take Profit

Answer

B. Take Profit - Take Profit / Stop Loss - Entry

Answer

D. Entry - Stop Loss / Take Profit - Stop Loss

Question 10

How to Review Previous Trades on MT4

Accepted Answer

A. Terminal > Account History
Market Watch > Select Currency Chart > Timeframe H1 >
Drag Trade Onto Correct Chart

Answer

D. Terminal > Account History > Select Currency Chart > Adjust Timeframe to MN > Drag Trade Onto Chart

Answer

C. Terminal > Account History > Select Currency Chart > Adjust Timeframe to M1 > Drag Trade Onto Chart

Answer

B. Terminal > Account History > Select Currency Chart > Adjust Timeframe to M5 > Drag Trade Onto Chart

Question 11

What Direction is the Trend if there are more Sellers than Buyers?

Accepted Answer

SELL (Down Trend)

Answer

BUY ( Up Trend)

Answer

Consolidation

Answer

Neutral

Question 12

What is Support?

Accepted Answer

Floor

Answer

Lamp

Answer

Ceiling

Answer

Fan

Related quizzes

Related quizzes