Trading Quiz #1
Master the Market: Trading Quiz
Test your trading knowledge with our comprehensive quiz designed for both beginners and seasoned traders. Dive into key concepts of market cycles, resistance, support, and more!
Challenge yourself with:
- 8 thought-provoking questions
- Instant feedback on your answers
- Insights into effective trading strategies
If a price cannot past a certain point when going up this is called..
Resistance
Support
Trend
Median
If a bear candle closes below support, do you immediately sell?
Yes
No
Wait for retrace
How many phases are in the market cycle
2
4
5
3
Which phase of the market cycle is the safest to trade?
Expansion
Accumulation
Reversal
Retracement
Bonus
Which part of the market cycle is your fastest trade
Reversal
Retracement
Accumulation
Bonus
Expansion
When is the best time to take a buy position?
When price breaks resistance
When price breaks support
When price is in phase 4 of the market cycle
When price consolidates
If the price is not creating new highs or lows what phase of the market is it in?
Expansion
Accumulation
Reversal
Retracement
Bonus
If you have a $250 account, how much should you spend total on your positions?
$25
$100
$50
$150
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