It’s Friday and we have prepared yet another weekly quiz for our community, where anyone can test their general trading knowledge. The quiz consists of 15 questions where you must choose the correct answer.
#1. Multiple time frame analysis is simply the process of looking at ___.
#3. Support and resistance levels would be more likely to hold in smaller time frames than in larger ones.
#4. When does trading become gambling?
#5. ___ time frames are ideally used for deciding where to best enter a trade.
#6. When the price is trading within a channel, what is it doing?
#7. Who among the following traders is doing multiple time frame analysis?
#8. What's the benefit of taking classes and having mentors to guide you in forex?
#9. Long-term traders usually focus on what time frames?
#10. What does a 5:1 reward-to-risk ratio mean?
#11. Which is one of the characteristics of the London session?
#12. Which of the following is the most important factor to help determine the time frame to trade on?
#13. When drawing trend lines, you should never _____.
#14. Which currency pair does ‘’Fiber’’ stand for?
#15. If you're a swing trader, which of the following is most likely not one of your problems?
Additionally, for anyone who is looking to start trading and doesn’t have the capital to do so. You can check our post about what working for a prop firm looks like.