Forex Prop Reviews Quiz number 4!

#1. Multiple time frame analysis is simply the process of looking at ___.

One currency against its different counterparts

A single pair or market on different time frames

Different pairs on the same time frame

#2. What is a drawdown?

The reduction of one's capital after a certain duration of time.

The reduction of one's capital after a certain number of trades.

The reduction of one's capital after a series of losing trades.

#3. Support and resistance levels would be more likely to hold in smaller time frames than in larger ones.

True.

False.

#4. When does trading become gambling?

When you don't plan or enforce money management rules.

When you go to a casino with your laptop and trade there.

When your potential reward is small.

#5. ___ time frames are ideally used for deciding where to best enter a trade.

Shorter.

Longer.

#6. When the price is trading within a channel, what is it doing?

Four green candlesticks form

Price traders within two parallel lines

Price trades within two intersecting lines

#7. Who among the following traders is doing multiple time frame analysis?

Trader 1 who is looking at one-hour charts of EUR/GBP, EUR/USD, and EUR/CHF.

Trader 2 who is checking the EUR/USD in the one-hour, four-hour, and daily charts.

Trader 3 who is checking all the yen pairs, trying to see which is the best to trade.

#8. What's the benefit of taking classes and having mentors to guide you in forex?

They shorten your learning curve.

They are expensive.

They are cheap.

#9. Long-term traders usually focus on what time frames?

1 minute and 5-minute charts.

1 hour and 4-hour charts

daily and weekly charts

#10. What does a 5:1 reward-to-risk ratio mean?

If you risk $250 you can lose $1250.

You stand to win $5,000 if you risk $25,000.

If you risk $350 you have a chance of winning $1,750.

#11. Which is one of the characteristics of the London session?

High barriers to entry

High spreads

High volatility

High transaction costs

#12. Which of the following is the most important factor to help determine the time frame to trade on?

Your available time to focus on your trades.

How much capital you have available.

Your personality.

#13. When drawing trend lines, you should never _____.

Never force them to fit the market.

Connect a top and a bottom.

Not connect subsequent tops and bottoms.

#14. Which currency pair does ‘’Fiber’’ stand for?

GBP/USD

USD/JPY

EUR/USD

#15. If you're a swing trader, which of the following is most likely not one of your problems?

High transaction costs.

The need to have a bigger account to ride longer-term swings.

Overnight risk.

Forex Prop Reviews Quiz number 4!

Results

#1. Multiple time frame analysis is simply the process of looking at ___.

#2. What is a drawdown?

#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?

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Forex Prop Reviews Quiz number 4!

Results

#1. Multiple time frame analysis is simply the process of looking at ___.

#2. What is a drawdown?

#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?

Leave a Reply Cancel reply

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