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. What time does the Tokyo session start in late November?
#2. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movement?
#3. Which currency pair does ‘’Ninja’’ stand for?
#4. What is the difference between the bid and the ask price called?
#5. Liquidity is lower when there are more people participating in the markets?
#6. Long-term traders usually focus on what time frames?
#7. Which is one of the characteristics of the London session?
#8. What does a 5:1 reward-to-risk ratio mean?
#9. If you wanted to trade a $30,000 position, how much money will be set aside in your account if you are using a 100:1 leverage?
#10. What is the term used to describe trading with borrowed capital?
#11. Which type of analysis looks at historical price movements to determine the current trading conditions and potential price movements?
#12. What do you call a currency pair that consists of one major currency and one currency from an emerging market?
#13. Which day of the week has the largest potential for reversals?
#14. Multiple time frame analysis is simply the process of looking at ___.
#15. Which currency pair does ‘’Yuppy’’ stand for?
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.