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Introduction to Financial Markets

 

1.What’s the most liquid and also the biggest financial market in the world?

Forex market

Shop market

Crypto market

Stock market

2.Which stock exchange is the largest in the world?

Euronext

London Stock Exchange

New York Stock Exchange

Hong Kong Stock Exchange

3.Which type of market is more transparent: centralized or decentralized?

Centralized

Decentralized

4.What time does the Forex market open?

24 hours a day, 7 days a week.

It is open from 5 p.m. EST on Sunday until 4 p.m. EST on Friday.

it is open during the weekend.

5.Name a major centralized stock exchange in the technology sector.

Euronext

London

Hong Kong

Frankfurt

NASDAQ

Why is OTC being considered less transparent?

Because it is heavily regulated.

Liquidity can only be seen on trading platforms.

Volume and depth of the market cannot be seen.

Is it possible to trade CFD in Forex?

Yes.

No, never.

No, only with a specialised licence.

What is the general name of the market where transactions are held between buyers and sellers?

Stock market

Decentralized market

Centralized market

Futures market

Can retail traders act as market makers in the OTC market?

No

Yes

Is it true that centralized financial markets are typically not regulated?

It depends from state to state.

Yes, they are not typically regulated.

No, they are always regulated.

No, centralized financial markets are typically regulated.

 

Instruments traded in the Financial Markets

 

Is it true that Forex is characterised by high liquidity?

Yes

No

Is this statement true or false: Cryptocurrencies are not regulated and have low volatility.

FALSE

TRUE

What’s typical for blue chip stocks? ( 3 đáp án đúng )

Regular payments via dividends

Large market cap

Stable growth

Low trading volume

Low liquidity

Name some factors which impact the price of commodities. ( cả 5 đáp án đúng )

Climate change

Trade wars

Outages

Lack of global resources

Civil wars

Would you consider the equity index S&P 500 as an index with high volatility?

Yes

No

In the NZD/USD currency pair, which one is the base currency?

New Zealand Dollar

US Dollar

Where can you trade stocks or stock derivates? ( cả 4 đáp án đúng )

FTMO

EURONEXT

OTC Market (over the counter)

NASDAQ

Can you trade commodities through CFDs?

Yes

No

Can you trade equity indices through futures?

No

Yes

Which equity index consists of these companies: BMW, Adidas, Bayer, Lufthansa, Siemens…

NIKKEI 225

S&P 500

Russell 2000

DAX 40

NASDAQ 100

How would you refer to somebody who owns stocks?

Optionsholder

Futuresholder

Commodityholder

Shareholder

Bondholder

 

Trading Terminology

 

True or False? – Volatility indicates the fluctuations in the value of an asset or its rate of return over a period of time and the risk of investing in assets.

FALSE

TRUE

What is a trading platform?

Social network for traders around the world.

A place where traders meet and present their trading ideas.

A platform designed to educate traders.

Software system to manage market positions.

What is “Spread”? ( 4 Đáp án đều đúng )

Difference between Bid and Ask price.

Difference between supply and demand.

Expense that a trader must take into account while trading.

Difference between sell price and buy price.

What are some of the tools you can use to hedge? ( cả 4 đáp án đúng )

Options

Futures

Forwards

Swaps

Does balance consider open positions?

Yes

No

What does “going long”mean?

Expectation that an instrument will increases in value.

Expectation that an instrument will decrease in value.

Expectation that the size of the position will be lower.

Expectation that the size of the position will be higher.

Which stocks have higher volatility?

Penny stocks

Bluechip stocks

Tiny stocks

Promo stocks

What statement is true about the scalper? Scalper:

holds positions for minutes.

holds positions for months and more.

holds positions for days or weeks.

is often called a Dealer.

is often called a Shopper.

holds positions for hours.

What Win Rate and Reward Risk Ratio are relatively good for the long-term profitability of your strategy?

75% winrate, 0.1 RRR

10% winrate, 1 RRR

60% winrate, 1.5 RRR

19% winrate, 1.9 RRR

What statement is true about a position trader? Position trader: ( 2 đáp án đúng )

holds positions for months and more.

is often called an Investor.

holds positions for minutes.

holds positions for days or weeks.

is often called a Positioner.

holds positions for hours.

Is it true that Pip is defined as a percentage of one percent of 0.1?

FALSE

TRUE

Does Equity consider only closed positions?

Yes

No

What is the general meaning of a Long or a Short position?

Speculation on a swing price movement.

Speculation on the future price movement.

Speculation on the present price movement.

Speculation on the past price movement.

Would you agree that once a stop loss order is executed, you log a loss in your balance?

No

Yes

What statement is true about the day trader? Daytrader:

holds positions for hours.

is often called an Investor.

is often called an Expecter.

holds positions for days or weeks.

holds positions for months and more.

holds positions for minutes.

What statement is true about a swing trader? Swing trader:

holds positions for hours.

holds positions for months and more.

is often called a Dealer.

holds positions for days or weeks.

holds positions for minutes.

is often called a Swayer.

 

CFD – Contracts For Difference

In which century was the first financial derivative created?

In the 19th century.

In the 21th century.

In the 20th century.

In the 18th century.

True/False. You cannot benefit from “shorting” stocks thanks to CFD contracts.

TRUE

FALSE

What does DMA stand for?

Direct Market Access

Diverse Market Agency

Divergence Money Asset

Drawdown in Multiple Assets

True or False? – In general, CFDs have standard contract terms globally.

TRUE

FALSE

Can you be charged for holding CFDs overnight?

No

Yes

If you are holding CFDs, what type of fee will you be charged? ( 2 đáp án đúng )

Provision

Swap

Commission

Tariff

Salary

Does the price of derivatives depend on the underlying asset?

No

Yes

Is it possible to physically hold CFDs?

No

Yes

Choose available markets to trade through CFD. ( cả 3 đáp án )

Stock

Index

Commodity

 

What is Forex and how it differs from other markets

How many currency pairs exist in Forex?

More than 50

Between 20-50

Up to 20

Is it possible to hold Forex pairs through CFDs for months?

Yes

No

Who is among the biggest players in the forex market?

Central Banks

Local banks

Retail traders

Hedge funds

True or False? – Forex is a centralized market.

TRUE

FALSE

What does the word Forex mean?

Forever Expo

Forecast Expert

Foreign exchange

Force exchange

 

Forex Market Structure and Participants

Is the volume of depth of the Forex market transparent?

Yes, it’s transparent.

No, it’s not transparent.

Can investment companies and hedge funds enter the FOREX market?

No

Yes

Is it correct that A-book brokers act as counterparties to their clients’ trades?

No

Only when C-book brokers act this way.

Yes

What model does FTMO use?

B-book

D-book

C-book

A-book

What statement is true about a B-book broker? It…

is a trading broker.

becomes the counterparty of the trade.

uses an electronic communication network that gives its clients access to the market.

is a market making broker.

What does STP mean?

Shielded Twisted Pair

Spanning Tree Protocol

Straight-Through Processing

One of the main advantages of trading on OTC is that it… (Complete sentence)

is not controlled by individuals or people.

is regulated by forex market.

is controlled by individuals or people.

What intentions do National & Central banks have?

They want to support private banks.

They conduct monetary policy.

They act as C-book brokers.

Which broker will more likely give you slippage?

C-book broker

A-book broker

B-book broker

What statement is true about an A-book broker? It…

uses electronic communication networks that give their clients access to the market.

becomes the counterparty of the trade.

is a trading broker.

is a market-making broker.

Can a position trader enter the FOREX market?

Yes

No

 

What is traded in Forex? Currencies and Correlations.

What are the two parts of the currency pair generally referred to as?

Base and bound

Basic and superstructure

Base and quote

Basement and quoter

What is the nickname for the EUR/USD currency pair?

Fiber

Aussie

Loonie

Kiwi

Currency pairs with the US dollar as the base currency are called Exotic currency pairs.

No

Yes

It depends on the specific currency pair.

What is the base currency in the EUR/GBP currency pair?

EUR

both

GBP

Is there a negative correlation between Crude oil and USD/CAD?

Yes

No

How many slashes do we need to use to separate a Forex pair?

2

1

3

What is the most liquid currency pair?

EUR/USD

NZD/USD

GBP/USD

EUR/GBP

Which currency pairs are less liquid?

Exotics

Neither of the above

Minors/Crosses

Majors

The US Dollar makes 75% of all foreign exchange transactions. Is that correct?

No

Yes

If the EURUSD currency pair is at 0.9, what does it mean?

1 EURUSD equals 0.9 USDEUR

1 EUR equals 0.9 USD

1 EUR and 1 USD equal 0.9 EURUSD

1 USD equals 0.9 EUR

 

Forex Trading Hours and Sessions

 

Is it possible to trade the Asian sessions during the FTMO Challenge?

No

Yes

What is typical for the “London/New York overlap”?

Usually nothing happens.

It usually brings a lot trading opportunities.

Market stops for a while.

How often is the Forex market generally closed?

7 days a week

2 days a week

5 days a week

DAX40 and Stoxx600 are … indices? (complete sentence)

European

American

Asian

Which days generally provide highest volume?

Weekends

Monday and Friday

Tuesday, Wednesday and Thursday

As a European, can you trade the Asian session?

Yes

No

Only if you live in Asia.

Which of these sessions brings the lowest volume?

London session

New york session

Asian session

What is the last trading session of the day based on London time/GMT?

London

Asian

New York

 

Technical, Fundamental, Sentiment and Statistical Analysis. Which one is best?

 

How many types of analyses can we use while trading?

5

3

2

4

What informs us about upcoming events where data releases are perfectly planned?

World Economic Summit

COT

Macroeconomic calendar

Which analysis works very closely with technical analysis?

Sentiment

Statistical

Fundamental

What does COT stand for?

Cycle of Trader

Commission on Trader

Commitment of Traders

Complexity of Trading

What type of analysts have to watch interest rates, government decisions, central banks’ decisions and macroeconomic events?

Technical

Fundamental

Statistical

…. shows overbought and oversold conditions on the chart. (complete sentence)

RSI

An Ichimoku cloud

MACD

What type of traders follow different economic, social and political aspects?

Sentiment

Technical

Fundamental

Is technical analysis more subjective or objective?

Objective

Subjective

….. analysis determines the value of different news events. (complete sentence)

Fundamental

Technical

Sentiment

……. analysis is based on historical patterns and behaviours. (complete sentence)

Sentiment

Technical

 

Margin Trading

 

… represents the current value of your trading account. (complete sentence)

Balance

Total margin

Equity

What happens when you reach your margin call level?

You must open new positions.

You are unable to open any new positions.

You take profits.

You take loss.

Who usually issue the Margin call?

Investor

Broker

Bank

Trader

Realized PnL represents gains or losses that have been converted into your account …. ? (complete sentence)

Total margin

Equity

Balance

What happens if you are charged a swap fee?

Your balance increases.

It does not affect your equity.

It does not affect your balance.

Your equity decreases.

Your equity increases.

Your balance decreases.

Do margins differ, or are they the same?

Each regulator sets a margin for selected brokers.

Each broker sets his own margin.

The same.

Can you hold a position in FOREX overnight?

Yes

No

What’s the difference between the initial margin and the required margin?

No difference.

Initial margin is always bigger than the required margin.

Initial margin is always smaller than the required margin.

Thanks to Margin trading, you can enter positions which are … than your account balance.

Smaller

Bigger

 

cTrader Guide

Which chart types are available by clicking on the time period next to the symbol name in cTrader?

Chart types based on time, ticks, range or renko charts.

Line charts and dots charts.

Bar charts and candlestick charts.

Candlestick charts.

What is the shield icon used for on PC in cTrader?

For setting a Stop Loss for a Break Even.

It allows you to set advanced Stop Loss and Take Profit orders.

For setting a Stop Loss.

For setting one specific Take Profit.

What is the U-turn icon in cTrader used for?

To open a new position when the price moves in the desired direction.

To double your existing position.

To close all positions.

To immediately close your positions and to open one in the opposite direction.

 

Japanese Candlesticks

 

What is the name of candlesticks that close above the opening price?

Bullish candlesticks

Eagle candlesticks

Bearish candlesticks

Trend candlesticks

What parts are Japanese candlesticks made of?

Body, wick and handle

Body and wick

Body and tick

Body, wick and candle

What type of candlestick pattern is the Dragonfly candlestick Doji?

Bearish pattern

Bullish pattern

Short day candlesticks are usually used as an entry or an exit signal. Yes or no?

Yes

No

What type of candlestick pattern is Doji?

Indecision pattern

Progress pattern

Independent pattern

Continuation pattern

What do the wicks of a candlestick represent?

They show the highest and the lowest point of a bearish open position.

They show the highest and the lowest prices at which an instrument has traded over a specific time period.

They indicate liquidity of a specific timeframe.

They indicate where the price has fluctuated relative to the closing prices.

What type of candlestick has no upper, lower or both wicks?

Marubozu candlestick pattern

Doji candlestick pattern

Long day candlestick pattern

Where can we find the Japanese candlesticks pattern?

Only on a one-minute candlestick chart.

Only on the bearish and bullish chart.

Only in the trading platform.

Only once we choose a chart representation of the selected instrument in the form of a candlestick chart.

What type of analysis do candlesticks belong to?

Fundamental

Sentiment

Statistical

Technical

What timeframe of candlestick charts is best for executing a position?

One-day candlestick chart

5-minute candlestick chart

Not defined

Three hours candlestick chart

 

Types of Trading Chart

Which type of trading chart is most used for trading?

Time-based

Non-time based

Which trading chart eliminates the time factor?

Candlestick chart

Tick chart

Bar chart

Renko chart

Which type of a trading chart is based on candlesticks but has a different calculation method?

Heikin Ashi chart

Range chart

Bar chart

Ichimoku Cloud chart

Is it possible that we have two traders with identical behaviour?

Yes, it depends on the type of a trader.

Yes, once they have the same strategy.

No, only If they have the same trading platform.

No, never.

What type of trading chart can you set up for a specific period of time, based on your own range or tick as you want?

Renko chart

Heikin Ashi chart

Candlestick chart

Tick Chart

What is the most popular method for a price action strategy?

Bar Charts

Heikin Ashi pattern

Renko pattern

Chart and Candlesticks patterns

What type of trading chart filters out noise and helps a trader to see the trend more clearly?

Renko chart

Tick Chart

Candlestick chart

Heikin Ashi chart

Which units represent trading movements in the Renko pattern?

Heikin Ashi Candles

Squares

Candlesticks

Bricks

 

Market Environment – Ranges vs Trends

 

What strategy will be probably used in ranging markets?

Breakout strategy

Mean reverting strategy

Up & Down strategy

Trend following strategy

Is it better to follow trends or ranging markets?

Ranging markets are better for trading.

It depends on you, but markets are more ranging than trending.

Trend markets are better for trading.

It depends on you, but markets are more trending than ranging.

If we are in a … and the last swing is … which leads to the lowest … being broken, we can possibly see some opportunities for long positions. (complete sentence)

Uptrend, low, high

Downtrend, high, low

Uptrend, high, low

Downtrend, low, high

The highest price level is acting as ….. in ranging markets. (complete sentence)

Support

Trend

Stop loss

Resistance

What is another name for ranging markets?

High and low markets

Sideways markets

Rectangle markets

Zone markets

Support & Resistance markets

How can you recognize an uptrend?

Candlestick chart represented in a selected period by lower highs and higher lows.

Candlestick chart represented in a selected period by higher lows and higher lows.

Candlestick chart represented in a selected period by lower highs and lower lows.

Candlestick chart represented in a selected period by higher highs and higher lows.

What indicator is the most popular one for determining trends?

Regression testing

RSI

Fibonacci sequence

Moving averages

The Bollinger bands is one of the most popular mean reversion indicators.

No

Yes

What do lower lows and lower highs represent?

Downtrend

Uptrend

Nothing worth mentioning

 

Support and Resistance

 

What do support and resistance represent?

Uptrends and downtrends

Part of the financial market

Time period

Exact price points

Zones

What do breakout traders do?

They search for fake breakouts.

They predict Fibonacci sequence breakouts.

They search for trading opportunities via a breakout indicator.

They anticipate if levels will be broken or not.

What can be also used as significant support and resistance levels?

Specific time hours

Round numbers

Pivot points

Interest rates

What time frames have more significance for a swing trader?

10 to 20 minute charts

1 to 5-minute charts

30-minute charts

Hourly, daily or weekly charts

Is it true that support and resistance zones are stronger or weaker depending on the amount of times they are touched by price movements?

Yes

No

Cannot be said

Is it correct, that diagonal support and resistance can be more subjective than horizontal as they can be drawn by connecting any two and more price swings?

Yes

No

What are trend lines?

Horizontal support and resistance

Diagonal support and resistance

The more touches the trendline has, the more … it becomes and it’s likely … (complete sentence)

Weaker, not to break.

Weaker, to break.

Stronger, not to break.

 

Supply and Demand Trading

 

What happens with the price if many buyers are willing to buy for a higher price?

Price goes down

Price goes up

Price stays the same

Price is ranging

For every buyer there has to be a seller and vice versa, is that correct?

No

Yes

Zones on higher time frames carry … value than on lower time frames. (complete sentence)

Less

Fresh

Equal

More

What do you have to look at if you want to identify supply and demand zones ?

Tick chart pattern

Consolidations

Heikinashi Candles

Double top pattern

If aggressive buyers overcome the sellers, what happens?

Demand overcomes supply

Supply overcomes demand

Are supply and demand dynamics also present in financial markets?

Yes, anywhere in the world

Sometimes

Only in stocks and futures

No

Who has the biggest impact on the markets?

Retail traders

Cities

Large funds, banks and institutions

Brokers

What two types of orders can traders place?

Limit and market orders

Limit and direct orders

Limit and cap orders

Limit and continuity orders

 

Chart Patterns Trading

 

When do inverse head and shoulders occur?

Before an extended uptrend.

After an extended downtrend.

Before an extended downtrend.

After an extended uptrend.

Inverted Cup&Handle is a … continuation pattern. (complete sentence)

Bullish

Bearish

What pattern is this: a bearish reversal pattern characterised by the peak which is shortly followed by a second peak at the same or a very similar price point.

Flag

Double bottom

Double top

Falling Wedge

The … triangle is visible when the market is bouncing from resistance but cannot make higher highs. (complete sentence)

Ascending

Extension

Continuation

Descending

What kinds of flags exist?

Strong and weak

Bullish and bearish

Red and green

Support and resistance

Small and big

… is a continuation pattern that gives you an opportunity to enter the market in the middle of a trend. (complete sentence)

Double Bottom pattern

Flag pattern

Head&Shoulders pattern

Double Top pattern

A double top pattern is usually created as a topping formation at the end of a trend, correct?

No

Yes

The descending triangle is visible when the market is bouncing from support but cannot make lower … (complete sentence)

Peaks.

Lows.

Equals.

Highs.

Price is bouncing from resistance and is unable to make lower lows on each bounce. What possible signal is that?

Bearish

Bullish

What is the neckline?

A level where the price bounces.

Possible resistance level where the price bounces. Sell different financial assets.

Possible support level where the price bounces.

 

Fibonacci Trading

 

Why do traders use Fibonacci numbers?

It’s a brand new feature from 2002. Artificial Intelligence calculates it.

It’s a paid feature and only top traders know how to use it.

These numbers have important meanings in technical analysis for many traders.

Fibonacci retracement can be used … (complete sentence)

Only as a resistance area.

Only as a horizontal support.

As a support and resistance area.

Which numbers belong to the Fibonacci sequence?

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…

0, 1, 1, 2, 2, 2, 3, 3, 5, 8, 8, 13, 21, 34, 50, 55, 89, 146…

0, 1, 2, 3, 5, 13, 21, 34, 55, 87, 146…

0, 1, 1, 2, 2, 3, 5, 8, 8, 13, 21, 34, 55, 89, 146…

What decimal number is called the “golden ratio”?

68.1 (1.681)

86.8 (1.868)

61.8 (1.618)

81.6 (1.816)

What is the main disadvantage of using the Fibonacci retracement/extension in the technical analysis?

It compliments with other technical analysis tools.

There are no downsides.

It can’t be used alone for price predictions.

Is the 50% retracement a Fibonacci level?

No, but it’s popular to use.

Yes, it’s the most used one.

Yes.

How are standard numbers of Fibonacci sequence generated?

By multiplying the previous two numbers starting with 0 and 1.

By adding the previous two numbers starting with 0 and 1.

By subtracting the previous number starting with 0 and 1.

The most popular Fibonacci retracement levels in trading are:

21.6, 38.2, 50, 60.8 and 78.6

23.9, 61.8 and 88.2

23.6, 33.8, 61.8 and 77.1

38.2, 50, 61.8

The Fibonacci sequence is a series of numbers where each number is the sum of the … preceding numbers. (complete sentence)

three

four

two

What is the purpose of the Fibonacci extension?

It predicts possible future horizontal supports and resistances.

It shows uptrends and downtrends instantly.

It shows market depth.

It shows market c

 

Technical Indicators

 

What does the kijun-sen line represent in the Ichimoku cloud?

The midpoint of the last 9 time periods.

The midpoint of the last 26 time periods.

The midpoint of the last 52 time periods.

Do you need to watch technical indicators while trading?

No, but they are useful and there are traders who can’t imagine trading without them.

Yes, it’s a requirement to do it.

What units does “RSI” measure?

Volume of the market.

Depth of the market.

Velocity and magnitude of price movements.

Support and resistance levels.

Is the Bollinger Band a type of a moving average?

No

Yes

What information can Bollinger Band provide?

Trend and volatility

Trend and momentum

Liquidity and momentum

What is the significance of a price trend being above the Ichimoku cloud?

It signals a momentum trend.

It signals a bearish trend.

It signals a neutral trend.

It signals a bullish trend.

What is “RSI”?

Resistance Strength Index

Robust Strenght index

Risk strength index

Relative Strength Index

How many indicators do we have?

10 – 30

Up to 10

Hundreds and more

30 – 100

What does the MACD (Moving Average Convergence Divergence) indicator measure?

Momentum

Trend

Volatility

 

Divergence trading

 

What is the main difference between bullish and bearish divergences?

Bullish divergences signal a potential downtrend.

Bullish divergences signal a potential uptrend.

What is a bearish divergence in divergence trading?

A signal that suggests a potential downtrend.

A signal that suggests a market trend is about to continue.

A signal that suggests a potential uptrend.

A signal that suggests a market trend is about to change.

What is divergence trading?

It is a type of a trading strategy that uses technical indicators to identify market trends.

It is is a type of a trading strategy that identifies and exploits direction of price movement.

It is a type of a trading strategy that buys low and sells high.

It is a type of a trading strategy that involves buying and holding an asset for a long period of time.

Regular divergences are useful for trend reversals, is that correct?

No

Yes

In what type of conditions is it better to use divergences?

In sharp trends.

In slow ranging markets.

We have two types of divergence trading. What are they called?

Visible and hidden.

Visible and secret.

Regular and secret.

Regular and hidden.

What are divergences not used for?

To manage our existing positions.

To provide a guarantee of success.

To spot possible reversals.

 

How to spot breakouts and fakeouts

 

What do we use Volatility for?

It measures direction of a trend or price movements.

It measures price fluctuations.

It measures risk.

It informs about economic conditions.

It measures fundamentals.

What is a breakout in trading?

A sudden increase in price.

A sustained increase/decrease in price after breaking through a resistance/support level.

A sustained increase in price after breaking through a support level.

A sudden decrease in price.

When can volatility be avoided?

During central bank’s decisions.

During releases of important macroeconomic news.

During geopolitical events.

During local holidays.

Can a breakout happen during high volatility?

Yes

No

Why do fakeouts occur?

An unexpected change in price action.

Unexpected local news.

Market manipulation.

A technical error.

What is the main goal for a trader trading breakouts?

To buy low.

To enter a trade as the price breaks through support or resistance levels.

To short the market.

To enter a trade at the bottom of a trend.

 

Multiple timeframe analysis

 

What is the optimal time frame combination you should use in multiple timeframe analysis?

Cannot be said

30-minute and 4-hour

5-minute and weekly

15-minute and daily

Is multiple timeframe analysis applicable to all types of financial markets and instruments?

No, it depends on the market and the instrument traded.

Yes, to all without exceptions.

Does using multiple timeframes increase the accuracy of trading sessions and your profits?

No

Yes

Does a multiple timeframe analysis improve the profitability in trading?

Cannot be said

Yes

No

Do you need to pay much attention to monthly, quarterly and yearly charts when you trade intraweekly and intraday?

Yes

No

How does reviewing multiple timeframes affect the amount of time spent on analysis?

It depends on the trader’s level of expertise.

It has no impact on the amount of time spent on analysis.

It increases the amount of time spent on analysis.

It decreases the amount of time spent on analysis.

One of the following characteristics for a multiple timeframe analysis isn’t correct, which one is it?

A complementary technical tool for trading analysis.

To see the market in a bigger picture.

A comprehensive view of the market.

Improved trading strategy.

Does the multiple timeframe analysis only apply to short-term trades?

No

Yes

Is it better to use only a single timeframe in multiple timeframe analysis?

No

Yes

Does a multiple timeframe analysis apply only to stocks and not to other financial markets?

Yes

No

 

Fundamental Indicators

What is GDP – Gross Domestic product?

Measure of a country’s economic output.

Measure of a wealth of a country.

Measure of government spending.

Measure of goods value.

What does the Trade Balance represent?

Gross Domestic product

Government spending

National debt

Balance of payments

Standard of Living

Inflation

The balance between the imports and exports

Exchange rate

A decrease in GDP indicates a … economy and therefore the possibility of falling prices in the currency.

weakening

strengthening

stable

Which of these facts about CPI – Consumer price index are incorrect?

The indicator of the growth.

Influences a monetary policy.

An increase of the CPI indicates possible interest rates rise.

An increase of the CPI indicates possible lower interest rates.

Can a change in gross domestic product have an impact on foreign currency?

Cannot be said

Yes

No

What does not belong to Employment reports?

Changes

Payrolls

Gross domestic product

Numbers

Rates

What is the most anticipated financial report?

US ADP

Australian Monthly Employment Report

The European Labour Force Survey

The Canada Labour Force Survey

US NFP

What are the main advantages of the US NFP and many other macro-economic reports?

They are not falsified.

They directly depend on GDP.

They are accurate.

They do affect prices of the related FOREX pairs.

How many fundamental indicators do we have?

4

8

10

More than 10

 

Economic Calendar

 

The more important the news, the … impact in terms of volatility is expected. (complete sentence)

smaller

bigger

Which one of the following statements about the Economic calendar is correct?

It tells you when key economic events are going to happen.

Economic calendars only contain data about interest rates, inflation rates, and currency exchange rates.

Economic calendars are completely reliable and should not be double-checked before making investment decisions.

Economic calendars are only useful to traders who are looking to make investment decisions.

Is the Economic Calendar an important part of fundamental analysis?

No

Yes

How often should a day trader pay attention to the economic calendar?

Daily

Yearly

Weekly

Is it true that macroeconomic news announcements are often connected to higher volatility?

No

Yes

How many economic calendars do we have in general?

One – Forex Factory Economic calendar

Each nation has its own economic calendar

There are a lot of economic calendars

What does a government’s economic policy do?

It influences the price of goods and services.

It regulates government spending.

It measures the economic growth.

All of the answers above.

Which of the following economic indicators is an indicator of economic growth?

Interest rates

Inflation

GDP

Unemployment

Does FTMO offer an economic calendar on its website?

No, its not available on the FTMO website

Yes, it is a very useful tool for traders and it’s available on the FTMO website

 

Risk-on VS Risk-off

 

What are the typical risk-off assets?

Platinum

German bonds

Oil

Gold

Stocks

U.S. Treasury bonds

What type of investment is generally more volatile?

Metals

Risk-off asset

Risk-on asset

Bonds

What is a typical behavior for a risk-off environment?

Market participants feel optimistic about the economy.

Market participants feel pessimistic about the economy.

Nothing changes for market participants.

What is tracking the performance of the US Market?

VIX

XIV

BIDAX

Dollar index

Which statement below does not belong to the benefits of tracking the U.S. Dollar Index?

Allowing countries to compare their currency performance to the U.S. dollar.

Allowing to detect changes in the value of the U.S. dollar.

Helping investors assess currency risks.

Helping to understand trendlines.

What is an example of a low-risky asset?

Safe haven

Crude oil

Copper

Stocks

What does the US Dollar index track?

Minors and Exotics

All currencies apart from Exotics

All major currencies

How do market participants feel about the economy when there’s a risk-on environment?

Market participants feel optimistic about the economy, so they incline towards less risky assets.

Nothing changes for market participants.

Market participants feel pessimistic about the economy, so they incline towards riskier assets.

Market participants feel pessimistic about the economy, so they incline towards less risky assets.

Market participants feel optimistic about the economy, so they incline towards riskier assets.

What does “carry trade” mean?

Borrowing safe-haven assets at a low interest rate and then buying a riskier asset in other markets.

Borrowing safe-haven assets at a low interest rate and then buying a less risky asset in other markets.

Borrowing safe-haven assets at a high interest rate and then buying a less risky asset in other markets.

Borrowing safe-haven assets at a high interest rate and then buying a riskier asset in other markets.

What is the U.S. Dollar Index?

A measure of the dollar’s strength against other local currencies.

A measure of the dollar’s strength against foreign currencies.

A measure of the dollar’s strength against the Euro.

A measure of the dollar’s strength against gold.

 

Profit Target

What is the Profit Target in the Verification stage on the Aggressive risk account at FTMO?

5%

15%

20%

10%

Is the Profit Target present on FTMO Accounts at FTMO?

Yes, but only on the Aggressive risk account.

Yes, but only on FTMO Accounts with the initial balance of $200,000.

Yes, of course.

No, the Profit Target is present only in the Evaluation Process.

Is the Profit Target different during the FTMO Challenge and Verification at FTMO?

No.

No, but sometimes changes over time.

Yes.

 

Maximum Loss

 

Do commissions and swaps count as part of the Maximum Loss at FTMO?

We do not charge any commissions or swaps.

The limit includes only commissions.

Yes, the limit is inclusive of commissions and swaps.

No, commissions and swaps do not apply to the limit.

What is the limit of the initial account balance below which the equity on the Aggressive risk account must not fall at FTMO?

95%

There is no limit.

90%

80%

What is the Maximum Loss on the Normal risk account at FTMO?

5%

25%

20%

10%

 

Maximum Daily Loss

 

Do commissions and swaps count as part of the Maximum Daily Loss at FTMO?

We do not charge any commissions or swaps.

The limit includes only commissions.

No, commissions and swaps do not apply to the limit.

Yes, the limit is inclusive of commissions and swaps.

At what time does the Maximum Daily Loss reset at FTMO?

At midnight, Tokyo time.

At 3 PM EST.

At midnight CE(S)T.

At midnight, London time.

What is the Maximum Daily Loss limit for the Aggressive account type at FTMO?

There is no limit on an FTMO Account.

10%

15%

5%

 

Minimum Trading Days

 

How many trades must a trader execute in one hour?

10 trades.

As many as possible.

This is not specified.

Exactly one.

Why did FTMO develop the Minimum Trading Days rule?

To determine the trader’s ability to manage risk seriously and to avoid ‘one lucky trade’ situations.

To make the Evaluation Process more complicated.

Because 4 is more than one.

Because we wanted you to suffer.

Do you have to trade for 4 days consecutively during an FTMO Challenge?

Yes, of course.

You have to trade for 20 days and then we pick ten out of these days.

You have to trade for at least 5 days consecutively.

No, you don’t need to, you simply need to have at least 4 Trading Days in total.

 

Trading Plan

 

Which one of the following markets is the most volatile:

Stocks

Indices

Crypto

Forex

Which of the following market conditions is better for trading?

A trending market

None, as both require different approaches

A ranging market

True or False? – You should always trade with money you can afford to lose.

TRUE

FALSE

Which one of the following pairs is the most liquid pair?

EURUSD

EURGBP

USDJPY

GBPUSD

How long is the New York trading session?

11 hours

10 hours

9 hours

The main reason to have Entry points which are well pre-defined is:

To avoid emotional trading.

To avoid FOMO trading.

To avoid impulse entries.

Which type of traders usually trade on higher timeframes?

Scalpers

Day traders

Swing traders

When the market is making lower highs and lower lows, it’s in a:

Channel

Uptrend

Downtrend

Range

SL/TP should be always set according to:

Fibonnaci retracements and extensions.

Inside/outside the market structure.

Depending on your strategy.

In the lower/upper band of Bollinger band.

Trading on lower timeframes may cause you to react emotionally.

Yes.

No.

Depending on the skills of a specific trader.

Which one of the following market sessions are the least liquid?

New York

European

Asian

 

Risk management

 

What is the primary benefit of diversifying a trading portfolio?

Increased trading volume.

Reduced risk.

Guaranteed profits.

Increased returns.

What is a calculated risk?

A risk that has been taken with no consideration on Risk to Reward Ratio.

A risk taken with precautions on all aspects of potential win-rate.

A risk that has been given a thoughtful consideration and for which the potential reward costs and benefits have been weighted and considered.

A possibility of a financial loss for which you use standard deviation from expected earnings or expected outcome.

What is the relationship between risk and drawdown in trading?

The higher the risk, the lower the potential drawdown.

There is no relationship between risk and drawdown in trading.

The higher the risk, the higher the potential drawdown.

The lower the risk, the higher the potential drawdown.

What is the Reward:Risk ratio?

The ratio of potential gains to potential losses in an investment.

The ratio of actual gains to actual losses in an investment.

The ratio of actual losses to actual gains in an investment.

The ratio of potential losses to potential gains in an investment.

What is the primary goal of risk management in trading?

To minimize losses.

To maintain a consistent level of profit.

To maximize gains.

To maximize profits.

What is an acceptable level of drawdown for a trading strategy?

It varies depending on the individual trader and their risk tolerance.

It is generally considered acceptable if it is less than 10%.

It is generally considered acceptable if it is less than 5%.

If you open a trade with a 2:1 reward-to-risk ratio, what is the amount in dollars are you risking for the potential reward of $300?

$300

$600

$150

What formula do you need to use to calculate the Reward:Risk ratio?

Potential profit / potential loss

Potential loss / potential profit

One of the following answers about the risk reward ratio is incorrect, which one is it?

It helps with control of emotions

It accounts for the odds of gains or losses

It is easy to calculate

 

How to build a robust trading strategy

 

Is it true that position traders and swing traders generally focus on short intraday timeframes?

No

Cannot be said

Yes

What is the importance of having a well-defined trading plan?

It helps you to reduce your losses

It helps you to benefit from trading

It helps you to stay disciplined and avoid impulsive decisions

If you don’t have enough time during the day, what type of a trading strategy would be suitable to use?

Scalp trading

Swing trading

Both of these types of trading are very time-consuming

Is it true that you can trade FOREX, Indices, Commodities and Crypto which are more than 100 different instruments on the FTMO platform?

Yes

No

Cannot be said

Which type of trader most often uses a long-term strategy?

Swing trader

Scalper

Day trader

Position trader

What is the purpose of a stop-loss order in a trading strategy?

To enter a trade

To maximize profits

To protect the trading account

To open limit order

What type of traders doesn’t exist?

Year trader

Swing trader

Day trader

Position trader

What is the goal of a trading strategy?

To get rich quickly.

To avoid losses at all costs.

To win every trade.

To make consistent profits.

 

How to read COT

 

What does COT stand for?

Cooperative ownership of traders

Certificate of Trading

Commitment of Taxation

Currency over-regulation Tariffs

Community of Traders

Commitment of Traders

What subjects you will not find in the COT report?

Retail traders

Private investors

Trading firms and hedge funds

Small speculators

Cryptocurrency market positions

Commercials

Large speculators

What is the COT report?

A weekly publication by the Commodity Futures Trading Commission (CFTC).

A daily publication by the Securities and Exchange Commission (SEC).

A monthly publication by the Federal Reserve.

A yearly publication by the International Monetary Fund (IMF).

What is the percentage of open positions the COT report shows at futures markets?

20 – 50%

10 – 30%

70 – 90%

50%

How often is COT published?

Once a week

Once a year

Twice a week

Once a month

Once a weekend

Once a day

Which of these are the most important players in the markets?

Cryptocurrency market positions

Commercials

Retail traders

Private investors

Large Speculators

Trading firms and hedge funds

Small speculators

Does COT serve as a confirmation tool or stand-alone strategy?

Stand-alone strategy

None of the above options

Confirmation tool

The COT report shows … positions by all the subjects that have to report their positions at CFTC. (complete sentence)

Bullish

Open

Bearish

Closed

What does not belong to Employment reports?

Rates

Payrolls

Changes

GDP

Numbers

 

Statistical Application

 

What is a gap?

The difference between the highest and lowest price.

The difference between the close price of one session and the open price of another session.

The highest price of the day.

The difference between the open price and the close price of a candle.

Why is the range analysis useful?

It shows the best price for buying or selling.

It analyses the biggest and the lowest gap.

It is useful to analyse the volatility of the underlying active.

It shows where the price will go.

What does the range measure?

It indicates how volatile the symbol is.

The difference between the close price of one session and the open price of another session.

The difference between the highest and lowest price.

It measures the percentage change of the price.

 

Backtesting a trading strategy

 

… uses a computer program to automate the backtesting process, allowing the trader to enter their desired parameters and then have the computer simulate the trades and analyze the results. (complete sentence)

None of the answers above are correct.

Every form of backtesting

Forward backtesting

Automated backtesting

Manual backtesting

Find the incorrect fact about manual backtesting.

Manual backtesting is a process of testing a strategy on historical data to evaluate its performance.

It can be used to identify a potential weaknesses in a strategy and to develop a better approach.

It allows traders to assess the profitability and risk associated with a given strategy.

Manual backtesting requires no data.

What is backtesting?

A method used to measure risk.

A method used to analyze the performance of a strategy based on historical data.

A way to predict future market trends.

A technique used to evaluate a trading strategy.

What is the difference between the manual and automated backtesting?

None of the answers above are correct.

Manual backtesting requires more time.

Automated backtesting is more accurate.

Manual backtesting is more accurate.

Automated backtesting requires more time.

What kind of backtesting removes all emotions?

Automated backtesting

Every form of backtesting

Forward backtesting

Manual backtesting

Market Correlations

 

Where are you more likely to spot market correlations?

On larger timeframes, they tend to work well in long-term price movements.

On smaller timeframes, they tend to work well in short-term price movements.

It depends on the instrument.

Can correlations between markets be influenced by external factors such as geopolitical events or economic data releases?

Yes

No

Is Crude oil important for the Canadian economy and what kind of correlation is it?

Yes, a negative correlation

No, a negative correlation

No, a positive correlation

Yes, a positive correlation

If the Australian dollar is rising, we can see a … correlation with the global economy. (complete sentence)

Neutral – No correlation between those two variables.

Positive – AUD is positively correlated with the global economy.

Negative – AUD is negatively correlated with the global economy.

When Indices go down it may signal that… (complete sentence)

there is certainly some negative correlation with cryptocurrency.

there is fear in the market.

there is great opportunity to close position.

Which one of these facts about Market correlations is incorrect?

Market correlations can change over time.

Correlations can be positive or negative, indicating that two assets move in the same or opposite direction, respectively.

High market correlation between two markets or securities can indicate that they are likely to move in tandem.

Market correlations remain constant and never change.

Is it true that both Australian and Canadian economies are heavily independent on commodities?

Yes

No

Is it a good idea to solely rely on market correlations when making trading decisions?

No

Yes

Why are market correlations important in building a trading strategy?

False, market correlations do not play any role in building a trading strategy.

Because market correlations are a significant part of financial education in order to find a possible upcoming trend.

Because it is essential to analyze all factors that affect the price movement of a particular instrument.

Can correlations change over time?

No

Yes

 

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