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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
