Introduction To Candlestick Chart! Trivia Questions Quiz

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Gregorynaomi
G
Gregorynaomi
Community Contributor
Quizzes Created: 1462 | Total Attempts: 876,966
| Attempts: 609
SettingsSettings
Please wait...
  • 1/10 Questions

    Which of these is not a market indicator?

    • Moving average 
    • Relative Strength Index 
    • Pitch theory 
    • Elliot Waves
Please wait...
About This Quiz

Are you familiar with the financial market? A candlestick chart is an important tool you should know. The candlestick chart is used as a tool to study price movement in the financial market. It is a very reliable tool in technical analysis and mastery of it determines success in trading currencies.

Introduction To Candlestick Chart! Trivia Questions Quiz - Quiz

Quiz Preview

  • 2. 
    Which of these is not a sentiment indicator in the financial market? - ProProfs

    Which of these is not a sentiment indicator in the financial market?

    • Applied volatility 

    • Bull ratios 

    • Long interest 

    • Bear ratios 

    Correct Answer
    A. Long interest 
    Explanation
    Long interest is not a sentiment indicator in the financial market because it refers to the number of open long positions in a particular security or asset. It represents the level of bullish sentiment among investors, indicating their belief that the price of the asset will increase. However, sentiment indicators typically measure the overall market sentiment or investor sentiment, such as bullish or bearish sentiment, using different metrics and indicators. Therefore, long interest does not fall into the category of sentiment indicators.

    Rate this question:

  • 3. 
    Which of these does not require trading with candle stick? - ProProfs

    Which of these does not require trading with candle stick?

    • Options trading 

    • Foreign exchange trading 

    • Commodity trading 

    • Direct trading 

    Correct Answer
    A. Direct trading 
    Explanation
    Direct trading does not require trading with candlestick because candlestick patterns are primarily used in technical analysis of financial markets, particularly in trading stocks, commodities, and foreign exchange. Direct trading refers to the buying and selling of securities directly between two parties without the involvement of intermediaries or exchanges. In direct trading, the focus is on the negotiation and execution of the trade rather than analyzing price patterns using candlestick charts. Therefore, candlestick trading techniques are not applicable in direct trading.

    Rate this question:

  • 4. 
    Who introduced the candlestick chart to the Western world?  - ProProfs

    Who introduced the candlestick chart to the Western world? 

    • Steve Madison 

    • Steve Nison 

    • Elizabeth Mory 

    • Elizabeth Morissa 

    Correct Answer
    A. Steve Nison 
    Explanation
    Steve Nison introduced the candlestick chart to the Western world.

    Rate this question:

  • 5. 
    Which of these is not part of candlestick technical analysis? - ProProfs

    Which of these is not part of candlestick technical analysis?

    • Volume 

    • Psychology 

    • Broker 

    • Money flow 

    Correct Answer
    A. Broker 
    Explanation
    Candlestick technical analysis involves studying patterns and trends in the price movement of an asset using candlestick charts. It focuses on analyzing price action and market psychology to make predictions about future price movements. Volume is an important factor in candlestick analysis as it indicates the level of market participation and can confirm the validity of a price pattern. Psychology refers to understanding the emotions and behavior of market participants, which can influence price movements. Money flow is also relevant as it measures the amount of money entering or leaving a particular asset. However, brokers are not directly involved in candlestick analysis as they are intermediaries who facilitate trading transactions.

    Rate this question:

  • 6. 
    Which of these is not considered in candlestick technical analysis? - ProProfs

    Which of these is not considered in candlestick technical analysis?

    • Regression 

    • Median cycles 

    • Relative Strength Index 

    • Moving averages 

    Correct Answer
    A. Median cycles 
    Explanation
    Candlestick technical analysis is a method used to analyze and predict price movements in financial markets. It involves studying candlestick patterns and formations to identify potential trends and reversals. Regression, Relative Strength Index (RSI), and Moving Averages are all commonly used tools and indicators in candlestick analysis. However, Median cycles are not typically considered in candlestick technical analysis. Median cycles refer to the average length of time between highs or lows in a market, and are more commonly used in other types of technical analysis such as cycle analysis.

    Rate this question:

  • 7. 
    What technology does the technical analysis software uses? - ProProfs

    What technology does the technical analysis software uses?

    • Artificial intelligence 

    • Tension rolls 

    • Machine learning 

    • Neural networks 

    Correct Answer
    A. Artificial intelligence 
    Explanation
    The correct answer is Artificial intelligence. Technical analysis software uses artificial intelligence to analyze and interpret large amounts of data, identify patterns and trends, and make predictions about future market movements. By using advanced algorithms and machine learning techniques, the software can continuously learn and improve its analysis capabilities, helping traders and investors make informed decisions in the financial markets.

    Rate this question:

  • 8. 
    Which of these does not require analysis using candle stick? - ProProfs

    Which of these does not require analysis using candle stick?

    • Security 

    • Gold 

    • Diamond 

    • Currency 

    Correct Answer
    A. Diamond 
    Explanation
    Candlestick analysis is commonly used in technical analysis of financial markets, particularly in analyzing price patterns and trends in stocks, currencies, and commodities. However, diamond is not a tradable asset like securities, gold, or currency. It is a precious stone and does not have a market price that fluctuates like other assets. Therefore, diamond does not require analysis using candlestick charts.

    Rate this question:

  • 9. 
    Who developed the candlestick charts? - ProProfs

    Who developed the candlestick charts?

    • Ohsumi Yunisori 

    • Mari Atarka 

    • Munehisa Homma 

    • Yusari Rostiff 

    Correct Answer
    A. Munehisa Homma 
    Explanation
    Munehisa Homma is credited with developing the candlestick charts. Candlestick charts originated in Japan in the 18th century and were used by Homma, a rice trader, to analyze and predict price movements in the rice market. Homma's observations and techniques formed the basis for modern-day candlestick charting, which is widely used in technical analysis to analyze and predict price patterns in various financial markets.

    Rate this question:

  • 10. 
    How many parts does a typical candlestick have? - ProProfs

    How many parts does a typical candlestick have?

    • 3 parts 

    • 4 parts 

    • 5 parts 

    • 7 parts 

    Correct Answer
    A. 3 parts 
    Explanation
    A typical candlestick typically consists of three parts. These parts include the base, which provides stability and support for the candlestick, the stem or column which connects the base to the top, and the top or holder where the candle is placed. These three parts work together to create a functional and aesthetically pleasing candlestick.

    Rate this question:

Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 07, 2019
    Quiz Created by
    Gregorynaomi
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.