Risk Management And Level Picking - July 2017

18 Questions | Total Attempts: 44

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Risk Management And Level Picking - July 2017 - Quiz

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Questions and Answers
  • 1. 
    When is the right time to not use a stop loss?
    • A. 

      Just before data comes out

    • B. 

      When you have hit your first target

    • C. 

      Never

    • D. 

      After 14:30

  • 2. 
    What should you do if you accidentally put on a trade with more contracts than you wanted to?
    • A. 

      Exit unitended contracts immediately and notify your risk manager

    • B. 

      If it is in profit, leave it

    • C. 

      Make sure you have a stop loss for the same amount of contracts and leave it

  • 3. 
    Which of these is not true.
    • A. 

      Stop losses are the best way to manage risk on a trade by trade basis

    • B. 

      When looking at a trade, the amount a trader risk should be less than the potential profit gained

    • C. 

      Not using a stop loss is okay if you feel extremely confident about the trade

  • 4. 
    Which statement is correct?
    • A. 

      A is a resistance level and B is a support level

    • B. 

      A is a support level and B is a resistance level

  • 5. 
    Having entered on the black dotted line at 1.05127. Where would be the correct and appropriate place to put the stop above?
    • A. 

      A

    • B. 

      B

    • C. 

      C

  • 6. 
    What is this chart missing?
    • A. 

      Fibonnaci

    • B. 

      Pivots

    • C. 

      Moving Average

  • 7. 
    A move from Point A to Point B is known as what?
    • A. 

      Consolidation

    • B. 

      Gap Fill

    • C. 

      Breakout

  • 8. 
    Point A is the low of the 27th December 2016. Why would it not be considered as a good entry?
    • A. 

      Too long ago

    • B. 

      Not near another support or resistance level

    • C. 

      Has recently been chopped though

  • 9. 
    Which levels here have been chopped through recently
    • A. 

      A

    • B. 

      B

    • C. 

      C

    • D. 

      D

    • E. 

      E

    • F. 

      F

  • 10. 
    You should be looking for trades with a minimum risk reward of?
    • A. 

      4:1

    • B. 

      2:1

    • C. 

      1:1

  • 11. 
    Select the correct statement from the list below
    • A. 

      Only trade over the data if you are over $100 in profit

    • B. 

      Only enter before the data if you are certain of the number coming out

    • C. 

      Do your analysis on just a 5 minute chart

    • D. 

      Don't trade if you would end up going over your limit, even if you are 100% sure

  • 12. 
    A dovish stance means high interest rates 
    • A. 

      True

    • B. 

      False

  • 13. 
    The following comment is a hawkish comment : "We are going to taper our Quantitative Easing program and raise interest rates"
    • A. 

      True

    • B. 

      False

  • 14. 
    Everyday we can see a pick up in volumes traded for Oil at around 2.00 pm 
    • A. 

      True

    • B. 

      False

  • 15. 
    At what time UK economic data are usually released ? 
    • A. 

      8.30am

    • B. 

      9.30am

    • C. 

      10.00am

    • D. 

      11.30am

  • 16. 
    It is 5 minutes before the release of the UK Services PMI, and we are trading near the low of yesterday where I want to go long from. What should I do ? 
    • A. 

      It is 8.25am and I get in the trade right now because Services PMI is not an important piece of economic data for the UK

    • B. 

      It is 9.25am and I get in the trade right now because Services PMI is not an important piece of economic data for the UK

    • C. 

      It is 9.25am and I wait for the data to be released before getting involved because the data could reverse my bias

    • D. 

      It is 10.25am and I wait for the data to be released before getting involved because the data could reverse my bias

  • 17. 
    The Gold and T-Notes pit floors open at 1.20pm everyday 
    • A. 

      True

    • B. 

      False

  • 18. 
    Which one do you like?
    • A. 

      Option 1

    • B. 

      Option 2

    • C. 

      Option 3

    • D. 

      Option 4

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