Risk Management And Level Picking - July 2017

18 Questions | By Catherinehalcomb | Last updated: Mar 21, 2022 | Total Attempts: 44

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Risk Management And Level Picking - July 2017 - Quiz

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