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Your Score
Name
Antnio Amador
Score
100 / 100
Points ( 100% )
Correct
Answers
12 Questions
Incorrect
Answers
0 Questions
Email
acg.amador@g
mail.com
Time taken
5 mins 47 secs
Result Summary
Result Excellent
Your Answers
Correct
Q.1)
A "Doji" is best described as:
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A.
A market that bounces with an enthusiastic spring creating large upside
potential

B.
A type of Japanese Candlestick illustrating open and closing prices at the
same level, typically signifying indecision in the market (Your Answer)

C.
An acronym for Does Opening price Justify Investment
Correct
Q.2)
A chart is an interpretation of:



A.
Price relative to Time (Your Answer)

B.
Overpriced markets which contain too much risk designed to alert one to
dangers
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C.
The prices people aspire to trade at in the distant future
Correct
Q.3)
In an upwards trend a "Hanging Man" is seen as:


A.
A potentially excellent buying signal due to the unusual suspended nature

B.
A type of trading with Entry Orders placing pending trades 'hanging' in the
market preparing for flash movements

C.
Typically a Bearish Signal though Confirmation is required (Your Answer)
Correct
Q.4)
An "Engulfing Pattern" is:


A.
Always Bullish

B.
Always Bearish

C.
A type of pattern shadowing the previous periods which can be either Bullish
or Bearish dependant on it's own characteristics (Your Answer)
Correct
Q.5)
In financial trading "Technical Analysis" focusses on:


21/9/2014 Academy of Financial Trading - Learn How to Trade the Financial Markets, How to Be a Trader in Forex, CFDs, commodities, indices. Trad
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A.
The study of economic data attempting to determine what is good or bad for
a particular market

B.
The study of price action in order to determine possible opportunities (Your
Answer)

C.
Astrological allignment as a way of measuring the gravitational pull of the
moon on price extremities particularly usefull when used in conjunction with
the Lunar Cycle Approach to Trading
Correct
Q.6)
A "Technical Analyst" is most likely to:


A.
Ponder WHY a market is moving in a particular direction and sit out of all
trading until they have 'all of the information'

B.
Accept the WHAT that is the price action and trade accordingly (Your
Answer)

C.
Use the WHY and the WHAT in conjunction depending on how the market
'feels' and rely heavily on descretion and luck
Correct
Q.7)
"Support" is best described as:


A.
A grouping of traders working together

B.
A price that a trader should ALWAYS buy at

C.
Price levels below the market which tend to act as barriers for a duration
preventing the market passing through which could be breached with enough
pressure from sellers (Your Answer)
Correct
Q.8)
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"Resistance" in financial trading is best described as:


A.
Political movements led by disgruntled traders

B.
Price levels above the market which tend to act as barriers for a duration
preventing the market passing through which could be breached with enough
pressure from buyers (Your Answer)

C.
A price area that without fail always makes the market bounce
Correct
Q.9)
A "Trend" in financial trading is best described as:


A.
The type of clothing worn by traders whilst trading

B.
The general directional movement of a market or object over time which
reflects changes in supply and or demand or perceptions therein (Your
Answer)

C.
Continuous observations by pundits which should always be relied upon
particularly by new traders who would prefer to 'share' their hard earned
funds with other more experienced traders
Correct
Q.10)
A "Trading Strategy" is:


A.
Is not required by the new trader as they can rely upon tips by third parties
and do very little research themself and yet make huge gains

B.
Most definitely required by any trader who wishes to improve their
knowledge, skillset and ability, whilst focussing on reducing their risk and
increasing their likelihood of long terms success (Your Answer)

C.
Never a good idea
Correct
Q.11)
Based on the information on the charts below would you:
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A.
Buy

B.
Sell

C.
Wait for Confirmation - W4C (Your Answer)
Correct
Q.12)
What is Counter Retail Trader (CRT)?


A.
Placing trades solely on companies in the retail sector

B.
Placing trades over the counter with your broker

C.
Using Technical Analysis to find the Confirmation required to trade like a
much larger entity is likely to do targeting those who fail to prepare
sufficiently for real market conditions (Your Answer)
Explanation
Don't worry next week explains these principles in much greater
detail so make sure to attend
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