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Questions
1) What does it mean when a trader goes long on a trade?
A)
The trader buys the stock hoping for it to go up in price.
B)
The trader holds the stock longer than one month.
C)
The trader uses their own trading capital on a play.
2) How many stocks are in the Dow Jones Industrial Average index?
A)
30
B)
100
C)
2000
3) What does it mean when a trader is flat the market?
A)
The trader is basically breakeven in their profit/loss statement
B)
The trader does not have any plays active at that time.
C)
The trader has an unbias opinion of the future direction of the market.
4) What is a doji?
A)
The name of the Specialist assisting Market Makers on the trading floor of an exchange.
B)
A candlestick with a closing price similar to the open price.
C)
A trading pit on the floor of an exchange.
5) Which would be a professional charting platform?
A)
eSignal
B)
Scottrade
C)
Bollinger Bands
6) What makes an oscillator different from a typical indicator?
A)
An oscillator is geared towards time decay when indicators are driven by price action and volume.
B)
An oscillator is used for position trading and commonly found used within the MACD.
C)
An oscillator is used mainly for short-term trading and is based on a zero line as its center point.
7) What two elements in trading are most regarded within professional traders?
A)
Indicators and volume.
B)
Indicators and price action.
C)
Price action and Volume.
8) What constitutes swing-trading?
A)
Having a trading partner that reviews all trades and helps you find your trading weaknesses.
B)
Holding a trade anywhere from two days to two weeks.
C)
Using multiple brokers to trade through depending on their strengths and trading fees.
9) What percentage of the overall market follows the up and down movements of the major indices?
A)
70-80%
B)
50-60%
C)
30-40%
10) What is volume?
A)
The amount of money traded on any particular stock.
B)
The amount of shares traded between buyers and sellers.
C)
The percentage of buyers over sellers on any particular stock.
