Trading Strategies and Tools Beginners Level Test
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Question 1 |
What kind of Moving Averages should we use for this strategy and what are their parameters?
From the Article Average Rainbow Strategy Review
A | Entertaining Moving Averages with no specific parameters |
B | Two Exponential Moving Averages and the parameters should be 14, 6 and 26 |
C | Three Exponential Moving Averages and the parameters should be 6, 14 and 26 |
D | Only one Exponential Moving Average with 6,6,6 parameters |
Question 2 |
What period do we use for the Exponential Moving Averages needed for this strategy?
From the Article Full Review of Fast Moving Averages Crossover Strategy
A | We use only one EMA and the period is my birth date |
B | We use 10, 25 and 50 periods for our EMAs |
C | We use 37.5, 55.5 and 3399 |
D | We could use any period we want |
Question 3 |
How can the Mega Trend indicator help a trader?
From the Article Custom Indicators – Full Review of Mega Trend Indicator for Binary Options
A | It changes color to Red when prices are going down and to Green when prices are moving up |
B | It looks cool on the charts |
C | Red means that your account is losing and Green means that you are in profit |
D | It shows you exactly when to buy and when to sell |
Question 4 |
What kind of Moving Averages should we use for this strategy and what are their parameters?
From the Article Average Rainbow Strategy Review
A | Entertaining Moving Averages with no specific parameters |
B | Two Exponential Moving Averages and the parameters should be 14, 6 and 26 |
C | Three Exponential Moving Averages and the parameters should be 6, 14 and 26 |
D | Only one Exponential Moving Average with 6,6,6 parameters |
Question 5 |
What is the main characteristic of an Uptrend?
From the Article “The Trend is your Friend” Strategy Review
A | Price makes Higher Highs and Higher Lows |
B | Price makes Lower Highs and Higher Highs |
C | An uptrend cannot be seen anywhere these days. It doesn’t exist anymore |
D | Price make Higher Lows and Lower Highs |
Question 6 |
What are Heiken Ashi candles?
From the Article Heikin Ashi, the underrated secret from Japan
A | I don’t know; I don’t speak Japanese. |
B | A modified type of Japanese candlesticks that change color according to market direction and eliminate some of the market noise. |
C | They are basic Japanese candlesticks formations |
D | They are used in sacred rituals in the ancient Japan |
Question 7 |
What is the significance of a red smiley face according to this indicator?
From the Article Pinbar Detector for Binary Options– Do Your Job, Detective
A | The indicator is mad because I took a bad trade |
B | The indicator is happy because I am going to lose and my account will be red |
C | It means that a bearish Pin bar is identified. |
Question 8 |
What is a MACD Bullish cross?
From the Article Moving Average Convergence Divergence Tool – Not as complicated as it sounds
A | When the faster MA line crosses upwards the slower MA line, coming from below, we have a bullish cross |
B | When two bulls cross each other’s paths while looking for food. |
C | When the faster moving average crosses the slower moving average two times |
D | It is a complicated indicator that predicts the market volatility |
Question 9 |
What is the Economic Calendar?
From the Article The must have Trading Tool – Economic Calender
A | It is similar to the Economic crisis |
B | A tool that keeps the traders informed about upcoming economic news that can influence the market |
C | It’s a tool for gauging the investor sentiment on certain economies. |
D | It is an ordinary calendar |
Question 10 |
Should you trade any Pinocchio candle that you see on the chart?
From the Article Full Review of Pinocchio Binary Options Trading Strategy
A | Yes, sure, as long as it is a Pinocchio candle it’s ok to trade it |
B | No, not every Pinocchio candle is good for a trade. It should be formed at S/R levels and in line with the prevailing trend |
C | No, for sure it is not tradable at all |
D | Yes, but only when it is formed during Asia market sesion |
Question 11 |
What is a “Doji” candle?
From the Article Japanese Candlesticks – Trading naked
A | A candle made by the Japanese that burns faster than a normal candle. |
B | It is an indecision candle (neither bulls nor bears are in control of the market). In a Doji, the opening price is almost the same as the closing price. |
C | It is a bull market indication candle |
D | It is a bearish market candle |
Question 12 |
Is the Martingale a trading strategy or a gambling strategy?
From the Article Full Review of The Martingale Strategy in Binary Options
A | It’s a very good trading strategy that can be used successfully by anyone |
B | It is an old strategy, which is very good, but now there exist more prominent ones |
C | It’s a gambling strategy and it shouldn’t be used for trading by newbies |
D | It is not a strategy, but an indicator on the name of a great trader |
Question 13 |
How can you use the TSF indicator?
From the Article The Time Series Forecast Indicator: It’s About Time!
A | Just like any other moving average |
B | No idea, because it looks just like a moving average and I don’t like them |
C | I don’t know what Moving Linear Regression is. |
Question 14 |
What is this tool used for?
From the Article Quickfib – A Little Fibonacci Help Could Do Miracels
A | Plotting Fibonacci levels automatically on the chart |
B | Making high-end chipsets |
C | Providing amazing BUY/SELL signals |
Question 15 |
What’s the relation between volatility and Bollinger Bands?
From the Article Bollinger Bands©: The volatility tool for Binary Options
A | When the market lacks movement, the Bands come closer together |
B | All the statements are true |
C | When volatility is high, the distance between the Bands becomes wider |
D | The Bollinger Bands indicator shows the market volatility because it is expressed by a moving average and two lines corresponding to the standard deviation of the price from this moving average |
Question 16 |
What indicators are used in the 1 – 2 – 3 strategy?
From the Article Full Review of 1-2-3 Strategy – Easy as A-B-C
A | Traffic indicators |
B | It use 3 indicators, related to each other |
C | The strategy uses no indicators, just price action |
D | Such a strategy doesn’t exist |
Question 17 |
Is volatility different during different trading sessions?
From the Article Custom Indicators: TIME VIII – No More Guessing the Trading Session
A | Yes! |
B | Not sure |
C | No |
D | What is volatility? |
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