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beginner trading quiz

Total questions: 42

Worksheet time: 1hrs 12mins

Name
Class
Date
1.

Which candlestick pattern indicates a potential reversal in an uptrend?

a)

Doji

b)

Hammer

c)

Shooting Star

d)

Inverted hammer

2.

Which candlestick pattern consists of a long bearish candle followed by a small bullish candle within the range of the longer?

a)

Bullish Harami

b)

Bearish Haram

c)

Piercing Line

d)

Dark Cloud Cover

3.

Which candlestick pattern consists of a small bullish candle followed by a long bearish candle that swallows the smaller?

a)

Bullish Harami

b)

Bearish Harami

c)

Bullish Engulfing

d)

Bearish Engulfing

4.

Which candlestick pattern indicates a potential reversal in a downtrend?

a)

Doji

b)

Hammer

c)

Shooting Star

d)

Hanging Man

5.

Which candlestick pattern consists of a long bullish candle followed by a small bearish candle with range inside the first candle?

a)

Bullish Harami

b)

Bearish Harami

c)

Piercing Line

d)

Dark Cloud Cover

6.

Which candlestick pattern indicates a potential continuation of the current trend?

a)

Marubozu

b)

Spinning Top

c)

Morning Star

d)

Evening Star

7.

What is this pattern called?

a)

Tweezer bottoms

b)

Tweezer tops

c)

Bullish Harami

d)

Bearish Harami

8.

What pattern is pictured here?

a)

Hammer

b)

Hangman

c)

Shooting Star

d)

Morning Star

9.

What pattern is shown here?

a)

Morning star

b)

Spinning top

c)

Falling star

d)

Inverted hammer

10.

Identify the Candlesticks labelled as A, Single candlestick

a)

Bullish Green Candlestick with Big BODY

b)

Bearish Candle

c)

Small Tiny Bullish Candle

d)

Spinning Top

11.

Notice the FIVE Candlesticks. What is special about these Candlesticks-

a)

All are Bullish Green Candles

b)

OPEN of Next Bullish Candle is ABOVE the Close of previous Candles. This indicated Buyers were aggressive, Strong Bullish.

c)

Three Black Crows

d)

Three White Soldiers

12.

Identify the THREE Candlestick Pattern labelled as B

a)

Bullish Harami

b)

Bullish Piercing

c)

Morning Star Engulfing the Bearish Candle. Strong Bullish

d)

Rising Star

13.

Identify the Candlestick Pattern labelled as A. It is a combination of Three Candlesticks

a)

Morning Star. Uptrend will start

b)

Bullish Harami

c)

Evening Star. It is Printed at the TOP of the Trend, so Bearish in nature

d)

Bearish Harami

14.

What is a candlestick?

A candlestick is a way of displaying information about an asset’s price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars. It has three basic features:

The body, which represents the open-to-close range

The wick, or shadow, that indicates the intra-day high and low

The color, which reveals the direction of market movement – a green (or white) body indicates a price increase, while a red (or black) body shows a price decrease

a)

TRUE

b)

FALSE

15.

What Is a Stock Trend Line?

A stock trend line is a sloping line that connects the candles of a Candlestick Pattern on a stock’s trend chart. Traders use this line to gauge whether a stock is keeping with the trend or breaking it.

Use a trend line with other trend indicators to confirm price action. 

a)

TRUE

b)

FALSE

16.

What is the indicated candlestick pattern shown in the image?

a)

Shooting Star

b)

Hammer

c)

Hanging Man

17.

What is the indicated candlestick pattern shown in the image?

a)

Hammer

b)

Inverted Hammer

c)

Doji

18.

What is the indicated candlestick pattern shown in the image?

a)

Three White Crows

b)

Three White Soldiers

c)

Bullish Engulfing

19.

What is the indicated candlestick pattern shown in the image?

a)

Three Black Soldiers

b)

Three Black Crows

c)

Bearish Engulfing

20.

What is the indicated candlestick pattern shown in the image?

a)

Hammer

b)

Inverted Hammer

c)

Three White Soldiers

21.

What hours are the forex markets open?

a)

8:00 A.M. - 5:00 P.M. EST

b)

12 noon - 12 midnight

c)

Weekdays only

d)

24-hours a day except weekends

22.

Based on the picture above, what does the upper wick of the candle represent?

a)

It is not known what the upper wick represents

b)

The upper wick means that price is supposed to be in that area, but the candle closed improperly.

c)

The upper wick represents half of the area where price is going to be in the duration of the the formation of the candle.

d)

The upper wick represents an area where price traveled after the candle opened, but price dropped below that area.

23.

The dojis that are circled in blue hint that the market may be doing which of the following?

a)

Rejecting price continuing in a bearish direction and price may be heading for a bullish move.

b)

Rejecting price to a bullish direction and price may be heading toward a bearish move.

c)

Price is in an area of indecision

d)

Price will be staying in that area and the market is consolidating.

24.

The tweezer bottom and tweezer top are both candle patterns that represent ___________________________.

a)

stalled price

b)

reversal

c)

bullish activity

d)

bearish activity

25.

An uptrend can best be described as....

a)

a long line of upward price movements

b)

a new trend in trading

c)

a series of higher highs and higher lows

d)

a series of higher highs and lower lows

26.

A downtrend can best be described as....

a)

a series of lower lows and higher highs

b)

a series of lower lows and lower highs

c)

a long line of downward price movements

d)

an old trend in trading

27.

What is a good and safe percentage to risk on your account for each trade?

a)

20%

b)

10%

c)

5%

d)

2%

28.

If you have an account balance of $500, what is the maximum you would risk on each trade if your risk percentage were 2 percent?

(a)  

29.

What is meant by the expression risk to reward as it pertains to trading?

a)

It is how much capital you are risking compared to how much you stand to gain.

b)

It is how much you are going to win on a trade when you trade forex.

c)

It refers to the way you enter a trade as a buy or sell.

d)

It specifically deals with a scalping strategy that you would use when you are in the markets during the accumulation phase.

30.

If you are trading with a risk to reward ratio of 1:3, which of the following setups fits those parameters?

a)

Sally used a stop loss of 20 pips with a take profit of 10 pips.

b)

Ronald used a stop loss of 20 pips with a take profit of 25 pips.

c)

Stacy used a stop loss of 20 pips with a take profit of 60 pips.

d)

Marlin used a stop loss of 15 pips with a take profit of 30 pips.

31.

Head and Shoulder pattern is a

a)

Bearish Reversal Pattern

b)

Distribution pattern

c)

Bullish pattern

32.

Technical Analysis uses

a)

Traded Price and Volume

b)

News and Corporate Actions

c)

Revenue and Profit Margin

33.

Technical analysis reflects the idea that stock prices:

a)

move upward over time.

b)

move inversely over time.

c)

move in trends.

d)

move randomly.

34.

The less data you connect for the support and resistance, the more significant it is

a)

TRUE

b)

FALSE

35.

This type of candle has a long lower wick and a short body at the top of the candle.

a)

hanging man

b)

morning star

c)

hammer

d)

harami

36.

Uptrend movement of the market have ....

a)

higher highs and lower lows

b)

lower highs and lower lows

c)

lower highs and higher lows

d)

higher highs and higher lows

37.

Buy near the resistance, sell near the support

a)

True

b)

False

38.

This arises due to the high selling volume

a)

support

b)

resistance

c)

candlestick

d)

break out

39.

What is the candlestick pattern?

a)

Bearish engulfing

b)

Bullish engulfing

c)

Tweezer tops

d)

Tweezer bottom

40.

WHAT TYPE OF CANDLE IS THE ARROW POINTING AT?

a)

LONG LEGGED DOJI

b)

GRAVESTONE DOJI

c)

DRAGONFLY DOJI

41.

WHAT TYPE OF CANDLE IS THE ARROW POINTING AT?

a)

LONG LEGGED DOJI

b)

GRAVESTONE DOJI

c)

DRAGONFLY DOJI

42.

¿Qué tipo de Doji es el que vemos en la imagen?

a)

Gravestone Doji

b)

Dragonfly Doji

c)

4 Price Doji

d)

Long – Legged Doji

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