Before you start

Knowledge check

A short test before you start, to gauge your current knowledge and see which topics to study more carefully.

1A signal says: SELL, Entry 1.0850. What does this mean?

The price is expected to fall; entry around 1.0850The price is expected to rise; entry around 1.0850The trade must be closed at 1.0850I don’t know

2On the chart, each new high is above the previous one, and so is each new low. What is this market condition called?

RangeUptrendDowntrendI don’t know

3Deposit of $400, risk per trade 1%. How much are you prepared to lose on a single trade?

$40$1$4I don’t know

4What does leverage give you?

A position larger than your collateral: profits and losses grow equallyExtra money in your account that you don’t have to pay backProtection: the loss can’t exceed the amount of collateralI don’t know

5A “broker employee” messages you and asks you to read out the code from an SMS to unlock your account. What should you do?

Read it out: they use your name and know your account numberDon’t share the code, and check the information with the broker yourselfShare only the first digits of the codeI don’t know

6Which of these is realistic after completing the course?

Steady income every monthTrades without losses, as long as you follow the rulesThe ability to calculate a trade’s risk and pass on it in timeI don’t know