02 Jun 2025 DittyMentoorr Uncategorized 2 June 2025 DittyMentoorr Trading Quiz You have 10 minutes to answer 10 questions! The higher your score, the more likely you are to win! 1 / 10 Which Forex pair is most sensitive to oil price changes? USD/CHF EUR/JPY GBP/USD USD/CAD 2 / 10 What is the function of a trailing stop in Forex trading? Locks in profits as the market moves favorably Guarantees a fixed profit Cancels open positions at market close Automatically doubles your position 3 / 10 In Forex trading, what is a "drawdown"? The bid-ask difference A stop-out level A limit order A reduction in equity from a peak 4 / 10 What does “position sizing” primarily help manage in Forex trading? Slippage Risk per trade Margin calls Spread costs 5 / 10 What is a common cause of slippage? Low liquidity Stock splits High commission Margin calls 6 / 10 What’s the risk if you consistently trade during major economic data releases without protection? Spread compression Delayed chart updates Increased slippage and unexpected gaps Reduced leverage 7 / 10 A trader’s equity curve shows consistent gains followed by sharp losses. Which psychological trap is most likely involved? Overconfidence after a win streak Anchoring to past trades Fear of missing out (FOMO) Paralysis by analysis 8 / 10 In candlestick charts, a long wick indicates: High volatility or price rejection No change in price Strong trend continuation No trading activity 9 / 10 What is the primary risk of trading during low-liquidity periods (e.g., late U.S. session)? Increased spreads and slippage More stable trends Slower execution Reduced leverage 10 / 10 Which order type is best for entering a trade after price breaks a key level? Limit order Market order Trailing stop order Stop entry order Your score is 0% Restart quiz
