Level 0 test

To unlock the next level you need at least 80% correct answers. You can retake the test as often as you like.

1. Question 1 of 10

   You buy for 100 and sell for 130. What is the result?

   ○A profit of 30○Nothing, the price is the same○A loss of 30
2. Question 2 of 10

   Who sends your order to the exchange?

   ○The broker○TradingView○The prop firm
3. Question 3 of 10

   What is a prop firm?

   ○A bank that gives you a loan○A company that lets you trade its money after a challenge○Another word for the exchange
4. Question 4 of 10

   A green candle means ...

   ○the end is lower than the start○the end is higher than the start○the market was closed
5. Question 5 of 10

   On a 5-minute chart every candle is ...

   ○5 seconds○5 minutes○5 days
6. Question 6 of 10

   You think the price will rise. What do you open?

   ○A short○A long○Nothing, you can't make money when it rises
7. Question 7 of 10

   What is a stop loss for?

   ○To stop the exchange○To close the trade with a small loss when you're wrong○To double the profit
8. Question 8 of 10

   You have $5,000 and 1% risk. How much may you lose per trade?

   ○$50○$500○$5
9. Question 9 of 10

   On MNQ one point is worth $2. The stop is 25 points. How much do you lose with 1 contract?

   ○$500○$50○$25
10. Question 10 of 10

    Why do you practise on a demo account?

    ○Because you don't need a stop there○Because you practise on real prices without risk○Because the profit is bigger there