Introduction Test Welcome to xChief Academy Introduction Quiz 1. How familiar are you with the financial markets? Quite familiar Relatively familiar Not very familiar I know nothing about it 2. How much experience do you have with the financial markets? I am quite experienced (more than a year) I have some experience (less than a year) I have almost no experience I have no experience 3. In which of the following are you most experienced? Forex Local stock market Crypto None 4. What type of trader are you? (Or would you like to be) Scalper Swing trader Day trader I do not know what these terms mean 5. Do you have a trading strategy? Yes, I do. No, I don't. I do not have a specific strategy yet. I do not know what a trading strategy is. 6. How much time do you spend (or plan to spend) on trading each day? Most of the day An hour or two I only trade occasionally, when I have free time I haven't really thought about it yet 7. What is your aim in taking part in this course? To become a full-time professional trader To become a part-time professional trader To become a successful hobby trader To earn some additional income 8. Which types of accounts have you traded with? Live account Demo account Both None 9. How much profit have you made with your live account? Less than $100 $100-$500 More than $500 I have not made any profits yet 10. How much have you lost with your live account? Less than $100 $100-$500 More than $500 I have not made any losses yet 11. Have you established any trading rules? Yes, I have No, I have not I do not know how to trade based on rules and principles. I haven’t begun trading yet 12. How consistently do you adhere to your rules? I always follow my rules. I mostly follow my rules. I cannot control myself. I haven’t begun trading yet 13. What will you do if you reach stop loss for 3 consecutive trades in your live account? I will trade aggressively to make up for my losses. Fearing further losses, I will stop trading for a while. I will stick to my trading strategy. I will take a break and assess my trading strategy before resuming trading. 14. How will you react if you close the first trade with a big profit? I will withdraw the profit and stop trading for a while. I will leave the profit untouched to grow my balance. Feeling confident, I will increase my trading volume and adopt a more aggressive approach. I will stick to my trading plan 15. What will you do if you adhere strictly to your trading strategy but close your position at a loss? I will acknowledge that losses are normal and will continue using my strategy as before. I will be disappointed in myself and will carefully analyze every aspect of my strategy before resuming trading. I will begin trading aggressively to make up for my losses I will be extremely cautious about trading so as to avoid more losses 16. How do you think the trend in this chart will continue? Upward trend Downward trend Range It is not possible to make a final decision; we must wait for further chart movement. 17. How do you think the trend in this chart will continue? Upward trend Downward trend Range It is not possible to make a final decision; we must wait for further chart movement. 18. How do you think the trend in this chart will continue? Upward trend Downward trend Range It is not possible to make a final decision; we must wait for further chart movement. 19. In your opinion, which of the following patterns is not found in this chart? Head and shoulders pattern Cup and handle pattern Rectangular pattern Double top pattern 20. As a trader, how would you respond to the downward movement on this chart? I would assess whether the movement aligns with any recent news events and adjust my trading strategy accordingly. I feel this would be a profitable move and will open a position I would monitor the situation for further developments before taking any action. If I identify a clear downward trend early on, I will open a position Time's upTime is Up!
