1. Rollover / swap in forex is typically applied around...?
- 5 PM New York time
- Midnight London
- Noon GMT
- The market open
✅ Answer: 5 PM New York time
2. Major US economic data is usually released during which session?
- New York
- Tokyo
- Sydney
- London close
✅ Answer: New York
3. Fear most often causes traders to...?
- Exit winners too early
- Add to losers
- Over-leverage
- Journal more
✅ Answer: Exit winners too early
4. 'Loss aversion' describes the tendency to...?
- Feel losses more than gains
- Love losses
- Ignore gains
- Avoid trading
✅ Answer: Feel losses more than gains
5. Confirmation bias is when a trader...?
- Seeks info supporting their view
- Ignores all charts
- Always uses stops
- Diversifies
✅ Answer: Seeks info supporting their view
6. The Dunning-Kruger effect in new traders is...?
- Overestimating their own skill
- Underestimating always
- Perfect calibration
- Constant fear
✅ Answer: Overestimating their own skill
7. 'FOMO' in trading stands for...?
- Fear of missing out
- Fear of major orders
- Forex order motion
- Fund of markets
✅ Answer: Fear of missing out
8. Greed most often leads a trader to...?
- Use stops
- Over-leverage or overtrade
- Wait patiently
- Diversify
✅ Answer: Over-leverage or overtrade
9. 'Recency bias' means overweighting...?
- The most recent events
- Old data
- Random data
- Volume
✅ Answer: The most recent events
10. 'Analysis paralysis' is when a trader...?
- Acts too fast
- Over-analyzes and can't act
- Ignores data
- Rests
✅ Answer: Over-analyzes and can't act
11. 'Anchoring bias' is fixating on...?
- Volume
- A specific price or number
- News flow
- The clock
✅ Answer: A specific price or number
12. Overconfidence most often follows...?
- A winning streak
- A losing streak
- News
- A gap
✅ Answer: A winning streak