📚 STUDY SET

Algo Arena Weekly Championship

30 practice questions with answers. Think you know them? Play them live →

1. A pattern's 'measured move' estimates...?
  • A price target
  • Elapsed time
  • Volume
  • Spread
✅ Answer: A price target
2. An 'inverse head and shoulders' signals a...?
  • Bearish reversal
  • Bullish reversal
  • Continuation down
  • Range
✅ Answer: Bullish reversal
3. A rising wedge is generally...?
  • Bearish
  • Bullish
  • Neutral
  • Continuation up
✅ Answer: Bearish
4. A falling wedge is generally...?
  • Bearish
  • Bullish
  • Neutral
  • Continuation down
✅ Answer: Bullish
5. A 'bear flag' typically breaks...?
  • Upward
  • Downward
  • Sideways
  • Randomly
✅ Answer: Downward
6. An 'island reversal' is separated from prior action by...?
  • Gaps on both sides
  • One gap
  • No gap
  • A trendline
✅ Answer: Gaps on both sides
7. A descending triangle typically breaks...?
  • Downward
  • Upward
  • Sideways
  • Up then down
✅ Answer: Downward
8. Which pair is nicknamed 'Cable'?
  • EUR/USD
  • GBP/USD
  • USD/CHF
  • AUD/USD
✅ Answer: GBP/USD
9. Which of these is an 'exotic' currency pair?
  • EUR/USD
  • USD/JPY
  • USD/TRY
  • GBP/USD
✅ Answer: USD/TRY
10. In EUR/USD, which currency is the base currency?
  • USD
  • EUR
  • GBP
  • JPY
✅ Answer: EUR
11. NZD/USD is nicknamed the...?
  • Loonie
  • Aussie
  • Fiber
  • Kiwi
✅ Answer: Kiwi
12. The price at which you can buy the base currency is the...?
  • Bid price
  • Ask price
  • Mid price
  • Strike price
✅ Answer: Ask price
13. Journaling trades helps mainly by…
  • Revealing patterns in your behaviour
  • Lowering spreads
  • Increasing leverage
  • Predicting news
✅ Answer: Revealing patterns in your behaviour
14. A stop-loss exists primarily to…
  • Guarantee profit
  • Cap the loss on a trade
  • Increase leverage
  • Widen the spread
✅ Answer: Cap the loss on a trade
15. Gold is quoted on charts as which symbol?
  • GC / XAU/USD
  • GLD only
  • AU/EUR
  • GDX
✅ Answer: GC / XAU/USD
16. Patience for A+ setups tends to…
  • Improve expectancy
  • Lower win rate
  • Widen spreads
  • Raise fees
✅ Answer: Improve expectancy
17. 'Validating your P.O.I.' means…
  • Confirming the level is worth trading before entering
  • Buying every level
  • Ignoring levels
  • Widening stops
✅ Answer: Confirming the level is worth trading before entering
18. The best response to a losing streak is to…
  • Stick to risk rules / step back
  • Increase size
  • Remove stops
  • Trade more pairs
✅ Answer: Stick to risk rules / step back
19. 'Mental trade simulation' builds skill by…
  • Rehearsing execution mentally before the live moment
  • Copy-trading blindly
  • Over-leveraging
  • Skipping the plan
✅ Answer: Rehearsing execution mentally before the live moment
20. CPI measures…
  • Inflation
  • Employment
  • GDP growth
  • Trade balance
✅ Answer: Inflation
21. What does 'going long' on EUR/USD mean?
  • Betting the euro falls vs the dollar
  • Betting the euro rises vs the dollar
  • Closing all positions
  • Holding overnight only
✅ Answer: Betting the euro rises vs the dollar
22. 'Emotional stop-losses' teach elite traders to…
  • Out-awareness emotion, not just suppress it
  • Remove all stops
  • Trade angrier
  • Ignore feelings entirely
✅ Answer: Out-awareness emotion, not just suppress it
23. The RSI is primarily a measure of…
  • Volume
  • Momentum / overbought-oversold
  • Volatility
  • Trend age
✅ Answer: Momentum / overbought-oversold
24. 'Hawkish' guidance from a central bank implies…
  • Tighter policy / higher rates
  • Easier policy
  • No change ever
  • A rate cut
✅ Answer: Tighter policy / higher rates
25. A prop firm's 'daily loss limit' caps…
  • Lot size
  • Loss allowed in one day
  • Number of pairs
  • Leverage only
✅ Answer: Loss allowed in one day
26. Which session overlap usually has the highest volatility?
  • Sydney/Tokyo
  • London/New York
  • Tokyo/London
  • New York/Sydney
✅ Answer: London/New York
27. VWAP stands for…
  • Volume Weighted Average Price
  • Variable Width Average Point
  • Volatility Weighted Ask Price
  • Verified Weekly Asset Price
✅ Answer: Volume Weighted Average Price
28. 'Identity Lock-In' focuses on winning…
  • For the next 1,000 trades, via identity — not just today
  • One lucky trade
  • A giveaway
  • An argument
✅ Answer: For the next 1,000 trades, via identity — not just today
29. An engulfing candle is significant because it…
  • Fully covers the prior candle's body
  • Has no wick
  • Is always green
  • Appears only weekly
✅ Answer: Fully covers the prior candle's body
30. Bollinger Bands expand when…
  • Volatility rises
  • Volume drops
  • The market closes
  • Spread tightens
✅ Answer: Volatility rises

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