📚 STUDY SET

Reading Price Action

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

1. What does 'forex' stand for?
  • Forward exchange
  • Foreign exchange
  • Foreign export
  • Fund exchange
✅ Answer: Foreign exchange
2. The forex market is primarily traded through which venue?
  • Central exchange
  • Over-the-counter
  • Clearing house
  • Stock exchange
✅ Answer: Over-the-counter
3. MACD is built from…
  • Two moving averages
  • Volume bars
  • Fibonacci levels
  • Pivot points
✅ Answer: Two moving averages
4. A key mindset piece in the 3 Secrets material is…
  • Mindset mastery / subliminal programming
  • Ignoring psychology
  • Trading on tips
  • Max leverage
✅ Answer: Mindset mastery / subliminal programming
5. What is a 'pip' for most major pairs?
  • The 1st decimal place
  • The 2nd decimal place
  • The 4th decimal place
  • The 6th decimal place
✅ Answer: The 4th decimal place
6. In EUR/USD, which is the quote currency?
  • EUR
  • USD
  • Both
  • Neither
✅ Answer: USD
7. 'NFP' released monthly stands for…
  • Non-Farm Payrolls
  • Net Fund Position
  • New Forex Pairs
  • National Finance Plan
✅ Answer: Non-Farm Payrolls
8. 'Advanced Technical Analysis' in A.D.A.M. goes deeper into…
  • Sophisticated charting techniques
  • Fundamental farming reports
  • Tax law
  • Crypto mining
✅ Answer: Sophisticated charting techniques
9. A trailing stop is used to…
  • Lock in profit as price moves your way
  • Add to losers
  • Increase risk
  • Avoid taxes
✅ Answer: Lock in profit as price moves your way
10. The '412 / E.D.G.E.S.' setup is a…
  • Structured trading strategy taught in the course
  • Broker promo
  • Position size formula only
  • Charting bug
✅ Answer: Structured trading strategy taught in the course
11. What is a 'lot size' of 0.10 called?
  • Micro lot
  • Mini lot
  • Standard lot
  • Nano lot
✅ Answer: Mini lot
12. Aligning your 'profile' before an entry mainly improves…
  • Objective, higher-probability execution
  • Leverage
  • Spread cost
  • Commission
✅ Answer: Objective, higher-probability execution

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