Week 1 – Day 6 Quiz
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Question 1 of 20
1. Question
Which of the following is NOT an emotion commonly associated with trading?
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Question 2 of 20
2. Question
Select the attributes essential for a trader’s success.
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Question 3 of 20
3. Question
What kind of journal helps traders record their emotions and reasons behind their decisions?
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Question 4 of 20
4. Question
Place the following stages of the emotional cycle of trading in order.
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Euphoria
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Denial
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Optimism
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Despair
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Question 5 of 20
5. Question
Match the emotion with its description:
Sort elements
- The urge to pull out of a trade when it isn't going as planned
- Desire to stay in a trade hoping for even higher gains.
- Blind belief that nothing will go wrong.
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Fear
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Greed
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Overconfidence
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Question 6 of 20
6. Question
Trading _______ is the ability to develop, stick to, and execute a trading plan without letting emotions interfere.
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Trading is the ability to develop, stick to, and execute a trading plan without letting emotions interfere.
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Question 7 of 20
7. Question
What does Warren Buffett describe the market as?
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Question 8 of 20
8. Question
Which tools can be set in advance to prevent emotional decision-making?
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Question 9 of 20
9. Question
Name one thing traders should record in their trading journal besides numbers, wins, and losses.
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Question 10 of 20
10. Question
What serves as a “noise-cancellation” mechanism in the chaotic room of Forex trading?
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Question 11 of 20
11. Question
Sort elements
- Limits potential loss on a trade.
- Determines profit expectations.
- Records emotional state and trade rationale.
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Stop-Loss
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Take-Profit
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Trading Journal
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Question 12 of 20
12. Question
Which of the following are recommended practices to avoid emotional decision-making in trading?
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Question 13 of 20
13. Question
Which is essential to maintain trading discipline?
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Question 14 of 20
14. Question
Which are essential components of trading success?
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Question 15 of 20
15. Question
In one word, which emotion can cause traders to have a blind belief that nothing will go wrong, leading them to underestimate the market?
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Question 16 of 20
16. Question
Order the tools from most to least helpful for maintaining trading discipline:
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Market rumors
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Emotional decisions
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Stop-Loss
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Trading journal
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Question 17 of 20
17. Question
Match the trading principle with its description:
Sort elements
- Following a predefined strategy regardless of market temptations.
- Waiting for the right moment to trade.
- Blind belief in one's trading strategy.
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Discipline
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Patience
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Overconfidence
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Question 18 of 20
18. Question
To be successful in Forex trading, one needs both ________ and ________.
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To be successful in Forex trading, one needs both and .
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Question 19 of 20
19. Question
What do Stop-Loss and Take-Profit tools help with?
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Question 20 of 20
20. Question
Why is psychology crucial in Forex trading?
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