Forex Certification Welcome to the AtoZ Markets Forex certification. Email Full Name Phone Number Country If you are a swing trader you are likely to hold your position for: 1 – 6 hours 6 – 24 hours 2 days 2 days to 2 weeks Double or nothing, no time limit Traders should not Follow momentum Buy at resistance Follow the trend Use support as short targets Use Moving averages as a trend following tool 1 out of 10 Which Fibonacci Level is known as the main correction level? 100 % 61.8 % if drawn from right to left 23.6 % 50 % if drawn from left to right 200% if drawn from right to left A traditional Death Cross is When 50 day Moving average cross below 200 day Moving Average When 200 day Moving average cross below 50 day Moving Average When 20 week Moving average cross above 50 week Moving Average When 20 day Moving average cross below 50 day Moving Average When 50 period Moving average cross below 100 period Moving Average 2 out of 10 What are the three main Forex market openings? Sydney, Frankfurt, New York Tokyo, London, New York Tokyo, Frankfurt, New York Sydney, London, New York Tokyo, Moscow, Frankfurt, New York A wedge is Potato Price Moving between two converging trend lines Price failing to make higher high but making a lower low Price moving according to the bullish trend line and finding resistance on Moving average A smoothing line of an oscillator identifying bullish or bearish trend formations 3 out of 10 If you are a price action trader you are likely not to use one of the following: MACD Moving Averages Trend Lines Support and Resistance Levels Candlestick Formations If you want to follow a trader which one of the below given traders should you be following John: Uses automated trading with 1:3 RRR, has 19% Maximum DrawDown, and 30% Average win rate Angel: Uses Manual trading with 1:2 RRR, has 36% Maximum DrawDown, and 42% Average win rate Martin: Uses automatic trading with 1:0.75 RRR, has 6% Maximum DrawDown, and 74% Average win rate Arthur: Uses Manual trading with 1:1 RRR, has 5% Maximum DrawDown, and 61% Average win rate Terry: Uses manual trading with no pre-defined RRR, has 27% Maximum DrawDown, and 64% Average win rate 4 out of 10 You are a manual trader and know that the FOMC press conference is coming in 5 minutes. You have a confirmed bearish trend, while you have an open sell order with 39 pips profit. Which of the following actions would involve the lowest risk possible? Close my position Bring SL to the entry level and Put a trailing stop Put a buy stop order Close my position but look for sell order one more time Close my position and only look for trade opportunity after the press conference is over A moving average can be used for the following reasons: Trend director Support & Resistance Entry positioning & exit confirmation Doubling up a position All of the above 5 out of 10 You are a trader living in Europe and you are considering to choose a new FX Broker. Which one of the following should you choose? BROKER 1: Offering 100% bonus with withdrawal terms and conditions BROKER 2: Belize regulated firm, claiming to be an STP broker, with 1.2 pips average spread, no WD restriction, no AtoZ Approved status BROKER 3: CySEC regulated FX broker, full STP, AtoZ Approved status, 1.3 pips average spread BROKER 4: CySEC regulated FX broker, many advertisements on Bloomberg, $30 no deposit bonus, Spreads starting from 0 pips, 30% deposit bonus In which condition your broker has the right not to pay your profit? You have not read the broker terms and conditions for use of Bonus You have tried arbitrage You have opened two accounts to with two opposite entries All the above Only for A and B 6 out of 10 You should only risk the money that You earned due to yearend bonus Has no significant impact on your livelihood Will make you rich Could have paid your rent for the month Can be borrowed from the bank Traders should always have a backup plan. Which of the following could become a good Plan B? Have your account details available on your Smartphone Trade with a market maker broker and have the brokers’ dealing desk number available to call Call your Account Manager and give your account details Give your account log in details to your wife and teach how to trade Trade with a local broker 7 out of 10 If you are an intraday trader you must Spend too much time behind your computer Enter many positions every day Not have a day job Be making too much loss None of the above is a must The _____ time frame you trade, the ____ time you need behind your trading terminal Longer / More Shorter / Less Longer / Less None of the above All of the above 8 out of 10 Trading plan is used to: Analyze entries after they are made and learn from mistakes Enter positions with a logic behind Avoid mistakes while entering a position Self Criticize yourself and make Forex as a business All the above If you are a pivot point trader what do you need to wait for in order to calculate the PP? A break above the Pivot Point A reversal from S2 The market close for the timeframe you are looking for A new day A new week 9 out of 10 When you have a long Bearish candle You have a possible support and resistance You should avoid immediate bearish positions An important news came out FED is making an announcement None of the above Candlestick Formations occur Due to price action Due to support and resistance Due to clash of buyers and sellers Due to supply and demand All the above 10 out of 10 Next