NFA QUIZ

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NFA Trading Quiz

Test your knowledge on trading strategies and risk management with our engaging NFA Quiz! Whether you're a beginner or an experienced trader, this quiz will challenge your understanding of essential trading concepts.

10 multiple choice questions
Immediate feedback on your answers
Learn key concepts of trading psychology and strategy

10 Questions2 MinutesCreated by TradingGuru247

Is 6 days a good trading setup?

Yes, the risk is high so that means more profit.

No, a good setup should only be 3-5 days

Yes, the 10 strategies I know of show that I can enter by the 6th day of a setup

Is it good to avoid doing analysis?

Preparation is important to know what you will be trading

I follow what the news says. If it says Buy I Buy and If the say the market will fall I will Sell.

I don't do analysis I just check for levels of support and resistance and enter anywhere

Does risk management matter?

I use big lotsizes even if my account size is to small

What is risk management. I use any lotsize I want to win big.

I know everything the Market will obey me

Risk management is important to help you stay consistent.

Trendlines are not needed

Just know every candlestick and you will make money

Trendlines are needed if you want to know where to enter

Wait for the News event to happen so you can enter

Back-testing is an important factor when you are building your confidence with the market

True

False

It is important to put pressure on yourself as a trader

Pressure is healthy if it pushes you to stick to the trading rules and not be greedy.

I need to rush the process I want tons of cash asap

It's Important to know everything in trading

I know everything the market needs to reward me now

You can know everything and still not succeed because you haven't even mastered one thing

Master what you know and you will be consistent

I just BUY and SELL I don't need knowledge

I need to keep moving to the next best trading technique

You can know every strategy in the world and still not succeed.

Rushing a simple process won't get you anywhere. Results is how I show I'm mastering what I've learnt

Characteristics of a pro trader

Greed, Trades high risk, consistent in blowing accounts.

Hard work, sets time aside to back-test, learns from their silly mistakes and strengthens their mind to not be shaken by a trade that doesn't go their way,

Flashy, opens high risk trades and hopes for the best, thinks the market should obey them.

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NFA Trading Quiz

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