Quizzes 73 to 76

A trend is?

A) Your friend
B) a series of lower/highs or higher/lows
C) irrelevant
D) all of the above

The wrong answers include C) irrelevant and D), all of the above.

The correct answers are A) your friend, and B) a series of lower/highs or higher/lows. By following the trend, you are using the momentum of the market to hopefully reach your target. Going against the trend is without a doubt one of the riskiest and dangerous ways to trade the market.

A bullish channel is a channel that?

A) Is falling
B) is horizontal
C) is rising
D) is none of the above

The wrong answers include A) is falling, B) is horizontal, and D) none of the above.

The correct answer is C) is rising. Bullish momentum is positive momentum and pricing, meaning that an asset is gaining value.

In a bullish trend?

A) Traders look to sell spikes
B) traders look to buy dips
C) traders look to sell from higher levels
D) traders look to sell from lower levels

The wrong answers include A) traders look to sell spikes, C) traders look to sell from higher levels, and D) traders look to sell from lower levels.

The correct answer is B) traders look to buy dips. This offers value in an asset that is rising. By going long on dips, the trader is joining the momentum when prices become cheap.

Metatrader 5 is?

A) No different than MetaTrader 4
B) more popular than MetaTrader 4
C) the same as MetaTrader 4
D) none of the above

The wrong answers include A) no different than MetaTrader 4, B) more popular than MetaTrader 4, and C), the same as MetaTrader 4.

The correct answer is D) none of the above. MetaTrader 5 is the most recent version of the software package.

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