Quiz No. 2 - Position Trading and Bollinger Bands

This is the most important skill in a trader's skill set.

• Leveraging

• Scalping

• Position Sizing

• Swing Trading

You need to find the position size that keeps you within…

• the limit of your broker

• the profit zone

• risk comfort level

This is the act of setting the right amount of units of a currency pair to buy or sell.

• Leverage

• Scalping

• Position Sizing

Currency pairs are generally more favoured by position traders, due to their consistent volatility.

• TRUE

• FALSE

A common approach when using Bollinger Bands® is to identify _______

• support

• resistance

• overbought

• moving average

A trader can visually identify when the price of an asset is consolidating because the upper and lower bands gets farther to each other

• TRUE

• FALSE

Position traders ignore short-term price movements and prefer to rely on more precise fundamental analysis and long-term trends.

• True

• False

Volatility is on the rise when Bollinger Bands contract.

• True

• False

Which of the following is a good tool to confirm a breakout?

• RSI

• AUD

• CPI

• KFC

Which of the following is something we don't need to determine the appropriate position size?

• account equity

• The percentage gain you wish to get

• stop loss in pips

• currency pair you are trading