Trading 101 · Final Assessment

Final Assessment

A 20-question final assessment covering the whole course.

20questions

Trading 101Final Assessment

Review the lessons first

No guide to read here — this checks everything from the 8 lessons. If you get stuck, go back and review, then come take it again.

Review the lessons

Assessment

Test yourself

20 questions

Complete all 20 questions before submitting the assessment.

Question 01
What does a market order guarantee?
Question 02
News just hit and you must exit a losing trade immediately. Which order do you use?
Question 03
At what price does a buy limit order fill?
Question 04
Price is 50 and you only want to buy at 48 or better. Which order do you place?
Question 05
When does a stop order become a market order?
Question 06
You are long at 50 and want to auto-exit if price drops to 47. Which order do you place?
Question 07
To trigger at a level but cap the price you pay, which order do you use?
Question 08
With 10:1 leverage, $1 of capital controls:
Question 09
You have $1,000 and use 20:1 leverage. What is maximum exposure?
Question 10
What does leverage magnify?
Question 11
A broker requires 5% margin on a $10,000 position. What is required margin?
Question 12
When is a margin call triggered?
Question 13
If you ignore a margin call, what may the broker do?
Question 14
When should you set a stop loss?
Question 15
Long at 100, stop at 96, size 50 units. Maximum loss is about:
Question 16
What does widening a stop to avoid being wrong tend to do?
Question 17
The spread is the gap between which two prices?
Question 18
Bid is 1.2000 and ask is 1.2002. What is the spread?
Question 19
Because you cross the spread on entry, how does a new position start?
Question 20
Which traders do trading costs matter most for?

Answered 0 of 20 · pass 70% (14/20) to complete the course

Trading 101Final

Trading 101 · Final Assessment

Final Assessment

A 20-question final assessment covering the whole course.

20questions

Trading 101Final Assessment

All lessons

Review the lessons first

No guide to read here — this checks everything from the 8 lessons. If you get stuck, go back and review, then come take it again.

Review the lessons

Assessment

Test yourself

20 questions

Complete all 20 questions before submitting the assessment.

Question 01
What does a market order guarantee?
Question 02
News just hit and you must exit a losing trade immediately. Which order do you use?
Question 03
At what price does a buy limit order fill?
Question 04
Price is 50 and you only want to buy at 48 or better. Which order do you place?
Question 05
When does a stop order become a market order?
Question 06
You are long at 50 and want to auto-exit if price drops to 47. Which order do you place?
Question 07
To trigger at a level but cap the price you pay, which order do you use?
Question 08
With 10:1 leverage, $1 of capital controls:
Question 09
You have $1,000 and use 20:1 leverage. What is maximum exposure?
Question 10
What does leverage magnify?
Question 11
A broker requires 5% margin on a $10,000 position. What is required margin?
Question 12
When is a margin call triggered?
Question 13
If you ignore a margin call, what may the broker do?
Question 14
When should you set a stop loss?
Question 15
Long at 100, stop at 96, size 50 units. Maximum loss is about:
Question 16
What does widening a stop to avoid being wrong tend to do?
Question 17
The spread is the gap between which two prices?
Question 18
Bid is 1.2000 and ask is 1.2002. What is the spread?
Question 19
Because you cross the spread on entry, how does a new position start?
Question 20
Which traders do trading costs matter most for?

Answered 0 of 20 · pass 70% (14/20) to complete the course

Trading 101Final

Final Assessment

Review the lessons first

Test yourself

What does a market order guarantee?

News just hit and you must exit a losing trade immediately. Which order do you use?

At what price does a buy limit order fill?

Price is 50 and you only want to buy at 48 or better. Which order do you place?

When does a stop order become a market order?

You are long at 50 and want to auto-exit if price drops to 47. Which order do you place?

To trigger at a level but cap the price you pay, which order do you use?

With 10:1 leverage, $1 of capital controls:

You have $1,000 and use 20:1 leverage. What is maximum exposure?

What does leverage magnify?

A broker requires 5% margin on a $10,000 position. What is required margin?

When is a margin call triggered?

If you ignore a margin call, what may the broker do?

When should you set a stop loss?

Long at 100, stop at 96, size 50 units. Maximum loss is about:

What does widening a stop to avoid being wrong tend to do?

The spread is the gap between which two prices?

Bid is 1.2000 and ask is 1.2002. What is the spread?

Because you cross the spread on entry, how does a new position start?

Which traders do trading costs matter most for?

Final Assessment

Review the lessons first

Test yourself

What does a market order guarantee?

News just hit and you must exit a losing trade immediately. Which order do you use?

At what price does a buy limit order fill?

Price is 50 and you only want to buy at 48 or better. Which order do you place?

When does a stop order become a market order?

You are long at 50 and want to auto-exit if price drops to 47. Which order do you place?

To trigger at a level but cap the price you pay, which order do you use?

With 10:1 leverage, $1 of capital controls:

You have $1,000 and use 20:1 leverage. What is maximum exposure?

What does leverage magnify?

A broker requires 5% margin on a $10,000 position. What is required margin?

When is a margin call triggered?

If you ignore a margin call, what may the broker do?

When should you set a stop loss?

Long at 100, stop at 96, size 50 units. Maximum loss is about:

What does widening a stop to avoid being wrong tend to do?

The spread is the gap between which two prices?

Bid is 1.2000 and ask is 1.2002. What is the spread?

Because you cross the spread on entry, how does a new position start?

Which traders do trading costs matter most for?