Home » Quizzes & Surveys » Trading basics Trading basics Welcome to your Trading basics What is trading? Deselect Answer Buying and selling stocks or derivatives Buying and selling commodities Buying and selling foreign currencies or crypto All of the above None of the above None What should you know before you start trading? Deselect Answer Money management Emotional management Strategy All of the above None of the above None What is not money management in trading? Deselect Answer Protecting your capital Reducing your risk Holding on to losses and cutting your profits quickly All of the above None of the above None What is emotional management in trading? Deselect Answer Controlling your emotions like fear and greed Let your gut instincts guide your trades Maintain positivity and holding on to losing trades All of the above None of the above None Can I double my money every month? Deselect Answer Yes. You can become a MILLIONARE in few years !! No. You cannot. Yes. You can double your capital. But NO, you cannot do it on a regular basis. All of the above None of the above None What is paper trading? Deselect Answer I trade with the help of a paper and make some quick profits. I do live trading on a paper. I do demo trading on papers/sites/apps. I don't use real money. None of the above. All of the above. None What are the types of trading based on your holding period? Deselect Answer Day trading (1 day) Scalping (Few mins - hours) Swing / Positional trading (Few days-weeks) All of the above None of the above None What is backtesting in trading ? Deselect Answer Testing the backend of the trading terminal. Testing the trading strategy using historical data. Repeated testing. All of the above. None of the above. None What is a trading journal ? Deselect Answer A notebook, journal or dedicated sites and apps to record trades. Can record our mistakes that causes losses. Can record our emotions that causes errors. All of the above. None of the above. None What is a trading plan? Deselect Answer A plan that contains future entries. A plan that contains rules for your trades. A plan that contains future exits. All of the above. None of the above. None Please fill in the comment box below. Name Email Time's up Like this:Like Loading... Related
