𝕿𝖍𝖊 𝕲𝖗𝖊𝖆𝖙 𝕮𝖔𝖒𝖒𝖚𝖓𝖎𝖙𝖞

1. Which type of chart is most popular among traders for detailed price action?
✅ Candlestick chart.

2. Why should traders practice on demo accounts?
✅ To learn without risking real money.

3. What is an uptrend characterized by?
✅ Higher highs and higher lows.

4. What's the first step in starting with technical analysis?
✅ Learning to read charts and identify trends.

5. What does technical analysis aim to predict?
✅ Future price movements.

6. What is the primary focus of technical analysis?
✅ Historical price data and patterns.

7. What is the purpose of the Relative Strength Index (RSI)?
✅ To measure momentum.

8. What is a common mistake when using technical analysis?
✅ Overloading with too many indicators.

9. Which trend is defined by prices staying within a range?
✅ Sideways trend.

10. What does the limit price do in a stop limit order?
✅ Ensures the trade executes within a specified price range.

11. What should traders avoid when setting stop and limit prices?
✅ Placing them too close together.

12. What is the purpose of a stop price in a stop limit order?
✅ To set the maximum or minimum price.

13. What happens if the market price doesn't reach the stop price?
✅ The stop limit order will not activate.

14. What is a common mistake when using stop limit orders?
✅ Setting a limit price higher than the stop price.

15. What does a resistance level indicate?
✅ Where prices tend to stop rising.

16. What do traders use moving averages (MA) for?
✅ To see the average price over a period.

17. When might a trader use a stop limit order to sell?
✅ To minimize losses when prices drop below a critical level.

18. How can stop limit orders assist in volatile markets?
✅ By automating trades with precise conditions.

19. What is the first step to create a stop limit order?
✅ Select "Stop Limit" as your order type.

20. How can a stop limit order help a buyer?
✅ By ensuring they don't pay more than their desired price range.

21. What does a stop limit order combine?
✅ A stop price and a limit price.

22. What is one key benefit of stop limit orders?
✅ They give traders more control over execution.

23. What is a common mistake when using stop limit orders?
✅ Forgetting to adjust them for changing market conditions.