## Welcome to the quiz

• You can take the quiz as many times as you like - we'll record your best effort
• There's no time limit, so you can spend as long as you like on each question.

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Question 1 of 5

### Which of the following elements can you control when you’re trading? (Select all that apply)

• When you’re going to exit the trade
• The way the market moves
• How much risk you’re going to expose yourself to
• When you’ll enter the trade

### Explanation

You can’t control how markets will move, or whether you’ll win each trade you place. But by defining how much risk you want to take, and where you’ll enter and exit each trade, you can control how much you stand to win or lose on each trade.

Question 2 of 5

### If you have a tendency to snatch profits, your win rate might be relatively high. However, you can’t view your win rate in isolation, what else should you consider?

• A Profit-to-loss ratio
• B Loss rate
• C Total returns

### Explanation

Your profit-to-loss ratio gives you a clear idea of how much you’re winning when you trade vs how much you’re losing. You shouldn’t rely solely on your win rate as it only takes into account volume of trades, rather than value of trades – meaning you can have a low win rate and still be trading profitably.

Question 3 of 5

### If you want to remove the temptation of running losses and snatching profits, which of the following is the most important to define?

• A When you’ll enter a trade
• B When you’ll exit a trade

### Explanation

Establishing the level at which you’ll exit a trade, whether it’s in profit or loss, is key to adding discipline to your trading. By doing this you can remove the temptation to let losing positions run or to close winning positions too early.

Question 4 of 5

### Where can you set stops and limits in the platform?

• A Directly in the deal ticket
• B In the positions panel
• C Both of the above

### Explanation

You can set stops and limits directly in the deal ticket when you’re opening a position, or you can add them to existing positions by clicking on the ‘positions’ tab on the left-hand menu.

Question 5 of 5