General evaluation on your first trading year: Сheck out your performance


The major challenge of first-year traders revolves around navigating the global market. This assessment has been curated to measure your trading performance over your first year. It starts with the fundamentals of trading and gradually slides into a more technical approach. By the end of this assessment, you would have had insight into what a global market trader should know in their first year. You will also brush up on your trading decisions to improve your craft.

As a first-year trader, which method assures the safest possible result when dealing with a volatile market?
Trading multiple assets
Trading multiple assets adds to the trading risk.
Not trading at all because it is risky
Not trading doesn’t initiate any result.
Confluence trading
By combining two or more trading strategies, you can pinpoint how to approach the volatile market.
Scalping is not the best approach towards an aggressively volatile market.
Back Next Check
As a rule of thumb, what is the required box to check before entering a market?
Be sure that your levels are visible
Identifying possible support and resistance levels helps you know where price reversal may take place.
Know what asset you are trading
The asset you are trading does not directly affect how you enter the market.
Have a plan B when things get out of hand
Be sure you have an exit strategy before you open a position.
Set your confidence level to maximum
Maximum confidence is not a requirement to enter a market.
Back Next Check
As a first-year trader what will you do when your trading strategy doesn't work?
Quit trading
When you quit trading, you miss out on more.
Dump that strategy and adopt another
Dumping one strategy for another doesn't guarantee success.
Continue to be hopeful, one day it could work
Probability trading doesn’t provide the best result.
Check to see what’s wrong with your approach, then re-strategize
Examining a trading strategy lets you understand how it works and helps you become better.
Back Next Check
A demand zone on the price chart shows where large cooperation like banks has placed massive buy orders. What is the best way to approach a demand zone?
Wait to see if it is a demand zone
Waiting could lead to more loss of opportunities.
Disregard the zone and continue scalping
Scalping contradicts the patience involved in trading a demand zone.
Analyze the trend as it approaches the demand zone
It is best to study the price progression as it moves toward the demand zone.
Place the buy order anywhere on the chart
The price movement often reverses before reaching a significant price point.
Back Next Check
You observe a potential falling knife on the price chart. Which trading indicator would you deem most suitable to speculate the catching of the falling knife?
This is not the ideal indicator to catch a falling knife.
Relative Strength Index
The relative strength index makes catching a falling knife easy.
Moving Average
This is not the ideal indicator to catch a falling knife.
Bollinger Bands
This is not the ideal indicator to catch a falling knife.
Back Next Check
The 80/20 rule is a trading strategy used to trade the following market conditions, except:
A stagnant market
This rule cannot trade a stagnant market.
Uncertain future of the market
This rule can trade an uncertain market.
Volatile market
This rule can trade an uncertain market.
Steady growing market
This rule can trade in an uncertain market.
Back Next Check
A good entry strategy is more important than an exit strategy. On what ground does this favor a first-year trader?
There is no need to plan to run out of the market
A good entry strategy doesn’t include a bailout of the market.
It kills confidence
An entry strategy doesn’t kill a trader’s confidence.
First-year traders need to know how to open a favorable position
This is a good ground for starting traders.
None of the above
It is a wrong answer.
Back Next Check
In addition to solid risk management, how can a first-year trader realize a profit with less risk?
Trade less often
Less frequent trading could reduce risk.
Overtrading exposes your portfolio.
Trade without technical indicator
Trading without a technical indicator is risky.
All of the above
All the options above need to be corrected.
Back Check Result
0 out of 8 answers are correct

Kudos for trying! The result shows that you have a long way to go with your first year of trading. In your free time, you can look up some of our blog posts to help you navigate your starting year in the global market. Ultimately, give yourself time to grow. As they say, practice makes room for perfection.

You are doing well, but there is still a lot of ground to cover. You can improve your trading performance as a first-year trader by learning new methods and putting them into practice. We have a handful of resources that will help you develop trading confidence and learn how to handle more delicate market situations over time.

You aced it! You can go ahead from here to become a more experienced trader. You only need to spend time with your trading methods and get your angles right with more technical aspects of the global market. You can also brush up on your trading skills with valuable resources on our website.

We give you a special gift – promo code that gives +100% to your deposit. Keep on broadening your trading horizons!

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