Question 1

According to Charles Dow, what has been the main downfall of Wall Street investors?

Options :

A :

Independent thinking

B :

Failure to stay the course

C :

Pride of opinion

D :

Failure to abide by classic trading rules

Answer: C

Question 2

Which of the following is the BEST volume indicator for analysis of futures trading?

Options :

A :

Open interest

B :

Contract volume

C : Total volume

D : Breadth

Answer: C

Question 3

This chart type integrates volume directly into the price bar:

Options :

A :

Equivolume

B :

VWOP

C :

Renko

D :

Ichimoku Cloud

Answer: A

Question 4

Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?

Options :

A :

Price, momentum and volume

B :

Price, pattern and volume

C :

Waves, alternation and reversals

D :

Pattern, ratio and time

Answer: D

Question 5

According to the MTA Code of Ethics, what prohibitions MUST be adhered to after making a buy or sell recommendation?

Options :

A :

Allow adequate time for clients to act on recommendations before the analyst acts on the recommendation

B :

Analysts must give clients and their employer adequate time to trade, but the analyst-s family members are under no such restriction

C : Analysts may effect trades for their own account even if their employer has not had time to act on their recommendation

D : Insider trading activity is the subject of SEC regulations, therefore the MTA Code of Ethics is silent on this issue

Answer: A