Question 1

Which of the following is one of the advantages of computerized trading systems?

Options :

A :

Computerized trend following systems are profitable in all types of markets

B :

Computerized systems improve the interpretation of complex trading patterns

C :

Computerized trading systems remove the human emotion element

D :

All of the above

Answer: C

Question 2

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

Question 3

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 4

Why doesn't the doji candle have a real. body?

Options :

A :

The doji is an abbreviated method of drawing candles

B :

The open and close are the same

C :

The high and low are the same

D :

Buyers are stronger than sellers

Answer: B

Question 5

How can one identify the existence of a cycle?

Options :

A : Remove price trend

B : Switch time frames

C : Use only period extremes

D : None of the above

Answer: A