Quiz: 3/5 Pending order entry

This is your first attempt with this quiz. Good luck!
Below, find 10 multiple choice questions to test your understanding of the lesson.
Please note: For each of the questions, make sure that you mark all the answers that you think are correct.

Multiple answers can be correct.
What is a pending order?
Assume you are in this step of the beginner strategy, and the market direction is up. What do you do?
Think about the basic money management rules we suggest for the beginner strategy.
For every $100 in your trading account, what volume do you enter in your pending order?
In the following chart, the market direction is up. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending buy stop order.

Which of the blue lines is the correct placement for a pending buy stop order?
Entering the pending order question 4
In the following chart, the market direction is down. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending sell stop order.

Which of the orange lines is the correct placement for a pending sell stop order?
Entering the pending order question 5
In the following chart, the market direction is down. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending sell stop order.

Which of the red lines is the correct place to set a pending stop loss?
Entering the pending order question 6
In the following chart, the market direction is down. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending sell stop order.

Which pivot point is used to place the profit target?
Entering the pending order question 7
When placing a trade, what should you do with the spread?
In the following chart, the market direction is down. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending sell stop order.

Which of the red lines is the correct place for the pending stop loss?
Entering the pending order question 9
In the following chart, the market direction is up. The red shaded area shows the fractal that is broken to complete the trade set-up, allowing you to enter a pending buy stop order.

Where should you place your buy stop order?
Entering the pending order question 10

Innovative



Best deals