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CEX.IO Quiz 1 : How to Start with Technical Analysis: A Beginner's Guide Quiz 2 : Stop Limit Orders Explained: How to Take Control of Your Trades 1. Which type of chart is most popular among traders for detailed price action? ✅ Candlestick chart. 2. Why should traders practice on demo accounts? ✅ To learn without risking real money. 3. What is an uptrend characterized by? ✅ Higher highs and higher lows. 4. What's the first step in starting with technical analysis? ✅ Learning to read charts and identify trends. 5. What does technical analysis aim to predict? ✅ Future price movements. 6. What is the primary focus of technical analysis? ✅ Historical price data and patterns. 7. What is the purpose of the Relative Strength Index (RSI)? ✅ To measure momentum. 8. What is a common mistake when using technical analysis? ✅ Overloading with too many indicators. 9. Which trend is defined by prices staying within a range? ✅ Sideways trend. 10. What does the limit price do in a stop limit order? ✅ Ensures the trade executes within a specified price range. 11. What should traders avoid when setting stop and limit prices? ✅ Placing them too close together. 12. What is the purpose of a stop price in a stop limit order? ✅ To set the maximum or minimum price. 13. What happens if the market price doesn't reach the stop price? ✅ The stop limit order will not activate. 14. What is a common mistake when using stop limit orders? ✅ Setting a limit price higher than the stop price. 15. What does a resistance level indicate? ✅ Where prices tend to stop rising. 16. What do traders use moving averages (MA) for? ✅ To see the average price over a period. 17. When might a trader use a stop limit order to sell? ✅ To minimize losses when prices drop below a critical level. 18. How can stop limit orders assist in volatile markets? ✅ By automating trades with precise conditions. 19. What is the first step to create a stop limit order? ✅ Select "Stop Limit" as your order type. 20. How can a stop limit order help a buyer? ✅ By ensuring they don't pay more than their desired price range. 21. What does a stop limit order combine? ✅ A stop price and a limit price. 22. What is one key benefit of stop limit orders? ✅ They give traders more control over execution. 23. What is a common mistake when using stop limit orders? ✅ Forgetting to adjust them for changing market conditions.

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