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Question 1

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 2

Which of the following are true of the concepts of divergence and confirmation in technical analysis

Options :

A :

They are opposite concepts

B :

Confirmation has a valid technical interpretation but in the case of divergence, no valid conclusion can be drawn

C :

Confirmation indicates a likely change in trend since all technical indicators are in agreement

D :

Divergence indicates continuation in trend since different technical indicators do not agree

Answer: A

Question 3

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 4

The "Rising 3 Methods" candlestick pattern is: I. Bullish II. Bearish III. Long White Body followed by a series of smaller falling candles IV. Long Black Body followed by a series of smaller rising candles

Options :

A :

I & III

B :

I & IV

C :

II & III

D :

II & IV

Answer: A

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