Which of the following best helps quantify the risk of a trading system?

• A.Length of Average Winning Trade
• B.Longest Flat Time
• C.Maximum Favorable Excursions
• D.Maximum Cumulative Drawdown

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The Efficient Market Hypothesis assumes that:
I. Most investors will act rationally
II. Most investors will act irrationally
III. Prices typically reflect all available information
IV. Prices typically do not reflect all available information

• A.I & III
• B.II & IV
• C.II & III
• D.I & IV

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Which of the following is an important point in interpreting chart patterns?

• A.Longer-term patterns are more valid than shorter patterns
• B.Topping patterns usually have smaller price ranges and take longer to build
• C.Chart patterns should be interpreted separately from trendline analysis
• D.Chart pattern interpretation is based solely on the current pattern and ignores the prior trend

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Which of the following scale is used where the vertical distance on the graph always represents the same dollar amount?

• A.Linear scale
• B.Arithmetic scale
• C.Logarithmic scale
• D.Exponential scale

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Tick volume refers to:

• A.the number of contracts traded at each price tick.
• B.the change in open interest during a particular time interval.
• C.the number of contracts traded at each time interval.
• D.the number of recorded price changes during a particular time interval.

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