Practice CMT-Level-II Exam Online

Question 1

Which of the following is true of the separating lines pattern?

A :

The top of the upper shadow of one candle is at the same price as the bottom of the lower shadow of the other candle

B :

The opening price of the second candle equals the opening price of the first candle

C :

The two candles have the same color

D :

It is a reversal pattern

Answer: B

Question 2

According to Charles Dow, what has been the main downfall of Wall Street investors?

A :

Independent thinking

B :

Failure to stay the course

C :

Pride of opinion

D :

Failure to abide by classic trading rules

Answer: C

Question 3

Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?

A :

Price, momentum and volume

B :

Price, pattern and volume

C :

Waves, alternation and reversals

D :

Pattern, ratio and time

Answer: D

Question 4

According to the MTA Code of Ethics, what prohibitions MUST be adhered to after making a buy or sell recommendation?

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 5

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

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

Name:	CMT Level II
Exam Code:	CMT-Level-II
Certification:	CMT Program
Vendor:	CMT Association
Total Questions:	179
Last Updated:	Apr 25, 2024

CMT Association CMT-Level-II