CMT Association CMT-Level-II 問題集

質問 1：
What are common mistakes made by impatient traders?
A. Exiting the market too soon
B. Abandoning well reasoned trading strategies due to adversity
C. Entering the market too soon
D. All of the above
正解：D

質問 2：
To calculate moving averages for a point-and-figure chart:
A. First, convert the chart to a conventional line chart.
B. First, re-draw the chart as a 1X1 chart,
C. First, make a decision as to how many columns to average.
D. First, find the longest column, and count the number of filled boxes.
正解：C

質問 3：
Which market tends to have the GREATEST amount of volatility?
A. Currencies
B. Bonds
C. Eurodollars
D. Equities
正解：D

質問 4：
Which of the following is NOT true of the belt hold candle?
A. The bearish belt-hold is a long black candle that opens on the high and moves lower through the trading session
B. A short belt-hold line has more significance than a long belt-hold line
C. The term belt-hold refers to a sumo wrestling maneuver where a wrestler pushes his opponent while holding onto his belt
D. The pattern consists of a single candle
正解：B

質問 5：
Steve Smith, CFA, is an equity research analyst for a long-term investment fund. His annual bonus is linked to annual trading profits. Under a new policy, the assessment period is switched to a monthly assessment period. According to the Code and Standards, best practices dictate:
A. keeping the policy change within the firm and existing clients.
B. keeping the policy change within the firm.
C. requiring Smith to obtain permission from each client prior to implementation of the new policy.
D. updating disclosures when the policy change is implemented.
正解：D

質問 6：
According to Charles Dow, what has been the main downfall of Wall Street investors?
A. Independent thinking
B. Pride of opinion
C. Failure to stay the course
D. Failure to abide by classic trading rules
正解：B

質問 7：
Which of the following would normally be considered a sentiment indicator that is most useful to traders?
A. Price/earnings ratio
B. Corporate buy backs
C. Insider buying
D. Put/call ratio
正解：D

質問 8：
The strength and direction of the relationship between two markets is measured by:
A. spread.
B. moving Average.
C. regression.
D. correlation coefficient.
正解：D

質問 9：
Which of the following is a CORRECT interpretation of the shooting star pattern?
A. It is a bearish reversal pattern
B. The color of the real body is of utmost importance to its significance
C. Shooting stars in charts, as in life, are omens of good fortune
D. It is even more bearish than the gravestone doji candle
正解：A