General Market Knowledge

5 cards   |   Total Attempts: 188
  

Cards In This Set

Front Back
Question 1
What is a Congestion Area?
Answer 1
Congestion in trading refers to many buyers and sellers in an area. Therefore, the price is at a stalemate and does not move.
Question 2
What is a Support Area?
Answer 2
Support is a place where buyers tend to come into the market due to a support level holding.
Question 3
What is a Resistance Area?
Answer 3
A resistance area is a place where a level may continually attempt to break the area but doesn't. Therefore, sellers are prone to exit their positions.
Question 4
What is a Bullish Outlook?
Answer 4
A bullish outlook on the market means the view is positive and a speculator will expect prices to increase.
Question 5
What is a Bearish Outlook?
Answer 5
A bearish outlook on the market means the view is negative and a speculator will expect prices to decrease.