All the quests from the basic campaign

On this page you'll find an overview off all the quests (41) mentioned in this guide. Test your current knowledge or challenge yourself by making all quests without a wrong awnser.

Quest: Your biggest enemy

Campaign: 0 / 42

What is the biggest enemy you will ever face when trading or investing?

Market fluctuations (bad news, financial crisis, pandemic, etc) People trying to convince you of investing in X or Y Your emotions

Reward: +10 XP 0 0 0

Quest: Fear of missing out

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What is fear of missing out?

The fear of losing money The fear of prices going up at the moment you just sold The fear of missing the opportunity while everybody else seems to be in

Reward: +10 XP 0 0 0

Quest: Bitcoin

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What is bitcoin?

A centralised valua like the dollar or euro A decentralised digital currency owned by no company, government or bank Bitcoin is used to send money anonymously around the world

Reward: +10 XP 0 0 0

Quest: Day traders

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What are day traders?

People trading every day People trading only during the day People opening and closing their position in the same day

Reward: +10 XP 0 0 0

Quest: Events

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Which of the following options can be described as an event?

Buying and using a trading script or bot Creating your own trading script Looking in detail how a trading script is working and figuring out if you should use it

Reward: +10 XP 0 0 0

Quest: Pay yourself first

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What other entity in the following list is paying itself first?

Your employer The government Your bank Your parents

Reward: +10 XP 0 0 0

Quest: Spending money

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On what subject do you think average people spend more money on than an average millionaire?

Groceries Restaurants Clothing

Reward: +10 XP 0 0 0

Quest: Investing with little money

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What would be the cheapest way to invest but has potentially the most value?

Buying bitcoin Buying stocks Buying a book about investing, trading or entrepeneurship

Reward: +10 XP 0 0 0

Quest: Luck

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What would best describe luck?

Luck is a random event Luck is created Luck cant be influenced

Reward: +10 XP 0 0 0

Quest: Fundamental analysis

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What do investors look at to determine if an investment might be valuable?

Looking at stock prices and how the company is doing right now Looking at how the company performed in the past Looking at income statements and balance sheets to find valuable information

Reward: +10 XP 0 0 0

Quest: Technical analysis

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What do day traders look at to determine their entries and exits?

The current price The price from last week Various indicators, support / resistance, candlesticks and trendlines

Reward: +10 XP 0 0 0

Quest: Volatility

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What is volatility?

Lots of activity in the market How fast something can be bought or sold Measurement of fluctuation in price over an x period of time

Reward: +10 XP 0 0 0

Quest: Owning cryptocurrencies

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If you buy a cryptocurrency, you are only 100% the owner if:

You backupped your private keys You store them at an exchange You store them in your own digital wallet

Reward: +10 XP 0 0 0

Quest: What to do when prices are moving

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What would be the best approach in general if you don’t know what to do when prices are moving?

Do nothing and find out why the price is going up or down Buy when the price goes down and sell when the price goes up Sell when the price goes down and buy when the price goes up

Reward: +10 XP 0 0 0

Quest: Bull market

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What is a bull market?

A reference to a bull which runs through the red cape representing a downfall in the financial markets over a sustained period of time A reference to a bull which is targeting the red cape representing the financial markets are on the edge of collapsing downwards A reference to a bull which is swinging his horns in the air representing a rise in overall financial markets for a sustained period of time

Reward: +10 XP 0 0 0

Quest: Regulations

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Are cryptocurrencies regulated?

Yes, cryptocurrencies are heavily regulated by law No, cryptocurrencies are not regulated in any way Yes, cryptocurrencies are regulated but very minimal

Reward: +10 XP 0 0 0

Quest: Paying taxes

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If cryptocurrencies are not regulated, do you have to pay taxes?

No, its not mandatory to pay taxes over cryptocurrencies Yes, cryptocurrencies are taxed just like any other financial asset Yes, but only when specific conditions are met

Reward: +10 XP 0 0 0

Quest: Storing cryptocurrencies at an exchange

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Why do many traders save their cryptocurrencies at an exchange or broker while they don’t have the private keys of these wallets?

Its too much hassle to send coins back and forth all the time Its too expensive to send coins back and forth all the time It takes too long to send coins back and forth all the time

Reward: +10 XP 0 0 0

Quest: Pricing of brokers

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Who determines the price of the traded asset when using a broker?

The buyer The seller The buyer and seller The broker

Reward: +10 XP 0 0 0

Quest: Pricing of exchanges

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Who determines the price of the traded security when using an exchange”?

Only the buyer Only the seller The buyer and seller The exchange

Reward: +10 XP 0 0 0

Quest: The best age

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What would be the best age to start investing?

As young as possible When you have a steady income When you have saved a certain amount of money

Reward: +10 XP 0 0 0

Quest: Compound interest

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What is compound interest?

Earning interest over your investment Earning interest on interest Rising in price of the underlying asset causing more interest income

Reward: +10 XP 0 0 0

Quest: Leverage

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What is leverage?

Borrowing money to get more buying power Increasing your capital to be able to buy more Taking a position in highly risky financial products

Reward: +10 XP 0 0 0

Quest: Spread

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What is spread?

Trading without commissions Spreading your buy and sell order over multiple positions The difference between the ask and sell price

Reward: +10 XP 0 0 0

Quest: Dividends

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What are dividends?

The company distributes an amount of their profits between shareholders to reward the investor for buying their stock The company paying you extra shares because you invested in them Interest paid (to you) over stocks you own

Reward: +10 XP 0 0 0

Quest: Emotional detachment

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You have to emotionally detach yourself from your investment or trading money because:

You cant stick to your plan when you need the money for other things You will make wrong decisions when you are emotionally attached You will always lose a trade at some point. More often than not. You need to accept this without regret

Reward: +10 XP 0 0 0

Quest: Daily chart candlesticks

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What does a standard candlestick represent on a daily chart?

How high and low the price moved during that day When the candle stick is red, it always shows that the closing price is lower than the closing price from the day before The opening and closing prices during that day When the candle stick is green, it always shows that the opening price is higher than the closing price from the day before

Reward: +10 XP 0 0 0

Quest: All time high trading

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Would it be a wise idea to buy in at the all time high?

Yes, the price is rising steadily over the past few weeks now. It seems like a good buy Yes, everybody is buying so why should I wait? No, the price is already reaching an all time high and you should always get out when all time highs are formed It depends on why the price is reaching an all time high

Reward: +10 XP 0 0 0

Quest: Whales

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What are whales in the context of trading or investing?

Traders or investors that placed big buy or sell orders Traders or investors that just made a lot of money Traders or investors that own a significant amount of shares or cryptocurrencies Traders or investors that own a significant amount of money

Reward: +10 XP 0 0 0

Quest: Pump and dump

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What are pump & dump schemes?

People luring in other investors to pump up the price based on lies, false statements and fake news A group of people dumping shares or crypto causing the market price to fall so they can buy back cheaper A group of people buying low cost and less known shares or crypto and quickly dump them when the price rises A group of people that already bought in, luring in other investors to pump up the price and dump their shares or coins when the price reaches a certain point

Reward: +10 XP 0 0 0

Quest: What are other people doing

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In general, would it be better to do what most people are doing or the exact opposite when trading or investing?

Following what most people are doing is generally the best option Following what most people are doing is generally the worst option You should always do the exact opposite It would be better to do nothing at all

Reward: +10 XP 0 0 0

Quest: Time the market

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Can you time the market?

Yes, using extensive fundamental and technical analysis the market can be timed No, its almost impossible to time the market Yes, markets can be timed if you look at previous trends and spend a lot of time figuring out where price is going

Reward: +10 XP 0 0 0

Quest: Beating the market

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What does beating the market means?

Making better returns than professional traders Making better returns than the best performing stocks in the market Making better returns than the average of the market

Reward: +10 XP 0 0 0

Quest: Advisors

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What would be the best thing to ask anyone who is advising you to buy stocks or other assets?

Did you buy this stock yourself and for what price? When did you buy this stock? Who else did you advise to buy this stock?

Reward: +10 XP 0 0 0

Quest: Automation

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What is the biggest advantage from automating your trading and investing:

You can make more profits because you can make more trades You dont have to be physically available to make a trade You rule out emotions

Reward: +10 XP 0 0 0

Quest: Buy and hold

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What are the biggest advantages when using the buy & hold strategy”?

You rule out emotion Its relatively easy to understand and maintain One of the best strategies for long term investment

Reward: +10 XP 0 0 0

Quest: Technical indicators

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What are technical indicators?

Indicators looking at financial data from a company Indicators that are showing the current trend, volume, volatility and momentum Indicators looking at the technical aspect of a company. For example, if the company is using its assets efficiently

Reward: +10 XP 0 0 0

Quest: Dollar cost averaging

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What is dollar cost averaging?

Investing an average amount each month Investing an average amount of your total bank account Investing in average stocks

Reward: +10 XP 0 0 0

Quest: Business and investing

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How would a business help you with investing?

Because you have to pay less taxes when owning a business You can invest more money Compound interest works best when you can feed it large amounts of money

Reward: +10 XP 0 0 0

Quest: Forex

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What is forex trading?

Trading foreign stocks Trading currencies Trading real estate markets

Reward: +10 XP 0 0 0

Quest: Leverage and forex

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Why would most day traders need leverage when trading forex?

Because forex is too volatile Because forex is not volatile at all Because the price fluctuations are too small

Reward: +10 XP 0 0 0

Quest: Shares