Are you ready to trade crypto futures?
Exchanges make you pass a quiz before they let you trade futures, then they let you lose money anyway. This one tells you the truth: your score in each area, the reasoning behind every answer, and what to fix first.
Start from the beginning
Nothing to be ashamed of: this is what the test is for. Trading futures with these gaps is how accounts get wiped. Learn the basics first, free, and practise with paper money.
Start the AcademyYou know some of it, and the gaps are expensive ones
You have the idea of how this works, but the gaps below are where real money goes. Fix those first, then practise them in Paper Trade.
Fix your weakest areaYou know the mechanics. Now prove the discipline
Your knowledge is solid. Knowledge is not what fails under pressure, though. Practise with paper money until your journal shows you keep your rules.
Open Paper TradeStrong result. Knowing is the easy half
Few people score this high. A quiz cannot measure what you do when a trade goes wrong, so test that next: five disciplined trades in a row in our practical exam.
Take the practical examA test measures what you know, not what you do when a trade goes against you. A high score is not a signal to trade real money. Futures can lose your whole stake, and nothing here is financial advice.
You open a $1,000 long at 10x. How much margin did you put up, and how large is the position?
In futures the size of a trade is the position. Margin is the position divided by leverage: $1,000 / 10 = $100.
BTC is at $60,000. You go long at 20x with a 0.5% maintenance margin. Ignoring fees, about where are you liquidated?
Long liquidation = entry x (1 - 1/leverage + maintenance) = 60,000 x (1 - 0.05 + 0.005) = $57,300.
Two traders risk the same dollar amount with the same stop price. One uses 5x and the other uses 25x with a smaller margin. What changes?
Same position size and same stop means the same loss at the stop. Higher leverage only means less margin and a liquidation price closer to entry.
Your account is $2,000 and you risk 1% per trade. Your stop is 2% from entry. What position size fits?
Risk is 1% of $2,000 = $20. Position = risk / stop distance = $20 / 0.02 = $1,000.
A trade risks $50 to make $75. You win 35% of the time. Ignoring fees, what happens over many trades?
0.35 x $75 - 0.65 x $50 = $26.25 - $32.50 = about -$6.25. A good-looking ratio is not enough without the win rate to match.
After losing 20% of an account, what gain do you need just to get back to where you started?
$100 down 20% is $80, and $20 on $80 is 25%. Losses need bigger gains to repair, which is why position size matters more than entries.
You open and close a $10,000 position. The taker fee is 0.055% per side. What do the fees cost in total?
Fees are charged on the position, on both sides: $10,000 x 0.055% x 2 = $11, whatever margin you used.
Funding is positive on a perpetual. You hold a short through the funding time. What happens?
Positive funding means longs pay shorts. It moves between traders, and the exchange does not keep it.
You set a stop-market order at $95 on a long, and price gaps from $97 to $93. Where do you most likely get filled?
A stop-market order becomes a market order once triggered, so it fills at the next available price. A stop limits the plan, not the worst case.
A coin drops 8% in an hour and open interest falls sharply at the same time. What is the likeliest reading?
Falling price with falling open interest means positions are leaving the market. New shorts would raise open interest.
Price has made higher highs and higher lows for a week. It now breaks below the last higher low on heavy volume. What changed?
An uptrend is defined by higher lows, so losing one breaks the structure. That is information, not a guarantee of a reversal.
A level has held four times. Price is back at it, moving fast, on rising funding. A clean breakout candle closes just above resistance. What should worry you most?
Failed breakouts are common. A close back under the level leaves late buyers trapped, and their stops become fuel for the drop.
You lost three trades in a row, all inside your plan. You feel you must win it back today. What is the right move?
Three planned losses are normal. Raising size to win it back is revenge trading, which turns a normal streak into a real drawdown.
A trade is near your stop. You are sure it will turn around. What do you do?
A stop is decided before the trade, when you can think clearly. Moving it is letting the fear of a loss make the decision.
You made 40% in a month on paper by breaking your rules three times. What is the honest conclusion?
A result earned by breaking your rules says little about your process. Judge the process, not one month's number.
About this test
How does the Trader Readiness Test work?
It is 15 questions on leverage, risk, costs, reading the market and discipline. You get your score at once, a result for each area, and the reasoning behind every answer. It takes about five minutes, is free, and needs no account.
Does a high score mean I should trade real money?
No. The test measures knowledge. It cannot measure how you behave when a trade goes against you, and nothing here is financial advice. Futures trading can lose your whole stake.
Can I retake it?
Yes, as often as you like. The questions do not change, so the second score says less than the first. The Academy has full lessons and harder final exams for each topic.