Stage 1 quiz — Markets and tools
Where price comes from, what an order really buys, what leverage really changes, and what a thin book charges. Eight questions, one lesson behind each; every wrong answer sends you back to the exact lesson.
Covers: How the crypto market actually works · Choosing a trustworthy exchange · Market, limit and stop orders · Leverage and margin · Liquidity and spread
Most of the score is still empty — normal on day one. Work through the stages and the number follows.
Next step: Take the Stage 0 quiz → (your weakest weighted component)
Scored in this browser only — nothing is sent anywhere. Readiness measures process, not future profit.
Pick one answer per question, then check. Working is shown for every answer.
1. Where does "the price" of a coin come from?
2. A market order buys you…
3. A limit order buys you…
4. What is a stop order, really?
5. What does the leverage setting actually change?
6. Slippage is a property of…
7. Which is NOT one of the three questions for choosing an exchange in the lesson?
8. Why is 24-hour volume the wrong number to size an order from?
Questions people ask about the stage quizzes
What does the Stage 1 quiz cover?
The 5 published lessons of Stage 1 — How the crypto market actually works, Choosing a trustworthy exchange, Market, limit and stop orders, Leverage and margin, Liquidity and spread. Each question is tied to one lesson, and the explanation after scoring links straight to it.
What score should I aim for before moving on?
Seven of eight or better. A miss is not a failure — it is the one lesson worth re-reading before the next stage builds on it.
How does this affect my readiness score?
Knowledge is 40% of the readiness score and is the average of your best result on all eight stage quizzes, with untaken quizzes counting as zero. Scores are stored only in this browser.
Missed one? The lesson is one click away
How the crypto market actually works · Choosing a trustworthy exchange · Market, limit and stop orders · Leverage and margin · Liquidity and spread