Beginner Final Exam - Trading Institute

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Final Exam

Beginner Final Exam

Exam Details

Beginner Final Exam

Congratulations on completing the Beginner course! You are on your way to become an Expert trader. This must be a pretty exciting moment in your life, learning how to trade a 5 trillion dollar market (or any market for that matter, as technical analysis applies to all markets) that is accessible 24 hours a day, nearly 6 days a week. Becoming your own boss, setting your own schedule, living your own life. Becoming a professional takes practice, and the beautiful thing about trading the financial markets is that you can practice without ever risking a single dollar until you are ready for the big leagues! We are proud to have you as part of our family! Best of luck on your final exam!

Answer 211 of 264 questions to advance to next level.

Final Exam locked.

Please watch full video to unlock final exam.

Correctly answer 211 of 264 questions to advance to next level.

Question 1 of 264

Correctly answer 211 of 264 questions to pass.

When you measure from X to A, point B should complete between?

38.2% or 61.8% Fibonacci retracement of X to A

38.2% or 88.6% Fibonacci retracement of B to C

50% Fibonacci retracement of X to A

Question 2 of 264

Correctly answer 211 of 264 questions to pass.

With the Shark pattern, after the initial 0-X swing is complete, the X-A leg needs to complete at what Fibonacci retracement level?

None

38.2%

50%

Question 3 of 264

Correctly answer 211 of 264 questions to pass.

What is a bullish trend?

a trend going up

a trend going down

a trend going sideways

Question 4 of 264

Correctly answer 211 of 264 questions to pass.

The Shark pattern turns into a __________ when price trades back into the 50% Fibonacci retracement after completing?

Gartley pattern

5-0 pattern

Doji

Question 5 of 264

Correctly answer 211 of 264 questions to pass.

When measuring the Crab pattern, point D completes between?

161.8% or 261.8% Fibonacci extension of B to C

224% or 361.8% Fibonacci extension of B to C

127.2% or 161.8% Fibonacci extension of B to C

Question 6 of 264

Correctly answer 211 of 264 questions to pass.

When you measure the 121 pattern, point D of the pattern needs to complete at?

61.8% or 78.6% of X to A

50% or 61.8% of X to A

50% or 78.6% of X to A

Question 7 of 264

Correctly answer 211 of 264 questions to pass.

MACD crossing above the centre line is?

bullish

bearish

dovish

Question 8 of 264

Correctly answer 211 of 264 questions to pass.

What is the point of finding the symmetry in harmonic patterns?

To determine the length of time each part of the pattern formed

To determine the exact size of the pattern

To determine where point D of the pattern is

Question 9 of 264

Correctly answer 211 of 264 questions to pass.

Connecting higher lows gives us a?

rising trend line

falling trend line

ranging market

Question 10 of 264

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Parabolic SAR identifies?

potential shifts in momentum

potential shifts in popularity

ranging markets

Question 11 of 264

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The term bullish refers to?

downward market

upward market

flat market

Question 12 of 264

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What is the difference between the Bat pattern and the Butterfly pattern?

The Butterfly completes outside of the structure of the pattern

The Bat pattern completes outside of the structure of the pattern

Both of the above answers

Question 13 of 264

Correctly answer 211 of 264 questions to pass.

Point D of the Butterfly pattern should line up at the?

161.8% or 261.8% extension of B to C and 127.2% or 161.6% extension of X to A

161.8% or 261.8% extension of B to C

127.2% or 161.6% extension of X to A

Question 14 of 264

Correctly answer 211 of 264 questions to pass.

The C point of the Bat pattern has to complete where?

At the 38.2% or 50% Fibonacci retracement level

At the 78.6% or 88.6% Fibonacci retracement level

At the 38.2% or 88.6% Fibonacci retracement level

Question 15 of 264

Correctly answer 211 of 264 questions to pass.

What is a Buy Stop order?

an order that is executed when price trades above the current market price

an order that is executed when price trades below the current price

an order that is executed immediately

Question 16 of 264

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Demo trading allows you to?

test the platform out

test your strategy out

both

Question 17 of 264

Correctly answer 211 of 264 questions to pass.

If price is moving strongly higher, the RSI indicator will be?

moving higher

moving lower

not moving at all

Question 18 of 264

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To find point B, we should measure the?

X to A swing with the Fibonacci Retracement tool

B to C swing with the Fibonacci Retracement tool

C to D swing with the Fibonacci Retracement tool

Question 19 of 264

Correctly answer 211 of 264 questions to pass.

The B point of the Bat pattern has to complete where?

At the 38.2% or 50% Fibonacci retracement level

At the 78.6% or 88.6% Fibonacci retracement level

At the 127.2% or 161.8% Fibonacci extension level

Question 20 of 264

Correctly answer 211 of 264 questions to pass.

If price is rotating between high and lows this is a?

bearish trend

bullish trend

range

Question 21 of 264

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What is the most important thing when finding harmonic patterns?

Checking the symmetry

Making sure the swings line up at the right levels

Both of the above answers

Question 22 of 264

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A pip represents?

.001 in most currency pairs

.01 in most currency pairs

.0001 in most currency pairs

Question 23 of 264

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A take profit functions by?

closing your trade automatically when you are profitable

closing your trade automatically at your preset risk level

closing your trade automatically when your goal is reached

Question 24 of 264

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The inside bar is also know as the?

outside bar

Harami pattern

the Engulfing pattern

Question 25 of 264

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Which are the only two harmonic patterns where the second low is lower than the first low?

5-0 pattern & Shark pattern

Bat pattern & Butterfly pattern

Gartley pattern & Crab pattern

Question 26 of 264

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Placing a stop loss allows you to?

control and determine your risk

size your trade correctly

both

Question 27 of 264

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When you place a Sell Stop order you are expecting price to?

keep going higher

keep going lower

reverse

Question 28 of 264

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The Stochastic indicator can be used as a great tool to pick up on large market reversals.

True

False

Rarely

Question 29 of 264

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What does the Pin Bar pattern represent?

a breakout

a reversal

a continuation

Question 30 of 264

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To find the B point of the pattern, you have to start by measuring from _______ with the Fibonacci retracement tool

X to A

A to B

B to C

Question 31 of 264

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When measuring symmetry, the best tool to use is the?

Rectangle

Circle

Triangle

Question 32 of 264

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We can look to sell at a?

rising trend line

falling trend line

neither A or B

Question 33 of 264

Correctly answer 211 of 264 questions to pass.

When measuring the X to A swing, point B should be at?

The 61.8% or 78.6% Fibonacci level

The 38.2% or 88.6% Fibonacci level

The 61.8% Fibonacci level

Question 34 of 264

Correctly answer 211 of 264 questions to pass.

When you place a Buy Limit order you are expecting price to?

reverse higher after reaching a lower level

reverse lower after reaching a higher level

neither A or B

Question 35 of 264

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Trend lines are a simple way of determining the trend

false

true

sometimes

Question 36 of 264

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A bearish Pin Bar suggests?

price reversing lower

price reversing higher

price is going to range

Question 37 of 264

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Moving averages are?

the most commonly used indicator

the first indicator most traders get to grips with

both A and B

Question 38 of 264

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MACD looks at?

volatility

momentum

momentum and direction

Question 39 of 264

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What is the best tool used to check the symmetry of most harmonic patterns?

The triangle tool

The circle tool

The trend line tool

Question 40 of 264

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A bullish Pin Bar suggests?

price reversing higher

price reversing lower

price is about to consolidate

Question 41 of 264

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When measuring the Bat pattern, where do we start measuring our first swing with the Fibonacci retracement tool?

From A to B

From B to C

From X to A

Question 42 of 264

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Stochastics is considered a?

Oscillator

Moving Average

Resistance Level

Question 43 of 264

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Stochastics is best used with?

Candlestick Patterns, Economic Data & Support/Resistance Levels

Fibonacci Levels & Trend Lines

Both of the above answers

Question 44 of 264

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How is the 5-0 pattern different than the Bat, Crab, Butterfly and Gartley?

The pattern has an initial 0-X swing which isn't measured

The pattern has an initial 0-X swing which leads into the setup of the pattern

Both of the above answers

Question 45 of 264

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What is a bearish trend?

a trend going up

a trend going down

a trend going sideways

Question 46 of 264

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If price is in a downtrend, the Parabolic SAR dots would be?

above price

below price

in-between price

Question 47 of 264

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The Butterfly patterns completion point is outside of the structure of the pattern?

True

False

Sometimes

Question 48 of 264

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Point D of the Gartley pattern is called?

The Potential Reversal Zone (PRZ)

The Buying or Selling Zone

Both of the above answers

Question 49 of 264

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Always trade in the direction of the trend?

true

false

sometimes

Question 50 of 264

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How can indicators be helpful?

they tell you the future

they help predict the next movement of price

they guarantee profit

Question 51 of 264

Correctly answer 211 of 264 questions to pass.

When you measure the 121 pattern, point B of the pattern needs to complete at?

61.8% or 78.6% of X to A

50% or 61.8% of X to A

23.6% or 78.6% of B to C

Question 52 of 264

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To lock in profits we can?

increase our leverage

add to our trade

trail stop losses

Question 53 of 264

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If the RSI indicator is in oversold territory, price is likely to?

reverse lower

reverse higher

start ranging

Question 54 of 264

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The Fibonacci extension tool

highlights levels within a price swing

highlights levels beyond a price swing

does neither

Question 55 of 264

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If price traded up into Fibonacci resistance we could look to?

buy

sell

do nothing

Question 56 of 264

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The Pin Bar is also known as?

the Pinocchio Bar

the Evening Star

the Morning Star

Question 57 of 264

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Point D of all harmonic patterns is called the?

Potential Reversal Zone (PRZ)

Buying or Selling Zone

Both of the above answers

Question 58 of 264

Correctly answer 211 of 264 questions to pass.

Support is a good level to?

sell

buy

look at another price chart

Question 59 of 264

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Point D of the bullish 121 pattern is the?

Buying Zone

Potential Reversal Zone (PRZ)

Both

Question 60 of 264

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Point D of the bearish 121 pattern is the?

Potential Reversal Zone (PRZ)

Selling Zone

Both

Question 61 of 264

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If price is moving too strongly in one direction, momentum indicators tell us?

which direction price is moving

at which point price is vulnerable to a reversal

neither A or B

Question 62 of 264

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Stochastics is similar to what other indicators?

MACD

Relative Strength Index

Moving Averages

Question 63 of 264

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With a bullish AB=CD pattern, at point D we should look to?

Buy

Sell

Stay out of the market

Question 64 of 264

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Fibonacci is found?

in solar systems

in all parts of life

both A & B

Question 65 of 264

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The Relative Strength Index looks at?

trend direction

momentum

neither A or B

Question 66 of 264

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The market switches between which two states?

volatility and momentum

trend and range

bullish and bearish

Question 67 of 264

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MACD crossing below the centre line is?

bullish

bearish

hawkish

Question 68 of 264

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The 121 pattern has how many swings to get to point D?

2

3

4

Question 69 of 264

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Parabolic SAR indicator is especially good at?

catching big reversals

determining when the currency is over bought

determining when the currency is over sold

Question 70 of 264

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A 5-0 pattern is a Shark pattern that has already completed and reversed to the 50% Fibonacci retracement level of the B-C leg.

True

False

Sometimes

Question 71 of 264

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The line through the middle of the Bollinger Bands is typically a?

20-period moving average

30-period moving average

15-period moving average

Question 72 of 264

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A line chart shows?

the opening prices

the high prices

the closing prices

Question 73 of 264

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How many different swings do we have to measure in the Gartley pattern?

1

2

3

Question 74 of 264

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Do past support and resistance levels tend to repeat themselves?

yes

no

quite frequently

Question 75 of 264

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What tradable market is the largest and most liquid?

stocks

commodities

foreign exchange

Question 76 of 264

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When measuring the Butterfly pattern, point B should line up at the _______ Fibonacci retracement level

78.6%

61.8%

38.2%

Question 77 of 264

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When you measure from A to B, point C should complete between?

38.2% or 61.8% Fibonacci retracement of X to A

38.2% or 88.6% Fibonacci retracement of A to B

50% or 88.6% Fibonacci retracement of X to A

Question 78 of 264

Correctly answer 211 of 264 questions to pass.

When measuring the Crab pattern, point D completes between?

127% Fibonacci extension of B to C

161.8% Fibonacci extension of X to A

224% Fibonacci extension of A to B

Question 79 of 264

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The 121 pattern is a?

Candlestick

Harmonic

Indicator

Question 80 of 264

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A 3-Drives pattern completes at point?

3

D

2

Question 81 of 264

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The term hawkish means?

the central bank is inclined to raise rates

the central bank is inclined to cut rates

the central back is not optimistic

Question 82 of 264

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When measuring the A to B swing, point C should be at?

The 61.8% or 78.6% Fibonacci level

The 38.2% or 127% Fibonacci level

The 38.2% or 88.6% Fibonacci level

Question 83 of 264

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Which is the quote currency in the pair EUR/USD?

EUR

USD

neither A or B

Question 84 of 264

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Why is it important to be able to recognize different market types?

so you know how to trade them

so you can trade around the clock

both A & B

Question 85 of 264

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When measuring the B to C swing, point D should be at?

The 78.6% Fibonacci level

The 38.2% or 88.6% Fibonacci level

The 127% or 161.8% Fibonacci level

Question 86 of 264

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Where can you trade Forex from?

United States

Europe

Anywhere in the World

Question 87 of 264

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To find point D, we should measure the?

X to A swing with the Fibonacci Retracement tool

A to B swing with the Fibonacci Retracement tool

B to C swing with the Fibonacci Retracement tool

Question 88 of 264

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The Fibonacci retracement tool is used to determine?

resistance and support levels

momentum

trend

Question 89 of 264

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What is a bullish Engulfing pattern?

bearish reversal pattern

bullish reversal pattern

neutral pattern

Question 90 of 264

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When the price is above the MACD center line, this means the price is?

bullish

bearish

neither A or B

Question 91 of 264

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With a bearish Gartley Pattern, we should look to ______ at point D

Buy

Sell

Stay out of the market

Question 92 of 264

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Forex gives you the freedom to?

set your own schedule

afford the finer things in life

both A & B

Question 93 of 264

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If price bounces twice off resistance we should look to?

sell

buy

do nothing

Question 94 of 264

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Why do we want to use the triangle tool to check the symmetry of the Bat pattern?

To determine the length of time each wing formed over

To determine the quality of the harmonic pattern

Both of the above answers

Question 95 of 264

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When trading harmonics, what is extremely important?

Symmetry

Length of time the pattern formed over

Both of the above answers

Question 96 of 264

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Point B of the 3-Drives pattern has to line up with which Fibonacci retracement?

127.2%

61.8%

38.2% or 88.6%

Question 97 of 264

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A candlestick shows the?

open, high, low & close

high & low

open & close

Question 98 of 264

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When trading Forex you can profit from?

crashing markets

prospering markets

A & B

Question 99 of 264

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When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?

Overbought

Oversold

Neither

Question 100 of 264

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What days can you trade the Forex market and make money?

7 days a week

5 days a week

6 1/2 hours a day

Question 101 of 264

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When price crosses below the Parabolic SAR dots we can?

look for buying opportunities

look for selling opportunities

determine that the market is ranging

Question 102 of 264

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With the bearish AB=CD pattern, at point D we should look to?

Buy

Sell

None of the above

Question 103 of 264

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Bollinger Bands are considered a?

technical indicator

resistance level

support level

Question 104 of 264

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We can use moving averages to assess whether we should be buying or selling

true

false

sometimes

Question 105 of 264

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The 50% retracement is the only key Fibonacci level

true

false

sometimes

Question 106 of 264

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The Relative Strength Index tells us when?

the market is overheating and needs to cool down (price goes down)

the market is getting too cold and needs to warm up (price goes up)

both A & B

Question 107 of 264

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If price is moving strongly lower, the RSI indicator will be?

moving higher

moving lower

not moving at all

Question 108 of 264

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Point 2 of the 3-Drives pattern has to line up with which Fibonacci retracement?

127.2%

38.2%

88.6%

Question 109 of 264

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Past highs form?

resistance

support

a range

Question 110 of 264

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When measuring the B to C leg of the Butterfly pattern, point D should line up at the ______ Fibonacci level

161.8% or 261.8% extension

127% or 161.8% extension

78.6% or 88.6% retracement

Question 111 of 264

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What does the AB=CD pattern and the Gartley Pattern have in common?

They both have ABCD swings

They both are harmonic patterns

Both of the above questions

Question 112 of 264

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The default lower threshold on the RSI indicator is set at?

20

30

50

Question 113 of 264

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The Doji pattern is a?

bullish pattern

bearish pattern

both A & B

Question 114 of 264

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If a candle is green this means that?

price went lower over that session

price went higher over that session

price didn't go higher or lower over that session

Question 115 of 264

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If a candle is red this means that?

price went lower over that session

price went higher over that session

price didn't go higher or lower over that session

Question 116 of 264

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A range always has a?

support level

resistance level

both A & B

Question 117 of 264

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To find point C, we should measure the?

X to A swing with the Fibonacci Retracement tool

A to B swing with the Fibonacci Retracement tool

B to C swing with the Fibonacci Retracement tool

Question 118 of 264

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If price is in a bullish trend, the Parabolic SAR dots would be?

above price

below price

in-between price

Question 119 of 264

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We can look to buy at a?

rising trend line

falling trend line

neither A or B

Question 120 of 264

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If price is putting lower lows and lower highs this is a?

bearish trend

bullish trend

range

Question 121 of 264

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The default upper threshold on the RSI indicator is set at?

70

30

90

Question 122 of 264

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When the price action hits the bottom Bollinger Band what does this typically mean?

the currency is overbought

the currency is oversold

neither A or B

Question 123 of 264

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A take profit allows you to?

determine your risk:reward on a trade

make as much money as possible

cash out from your broker

Question 124 of 264

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Can support and resistance levels tell you the future?

yes

no

sometimes

Question 125 of 264

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Moving averages tell us?

what the average price has been over a certain time period

when the market is over sold

when the market is over bought

Question 126 of 264

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When MACD crosses below the centre line we should?

look to buy

look to sell

do nothing

Question 127 of 264

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When checking the symmetry of the Bat pattern, the best tool to use is the?

Triangle

Circle

Rectangle

Question 128 of 264

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A bullish candle would be typically which color?

green

red

white

Question 129 of 264

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If the price is above its average this tells us?

the price is strong

the price is weak

neither A or B

Question 130 of 264

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When measuring the 5-0 pattern, point D completes at?

50% Fibonacci retracement of the B to C swing

161.8% or 224% Fibonacci extension of the A to B swing

127% or 161.8% Fibonacci extension of the X to A swing

Question 131 of 264

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MACD stands for?

moving average concept display

moving average critical direction

moving average convergence divergence

Question 132 of 264

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When measuring the initial X to A swing, point B completes at the?

113% or 127% Fibonacci extension of the X to A swing

113% or 224% Fibonacci extension of the X to A swing

113% of 161.8% Fibonacci extension of the X to A swing

Question 133 of 264

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What is a Buy Limit order?

an order that is placed when price reaches a lower level than current

an order that is placed when prices reaches a higher level than current

an order that is executed immediately

Question 134 of 264

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Which four things do candlesticks tell us about a session?

momentum, volatility, direction, popularity

low, high, middle, open

open, high, low, close

Question 135 of 264

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To get the Fibonacci measurement for point 3 of the 3-Drives pattern, you measure from?

2 to B

Start to 1

1 to A

Question 136 of 264

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The D point of the 5-0 is called the?

Potential Reversal Zone (PRZ)

Buying or Selling Zone

Both of the above answers

Question 137 of 264

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When identifying a 121 pattern, you apply the Fibonacci tool from?

X to A

A to B

B to C

Question 138 of 264

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The best traders in the world?

jump into the market blind with real money

practice trading demo for an hour a day

practice trading demo until they perfect their strategy

Question 139 of 264

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Parabolic SAR can be used to remove the guess work in catching?

big market reversals

resistance levels

support levels

Question 140 of 264

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When the Forex market is open, how many hours a day can you trade?

5 hours

8 hours

24 hours a day

Question 141 of 264

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When measuring a bullish 3-Drives pattern, where do you start?

At the start of the initial bearish move to point 1

At the start of the initial bullish move to point 1

From point 1 to point A

Question 142 of 264

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Trading Foreign Exchange is the?

swapping of two currencies

sending a package across seas

trading products

Question 143 of 264

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What are the two market types?

fast and slow

up and down

trending & ranging

Question 144 of 264

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Resistance is a good level to?

sell

buy

look at another price chart

Question 145 of 264

Correctly answer 211 of 264 questions to pass.

Point (C) on the Shark pattern is the _ zone of the pattern where the ___ Fibonacci levels line up?

Potential reversal zone/88.6% or 113% of 0-X & 161.8% or 224% of A-B

Buying zone/113% of 0-X & 161.8% of A-B

Selling zone/88.6% of 0-X & 224% of A-B

Question 146 of 264

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Bollinger Bands are used to tell us when price is?

currently overbought

currently oversold

both A & B

Question 147 of 264

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When you place a Sell Limit order you are expecting price to?

reverse lower after reaching a higher level

reverse higher after reaching a lower level

keep going lower after reaching a lower level

Question 148 of 264

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The Japanese Yen is closer to?

1/100 of the major currency pairs

1/1000 of the major currency pairs

1/1000 of the major currency pairs

Question 149 of 264

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When measuring the AB=CD pattern, the first swing we measure with the Fibonacci tool is?

the A to C leg

the A to B leg

the C to D leg

Question 150 of 264

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The AB=CD pattern can be found in?

The Gartley Pattern

The 3-Drive Pattern

Most harmonic patterns

Question 151 of 264

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When trading using Relative Strength Index, when the price touches the upper threshold, what will it most likely do?

correct back upwards

correct back downwards

go sideways

Question 152 of 264

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When would you guess the U.S. dollar is typically trending?

when news is being released in the morning

when you are sleeping at night

in the middle of the afternoon

Question 153 of 264

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You should use demo trading to?

perfect your trading strategy

understand different market types

both A and B

Question 154 of 264

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When MACD crosses above the centre line we should?

look to buy

look to sell

do nothing

Question 155 of 264

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What is the most important part of all harmonic patterns?

Symmetry

Size

Point C

Question 156 of 264

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What is the easiest way to determine the symmetry of harmonic patterns?

By using the rectangle tool

By using the circle tool

By using the triangle tool

Question 157 of 264

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If price is above the moving average we should?

look to sell

look to buy

neither

Question 158 of 264

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The 5-0 pattern structure is different than the Crab, Bat and Gartley

True

False

Sometimes

Question 159 of 264

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If price is below the moving average we should?

look to sell

look to buy

neither

Question 160 of 264

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Which color are candles on a line chart?

red

green

there are no candles on a line chart

Question 161 of 264

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MACD looks at?

trend direction

when the market is over sold

when the market is over bought

Question 162 of 264

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If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?

You should stay out of the market

You have a good chance of entering a buy trade

You have a good chance of entering a sell tradfe

Question 163 of 264

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Point D of the AB=CD pattern should line up at the?

61.8% or 78.6% Fibonacci level

50% or 61.8% Fibonacci level

127% or 161.8% Fibonacci level

Question 164 of 264

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Demo trading is unique because it allows you to?

become an expert before investing a single dollar

learn what to do and what not to do in the market

both A & B

Question 165 of 264

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The key levels of the Fibonacci retracement tool are?

127%, 161% & 200%

neither A or C

23.6%, 38.2%, 50%, 61.8% & the 76.4% (or 78.6%)

Question 166 of 264

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Point C of the AB=CD pattern should line up at the?

61.8% or 78.6% Fibonacci level

50% or 78.6% Fibonacci level

78.6% or 127% Fibonacci level

Question 167 of 264

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When demo trading you should?

trade with the biggest size possible to see how much you could make live

trade exactly how you would live to get a realistic experience

take any trades you feel like taking

Question 168 of 264

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Symmetry in harmonics tells us?

The length of time each wing of the pattern formed over

The quality & strength of the pattern

Both A & B

Question 169 of 264

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Point A of the 3-Drives pattern has to line up with which Fibonacci retracement?

38.2% or 88.6%

127.2%

61.8%

Question 170 of 264

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How many times at minimum should we go back to see when price has bounced of resistance or support levels to make a good decision?

at least twice

at least once

at least six times

Question 171 of 264

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When measuring a Gartley pattern, where do you begin to measure?

From the X to A swing

From the B to C swing

From the C to D swing

Question 172 of 264

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Bollinger Bands use how many lines?

1

2

3

Question 173 of 264

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How many AB=CD patterns are in a 3-Drives pattern?

1

2

3

Question 174 of 264

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What does the Bat pattern have in common with the Butterfly and Gartley pattern?

They all have XABCD points

They only have ABCD points

None of the above

Question 175 of 264

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With a bullish Gartley pattern, we should look to ______ at point D

Buy

Sell

Stay out of the market

Question 176 of 264

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What does Harami mean?

pin bar

engulfing candle

inside bar

Question 177 of 264

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What type of markets is it best to know how to trade?

trending markets

ranging markets

both

Question 178 of 264

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If the RSI indicator is in overbought territory, price is likely to?

reverse higher

reverse lower

start ranging

Question 179 of 264

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A ranging market is where?

price is moving higher

price is moving lower

price is stuck & not moving higher or lower

Question 180 of 264

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The chart which shows us closing prices only, is a?

bar chart

line chart

candlestick chart

Question 181 of 264

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When the price is below the MACD center line, this means the price is?

bullish

bearish

neither A or B

Question 182 of 264

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What tool do we use to check the symmetry of the Bat pattern?

Triangle tool

Circle tool

Rectangle tool

Question 183 of 264

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When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.

True

False

Rarely

Question 184 of 264

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When measuring the second A to B swing, point C completes at the?

161.8% or 224% Fibonacci extension of the A to B swing

224% or 361.8% Fibonacci extension of the A to B swing

78.6% or 88.6% Fibonacci retracement of the X to A swing

Question 185 of 264

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The central bank is inclined to cut rates if they are?

dovish

hawkish

bullish

Question 186 of 264

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What are indicators?

a guide

a type of graph

a fortune teller

Question 187 of 264

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When measuring the A to B leg of the Butterfly pattern, point C should line up at the ______ Fibonacci retracement level

61.8% or 78.6%

38.2% or 88.6%

127.2% or 161.8%

Question 188 of 264

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When you place a Buy Stop order you are expecting price to?

keep going higher

reverse lower

neither A or B

Question 189 of 264

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If the market is very volatile than the Bollinger Bands will be?

close together

far apart

neither a or b

Question 190 of 264

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What is a Market Execution order?

an order that is placed immediately

an order that is executed when price reaches a higher level than current

an order that is executed when price reaches a lower level than current

Question 191 of 264

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When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?

Oversold

Overbought

Ranging

Question 192 of 264

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Point D of a bullish Bat pattern is where we would look to?

Buy (set longs)

Sell (short)

Stay out of the market

Question 193 of 264

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What do indicators do?

focus on trend direction only

focus on momentum only

focus on trend direction and momentum

Question 194 of 264

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A stop loss functions by?

closing your trade automatically when your profit goal is reached

closing your trade automatically when you are profitable

closing your trade automatically at your preset risk level

Question 195 of 264

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The Shark pattern can complete inside or outside the structure of the pattern.

True

False

Sometimes

Question 196 of 264

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To get the Fibonacci measurement for point 2 of the 3-Drives pattern, you measure from?

2 to B

Start to 1

1 to A

Question 197 of 264

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A bearish candle would be typically which color?

green

red

black

Question 198 of 264

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Fading is a technique used?

buy or sell at extreme levels

place stop losses or take profits

neither A or B

Question 199 of 264

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Does the moving average tool automatically update itself?

yes

no

sometimes

Question 200 of 264

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In pairs with the JPY a pip is?

.01

.001

.0001

Question 201 of 264

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If price is trending lower this is an example of a?

a bullish market

a bearish market

a ranging market

Question 202 of 264

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When you measure from point B to C, point D should complete between?

224% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A

224% or 127.2% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A

127.2% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A

Question 203 of 264

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If price traded down into Fibonacci support we could look to?

buy

sell

do nothing

Question 204 of 264

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When trading using Relative Strength Index, when price touches the lower threshold, what will it most likely do?

correct back upwards

correct back downwards

go sideways

Question 205 of 264

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If price is trending higher this is an example of a?

a bullish market

a bearish market

a ranging market

Question 206 of 264

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The central bank is inclined to raise rates if they are?

dovish

hawkish

bearish

Question 207 of 264

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Point D of a bearish Bat pattern is where we would look to?

Buy (set longs)

Sell (short)

Stay out of the market

Question 208 of 264

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The 3-Drives pattern is similar to what other harmonic pattern?

Gartley pattern

121 pattern

AB=CD pattern

Question 209 of 264

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When trading a currency pair, the first currency in the pair is?

the currency you are buying or selling

the secondary currency

the only currency to focus on

Question 210 of 264

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If price is moving with higher highs and higher lows it is a?

bearish trend

bullish trend

range

Question 211 of 264

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A trailing stop loss functions by?

closing your trade automatically at an adjusted amount based on profit

closing your trade automatically at your preset risk level

closing your trade automatically when you are profitable

Question 212 of 264

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The easiest way to look for Shark patterns is by looking at the second low & making sure it is lower than the first low.

True

False

Sometimes

Question 213 of 264

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What is the difference between the Crab pattern and the Bat pattern?

The Bat pattern completes within the structure of the pattern

The Bat pattern has XABCD points

The Bat pattern is used to catch big turn arounds in the market

Question 214 of 264

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How is the Butterfly pattern similar to other harmonic patterns?

You start measuring from X to A

It has XABCD points

Both of the above answers

Question 215 of 264

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When the Parabolic SAR indicators dots are below the price this means?

the price action is in a downtrend

the price action is in a uptrend

the price action is moving sideways

Question 216 of 264

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When the Parabolic SAR indicators dots are above the price this means?

the price action is in a downtrend

the price action is in a uptrend

the price action is moving sideways

Question 217 of 264

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When price crosses above the Parabolic SAR dots we can?

look for buying opportunities

look for selling opportunities

determine the market is ranging

Question 218 of 264

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Trend lines can be?

bullish

bearish

both A & B

Question 219 of 264

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The MACD indicator is used to determine?

the direction of momentum in the market

when the currency is over bought

when the currency is over sold

Question 220 of 264

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If price is above its moving average it is?

bullish

bearish

dovish

Question 221 of 264

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In the pair EUR/USD, which is the base currency?

EUR

USD

neither

Question 222 of 264

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If the market is not volatile, Bollinger Bands will be?

close together

far apart

neither a or b

Question 223 of 264

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Indicators are used to?

increase our leverage

reduce our risk

help us measure price moves

Question 224 of 264

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If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?

highest point to lowest point

lowest point to highest point

doesn't matter

Question 225 of 264

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At point D of the bearish 5-0 pattern, we should look to?

Buy (set longs)

Sell (set shorts)

Stay out of the market

Question 226 of 264

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What is a Sell Stop order?

an order that is placed when price reaches a higher level than current

an order that is placed when price reaches a lower level than current

an order that is executed immediately

Question 227 of 264

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Simulation currency is good for?

using to get prizes

turn into real cash

testing & developing a profitable trading strategy

Question 228 of 264

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When you demo trade it is important to?

test your strategy and the platform thoroughly

trade as much as possible

place the biggest trades you can

Question 229 of 264

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The Engulfing pattern consists of?

3 candles

2 candles

4 candles

Question 230 of 264

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What type of market bounces off support & resistance levels?

trending markets

ranging markets

neither A or B

Question 231 of 264

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If price bounces twice off support you should look to?

do nothing

sell

buy

Question 232 of 264

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Moving averages help us?

identify volatility

identify momentum

identify trend direction

Question 233 of 264

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The term dovish means?

the central bank is inclined to raise rates

the central bank is inclined to cut rates

the central bank is optimistic

Question 234 of 264

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The key levels of the Fibonacci extension tool are?

38.2%, 50%, 61.8%

127%, 161% & 200%

23.6%, 38.2%, 50%, 61.8% & 76.4% (or 78.6%)

Question 235 of 264

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What is a Sell Limit order?

an order that is placed when price reaches a higher level

an order that is placed with price reaches a lower level

an order that is executed immediately

Question 236 of 264

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In major currency pairs a pip represents 1/10,000 of a US Dollar, in pairs which include the Japanese Yen a pip is?

1/10

1/100

1/1,000

Question 237 of 264

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Trading equities is most risky during times of?

economic uncertainty

economic certainty

neither A or B

Question 238 of 264

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How much is the spread in this currency quote? (1.0034/1.0036)

105 pips

2 pips

5 pips

Question 239 of 264

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Point D of the AB=CD pattern is the?

Potential Reversal Zone (PRZ)

Completion point of the pattern

Both of the above answers

Question 240 of 264

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Point 3 of the 3-Drives pattern has to line up with which Fibonacci retracement?

61.8%

127.2%

113%

Question 241 of 264

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Past lows form?

resistance

support

a range

Question 242 of 264

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If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?

You have a good chance to enter a buy trade

You have a good chance to enter a sell trade

Neither

Question 243 of 264

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When the price action hits the top Bollinger Band what does this typically mean?

the currency is overbought

the currency is oversold

neither A or B

Question 244 of 264

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Traders should always look to achieve?

positive risk:reward

negative risk:reward

highest leverage possible

Question 245 of 264

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When measuring a bearish 3-Drives pattern, you start where?

At the start of the initial bearish move to point 1

At the start of the initial bullish move to point 1

From point 1 to point A

Question 246 of 264

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Momentum indicators look at when the market is?

too stretched and likely to snap back

trend direction

both

Question 247 of 264

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A pip stands for?

percentage interest point

price interest percentage

price interest point

Question 248 of 264

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Trend lines tell us when the market is oversold of underbought

true

false

sometimes

Question 249 of 264

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When price is bouncing off support & resistance it is?

ranging

trending

neither A or B

Question 250 of 264

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Should you treat simulation currency like its real money?

yes

no

sometimes

Question 251 of 264

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When measuring the 5-0 pattern with the Fibonacci retracement tool, where do you start?

The X to A swing

The 0 to X swing

The A to B swing

Question 252 of 264

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You can add trend lines to your price chart by using the trend line tool

true

false

sometimes

Question 253 of 264

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If the price is below its average this tells us?

the price is strong

the price is weak

neither A or B

Question 254 of 264

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Which of these harmonic patterns complete outside of the structure of the harmonic pattern?

The Crab pattern

The Butterfly pattern

Both of the above answers

Question 255 of 264

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Fading is a technique used to?

Buy or sell at extreme levels

Determine the market type you are trading

A method of determining your profeit targets

Question 256 of 264

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Can you trade demo without having any money?

yes

no

sometimes

Question 257 of 264

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The D point of the Bat pattern has to complete where?

At the 88.6% of X to A

At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C

At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C

Question 258 of 264

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When finding symmetry of the AB=CD pattern, we should?

Click the triangle tool and go from A to B to C, then, click the triangle tool and go from A to B to D

Click the triangle tool and go from B to C to D, then, click the triangle tool and go from A to B to C

Click the triangle tool and go from A to B to C, then, click the triangle tool and go from B to C to D

Question 259 of 264

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Why is the AB=CD pattern called what it is?

Because the A-B leg and B-C leg should be equal in length

Because that's the name harmonic traders gave it

None of the above answers

Question 260 of 264

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At point D of the bullish 5-0 pattern, we should look to?

Buy (set longs)

Sell (set shorts)

Stay out of the market

Question 261 of 264

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The level at which you automatically exit the trade at a loss is?

a take profit

a stop loss

a resistance level

Question 262 of 264

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The 121 pattern only requires you to measure one swing.

True

False

Sometimes

Question 263 of 264

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The chart which shows us open high low and close is?

candlestick

bar

both

Question 264 of 264

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You can trade Forex from a?

computer

mobile phone or tablet

A & B

The Next Level is now unlocked.

You needed a minimum of 211 correct questions.

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