BEGINNER

  • Lesson #1: Why Trade Forex

    • Q1: How many days can you trade the Forex market and make money?
      1. 7 days a week
      2. @ 5 days a week
      3. 6 1/2 hours a day
    • Q2: When trading Forex you can profit from?
      1. crashing markets
      2. prospering markets
      3. @ A & B
    • Q3: Where can you trade Forex from?
      1. United States
      2. Europe
      3. @ Anywhere in the World
    • Q4: What tradable market is the largest and most liquid?
      1. stocks
      2. commodities
      3. @ foreign exchange
    • Q5: You can trade Forex from a?
      1. computer
      2. mobile phone or tablet
      3. @ A & B
    • Q6: Trading Foreign Exchange is the?
      1. @ swapping of two currencies
      2. sending a package across seas
      3. trading products
    • Q7: Forex gives you the freedom to?
      1. set your own schedule
      2. afford the finer things in life
      3. @ both A & B
    • Q8: When the Forex market is open, how many hours a day can you trade?
      1. 5 hours
      2. 8 hours
      3. @ 24 hours a day
    • Q9: Trading equities is most risky during times of?
      1. @ economic uncertainty
      2. economic certainty
      3. neither A or B
  • Lesson #2: Simulation Money

    • Q1: Simulation currency is good for?
      1. using to get prizes
      2. turn into real cash
      3. @ testing & developing a profitable trading strategy
    • Q2: Should you treat simulation currency like its real money?
      1. @ yes
      2. no
      3. sometimes
    • Q3: Can you trade demo without having any money?
      1. @ yes
      2. no
      3. sometimes
    • Q4: When demo trading you should?
      1. trade with the biggest size possible to see how much you could make live
      2. @ trade exactly how you would live to get a realistic experience
      3. take any trades you feel like taking
    • Q5: Demo trading allows you to?
      1. test the platform out
      2. test your strategy out
      3. @ both
    • Q6: When you demo trade it is important to?
      1. @ test your strategy and the platform thoroughly
      2. trade as much as possible
      3. place the biggest trades you can
    • Q7: You should use demo trading to?
      1. perfect your trading strategy
      2. understand different market types
      3. @ both A and B
    • Q8: Demo trading is unique because it allows you to?
      1. become an expert before investing a single dollar
      2. learn what to do and what not to do in the market
      3. @ both A & B
    • Q9: The best traders in the world?
      1. jump into the market blind with real money
      2. practice trading demo for an hour a day
      3. @ practice trading demo until they perfect their strategy
  • Lesson #3: Forex Basics

    • Q1: When trading a currency pair, the first currency in the pair is?
      1. @ the currency you are buying or selling
      2. the secondary currency
      3. the only currency to focus on
    • Q2: 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. 1/10
      2. @ 1/100
      3. 1/1,000
    • Q3: A pip stands for?
      1. percentage interest point
      2. price interest percentage
      3. @ price interest point
    • Q4: In the pair EUR/USD, which is the base currency?
      1. @ EUR
      2. USD
      3. neither
    • Q5: The term hawkish means?
      1. @ the central bank is inclined to raise rates
      2. the central bank is inclined to cut rates
      3. the central back is not optimistic
    • Q6: The term dovish means?
      1. the central bank is inclined to raise rates
      2. @ the central bank is inclined to cut rates
      3. the central bank is optimistic
    • Q7: What is the spread in this currency quote? (1.0034/1.0036)
      1. 105 pips
      2. @ 2 pips
      3. 5 pips
    • Q8: The central bank is inclined to raise rates if they are?
      1. dovish
      2. @ hawkish
      3. bearish
    • Q9: The central bank is inclined to cut rates if they are?
      1. @ dovish
      2. hawkish
      3. bullish
    • Q10: The Japanese Yen is closer to?
      1. @ 1/100 of the major currency pairs
      2. 1/1000 of the major currency pairs
      3. 1/1000 of the major currency pairs
    • Q11: A pip represents?
      1. .001 in most currency pairs
      2. .01 in most currency pairs
      3. @ .0001 in most currency pairs
    • Q12: In pairs with the JPY a pip is?
      1. @ .01
      2. .001
      3. .0001
    • Q13: Which is the quote currency in the pair EUR/USD?
      1. EUR
      2. @ USD
      3. neither A or B
  • Lesson #4: How To Read A Chart

    • Q1: A candlestick shows the?
      1. @ open, high, low & close
      2. high & low
      3. open & close
    • Q2: A line chart shows?
      1. the opening prices
      2. the high prices
      3. @ the closing prices
    • Q3: The term bullish refers to?
      1. downward market
      2. @ upward market
      3. flat market
    • Q4: If price is trending lower this is an example of a?
      1. a bullish market
      2. @ a bearish market
      3. a ranging market
    • Q5: If price is trending higher this is an example of a?
      1. @ a bullish market
      2. a bearish market
      3. a ranging market
    • Q6: The chart which shows us closing prices only, is a?
      1. bar chart
      2. @ line chart
      3. candlestick chart
    • Q7: The chart which shows us open high low and close is?
      1. candlestick
      2. bar
      3. @ both
    • Q8: If a candle is red this means that?
      1. @ price went lower over that session
      2. price went higher over that session
      3. price didn't go anywhere
    • Q9: If a candle is green this means that?
      1. price went lower over that session
      2. @ price went higher over that session
      3. price didn't go anywhere
    • Q10: A bullish candle would be typically which color?
      1. @ green
      2. red
      3. white
    • Q11: A bearish candle would be typically which color?
      1. green
      2. @ red
      3. black
    • Q12: Which color are candles on a line chart?
      1. red
      2. green
      3. @ there are no candles on a line chart
    • Q13: Which four things do candlesticks tell us about a session?
      1. momentum, volatility, direction, popularity
      2. low, high, middle, open
      3. @ open, high, low, close
  • Lesson #5: Market Types

    • Q1: What are the two market types?
      1. fast and slow
      2. up and down
      3. @ trending & ranging
    • Q2: If price is moving with higher highs and higher lows it is a?
      1. bearish trend
      2. @ bullish trend
      3. range
    • Q3: If price is putting lower lows and lower highs this is a?
      1. @ bearish trend
      2. bullish trend
      3. range
    • Q4: A ranging market is where?
      1. price is moving higher
      2. price is moving lower
      3. @ price is stuck & not moving higher or lower
    • Q5: A range always has a?
      1. support level
      2. resistance level
      3. @ both A & B
    • Q6: If price is rotating between high and lows this is a?
      1. bearish trend
      2. bullish trend
      3. @ range
    • Q7: The market switches between which two states?
      1. volatility and momentum
      2. @ trend and range
      3. bullish and bearish
    • Q8: What type of markets is it best to know how to trade?
      1. trending markets
      2. ranging markets
      3. @ both
    • Q9: Why is it important to be able to recognize different market types?
      1. so you know how to trade them
      2. so you can trade around the clock
      3. @ both A & B
    • Q10: When would you guess the U.S. dollar is typically trending?
      1. @ when news is being released in the morning
      2. when you are sleeping at night
      3. in the middle of the afternoon
  • Lesson #6: Take Profit & Stop Losses

    • Q1: The level at which you automatically exit the trade at a loss is?
      1. a take profit
      2. @ a stop loss
      3. a resistance level
    • Q2: Traders should always look to achieve?
      1. @ positive risk:reward
      2. negative risk:reward
      3. highest leverage possible
    • Q3: To lock in profits we can?
      1. increase our leverage
      2. add to our trade
      3. @ trail stop losses
    • Q4: A take profit allows you to?
      1. @ determine your risk:reward on a trade
      2. make as much money as possible
      3. cash out from your broker
    • Q5: Placing a stop loss allows you to?
      1. control and determine your risk
      2. size your trade correctly
      3. @ both
    • Q6: A trailing stop loss functions by?
      1. @ closing your trade automatically at an adjusted amount based on profit
      2. closing your trade automatically at your preset risk level
      3. closing your trade automatically when you are profitable
    • Q7: A take profit functions by?
      1. closing your trade automatically when you are profitable
      2. closing your trade automatically at your preset risk level
      3. @ closing your trade automatically when your goal is reached
    • Q8: A stop loss functions by?
      1. closing your trade automatically when your profit goal is reached
      2. closing your trade automatically when you are profitable
      3. @ closing your trade automatically at your preset risk level
  • Lesson #7: Technical Indicators

    • Q1: If price is moving too strongly in one direction, momentum indicators tell us?
      1. which direction price is moving
      2. @ at which point price is vulnerable to a reversal
      3. neither A or B
    • Q2: How can indicators be helpful?
      1. they tell you the future
      2. @ they help predict the next movement of price
      3. they guarantee profit
    • Q3: What do indicators do?
      1. focus on trend direction only
      2. focus on momentum only
      3. @ focus on trend direction and momentum
    • Q4: What are indicators?
      1. @ a guide
      2. a type of graph
      3. a fortune teller
    • Q5: Momentum indicators look at when the market is?
      1. @ too stretched and likely to snap back
      2. trend direction
      3. both
    • Q6: If price is above its moving average it is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q7: The Relative Strength Index looks at?
      1. trend direction
      2. @ momentum
      3. neither A or B
    • Q8: MACD looks at?
      1. @ trend direction
      2. when the market is over sold
      3. when the market is over bought
    • Q9: Indicators are used to?
      1. increase our leverage
      2. reduce our risk
      3. @ help us measure price moves
  • Lesson #8: Support & Resistance

    • Q1: What type of market bounces off support & resistance levels?
      1. trending markets
      2. @ ranging markets
      3. neither A or B
    • Q2: Can support and resistance levels tell you the future?
      1. yes
      2. @ no
      3. sometimes
    • Q3: Do past support and resistance levels tend to repeat themselves?
      1. @ yes
      2. no
      3. quite frequently
    • Q4: 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?
      1. @ at least twice
      2. at least once
      3. at least six times
    • Q5: Past lows form?
      1. resistance
      2. @ support
      3. a range
    • Q6: Past highs form?
      1. @ resistance
      2. support
      3. a range
    • Q7: Resistance is a good level to?
      1. @ sell
      2. buy
      3. look at another price chart
    • Q8: Support is a good level to?
      1. sell
      2. @ buy
      3. look at another price chart
    • Q9: When price is bouncing off support & resistance it is?
      1. @ ranging
      2. trending
      3. neither A or B
    • Q10: If price bounces twice off support you should look to?
      1. do nothing
      2. sell
      3. @ buy
    • Q11: If price bounces twice off resistance we should look to?
      1. @ sell
      2. buy
      3. do nothing
  • Lesson #9: Market Orders

    • Q1: What is a Market Execution order?
      1. @ an order that is placed immediately
      2. an order that is executed when price reaches a higher level than current
      3. an order that is executed when price reaches a lower level than current
    • Q2: What is a Sell Limit order?
      1. @ an order that is placed when price reaches a higher level
      2. an order that is placed with price reaches a lower level
      3. an order that is executed immediately
    • Q3: What is a Buy Stop order?
      1. @ an order that is executed when price trades above the current market price
      2. an order that is executed when price trades below the current price
      3. an order that is executed immediately
    • Q4: What is a Sell Stop order?
      1. an order that is placed when price reaches a higher level than current
      2. @ an order that is placed when price reaches a lower level than current
      3. an order that is executed immediately
    • Q5: What is a Buy Limit order?
      1. @ an order that is placed when price reaches a lower level than current
      2. an order that is placed when prices reaches a higher level than current
      3. an order that is executed immediately
    • Q6: When you place a Buy Stop order you are expecting price to?
      1. @ keep going higher
      2. reverse lower
      3. neither A or B
    • Q7: When you place a Sell Stop order you are expecting price to?
      1. keep going higher
      2. @ keep going lower
      3. reverse
    • Q8: When you place a Buy Limit order you are expecting price to?
      1. @ reverse higher after reaching a lower level
      2. reverse lower after reaching a higher level
      3. neither A or B
    • Q9: When you place a Sell Limit order you are expecting price to?
      1. @ reverse lower after reaching a higher level
      2. reverse higher after reaching a lower level
      3. keep going lower after reaching a lower level
  • Lesson #10: Trend Lines

    • Q1: Trend lines can be?
      1. bullish
      2. bearish
      3. @ both A & B
    • Q2: What is a bullish trend?
      1. @ a trend going up
      2. a trend going down
      3. a trend going sideways
    • Q3: What is a bearish trend?
      1. a trend going up
      2. @ a trend going down
      3. a trend going sideways
    • Q4: Always trade in the direction of the trend?
      1. @ true
      2. false
      3. sometimes
    • Q5: We can look to buy at a?
      1. @ rising trend line
      2. falling trend line
      3. neither A or B
    • Q6: We can look to sell at a?
      1. rising trend line
      2. @ falling trend line
      3. neither A or B
    • Q7: Connecting higher lows gives us a?
      1. @ rising trend line
      2. falling trend line
      3. ranging market
    • Q8: You can add trend lines to your price chart by using the trend line tool
      1. @ true
      2. false
      3. sometimes
    • Q9: Trend lines are a simple way of determining the trend
      1. false
      2. @ true
      3. sometimes
    • Q10: Trend lines tell us when the market is oversold of underbought
      1. true
      2. @ false
      3. sometimes
  • Lesson #11: Chart Patterns

    • Q1: What does the Pin Bar pattern represent?
      1. a breakout
      2. @ a reversal
      3. a continuation
    • Q2: What is a bullish Engulfing pattern?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. neutral pattern
    • Q3: What does Harami mean?
      1. pin bar
      2. engulfing candle
      3. @ inside bar
    • Q4: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to consolidate
    • Q5: A bearish Pin Bar suggests?
      1. @ price reversing lower
      2. price reversing higher
      3. price is going to range
    • Q6: The inside bar is also know as the?
      1. outside bar
      2. @ Harami pattern
      3. the Engulfing pattern
    • Q7: The Engulfing pattern consists of?
      1. 3 candles
      2. @ 2 candles
      3. 4 candles
    • Q8: The Doji pattern is a?
      1. bullish pattern
      2. bearish pattern
      3. @ both A & B
    • Q9: The Pin Bar is also known as?
      1. @ the Pinocchio Bar
      2. the Evening Star
      3. the Morning Star
  • Lesson #12: Moving Averages

    • Q1: Moving averages tell us?
      1. @ what the average price has been over a certain time period
      2. when the market is over sold
      3. when the market is over bought
    • Q2: If the price is above its average this tells us?
      1. @ the price is strong
      2. the price is weak
      3. neither A or B
    • Q3: If the price is below its average this tells us?
      1. the price is strong
      2. @ the price is weak
      3. neither A or B
    • Q4: If price is below the moving average we should?
      1. @ look to sell
      2. look to buy
      3. neither
    • Q5: If price is above the moving average we should?
      1. look to sell
      2. @ look to buy
      3. neither
    • Q6: Moving averages help us?
      1. identify volatility
      2. identify momentum
      3. @ identify trend direction
    • Q7: Does the moving average tool automatically update itself?
      1. @ yes
      2. no
      3. sometimes
    • Q8: We can use moving averages to assess whether we should be buying or selling
      1. @ true
      2. false
      3. sometimes
    • Q9: Moving averages are?
      1. the most commonly used indicator
      2. the first indicator most traders get to grips with
      3. @ both A and B
  • Lesson #13: Parabolic SAR

    • Q1: When the Parabolic SAR indicators dots are above the price this means?
      1. @ the price action is in a downtrend
      2. the price action is in a uptrend
      3. the price action is moving sideways
    • Q2: When the Parabolic SAR indicators dots are below the price this means?
      1. the price action is in a downtrend
      2. @ the price action is in a uptrend
      3. the price action is moving sideways
    • Q3: Parabolic SAR indicator is especially good at?
      1. @ catching big reversals
      2. determining when the currency is over bought
      3. determining when the currency is over sold
    • Q4: If price is in a bullish trend, the Parabolic SAR dots would be?
      1. above price
      2. @ below price
      3. in-between price
    • Q5: If price is in a downtrend, the Parabolic SAR dots would be?
      1. @ above price
      2. below price
      3. in-between price
    • Q6: Parabolic SAR identifies?
      1. @ potential shifts in momentum
      2. potential shifts in popularity
      3. ranging markets
    • Q7: When price crosses below the Parabolic SAR dots we can?
      1. look for buying opportunities
      2. @ look for selling opportunities
      3. determine that the market is ranging
    • Q8: When price crosses above the Parabolic SAR dots we can?
      1. @ look for buying opportunities
      2. look for selling opportunities
      3. determine the market is ranging
    • Q9: Parabolic SAR can be used to remove the guess work in catching?
      1. @ big market reversals
      2. resistance levels
      3. support levels
  • Lesson #14: Bollinger Bands

    • Q1: When the price action hits the top Bollinger Band what does this typically mean?
      1. @ the currency is overbought
      2. the currency is oversold
      3. neither A or B
    • Q2: When the price action hits the bottom Bollinger Band what does this typically mean?
      1. the currency is overbought
      2. @ the currency is oversold
      3. neither A or B
    • Q3: If the market is very volatile than the Bollinger Bands will be?
      1. close together
      2. @ far apart
      3. neither A or B
    • Q4: If the market is not volatile, Bollinger Bands should be?
      1. @ close together
      2. far apart
      3. neither a or b
    • Q5: Bollinger Bands are used to tell us when price is?
      1. currently overbought
      2. currently oversold
      3. @ both A & B
    • Q6: Bollinger Bands use how many lines?
      1. 1
      2. 2
      3. @ 3
    • Q7: The line through the middle of the Bollinger Bands is typically a?
      1. @ 20-period moving average
      2. 30-period moving average
      3. 15-period moving average
    • Q8: Fading is a technique used?
      1. @ buy or sell at extreme levels
      2. place stop losses or take profits
      3. neither A or B
    • Q9: Bollinger Bands are considered a?
      1. @ technical indicator
      2. resistance level
      3. support level
  • Lesson #15: Relative Strength Index

    • Q1: When trading using Relative Strength Index, when price touches the lower threshold, what will it most likely do?
      1. @ correct back upwards
      2. correct back downwards
      3. go sideways
    • Q2: When trading using Relative Strength Index, when the price touches the upper threshold, what will it most likely do?
      1. correct back upwards
      2. @ correct back downwards
      3. go sideways
    • Q3: The Relative Strength Index tells us when?
      1. the market is overheating and needs to cool down (price goes down)
      2. the market is getting to cold and needs to warm up (price goes up)
      3. @ both A & B
    • Q4: If price is moving strongly lower, the RSI indicator will be?
      1. moving higher
      2. @ moving lower
      3. not moving at all
    • Q5: If price is moving strongly higher, the RSI indicator will be?
      1. @ moving higher
      2. moving lower
      3. not moving at all
    • Q6: If the RSI indicator is in overbought territory, price is likely to?
      1. reverse higher
      2. @ reverse lower
      3. start ranging
    • Q7: If the RSI indicator is in oversold territory, price is likely to?
      1. reverse lower
      2. @ reverse higher
      3. start ranging
    • Q8: The default upper threshold on the RSI indicator is set at?
      1. @ 70
      2. 30
      3. 90
    • Q9: The default lower threshold on the RSI indicator is set at?
      1. 20
      2. @ 30
      3. 50
  • Lesson #16: Stochastics

    • Q1: Stochastics is considered a?
      1. @ Oscillator
      2. Moving Average
      3. Resistance Level
    • Q2: When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?
      1. @ Overbought
      2. Oversold
      3. Neither
    • Q3: When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?
      1. @ Oversold
      2. Overbought
      3. Ranging
    • Q4: The Stochastic indicator can be used as a great tool to pick up on large market reversals.
      1. @ True
      2. False
      3. Rarely
    • Q5: When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.
      1. @ True
      2. False
      3. Rarely
    • Q6: Fading is a technique used to?
      1. @ Buy or sell at extreme levels
      2. Determine the market type you are trading
      3. A method of determining your profit targets
    • Q7: Stochastics is similar to what other indicators?
      1. MACD
      2. @ Relative Strength Index
      3. Moving Averages
    • Q8: If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?
      1. @ You have a good chance to enter a buy trade
      2. You have a good chance to enter a sell trade
      3. Neither
    • Q9: If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?
      1. You should stay out of the market
      2. You have a good chance of entering a buy trade
      3. @ You have a good chance of entering a sell trade
    • Q10: Stochastics is best used with?
      1. Candlestick Patterns, Economic Data & Support/Resistance Levels
      2. Fibonacci Levels & Trend Lines
      3. @ Both of the above answers
  • Lesson #17: MACD

    • Q1: When the price is above the MACD center line, this means the price is?
      1. @ bullish
      2. bearish
      3. neither A or B
    • Q2: When the price is below the MACD center line, this means the price is?
      1. bullish
      2. @ bearish
      3. neither A or B
    • Q3: The MACD indicator is used to determine?
      1. @ the direction of momentum in the market
      2. when the currency is over bought
      3. when the currency is over sold
    • Q4: MACD stands for?
      1. moving average concept display
      2. moving average critical direction
      3. @ moving average convergence divergence
    • Q5: MACD crossing above the centre line is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q6: MACD crossing below the centre line is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q7: When MACD crosses above the centre line we should?
      1. @ look to buy
      2. look to sell
      3. do nothing
    • Q8: When MACD crosses below the centre line we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q9: MACD looks at?
      1. volatility
      2. momentum
      3. @ momentum and direction
  • Lesson #18: Fibonacci

    • Q1: The Fibonacci retracement tool is used to determine?
      1. @ resistance and support levels
      2. momentum
      3. trend
    • Q2: The key levels of the Fibonacci retracement tool are?
      1. 127%, 161% & 200%
      2. neither A or C
      3. @ 23.6%, 38.2%, 50%, 61.8% & the 76.4% (or 78.6%)
    • Q3: The key levels of the Fibonacci extension tool are?
      1. 38.2%, 50%, 61.8%
      2. @ 127%, 161% & 200%
      3. 23.6%, 38.2%, 50%, 61.8% & 76.4% (or 78.6%)
    • Q4: If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?
      1. @ highest point to lowest point
      2. lowest point to highest point
      3. doesn't matter
    • Q5: The 50% retracement is the only key Fibonacci level
      1. true
      2. @ false
      3. sometimes
    • Q6: If price traded up into Fibonacci resistance we could look to?
      1. buy
      2. @ sell
      3. do nothing
    • Q7: If price traded down into Fibonacci support we could look to?
      1. @ buy
      2. sell
      3. do nothing
    • Q8: The Fibonacci extension tool
      1. highlights levels within a price swing
      2. @ highlights levels beyond a price swing
      3. does neither
    • Q9: Fibonacci is found?
      1. in solar systems
      2. in all parts of life
      3. @ both A & B
  • Lesson #19: AB=CD Pattern

    • Q1: Why is the AB=CD pattern called what it is?
      1. @ Because the A-B leg and B-C leg should be equal in length
      2. Because that's the name harmonic traders gave it
      3. None of the above answers
    • Q2: What is the most important part of all harmonic patterns?
      1. @ Symmetry
      2. Size
      3. Point C
    • Q3: What is the point of finding the symmetry in harmonic patterns?
      1. @ To determine the length of time each part of the pattern formed
      2. To determine the exact size of the pattern
      3. To determine where point D of the pattern is
    • Q4: What is the easiest way to determine the symmetry of harmonic patterns?
      1. By using the rectangle tool
      2. By using the circle tool
      3. @ By using the triangle tool
    • Q5: When finding symmetry of the AB=CD pattern, we should?
      1. 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
      2. 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
      3. @ 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
    • Q6: When measuring the AB=CD pattern, the first swing we measure with the Fibonacci tool is?
      1. the A to C leg
      2. @ the A to B leg
      3. the C to D leg
    • Q7: Point C of the AB=CD pattern should line up at the?
      1. @ 61.8% or 78.6% Fibonacci level
      2. 50% or 78.6% Fibonacci level
      3. 78.6% or 127% Fibonacci level
    • Q8: Point D of the AB=CD pattern should line up at the?
      1. 61.8% or 78.6% Fibonacci level
      2. 50% or 61.8% Fibonacci level
      3. @ 127% or 161.8% Fibonacci level
    • Q9: Point D of the AB=CD pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Completion point of the pattern
      3. @ Both of the above answers
    • Q10: With a bullish AB=CD pattern, at point D we should look to?
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q11: With the bearish AB=CD pattern, at point D we should look to?
      1. Buy
      2. @ Sell
      3. None of the above
    • Q12: The AB=CD pattern can be found in?
      1. The Gartley Pattern
      2. The 3-Drive Pattern
      3. @ Most harmonic patterns
  • Lesson #20: Gartley Pattern

    • Q1: What does the AB=CD pattern and the Gartley pattern have in common?
      1. They both have ABCD swings
      2. They both are harmonic patterns
      3. @ Both of the above questions
    • Q2: When measuring a Gartley pattern, where do you begin to measure?
      1. @ From the X to A swing
      2. From the B to C swing
      3. From the C to D swing
    • Q3: When measuring the X to A swing, point B should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 61.8% Fibonacci level
    • Q4: When measuring the A to B swing, point C should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 127% Fibonacci level
      3. @ The 38.2% or 88.6% Fibonacci level
    • Q5: When measuring the B to C swing, point D should be at?
      1. The 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 127% or 161.8% Fibonacci level
    • Q6: Point D of the Gartley pattern is called?
      1. The Potential Reversal Zone (PRZ)
      2. The Buying or Selling Zone
      3. @ Both of the above answers
    • Q7: With a bullish Gartley pattern, we should look to ______ at point D
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q8: With a bearish Gartley Pattern, we should look to ______ at point D
      1. Buy
      2. @ Sell
      3. Stay out of the market
    • Q9: How many different swings do we have to measure in the Gartley pattern?
      1. 1
      2. 2
      3. @ 3
    • Q10: To find point D, we should measure the?
      1. X to A swing with the Fibonacci tool
      2. A to B swing with the Fibonacci tool
      3. @ B to C swing with the Fibonacci tool
    • Q11: To find point C, we should measure the?
      1. X to A swing with the Fibonacci tool
      2. @ A to B swing with the Fibonacci tool
      3. B to C swing with the Fibonacci tool
    • Q12: To find point B, we should measure the?
      1. @ X to A swing with the Fibonacci tool
      2. B to C swing with the Fibonacci tool
      3. C to D swing with the Fibonacci tool
  • Lesson #21: Butterfly Pattern

    • Q1: What is the most important thing when finding harmonic patterns?
      1. Checking the symmetry
      2. Making sure the swings line up at the right levels
      3. @ Both of the above answers
    • Q2: What is the best tool used to check the symmetry of most harmonic patterns?
      1. @ The triangle tool
      2. The circle tool
      3. The trend line tool
    • Q3: How is the Butterfly pattern similar to other harmonic patterns?
      1. You start measuring from X to A
      2. It has XABCD points
      3. @ Both of the above answers
    • Q4: When measuring the Butterfly pattern, point B should line up at the _______ Fibonacci retracement level
      1. @ 78.6%
      2. 61.8%
      3. 38.2%
    • Q5: When measuring the A to B leg of the Butterfly pattern, point C should line up at the ______ Fibonacci retracement level
      1. 61.8% or 78.6%
      2. @ 38.2% or 88.6%
      3. 127.2% or 161.8%
    • Q6: When measuring the B to C leg of the Butterfly pattern, point D should line up at the ______ Fibonacci level
      1. @ 161.8% or 261.8% extension
      2. 127% or 161.8% extension
      3. 78.6% or 88.6% retracement
    • Q7: Point D of the Butterfly pattern should line up at the?
      1. @ 161.8% or 261.8% extension of B to C and 127.2% or 161.6% extension of X to A
      2. 161.8% or 261.8% extension of B to C
      3. 127.2% or 161.6% extension of X to A
    • Q8: Point D of all harmonic patterns is called the?
      1. Potential Reversal Zone
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q9: The Butterfly patterns completion point is outside of the structure of the pattern?
      1. @ True
      2. False
      3. Sometimes
  • Lesson #22: Bat Pattern

    • Q1: What is the difference between the Bat pattern and the Butterfly pattern?
      1. @ The Butterfly completes outside of the structure of the pattern
      2. The Bat pattern completes outside of the structure of the pattern
      3. Both of the above answers
    • Q2: When measuring the Bat pattern, where do we start measuring our first swing with the Fibonacci retracement tool?
      1. From A to B
      2. From B to C
      3. @ From X to A
    • Q3: What does the Bat pattern have in common with the Butterfly and Gartley pattern?
      1. @ They all have XABCD points
      2. They only have ABCD points
      3. None of the above
    • Q4: To find the B point of the pattern, you have to start by measuring from _______ with the Fibonacci retracement tool
      1. @ X to A
      2. A to B
      3. B to C
    • Q5: The B point of the Bat pattern has to complete where?
      1. @ At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. At the 127.2% or 161.8% Fibonacci extension level
    • Q6: The C point of the Bat pattern has to complete where?
      1. At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. @ At the 38.2% or 88.6% Fibonacci retracement level
    • Q7: The D point of the Bat pattern has to complete where?
      1. At the 88.6% of X to A
      2. @ At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
      3. At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
    • Q8: Why do we want to use the triangle tool to check the symmetry of the Bat pattern?
      1. To determine the length of time each wing formed over
      2. To determine the quality of the harmonic pattern
      3. @ Both of the above answers
    • Q9: What tool do we use to check the symmetry of the Bat pattern?
      1. @ Triangle tool
      2. Circle tool
      3. Rectangle tool
  • Lesson #23: Crab Pattern

    • Q1: Which of these harmonic patterns complete outside of the structure of the harmonic pattern?
      1. The Crab pattern
      2. The Butterfly pattern
      3. @ Both of the above answers
    • Q2: What is the difference between the Crab pattern and the Bat pattern?
      1. @ The Bat pattern completes within the structure of the pattern
      2. The Bat pattern has XABCD points
      3. The Bat pattern is used to catch big turn arounds in the market
    • Q3: When measuring the Crab pattern, point D completes between?
      1. 161.8% or 261.8% Fibonacci extension of B to C
      2. @ 224% or 361.8% Fibonacci extension of B to C
      3. 127.2% or 161.8% Fibonacci extension of B to C
    • Q4: When measuring the Crab pattern, point D completes between?
      1. 127% Fibonacci extension of B to C
      2. @ 161.8% Fibonacci extension of X to A
      3. 224% Fibonacci extension of A to B
    • Q5: When you measure from X to A, point B should complete between?
      1. @ 38.2% or 61.8% Fibonacci retracement of X to A
      2. 38.2% or 88.6% Fibonacci retracement of B to C
      3. 50% Fibonacci retracement of X to A
    • Q6: When you measure from A to B, point C should complete between?
      1. 38.2% or 61.8% Fibonacci retracement of X to A
      2. @ 38.2% or 88.6% Fibonacci retracement of A to B
      3. 50% or 88.6% Fibonacci retracement of X to A
    • Q7: When you measure from point B to C, point D should complete between?
      1. @ 224% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      2. 224% or 127.2% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      3. 127.2% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
    • Q8: Point D of a bullish Bat pattern is where we would look to?
      1. @ Buy (set longs)
      2. Sell (short)
      3. Stay out of the market
    • Q9: Point D of a bearish Bat pattern is where we would look to?
      1. Buy (set longs)
      2. @ Sell (short)
      3. Stay out of the market
    • Q10: When checking the symmetry of the Bat pattern, the best tool to use is the?
      1. @ Triangle
      2. Circle
      3. Rectangle
  • Lesson #24: 121 Pattern

    • Q1: The 121 pattern is a?
      1. Candlestick
      2. @ Harmonic
      3. Indicator
    • Q2: When trading harmonics, what is extremely important?
      1. Symmetry
      2. Length of time the pattern formed
      3. @ Both the above answers
    • Q3: When identifying a 121 pattern, you apply the Fibonacci tool from?
      1. @ X to A
      2. A to B
      3. B to C
    • Q4: The 121 pattern only requires you to measure one swing.
      1. @ True
      2. False
      3. Sometimes
    • Q5: When you measure the 121 pattern, point B of the pattern needs to complete at?
      1. @ 61.8% or 78.6% of X to A
      2. 50% or 61.8% of X to A
      3. 23.6% or 78.6% of B to C
    • Q6: When you measure the 121 pattern, point D of the pattern needs to complete at?
      1. 61.8% or 78.6% of X to A
      2. @ 50% or 61.8% of X to A
      3. 50% or 78.6% of X to A
    • Q7: Point D of the bearish 121 pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Selling Zone
      3. @ Both
    • Q8: Point D of the bullish 121 pattern is the?
      1. Buying Zone
      2. Potential Reversal Zone (PRZ)
      3. @ Both
    • Q9: When measuring symmetry, the best tool to use is the?
      1. Rectangle
      2. Circle
      3. @ Triangle
    • Q10: The 121 pattern has how many swings to get to point D?
      1. 2
      2. 3
      3. @ 4
  • Lesson #25: 3-Drives Pattern

    • Q1: The 3-Drives pattern is similar to what other harmonic pattern?
      1. Gartley pattern
      2. 121 pattern
      3. @ AB=CD pattern
    • Q2: How many AB=CD patterns are in a 3-Drives pattern?
      1. 1
      2. @ 2
      3. 3
    • Q3: The 3-Drives pattern is called a 3-Drives Pattern because?
      1. @ There is three drives in price
      2. There is two drives in price
      3. There is three swings in price
    • Q4: A 3-Drives pattern completes at point?
      1. @ 3
      2. D
      3. 2
    • Q5: When measuring a bullish 3-Drives pattern, where do you start?
      1. @ At the start of the initial bearish move to point 1
      2. At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q6: When measuring a bearish 3-Drives pattern, where do you start?
      1. At the start of the initial bearish move to point 1
      2. @ At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q7: To get the Fibonacci measurement for point 2 of the 3-Drives pattern, you measure from?
      1. 2 to B
      2. Start to 1
      3. @ 1 to A
    • Q8: To get the Fibonacci measurement for point 3 of the 3-Drives pattern, you measure from?
      1. @ 2 to B
      2. Start to 1
      3. 1 to A
    • Q9: Point A of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 38.2% or 88.6%
      2. 127.2%
      3. @ 61.8%
    • Q10: Point B of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 127.2%
      2. @ 61.8%
      3. 38.2% or 88.6%
    • Q11: Point 2 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. @ 127.2%
      2. 38.2%
      3. 88.6%
    • Q12: Point 3 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 61.8%
      2. @ 127.2%
      3. 113%
  • Lesson #26: Shark Pattern

    • Q1: Which are the only two harmonic patterns where the second low is lower than the first low?
      1. @ 5-0 pattern & Shark pattern
      2. Bat pattern & Butterfly pattern
      3. Gartley pattern & Crab pattern
    • Q2: The Shark pattern turns into a __________ when price trades back into the 50% Fibonacci retracement after completing?
      1. Gartley pattern
      2. 5-0 pattern
      3. Doji
    • Q3: When checking symmetry, what is the best tool to use?
      1. Rectangle tool
      2. @ Triangle tool
      3. Circle tool
    • Q4: After the initial 0-X swing is complete, the X-A leg needs to complete at what Fibonacci retracement level?
      1. @ None
      2. 38.2%
      3. 50%
    • Q5: Point (C) on the Shark pattern is the _____________ zone of the pattern where the _______________ Fibonacci levels line up?
      1. @ Potential reversal zone/88.6% or 113% of 0-X & 161.8% or 224% of A-B
      2. Buying zone/113% of 0-X & 161.8% of A-B
      3. Selling zone/88.6% of 0-X & 224% of A-B
    • Q6: Symmetry in harmonics tells us?
      1. The length of time each wing of the pattern formed over
      2. The quality & strength of the pattern
      3. @ Both A & B
    • Q7: 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.
      1. @ True
      2. False
      3. Sometimes
    • Q8: The easiest way to look for Shark patterns is by looking at the second low & making sure it is lower than the first low.
      1. @ True
      2. False
      3. Sometimes
    • Q9: The Shark pattern can complete inside or outside the structure of the pattern.
      1. @ True
      2. False
      3. Sometimes
  • Lesson #27: 5-0 Pattern

    • Q1: How is the 5-0 pattern different than the Bat, Crab, Butterfly and Gartley?
      1. The pattern has an initial 0-X swing which isn't measured
      2. The pattern has an initial 0-X swing which leads into the setup of the pattern
      3. @ Both of the above answers
    • Q2: When measuring the 5-0 pattern with the Fibonacci retracement tool, where do you start?
      1. @ The X to A swing
      2. The 0 to X swing
      3. The A to B swing
    • Q3: When measuring the 5-0 pattern, point D completes at?
      1. @ 50% Fibonacci retracement of the B to C swing
      2. 161.8% or 224% Fibonacci extension of the A to B swing
      3. 127% or 161.8% Fibonacci extension of the X to A swing
    • Q4: When measuring the initial X to A swing, point B completes at the?
      1. 113% or 127% Fibonacci extension of the X to A swing
      2. 113% or 224% Fibonacci extension of the X to A swing
      3. @ 113% of 161.8% Fibonacci extension of the X to A swing
    • Q5: When measuring the second A to B swing, point C completes at the?
      1. @ 161.8% or 224% Fibonacci extension of the A to B swing
      2. 224% or 361.8% Fibonacci extension of the A to B swing
      3. 78.6% or 88.6% Fibonacci retracement of the X to A swing
    • Q6: At point D of the bullish 5-0 pattern, we should look to?
      1. @ Buy (set longs)
      2. Sell (set shorts)
      3. Stay out of the market
    • Q7: At point D of the bearish 5-0 pattern, we should look to?
      1. Buy (set longs)
      2. @ Sell (set shorts)
      3. Stay out of the market
    • Q8: The D point of the 5-0 is called the?
      1. Potential Reversal Zone (PRZ)
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q9: The 5-0 pattern structure is different than the Crab, Bat and Gartley
      1. @ True
      2. False
      3. Sometimes
  • Lesson #28: Beginner Final Exam

    • Q1: What days can you trade the Forex market and make money?
      1. 7 days a week
      2. @ 5 days a week
      3. 6 1/2 hours a day
    • Q2: When trading Forex you can profit from?
      1. crashing markets
      2. prospering markets
      3. @ A & B
    • Q3: Where can you trade Forex from?
      1. United States
      2. Europe
      3. @ Anywhere in the World
    • Q4: What tradable market is the largest and most liquid?
      1. stocks
      2. commodities
      3. @ foreign exchange
    • Q5: You can trade Forex from a?
      1. computer
      2. mobile phone or tablet
      3. @ A & B
    • Q6: Trading Foreign Exchange is the?
      1. @ swapping of two currencies
      2. sending a package across seas
      3. trading products
    • Q7: Forex gives you the freedom to?
      1. set your own schedule
      2. afford the finer things in life
      3. @ both A & B
    • Q8: When the Forex market is open, how many hours a day can you trade?
      1. 5 hours
      2. 8 hours
      3. @ 24 hours a day
    • Q9: Trading equities is most risky during times of?
      1. @ economic uncertainty
      2. economic certainty
      3. neither A or B
    • Q10: Simulation currency is good for?
      1. using to get prizes
      2. turn into real cash
      3. @ testing & developing a profitable trading strategy
    • Q11: Should you treat simulation currency like its real money?
      1. @ yes
      2. no
      3. sometimes
    • Q12: Can you trade demo without having any money?
      1. @ yes
      2. no
      3. sometimes
    • Q13: When demo trading you should?
      1. trade with the biggest size possible to see how much you could make live
      2. @ trade exactly how you would live to get a realistic experience
      3. take any trades you feel like taking
    • Q14: Demo trading allows you to?
      1. test the platform out
      2. test your strategy out
      3. @ both
    • Q15: When you demo trade it is important to?
      1. @ test your strategy and the platform thoroughly
      2. trade as much as possible
      3. place the biggest trades you can
    • Q16: You should use demo trading to?
      1. perfect your trading strategy
      2. understand different market types
      3. @ both A and B
    • Q17: Demo trading is unique because it allows you to?
      1. become an expert before investing a single dollar
      2. learn what to do and what not to do in the market
      3. @ both A & B
    • Q18: The best traders in the world?
      1. jump into the market blind with real money
      2. practice trading demo for an hour a day
      3. @ practice trading demo until they perfect their strategy
    • Q19: When trading a currency pair, the first currency in the pair is?
      1. @ the currency you are buying or selling
      2. the secondary currency
      3. the only currency to focus on
    • Q20: 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. 1/10
      2. @ 1/100
      3. 1/1,000
    • Q21: A pip stands for?
      1. percentage interest point
      2. price interest percentage
      3. @ price interest point
    • Q22: In the pair EUR/USD, which is the base currency?
      1. @ EUR
      2. USD
      3. neither
    • Q23: The term hawkish means?
      1. @ the central bank is inclined to raise rates
      2. the central bank is inclined to cut rates
      3. the central back is not optimistic
    • Q24: The term dovish means?
      1. the central bank is inclined to raise rates
      2. @ the central bank is inclined to cut rates
      3. the central bank is optimistic
    • Q25: How much is the spread in this currency quote? (1.0034/1.0036)
      1. 105 pips
      2. @ 2 pips
      3. 5 pips
    • Q26: The central bank is inclined to raise rates if they are?
      1. dovish
      2. @ hawkish
      3. bearish
    • Q27: The central bank is inclined to cut rates if they are?
      1. @ dovish
      2. hawkish
      3. bullish
    • Q28: The Japanese Yen is closer to?
      1. @ 1/100 of the major currency pairs
      2. 1/1000 of the major currency pairs
      3. 1/1000 of the major currency pairs
    • Q29: A pip represents?
      1. .001 in most currency pairs
      2. .01 in most currency pairs
      3. @ .0001 in most currency pairs
    • Q30: In pairs with the JPY a pip is?
      1. @ .01
      2. .001
      3. .0001
    • Q31: Which is the quote currency in the pair EUR/USD?
      1. EUR
      2. @ USD
      3. neither A or B
    • Q32: A candlestick shows the?
      1. @ open, high, low & close
      2. high & low
      3. open & close
    • Q33: A line chart shows?
      1. the opening prices
      2. the high prices
      3. @ the closing prices
    • Q34: The term bullish refers to?
      1. downward market
      2. @ upward market
      3. flat market
    • Q35: If price is trending lower this is an example of a?
      1. a bullish market
      2. @ a bearish market
      3. a ranging market
    • Q36: If price is trending higher this is an example of a?
      1. @ a bullish market
      2. a bearish market
      3. a ranging market
    • Q37: The chart which shows us closing prices only, is a?
      1. bar chart
      2. @ line chart
      3. candlestick chart
    • Q38: The chart which shows us open high low and close is?
      1. candlestick
      2. bar
      3. @ both
    • Q39: If a candle is red this means that?
      1. @ price went lower over that session
      2. price went higher over that session
      3. price didn't go higher or lower over that session
    • Q40: If a candle is green this means that?
      1. price went lower over that session
      2. @ price went higher over that session
      3. price didn't go higher or lower over that session
    • Q41: A bullish candle would be typically which color?
      1. @ green
      2. red
      3. white
    • Q42: A bearish candle would be typically which color?
      1. green
      2. @ red
      3. black
    • Q43: Which color are candles on a line chart?
      1. red
      2. green
      3. @ there are no candles on a line chart
    • Q44: Which four things do candlesticks tell us about a session?
      1. momentum, volatility, direction, popularity
      2. low, high, middle, open
      3. @ open, high, low, close
    • Q45: What are the two market types?
      1. fast and slow
      2. up and down
      3. @ trending & ranging
    • Q46: If price is moving with higher highs and higher lows it is a?
      1. bearish trend
      2. @ bullish trend
      3. range
    • Q47: If price is putting lower lows and lower highs this is a?
      1. @ bearish trend
      2. bullish trend
      3. range
    • Q48: A ranging market is where?
      1. price is moving higher
      2. price is moving lower
      3. @ price is stuck & not moving higher or lower
    • Q49: A range always has a?
      1. support level
      2. resistance level
      3. @ both A & B
    • Q50: If price is rotating between high and lows this is a?
      1. bearish trend
      2. bullish trend
      3. @ range
    • Q51: The market switches between which two states?
      1. volatility and momentum
      2. @ trend and range
      3. bullish and bearish
    • Q52: What type of markets is it best to know how to trade?
      1. trending markets
      2. ranging markets
      3. @ both
    • Q53: Why is it important to be able to recognize different market types?
      1. so you know how to trade them
      2. so you can trade around the clock
      3. @ both A & B
    • Q54: When would you guess the U.S. dollar is typically trending?
      1. @ when news is being released in the morning
      2. when you are sleeping at night
      3. in the middle of the afternoon
    • Q55: The level at which you automatically exit the trade at a loss is?
      1. a take profit
      2. @ a stop loss
      3. a resistance level
    • Q56: Traders should always look to achieve?
      1. @ positive risk:reward
      2. negative risk:reward
      3. highest leverage possible
    • Q57: To lock in profits we can?
      1. increase our leverage
      2. add to our trade
      3. @ trail stop losses
    • Q58: A take profit allows you to?
      1. @ determine your risk:reward on a trade
      2. make as much money as possible
      3. cash out from your broker
    • Q59: Placing a stop loss allows you to?
      1. control and determine your risk
      2. size your trade correctly
      3. @ both
    • Q60: A trailing stop loss functions by?
      1. @ closing your trade automatically at an adjusted amount based on profit
      2. closing your trade automatically at your preset risk level
      3. closing your trade automatically when you are profitable
    • Q61: A take profit functions by?
      1. closing your trade automatically when you are profitable
      2. closing your trade automatically at your preset risk level
      3. @ closing your trade automatically when your goal is reached
    • Q62: A stop loss functions by?
      1. closing your trade automatically when your profit goal is reached
      2. closing your trade automatically when you are profitable
      3. @ closing your trade automatically at your preset risk level
    • Q63: If price is moving too strongly in one direction, momentum indicators tell us?
      1. which direction price is moving
      2. @ at which point price is vulnerable to a reversal
      3. neither A or B
    • Q64: How can indicators be helpful?
      1. they tell you the future
      2. @ they help predict the next movement of price
      3. they guarantee profit
    • Q65: What do indicators do?
      1. focus on trend direction only
      2. focus on momentum only
      3. @ focus on trend direction and momentum
    • Q66: What are indicators?
      1. @ a guide
      2. a type of graph
      3. a fortune teller
    • Q67: Momentum indicators look at when the market is?
      1. @ too stretched and likely to snap back
      2. trend direction
      3. both
    • Q68: If price is above its moving average it is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q69: The Relative Strength Index looks at?
      1. trend direction
      2. @ momentum
      3. neither A or B
    • Q70: MACD looks at?
      1. @ trend direction
      2. when the market is over sold
      3. when the market is over bought
    • Q71: Indicators are used to?
      1. increase our leverage
      2. reduce our risk
      3. @ help us measure price moves
    • Q72: What type of market bounces off support & resistance levels?
      1. trending markets
      2. @ ranging markets
      3. neither A or B
    • Q73: Can support and resistance levels tell you the future?
      1. yes
      2. @ no
      3. sometimes
    • Q74: Do past support and resistance levels tend to repeat themselves?
      1. @ yes
      2. no
      3. quite frequently
    • Q75: 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?
      1. @ at least twice
      2. at least once
      3. at least six times
    • Q76: Past lows form?
      1. resistance
      2. @ support
      3. a range
    • Q77: Past highs form?
      1. @ resistance
      2. support
      3. a range
    • Q78: Resistance is a good level to?
      1. @ sell
      2. buy
      3. look at another price chart
    • Q79: Support is a good level to?
      1. sell
      2. @ buy
      3. look at another price chart
    • Q80: When price is bouncing off support & resistance it is?
      1. @ ranging
      2. trending
      3. neither A or B
    • Q81: If price bounces twice off support you should look to?
      1. do nothing
      2. sell
      3. @ buy
    • Q82: If price bounces twice off resistance we should look to?
      1. @ sell
      2. buy
      3. do nothing
    • Q83: What is a Market Execution order?
      1. @ an order that is placed immediately
      2. an order that is executed when price reaches a higher level than current
      3. an order that is executed when price reaches a lower level than current
    • Q84: What is a Sell Limit order?
      1. @ an order that is placed when price reaches a higher level
      2. an order that is placed with price reaches a lower level
      3. an order that is executed immediately
    • Q85: What is a Buy Stop order?
      1. @ an order that is executed when price trades above the current market price
      2. an order that is executed when price trades below the current price
      3. an order that is executed immediately
    • Q86: What is a Sell Stop order?
      1. an order that is placed when price reaches a higher level than current
      2. @ an order that is placed when price reaches a lower level than current
      3. an order that is executed immediately
    • Q87: What is a Buy Limit order?
      1. @ an order that is placed when price reaches a lower level than current
      2. an order that is placed when prices reaches a higher level than current
      3. an order that is executed immediately
    • Q88: When you place a Buy Stop order you are expecting price to?
      1. @ keep going higher
      2. reverse lower
      3. neither A or B
    • Q89: When you place a Sell Stop order you are expecting price to?
      1. keep going higher
      2. @ keep going lower
      3. reverse
    • Q90: When you place a Buy Limit order you are expecting price to?
      1. @ reverse higher after reaching a lower level
      2. reverse lower after reaching a higher level
      3. neither A or B
    • Q91: When you place a Sell Limit order you are expecting price to?
      1. @ reverse lower after reaching a higher level
      2. reverse higher after reaching a lower level
      3. keep going lower after reaching a lower level
    • Q92: Trend lines can be?
      1. bullish
      2. bearish
      3. @ both A & B
    • Q93: What is a bullish trend?
      1. @ a trend going up
      2. a trend going down
      3. a trend going sideways
    • Q94: What is a bearish trend?
      1. a trend going up
      2. @ a trend going down
      3. a trend going sideways
    • Q95: Always trade in the direction of the trend?
      1. @ true
      2. false
      3. sometimes
    • Q96: We can look to buy at a?
      1. @ rising trend line
      2. falling trend line
      3. neither A or B
    • Q97: We can look to sell at a?
      1. rising trend line
      2. @ falling trend line
      3. neither A or B
    • Q98: Connecting higher lows gives us a?
      1. @ rising trend line
      2. falling trend line
      3. ranging market
    • Q99: You can add trend lines to your price chart by using the trend line tool
      1. @ true
      2. false
      3. sometimes
    • Q100: Trend lines are a simple way of determining the trend
      1. false
      2. @ true
      3. sometimes
    • Q101: Trend lines tell us when the market is oversold of underbought
      1. true
      2. @ false
      3. sometimes
    • Q102: What does the Pin Bar pattern represent?
      1. a breakout
      2. @ a reversal
      3. a continuation
    • Q103: What is a bullish Engulfing pattern?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. neutral pattern
    • Q104: What does Harami mean?
      1. pin bar
      2. engulfing candle
      3. @ inside bar
    • Q105: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to consolidate
    • Q106: A bearish Pin Bar suggests?
      1. @ price reversing lower
      2. price reversing higher
      3. price is going to range
    • Q107: The inside bar is also know as the?
      1. outside bar
      2. @ Harami pattern
      3. the Engulfing pattern
    • Q108: The Engulfing pattern consists of?
      1. 3 candles
      2. @ 2 candles
      3. 4 candles
    • Q109: The Doji pattern is a?
      1. bullish pattern
      2. bearish pattern
      3. @ both A & B
    • Q110: The Pin Bar is also known as?
      1. @ the Pinocchio Bar
      2. the Evening Star
      3. the Morning Star
    • Q111: Moving averages tell us?
      1. @ what the average price has been over a certain time period
      2. when the market is over sold
      3. when the market is over bought
    • Q112: If the price is above its average this tells us?
      1. @ the price is strong
      2. the price is weak
      3. neither A or B
    • Q113: If the price is below its average this tells us?
      1. the price is strong
      2. @ the price is weak
      3. neither A or B
    • Q114: If price is below the moving average we should?
      1. @ look to sell
      2. look to buy
      3. neither
    • Q115: If price is above the moving average we should?
      1. look to sell
      2. @ look to buy
      3. neither
    • Q116: Moving averages help us?
      1. identify volatility
      2. identify momentum
      3. @ identify trend direction
    • Q117: Does the moving average tool automatically update itself?
      1. @ yes
      2. no
      3. sometimes
    • Q118: We can use moving averages to assess whether we should be buying or selling
      1. @ true
      2. false
      3. sometimes
    • Q119: Moving averages are?
      1. the most commonly used indicator
      2. the first indicator most traders get to grips with
      3. @ both A and B
    • Q120: When the price action hits the top Bollinger Band what does this typically mean?
      1. @ the currency is overbought
      2. the currency is oversold
      3. neither A or B
    • Q121: When the price action hits the bottom Bollinger Band what does this typically mean?
      1. the currency is overbought
      2. @ the currency is oversold
      3. neither A or B
    • Q122: If the market is very volatile than the Bollinger Bands will be?
      1. close together
      2. @ far apart
      3. neither a or b
    • Q123: If the market is not volatile, Bollinger Bands will be?
      1. @ close together
      2. far apart
      3. neither a or b
    • Q124: Bollinger Bands are used to tell us when price is?
      1. currently overbought
      2. currently oversold
      3. @ both A & B
    • Q125: Bollinger Bands use how many lines?
      1. 1
      2. 2
      3. @ 3
    • Q126: The line through the middle of the Bollinger Bands is typically a?
      1. @ 20-period moving average
      2. 30-period moving average
      3. 15-period moving average
    • Q127: Fading is a technique used?
      1. @ buy or sell at extreme levels
      2. place stop losses or take profits
      3. neither A or B
    • Q128: Bollinger Bands are considered a?
      1. @ technical indicator
      2. resistance level
      3. support level
    • Q129: When the price is above the MACD center line, this means the price is?
      1. @ bullish
      2. bearish
      3. neither A or B
    • Q130: When the price is below the MACD center line, this means the price is?
      1. bullish
      2. @ bearish
      3. neither A or B
    • Q131: The MACD indicator is used to determine?
      1. @ the direction of momentum in the market
      2. when the currency is over bought
      3. when the currency is over sold
    • Q132: MACD stands for?
      1. moving average concept display
      2. moving average critical direction
      3. @ moving average convergence divergence
    • Q133: MACD crossing above the centre line is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q134: MACD crossing below the centre line is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q135: When MACD crosses above the centre line we should?
      1. @ look to buy
      2. look to sell
      3. do nothing
    • Q136: When MACD crosses below the centre line we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q137: MACD looks at?
      1. volatility
      2. momentum
      3. @ momentum and direction
    • Q138: When trading using Relative Strength Index, when price touches the lower threshold, what will it most likely do?
      1. @ correct back upwards
      2. correct back downwards
      3. go sideways
    • Q139: When trading using Relative Strength Index, when the price touches the upper threshold, what will it most likely do?
      1. correct back upwards
      2. @ correct back downwards
      3. go sideways
    • Q140: The Relative Strength Index tells us when?
      1. the market is overheating and needs to cool down (price goes down)
      2. the market is getting too cold and needs to warm up (price goes up)
      3. @ both A & B
    • Q141: If price is moving strongly lower, the RSI indicator will be?
      1. moving higher
      2. @ moving lower
      3. not moving at all
    • Q142: If price is moving strongly higher, the RSI indicator will be?
      1. @ moving higher
      2. moving lower
      3. not moving at all
    • Q143: If the RSI indicator is in overbought territory, price is likely to?
      1. reverse higher
      2. @ reverse lower
      3. start ranging
    • Q144: If the RSI indicator is in oversold territory, price is likely to?
      1. reverse lower
      2. @ reverse higher
      3. start ranging
    • Q145: The default upper threshold on the RSI indicator is set at?
      1. @ 70
      2. 30
      3. 90
    • Q146: The default lower threshold on the RSI indicator is set at?
      1. 20
      2. @ 30
      3. 50
    • Q147: When the Parabolic SAR indicators dots are above the price this means?
      1. @ the price action is in a downtrend
      2. the price action is in a uptrend
      3. the price action is moving sideways
    • Q148: When the Parabolic SAR indicators dots are below the price this means?
      1. the price action is in a downtrend
      2. @ the price action is in a uptrend
      3. the price action is moving sideways
    • Q149: Parabolic SAR indicator is especially good at?
      1. @ catching big reversals
      2. determining when the currency is over bought
      3. determining when the currency is over sold
    • Q150: If price is in a bullish trend, the Parabolic SAR dots would be?
      1. above price
      2. @ below price
      3. in-between price
    • Q151: If price is in a downtrend, the Parabolic SAR dots would be?
      1. @ above price
      2. below price
      3. in-between price
    • Q152: Parabolic SAR identifies?
      1. @ potential shifts in momentum
      2. potential shifts in popularity
      3. ranging markets
    • Q153: When price crosses below the Parabolic SAR dots we can?
      1. look for buying opportunities
      2. @ look for selling opportunities
      3. determine that the market is ranging
    • Q154: When price crosses above the Parabolic SAR dots we can?
      1. @ look for buying opportunities
      2. look for selling opportunities
      3. determine the market is ranging
    • Q155: Parabolic SAR can be used to remove the guess work in catching?
      1. @ big market reversals
      2. resistance levels
      3. support levels
    • Q156: The Fibonacci retracement tool is used to determine?
      1. @ resistance and support levels
      2. momentum
      3. trend
    • Q157: The key levels of the Fibonacci retracement tool are?
      1. 127%, 161% & 200%
      2. neither A or C
      3. @ 23.6%, 38.2%, 50%, 61.8% & the 76.4% (or 78.6%)
    • Q158: The key levels of the Fibonacci extension tool are?
      1. 38.2%, 50%, 61.8%
      2. @ 127%, 161% & 200%
      3. 23.6%, 38.2%, 50%, 61.8% & 76.4% (or 78.6%)
    • Q159: If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?
      1. @ highest point to lowest point
      2. lowest point to highest point
      3. doesn't matter
    • Q160: The 50% retracement is the only key Fibonacci level
      1. true
      2. @ false
      3. sometimes
    • Q161: If price traded up into Fibonacci resistance we could look to?
      1. buy
      2. @ sell
      3. do nothing
    • Q162: If price traded down into Fibonacci support we could look to?
      1. @ buy
      2. sell
      3. do nothing
    • Q163: The Fibonacci extension tool
      1. highlights levels within a price swing
      2. @ highlights levels beyond a price swing
      3. does neither
    • Q164: Fibonacci is found?
      1. in solar systems
      2. in all parts of life
      3. @ both A & B
    • Q165: Stochastics is considered a?
      1. @ Oscillator
      2. Moving Average
      3. Resistance Level
    • Q166: When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?
      1. @ Overbought
      2. Oversold
      3. Neither
    • Q167: When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?
      1. @ Oversold
      2. Overbought
      3. Ranging
    • Q168: The Stochastic indicator can be used as a great tool to pick up on large market reversals.
      1. @ True
      2. False
      3. Rarely
    • Q169: When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.
      1. @ True
      2. False
      3. Rarely
    • Q170: Fading is a technique used to?
      1. @ Buy or sell at extreme levels
      2. Determine the market type you are trading
      3. A method of determining your profeit targets
    • Q171: Stochastics is similar to what other indicators?
      1. MACD
      2. @ Relative Strength Index
      3. Moving Averages
    • Q172: If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?
      1. @ You have a good chance to enter a buy trade
      2. You have a good chance to enter a sell trade
      3. Neither
    • Q173: If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?
      1. You should stay out of the market
      2. You have a good chance of entering a buy trade
      3. @ You have a good chance of entering a sell tradfe
    • Q174: Stochastics is best used with?
      1. Candlestick Patterns, Economic Data & Support/Resistance Levels
      2. Fibonacci Levels & Trend Lines
      3. @ Both of the above answers
    • Q175: The 121 pattern is a?
      1. Candlestick
      2. @ Harmonic
      3. Indicator
    • Q176: When trading harmonics, what is extremely important?
      1. Symmetry
      2. Length of time the pattern formed over
      3. @ Both of the above answers
    • Q177: When identifying a 121 pattern, you apply the Fibonacci tool from?
      1. @ X to A
      2. A to B
      3. B to C
    • Q178: The 121 pattern only requires you to measure one swing.
      1. @ True
      2. False
      3. Sometimes
    • Q179: When you measure the 121 pattern, point B of the pattern needs to complete at?
      1. @ 61.8% or 78.6% of X to A
      2. 50% or 61.8% of X to A
      3. 23.6% or 78.6% of B to C
    • Q180: When you measure the 121 pattern, point D of the pattern needs to complete at?
      1. 61.8% or 78.6% of X to A
      2. @ 50% or 61.8% of X to A
      3. 50% or 78.6% of X to A
    • Q181: Point D of the bearish 121 pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Selling Zone
      3. @ Both
    • Q182: Point D of the bullish 121 pattern is the?
      1. Buying Zone
      2. Potential Reversal Zone (PRZ)
      3. @ Both
    • Q183: When measuring symmetry, the best tool to use is the?
      1. Rectangle
      2. Circle
      3. @ Triangle
    • Q184: The 121 pattern has how many swings to get to point D?
      1. 2
      2. 3
      3. @ 4
    • Q185: Why is the AB=CD pattern called what it is?
      1. @ Because the A-B leg and B-C leg should be equal in length
      2. Because that's the name harmonic traders gave it
      3. None of the above answers
    • Q186: What is the most important part of all harmonic patterns?
      1. @ Symmetry
      2. Size
      3. Point C
    • Q187: What is the point of finding the symmetry in harmonic patterns?
      1. @ To determine the length of time each part of the pattern formed
      2. To determine the exact size of the pattern
      3. To determine where point D of the pattern is
    • Q188: What is the easiest way to determine the symmetry of harmonic patterns?
      1. By using the rectangle tool
      2. By using the circle tool
      3. @ By using the triangle tool
    • Q189: When finding symmetry of the AB=CD pattern, we should?
      1. 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
      2. 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
      3. @ 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
    • Q190: When measuring the AB=CD pattern, the first swing we measure with the Fibonacci tool is?
      1. the A to C leg
      2. @ the A to B leg
      3. the C to D leg
    • Q191: Point C of the AB=CD pattern should line up at the?
      1. @ 61.8% or 78.6% Fibonacci level
      2. 50% or 78.6% Fibonacci level
      3. 78.6% or 127% Fibonacci level
    • Q192: Point D of the AB=CD pattern should line up at the?
      1. 61.8% or 78.6% Fibonacci level
      2. 50% or 61.8% Fibonacci level
      3. @ 127% or 161.8% Fibonacci level
    • Q193: Point D of the AB=CD pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Completion point of the pattern
      3. @ Both of the above answers
    • Q194: With a bullish AB=CD pattern, at point D we should look to?
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q195: With the bearish AB=CD pattern, at point D we should look to?
      1. Buy
      2. @ Sell
      3. None of the above
    • Q196: The AB=CD pattern can be found in?
      1. The Gartley Pattern
      2. The 3-Drive Pattern
      3. @ Most harmonic patterns
    • Q197: What does the AB=CD pattern and the Gartley Pattern have in common?
      1. They both have ABCD swings
      2. They both are harmonic patterns
      3. @ Both of the above questions
    • Q198: When measuring a Gartley pattern, where do you begin to measure?
      1. @ From the X to A swing
      2. From the B to C swing
      3. From the C to D swing
    • Q199: When measuring the X to A swing, point B should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 61.8% Fibonacci level
    • Q200: When measuring the A to B swing, point C should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 127% Fibonacci level
      3. @ The 38.2% or 88.6% Fibonacci level
    • Q201: When measuring the B to C swing, point D should be at?
      1. The 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 127% or 161.8% Fibonacci level
    • Q202: Point D of the Gartley pattern is called?
      1. The Potential Reversal Zone (PRZ)
      2. The Buying or Selling Zone
      3. @ Both of the above answers
    • Q203: With a bullish Gartley pattern, we should look to ______ at point D
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q204: With a bearish Gartley Pattern, we should look to ______ at point D
      1. Buy
      2. Sell
      3. Stay out of the market
    • Q205: How many different swings do we have to measure in the Gartley pattern?
      1. 1
      2. 2
      3. @ 3
    • Q206: To find point D, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. A to B swing with the Fibonacci Retracement tool
      3. @ B to C swing with the Fibonacci Retracement tool
    • Q207: To find point C, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. @ A to B swing with the Fibonacci Retracement tool
      3. B to C swing with the Fibonacci Retracement tool
    • Q208: To find point B, we should measure the?
      1. @ X to A swing with the Fibonacci Retracement tool
      2. B to C swing with the Fibonacci Retracement tool
      3. C to D swing with the Fibonacci Retracement tool
    • Q209: The 3-Drives pattern is similar to what other harmonic pattern?
      1. Gartley pattern
      2. 121 pattern
      3. @ AB=CD pattern
    • Q210: How many AB=CD patterns are in a 3-Drives pattern?
      1. 1
      2. @ 2
      3. 3
    • Q211: A 3-Drives pattern completes at point?
      1. @ 3
      2. D
      3. 2
    • Q212: When measuring a bullish 3-Drives pattern, where do you start?
      1. @ At the start of the initial bearish move to point 1
      2. At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q213: When measuring a bearish 3-Drives pattern, you start where?
      1. At the start of the initial bearish move to point 1
      2. @ At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q214: To get the Fibonacci measurement for point 2 of the 3-Drives pattern, you measure from?
      1. 2 to B
      2. Start to 1
      3. @ 1 to A
    • Q215: To get the Fibonacci measurement for point 3 of the 3-Drives pattern, you measure from?
      1. @ 2 to B
      2. Start to 1
      3. 1 to A
    • Q216: Point A of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 38.2% or 88.6%
      2. 127.2%
      3. @ 61.8%
    • Q217: Point B of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 127.2%
      2. @ 61.8%
      3. 38.2% or 88.6%
    • Q218: Point 2 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. @ 127.2%
      2. 38.2%
      3. 88.6%
    • Q219: Point 3 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 61.8%
      2. @ 127.2%
      3. 113%
    • Q220: What is the most important thing when finding harmonic patterns?
      1. Checking the symmetry
      2. Making sure the swings line up at the right levels
      3. @ Both of the above answers
    • Q221: What is the best tool used to check the symmetry of most harmonic patterns?
      1. @ The triangle tool
      2. The circle tool
      3. The trend line tool
    • Q222: How is the Butterfly pattern similar to other harmonic patterns?
      1. You start measuring from X to A
      2. It has XABCD points
      3. @ Both of the above answers
    • Q223: When measuring the Butterfly pattern, point B should line up at the _______ Fibonacci retracement level
      1. @ 78.6%
      2. 61.8%
      3. 38.2%
    • Q224: When measuring the A to B leg of the Butterfly pattern, point C should line up at the ______ Fibonacci retracement level
      1. 61.8% or 78.6%
      2. @ 38.2% or 88.6%
      3. 127.2% or 161.8%
    • Q225: When measuring the B to C leg of the Butterfly pattern, point D should line up at the ______ Fibonacci level
      1. @ 161.8% or 261.8% extension
      2. 127% or 161.8% extension
      3. 78.6% or 88.6% retracement
    • Q226: Point D of the Butterfly pattern should line up at the?
      1. @ 161.8% or 261.8% extension of B to C and 127.2% or 161.6% extension of X to A
      2. 161.8% or 261.8% extension of B to C
      3. 127.2% or 161.6% extension of X to A
    • Q227: Point D of all harmonic patterns is called the?
      1. Potential Reversal Zone (PRZ)
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q228: The Butterfly patterns completion point is outside of the structure of the pattern?
      1. @ True
      2. False
      3. Sometimes
    • Q229: What is the difference between the Bat pattern and the Butterfly pattern?
      1. @ The Butterfly completes outside of the structure of the pattern
      2. The Bat pattern completes outside of the structure of the pattern
      3. Both of the above answers
    • Q230: When measuring the Bat pattern, where do we start measuring our first swing with the Fibonacci retracement tool?
      1. From A to B
      2. From B to C
      3. @ From X to A
    • Q231: What does the Bat pattern have in common with the Butterfly and Gartley pattern?
      1. @ They all have XABCD points
      2. They only have ABCD points
      3. None of the above
    • Q232: To find the B point of the pattern, you have to start by measuring from _______ with the Fibonacci retracement tool
      1. @ X to A
      2. A to B
      3. B to C
    • Q233: The B point of the Bat pattern has to complete where?
      1. @ At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. At the 127.2% or 161.8% Fibonacci extension level
    • Q234: The C point of the Bat pattern has to complete where?
      1. At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. @ At the 38.2% or 88.6% Fibonacci retracement level
    • Q235: The D point of the Bat pattern has to complete where?
      1. At the 88.6% of X to A
      2. @ At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
      3. At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
    • Q236: Why do we want to use the triangle tool to check the symmetry of the Bat pattern?
      1. To determine the length of time each wing formed over
      2. To determine the quality of the harmonic pattern
      3. @ Both of the above answers
    • Q237: What tool do we use to check the symmetry of the Bat pattern?
      1. @ Triangle tool
      2. Circle tool
      3. Rectangle tool
    • Q238: Which of these harmonic patterns complete outside of the structure of the harmonic pattern?
      1. The Crab pattern
      2. The Butterfly pattern
      3. @ Both of the above answers
    • Q239: What is the difference between the Crab pattern and the Bat pattern?
      1. @ The Bat pattern completes within the structure of the pattern
      2. The Bat pattern has XABCD points
      3. The Bat pattern is used to catch big turn arounds in the market
    • Q240: When measuring the Crab pattern, point D completes between?
      1. 161.8% or 261.8% Fibonacci extension of B to C
      2. @ 224% or 361.8% Fibonacci extension of B to C
      3. 127.2% or 161.8% Fibonacci extension of B to C
    • Q241: When measuring the Crab pattern, point D completes between?
      1. 127% Fibonacci extension of B to C
      2. @ 161.8% Fibonacci extension of X to A
      3. 224% Fibonacci extension of A to B
    • Q242: When you measure from X to A, point B should complete between?
      1. @ 38.2% or 61.8% Fibonacci retracement of X to A
      2. 38.2% or 88.6% Fibonacci retracement of B to C
      3. 50% Fibonacci retracement of X to A
    • Q243: When you measure from A to B, point C should complete between?
      1. 38.2% or 61.8% Fibonacci retracement of X to A
      2. @ 38.2% or 88.6% Fibonacci retracement of A to B
      3. 50% or 88.6% Fibonacci retracement of X to A
    • Q244: When you measure from point B to C, point D should complete between?
      1. @ 224% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      2. 224% or 127.2% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      3. 127.2% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
    • Q245: Point D of a bullish Bat pattern is where we would look to?
      1. @ Buy (set longs)
      2. Sell (short)
      3. Stay out of the market
    • Q246: Point D of a bearish Bat pattern is where we would look to?
      1. Buy (set longs)
      2. @ Sell (short)
      3. Stay out of the market
    • Q247: When checking the symmetry of the Bat pattern, the best tool to use is the?
      1. @ Triangle
      2. Circle
      3. Rectangle
    • Q248: How is the 5-0 pattern different than the Bat, Crab, Butterfly and Gartley?
      1. The pattern has an initial 0-X swing which isn't measured
      2. The pattern has an initial 0-X swing which leads into the setup of the pattern
      3. @ Both of the above answers
    • Q249: When measuring the 5-0 pattern with the Fibonacci retracement tool, where do you start?
      1. @ The X to A swing
      2. The 0 to X swing
      3. The A to B swing
    • Q250: When measuring the 5-0 pattern, point D completes at?
      1. @ 50% Fibonacci retracement of the B to C swing
      2. 161.8% or 224% Fibonacci extension of the A to B swing
      3. 127% or 161.8% Fibonacci extension of the X to A swing
    • Q251: When measuring the initial X to A swing, point B completes at the?
      1. 113% or 127% Fibonacci extension of the X to A swing
      2. 113% or 224% Fibonacci extension of the X to A swing
      3. @ 113% of 161.8% Fibonacci extension of the X to A swing
    • Q252: When measuring the second A to B swing, point C completes at the?
      1. @ 161.8% or 224% Fibonacci extension of the A to B swing
      2. 224% or 361.8% Fibonacci extension of the A to B swing
      3. 78.6% or 88.6% Fibonacci retracement of the X to A swing
    • Q253: At point D of the bullish 5-0 pattern, we should look to?
      1. @ Buy (set longs)
      2. Sell (set shorts)
      3. Stay out of the market
    • Q254: At point D of the bearish 5-0 pattern, we should look to?
      1. Buy (set longs)
      2. @ Sell (set shorts)
      3. Stay out of the market
    • Q255: The D point of the 5-0 is called the?
      1. Potential Reversal Zone (PRZ)
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q256: The 5-0 pattern structure is different than the Crab, Bat and Gartley
      1. @ True
      2. False
      3. Sometimes
    • Q257: Which are the only two harmonic patterns where the second low is lower than the first low?
      1. @ 5-0 pattern & Shark pattern
      2. Bat pattern & Butterfly pattern
      3. Gartley pattern & Crab pattern
    • Q258: The Shark pattern turns into a __________ when price trades back into the 50% Fibonacci retracement after completing?
      1. Gartley pattern
      2. @ 5-0 pattern
      3. Doji
    • Q259: With the Shark pattern, after the initial 0-X swing is complete, the X-A leg needs to complete at what Fibonacci retracement level?
      1. @ None
      2. 38.2%
      3. 50%
    • Q260: Point (C) on the Shark pattern is the _____________ zone of the pattern where the _______________ Fibonacci levels line up?
      1. @ Potential reversal zone/88.6% or 113% of 0-X & 161.8% or 224% of A-B
      2. Buying zone/113% of 0-X & 161.8% of A-B
      3. Selling zone/88.6% of 0-X & 224% of A-B
    • Q261: Symmetry in harmonics tells us?
      1. The length of time each wing of the pattern formed over
      2. The quality & strength of the pattern
      3. @ Both A & B
    • Q262: 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.
      1. @ True
      2. False
      3. Sometimes
    • Q263: The easiest way to look for Shark patterns is by looking at the second low & making sure it is lower than the first low.
      1. @ True
      2. False
      3. Sometimes
    • Q264: The Shark pattern can complete inside or outside the structure of the pattern.
      1. @ True
      2. False
      3. Sometimes

INTERMEDIATE

  • Lesson #1: Trading Rules

    • Q1: When is it a good idea to deviate from your trading plan?
      1. when you loose a trade
      2. when you you win a trade
      3. @ neither A or B
    • Q2: What can be a huge stalling block to long term success in trading?
      1. @ letting a winning trade turn into a loser
      2. moving your stop loss to entry
      3. neither A or B
    • Q3: Always pair a?
      1. @ strong vs weak currency
      2. weak vs weak
      3. strong vs strong
    • Q4: Enter a trade when?
      1. economic fundamentals add up
      2. technical fundamentals add up
      3. @ both A & B
    • Q5: You can protect your profits by?
      1. using stop loss
      2. using take profit
      3. @ using trailing stop loss
    • Q6: You want to use ________ to enter or exit a trade?
      1. @ technical analysis
      2. fundamental analysis
      3. both A & B
    • Q7: Being right and being early is the same as?
      1. being right
      2. making a good choice
      3. @ being wrong
    • Q8: When you open a trade you should always?
      1. follow logic only
      2. follow impulse only
      3. @ neither A or B
    • Q9: A good way to insure winning trades don't turn into losing trades is by?
      1. using take profits
      2. @ moving your stop loss to break even
      3. neither A or B
    • Q10: Which is an example of scaling into a resistance level selling between 1.1100 and 1.1130?
      1. @ opening a trade a quarter of your regular position size at 1.110, 1.1110, 1.1120 and 1.1130
      2. opening a trade a quarter of your regular position size at, 1.110, 1.1140, 1.1141, and 1.1142
      3. neither A or B
    • Q11: What is the purpose of pairing Strong vs Weak currencies?
      1. to catch momentum in the market
      2. to trade with the trend
      3. @ both A & B
    • Q12: A Strong vs Strong currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q13: A Weak vs Weak currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q14: Always stick to your trading strategy
      1. true
      2. false
      3. @ only if it has been successfully tested with demo currency
    • Q15: It's ok to adjust your trading strategy when?
      1. market dynamics change
      2. you notice something that might work better while trading demo
      3. @ both A & B
  • Lesson #2: Money Management

    • Q1: Draw down refers to?
      1. biggest loser
      2. biggest winner
      3. @ peak to trough decline on account
    • Q2: Risk:Reward refers to?
      1. your stop loss size
      2. your risk per trade
      3. @ how much you stand to win vs how much you stand to lose
    • Q3: Which lot size is correct?
      1. 1.00 lot = 1000 units of currency
      2. 1.00 lot = 10,000 units of currency
      3. @ 1.00 lot = 100,000 units of currency
    • Q4: Margin refers to?
      1. the biggest winner
      2. your strategy returns
      3. @ the amount of money on deposit in your account
    • Q5: If you use leverage in your account you can?
      1. win more trades
      2. make more money
      3. @ make more money but also lose more money
    • Q6: Which trader would have higher returns?
      1. 2:1 risk reward and 50% hit rate
      2. 2:1 risk reward and 70% hit rate
      3. @ 3:1 risk reward and 40% hit rate
    • Q7: If you have a high win rate you will definitely be profitable
      1. true
      2. false
      3. @ depends on your Risk:Reward
    • Q8: Risk:Reward is more important than hit rate
      1. @ most of the time
      2. never
      3. sometimes
    • Q9: The term "margin call" refers to?
      1. needing to increasing the size of your trade
      2. @ needing to increase the amount of money on deposit in account
      3. needing to increase the number of trades
    • Q10: If a trader went to account equity highs of 60% then down to 30% then finished the year at 80%, what would their drawdown be?
      1. 20%
      2. @ 30%
      3. 40%
    • Q11: Money placed on deposit with a broker is called?
      1. @ margin
      2. stop loss
      3. leverage
  • Lesson #3: How Brokers Work

    • Q1: Brokers can make money by charging?
      1. spreads
      2. @ spreads & commissions
      3. commissions
    • Q2: When a currency is quoted 1.1109/1.1115 what is the spread?
      1. .0009
      2. .1115
      3. @ .0006
    • Q3: Do broker fees come out of your trades?
      1. @ yes
      2. no
      3. sometimes
    • Q4: A dealing desk broker
      1. passes your trade through to the banks
      2. @ takes the other side of your trade
      3. manages money for clients
    • Q5: If you lose a trade, a non dealing desk broker
      1. makes the profit
      2. @ only makes money on spreads & commissions
      3. takes the other side of your trade
    • Q6: Forex brokers help you?
      1. know which way to trade
      2. know where to place your stop
      3. @ access the currency markets
    • Q7: Broker fees come out of your trades
      1. @ true
      2. false
      3. sometimes
    • Q8: What is the spread?
      1. difference between high and low of the day
      2. how many traders are long and short
      3. @ difference between bid and ask price
    • Q9: A broker that makes a market for your trade is called a?
      1. non dealing desk broker
      2. @ dealing desk broker
      3. neither a or b
    • Q10: If you lose a trade with a dealing desk broker
      1. they make no profit on your trade
      2. @ they make a profit on your trade
      3. neither A or B
    • Q11: What are the two types of broker fees called?
      1. bid and ask
      2. @ spread and commission
      3. commissions
  • Lesson #4: Safe Havens

    • Q1: A safe haven asset is one which?
      1. investors turn to when times are good
      2. investors turn to looking to make big returns
      3. @ investors turn to, to protect capital when time are bad
    • Q2: Which of these currencies is a safe haven?
      1. AUD
      2. CAD
      3. @ JPY
    • Q3: If equity markets are trading higher, JPY would be?
      1. trading higher
      2. flat
      3. @ trading lower
    • Q4: If news from China is bad, risk appetite would be?
      1. strengthened
      2. @ weakened
      3. unchanged
    • Q5: Gold is seen as a hedge against?
      1. deflation
      2. unemployment
      3. @ inflation
    • Q6: During times of economic growth & certainty
      1. safe havens are not effected
      2. @ safe haven currencies trade lower
      3. safe haven currencies trade higher
    • Q7: AUD trades higher during?
      1. @ times of good global growth
      2. times of bad global growth
      3. during times of global economic uncertainty
    • Q8: JPY trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. neither A or B
    • Q9: CHF trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. during times of global economic certainty
    • Q10: Which of these are safe haven assets?
      1. precious metals
      2. JPY & CHF
      3. @ both A & B
    • Q11: If equities are trading lower, JPY would usually be?
      1. @ trading higher
      2. trading lower
      3. they are not effected
    • Q12: If equities are trading higher, JPY would usually be?
      1. trading higher
      2. @ trading lower
      3. not effected
    • Q13: If global growth is bad and investors are panicked, gold would usually be?
      1. trading lower
      2. @ trading higher
      3. not effected
    • Q14: If global growth is good and investors are positive, gold would usually be?
      1. @ trading lower
      2. trading higher
      3. not effected
    • Q15: If gold and CHF are trading higher, the market is likely in?
      1. @ a state of economic uncertainty
      2. a state of economic certainty
      3. neither A or B
  • Lesson #5: How To Read A Chart

    • Q1: What is confluence?
      1. when one technical element presents itself
      2. when two or more technical elements present themselves
      3. @ when two or more technical elements present themselves in the same place
    • Q2: What does retracement mean?
      1. when you trace over the price chart
      2. when you go back in time on a price chart
      3. @ when the price moves back against itself
    • Q3: What does expansion mean?
      1. when you expand the chart
      2. @ when the trend moves forward
      3. when you expand your position size
    • Q4: Higher highs and higher lows show us a?
      1. @ bullish trend
      2. bearish trend
      3. range bound market
    • Q5: Using multi-time frame analysis helps us?
      1. know the future
      2. @ see the bigger picture
      3. see how volatile price is
    • Q6: The point of finding confluence in the market is to?
      1. @ build the strongest case for taking a trade
      2. make more money
      3. neither a or b
    • Q7: Multi-time frame analysis helps us?
      1. @ identify the dominant trend
      2. find the most popular currency
      3. find the best stop loss location
    • Q8: If price is putting in lower highs & lower lows we would call this?
      1. @ a bearish trend
      2. a bullish trend
      3. a range
    • Q9: Where a key Fibonacci level lines up with an extreme RSI reading, this is an example of ?
      1. increased volatility
      2. multi time frame analysis
      3. @ confluence
    • Q10: If price is trending lower on the higher time frames, then on the lower time frames we want to?
      1. look to buy
      2. stay out of the market
      3. @ look to sell
    • Q11: If price is trending higher on the higher time frames, then on the lower time frames we want to?
      1. look to sell
      2. look to buy
      3. @ look at another currency pair
    • Q12: You should always use multi-time frame analysis to enter your trades
      1. @ true
      2. false
      3. sometimes
  • Lesson #6: Market Types

    • Q1: A bullish trend shows that?
      1. buyers and sellers are neutral
      2. sellers are stronger than buyers
      3. @ buyers are stronger than sellers
    • Q2: If we play a breakout long in a bullish trend our stop should go?
      1. above the last high
      2. 100 pips away
      3. @ below the last low
    • Q3: If a price chart is showing lower lows and lower highs this shows a?
      1. ranging market
      2. bullish trend
      3. @ bearish trend
    • Q4: If price is rotating between a low point & a high point price is?
      1. trending higher
      2. trending lower
      3. @ ranging
    • Q5: In a ranging market our best method is to?
      1. buy & hold
      2. sell & hold
      3. @ fade the range
    • Q6: In a bearish trend, price?
      1. retraces lower
      2. @ retraces higher
      3. price doesn't retrace higher or lower
    • Q7: If price is trending higher we can?
      1. buy when price retraces lower
      2. buy when price breaks out higher
      3. @ either A or B
    • Q8: If price is trending lower we can?
      1. sell when price retraces higher
      2. sell when price breaks out lower
      3. @ either A or B
    • Q9: A ranging market is where?
      1. price is trading higher
      2. price is trading lower
      3. @ price is rotating between support & resistance
    • Q10: Fading the range is where?
      1. we buy the lows
      2. we buy the highs
      3. @ we buy the lows & sell the highs
    • Q11: If buyers are stronger than sellers?
      1. price is in a bearish trend
      2. @ price is in a bullish trend
      3. price is in a range
    • Q12: If sellers are stronger than buyers?
      1. @ price is in a bearish trend
      2. price is in a bullish trend
      3. price is in a range
    • Q13: In which market conditions would buy & hold work best?
      1. a range
      2. @ a trend
      3. neither A or B
    • Q14: In which market conditions would sell and hold work best?
      1. a range
      2. a bullish trend
      3. @ a bearish trend
    • Q15: Which type of indicators are best to use in ranging markets?
      1. trend direction indicators
      2. momentum indicators
      3. @ both A & B
    • Q16: Selling a breakdown through the lows works best in?
      1. a bullish trend
      2. @ a bearish trend
      3. a range
  • Lesson #7: Multiple Time Frame Analysis

    • Q1: What is Multiple Time Frame Analysis?
      1. Looking at the H1 charts
      2. Looking at the H4 charts
      3. @ Looking at multiple charts at once
    • Q2: Multiple Time Frame Analysis can be used with?
      1. Candlestick Patterns, Chart Patterns, Support & Resistance Levels
      2. Technical Indicators, Trend Lines, Harmonics
      3. @ All of the above
    • Q3: When using Multiple Time Frame Analysis, how should you start assessing the market?
      1. @ From the higher time frame charts working your way down to the lower time frame charts
      2. From the lower time frame charts working your way up to the higher time frame charts
      3. It doesn't matter
    • Q4: When using Multiple Time Frame Analysis with candlesticks, the higher time frames provide?
      1. @ More price data built into each candlestick
      2. Less price data built into each candlestick
      3. No difference
    • Q5: If a candlestick pattern is found on the higher time frame it?
      1. @ Tends to have a stronger reaction than the lower time frame
      2. Tends to have a weaker reaction than the higher time frame
      3. Doesn't change anything
    • Q6: Candlestick reversal patterns should only be considered valid when?
      1. They are found at an exhaustion point of the major low of a swing
      2. They are found at an exhaustion point of the major high of a swing
      3. @ Both of the above
    • Q7: When using an oscillator like RSI or Stochastic with Multiple Time Frame Analysis, we want to make sure that...
      1. Price is in overbought or oversold territory before buying or selling on one time frame
      2. Price is in overbought or oversold territory before buying or selling on two time frames
      3. @ Price is overbought or oversold before buying or selling on as many time frames as possible
    • Q8: If you are trading the H1 time frame looking to sell, you want to make sure that...
      1. The H4 time frame is also showing a bearish trend
      2. The D1 time frame is also showing a bearish trend
      3. @ Both of the above
    • Q9: When taking counter-trend trades, you want to make sure that...
      1. You analyze multiple time frames to determine entry and exit locations
      2. You adjust your position sizing to account for taking a countertrend trade
      3. @ All of the above
    • Q10: Multiple Time Frame Analysis can be applied to which markets?
      1. Stocks & Bonds
      2. Commodities & Forex
      3. @ Stocks, Bonds, Commodities, Forex & Cryptocurrencies
    • Q11: When taking a trade you always want to put the probabilities in your favor, how does Multiple Time Frame Analysis help us do this?
      1. By aligning multiple time frame indicator & support/resistance level readings in your favor
      2. By aligning multiple time frame candlestick pattern & harmonic patterns in your favor
      3. @ All of the above
    • Q12: When entering into a trade, you always want to enter your trade on?
      1. The higher time frame you analyzing and trading
      2. @ The lower time frame you analyzing and trading
      3. None of the above
    • Q13: Using Multiple Time Frame Analysis can be extremely useful when determining
      1. Where price is likely to find support or resistance
      2. The overall trend of the security you are trading
      3. @ All of the above
  • Lesson #8: Chart Patterns

    • Q1: What is the difference between a Morning Star and Evening Star pattern?
      1. one occurs in the am one occurs in the pm
      2. the different lengths of consolidation before breakout
      3. @ an Evening Star signals a bearish reversal, a Morning Star signals a bullish reversal
    • Q2: What is likely to occur after a Falling Three pattern?
      1. @ a reversal
      2. consolidation
      3. continuation
    • Q3: What is a Head & Shoulders?
      1. a shampoo
      2. a bullish continuation pattern
      3. @ a bearish reversal pattern
    • Q4: How many lows are there in a valid Triple Bottom pattern?
      1. 2
      2. @ 3
      3. 5
    • Q5: What is the maximum number of price candles in a valid Pennant pattern?
      1. 15
      2. @ 30
      3. 45
    • Q6: How many touches of the trend line verifies a Falling Wedge?
      1. 9
      2. @ 6
      3. 3
    • Q7: The Falling Three pattern is?
      1. a common occurrence
      2. @ a rare pattern
      3. an unreliable pattern
    • Q8: The Rising Three is a?
      1. bearish pattern
      2. @ bullish pattern
      3. can be bullish or bearish
    • Q9: A Bearish Diamond can be?
      1. part of a trend continuation
      2. a reversal
      3. @ either
    • Q10: Triple Tops are a?
      1. @ bearish pattern
      2. bullish pattern
      3. a consolidation pattern
    • Q11: Triple Bottoms are a?
      1. @ bullish pattern
      2. bearish pattern
      3. a consolidation pattern
    • Q12: How many candles are in Evening and Morning Star patterns?
      1. 2
      2. @ 3
      3. 5
  • Lesson #9: Trend Lines

    • Q1: When price is moving in a channel, you can draw a identical trend line?
      1. above
      2. below
      3. @ above and below
    • Q2: You find a good trading opportunity when?
      1. @ you find a retest of a broken trend line
      2. you find a break-out
      3. neither
    • Q3: When in a bullish channel, if you took a counter trend trade and sold, where would you set your take profit line?
      1. at the top trend line
      2. between the top and bottom trend line
      3. @ at the bottom trend line
    • Q4: When drawing trend lines it is important to?
      1. @ monitor price to update our lines
      2. make sure our trend lines are the same size
      3. neither
    • Q5: Rising trend lines can be used for a?
      1. @ buy entry
      2. sell entry
      3. a place to put stops
    • Q6: If price breaks through a bearish trend line, we should?
      1. enter a buy trade
      2. enter a sell trade
      3. @ wait for price to retest the broken trend line and look to buy
    • Q7: Trading counter trend in a bullish channel means?
      1. buying trend line support
      2. @ selling trend line resistance
      3. trading a bullish breakout
    • Q8: Trading counter trend in a bearish channel means?
      1. @ buying trend line support
      2. selling trend line resistance
      3. trading a bearish breakout
    • Q9: If we buy trend line support in a bullish channel we can target the trend line resistance
      1. @ true
      2. false
      3. sometimes
    • Q10: If we sell trend line resistance in a bearish channel we can target the trend line support
      1. @ true
      2. false
      3. sometimes
    • Q11: To identify a channel, we?
      1. draw a new trend line
      2. @ clone an existing trend line below or above price
      3. either A or B
    • Q12: If price breaks above a bearish trend line we can?
      1. @ use a retest of the trend line as a buying location
      2. do nothing and watch the market
      3. move our stop losses
    • Q13: Trend line retests work best when there is?
      1. a news release
      2. no key news releases
      3. @ confluence with other technical indicators
  • Lesson #10: Economic Data

    • Q1: If an economic report is labeled RED what does it mean?
      1. it is a weak report, low level impact on price
      2. @ it is a strong report, high level impact on price
      3. it is a report to be cautious of, be careful
    • Q2: If an economic report comes out weaker than the forecast this is typically?
      1. good for the currency
      2. @ bad for the currency
      3. doesn't matter
    • Q3: Economic reports are released every?
      1. month
      2. week
      3. @ day
    • Q4: If an economic report is stronger than expected this is typically?
      1. @ good for the currency
      2. bad for the currency
      3. doesn't matter
    • Q5: If services PMI data is above 50 this means that?
      1. the sector contracted
      2. @ the sector is expanded
      3. manufacturing is weak
    • Q6: Strong inflation data pushes a currency up because?
      1. it makes the currency more popular
      2. it increases the chance of rates being cut
      3. @ it increases the chance of rates being raised
    • Q7: If the ECB cut rates we could expect EUR to?
      1. go up
      2. @ go down
      3. be unaffected
    • Q8: GBP is likely to go down if?
      1. inflation data is strong
      2. @ GDP data is weak
      3. employment data is strong
    • Q9: If the unemployment rate goes up, the currency would likely?
      1. @ go down
      2. go up
      3. be unchanged
    • Q10: If retail sales are strong the currency in question would most likley?
      1. go down
      2. @ go up
      3. be unchanged
    • Q11: Retail sales are important because they are used as a gauge for?
      1. inflation data
      2. unemployment data
      3. @ GDP
    • Q12: If manufacturing PMI data is below 50 this means that?
      1. the sector is expanding
      2. @ the sector is contracting
      3. retail sales are strong
    • Q13: PCE is used by the Fed as a gauge for?
      1. unemployment data
      2. @ inflation data
      3. services PMI
  • Lesson #11: Correlations

    • Q1: A correlation is when one element
      1. @ directly impacts another element
      2. is stronger than another element
      3. is weaker than another element
    • Q2: Usually, if the Canadian dollar is going up?
      1. gold typically goes up to
      2. @ oil typically goes up to
      3. silver typically goes up to
    • Q3: Why is the Australian Dollar impacted by the price of gold?
      1. because Australia buys a lot of gold
      2. @ because Australia sells a lot of gold
      3. because Australian money is made from gold
    • Q4: Why are AUD and NZD often trading together?
      1. because the countries have the same currency
      2. @ because the countries are closely linked trading partners
      3. neither
    • Q5: Which of these currencies is classed as a safe haven?
      1. Sterling
      2. Euro
      3. @ Japanese Yen
    • Q6: In times of economic uncertainty, AUD would typically be?
      1. going up
      2. @ going down
      3. not be effected
    • Q7: If equity prices and oil prices are rallying, JPY would usually be?
      1. going up
      2. hardly moving
      3. @ going down
    • Q8: Safe haven currencies usually?
      1. strengthen during times of good global growth
      2. @ weaken during time of good global growth
      3. are not impacted during market cycles
    • Q9: Why does the price of oil tend to affect CAD?
      1. @ because Canada sells a lot of oil
      2. because Canada buys a lot of oil
      3. because Canada imports the most cars
    • Q10: If the Euro and gold were positively correlated this means that?
      1. Euro would fall when gold rises
      2. @ Euro would rise when gold rises
      3. they wouldn't effect one another
    • Q11: If CAD and EUR had an inverse correlation this means that?
      1. EUR moves faster than CAD
      2. @ if CAD is going up EUR is going down
      3. if EUR is going up CAD is going up
  • Lesson #12: Pivot Points

    • Q1: Pivot points give us?
      1. 3 key levels to watch
      2. 4 key levels to watch
      3. @ 6 key levels to watch
    • Q2: Price above the pivot is classed as?
      1. bearish
      2. @ bullish
      3. neutral
    • Q3: Pivot Points can be used for?
      1. scalping
      2. longer term trades
      3. @ both
    • Q4: If price trades into R1, this could be an opportunity to?
      1. look to buy
      2. @ look to sell
      3. trail your stop loss
    • Q5: If price trades into S1, this could be an opportunity to?
      1. @ look to buy
      2. look to sell
      3. set your take profit
    • Q6: Pivot Points can be used to trade?
      1. breakouts
      2. reversals
      3. @ both
    • Q7: Pivot Points can also be used on weekly and monthly time frames
      1. @ true
      2. false
      3. only hourly time frames
    • Q8: If price breaks below the Pivot Point, this is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q9: If price breaks above the pivot point, this is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q10: Pivot Points were used by?
      1. accountants
      2. monks
      3. @ the old floor traders
    • Q11: Pivot Points act as?
      1. resistance
      2. support
      3. @ both A & B
  • Lesson #13: Strong Weak

    • Q1: A strong currency would be expected to rise against?
      1. @ a weak currency
      2. another strong currency
      3. both
    • Q2: The rising blue bars on the indicator show?
      1. which currency is weakest
      2. @ which currency is strongest
      3. which currency is most popular
    • Q3: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. rising
      2. @ falling
      3. flat
    • Q4: The strong/weak indicator highlights currencies that are?
      1. @ displaying highest & lowest momentum
      2. most & least popular
      3. never usually traded
    • Q5: If the blue bars on the indicator are getting smaller, this means the currency is?
      1. getting stronger
      2. @ getting weaker
      3. about to see a reversal
    • Q6: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. @ be in a bearish trend
      2. be in a bullish trend
      3. be in a ranging market
    • Q7: Weaker currencies typically fall against?
      1. weaker currencies
      2. @ stronger currencies
      3. commodities
    • Q8: The strong/weak indicator tells us exactly?
      1. @ which currency pairs to trade
      2. the health of the global economy
      3. that investors are putting money in safe havens
    • Q9: The Strong/Weak indicator shows currencies in which timeframes?
      1. H4, D1
      2. H1, M15
      3. @ both A & B
    • Q10: The Strong/Weak indicator shows?
      1. @ how each currency moved against each other in different time frames
      2. economic data news releases
      3. market news releases that could impact currency
    • Q11: The Strong/Weak indicator will save you lots of time
      1. reviewing different currency price charts
      2. determining your Strong/Weak currency pair
      3. @ both A & B
    • Q12: The Strong/Weak indicator is a indicator
      1. @ we have built in-house
      2. you can get on any trading platform
      3. neither A or B
  • Lesson #14: McGinley Dynamic Indicator

    • Q1: You should always test your trading strategy with?
      1. real money
      2. @ simulation money
      3. neither A or B
    • Q2: The McGinley Dynamic Indicator tracks price?
      1. @ to the speed of the market
      2. every hour
      3. every week
    • Q3: The McGinley Dynamic Indicator can be used to?
      1. judge trend direction
      2. enter trades
      3. @ both A & B
    • Q4: If price crosses above the indicator line we should?
      1. @ go long (look to buy)
      2. go short (look to sell)
      3. stay out of the market
    • Q5: If price is moving below the indicator line, this means price is?
      1. neutral
      2. @ bearish
      3. bullish
    • Q6: If price crosses below the McGinley you could look to sell a retest of the indicator line?
      1. @ true
      2. false
      3. sometimes
    • Q7: If price crosses above the McGinley line that is a?
      1. @ bullish signal
      2. bearish signal
      3. dovish signal
    • Q8: The McGinley indicator is similar to which other indicator?
      1. MACD
      2. RSI
      3. @ Moving Average
    • Q9: The McGinley indicator is useful for?
      1. identifying trend direction
      2. executing trades
      3. @ both A & B
    • Q10: The McGinley dynamic indicator...
      1. @ tracks price closer than moving averages
      2. does not track price as closely as moving averages
      3. neither A or B
    • Q11: McGinleys Dynamic Indicator would be better used for?
      1. @ entering buy & sell positions
      2. determining longterm trends
      3. multi-time frame analysis
  • Lesson #15: Intermediate Final Exam

    • Q1: What days can you trade the Forex market and make money?
      1. 7 days a week
      2. @ 5 days a week
      3. 6 1/2 hours a day
    • Q2: When trading Forex you can profit from?
      1. crashing markets
      2. prospering markets
      3. @ A & B
    • Q3: Where can you trade Forex from?
      1. United States
      2. Europe
      3. @ Anywhere in the World
    • Q4: What tradable market is the largest and most liquid?
      1. stocks
      2. commodities
      3. @ foreign exchange
    • Q5: You can trade Forex from a?
      1. computer
      2. mobile phone or tablet
      3. @ A & B
    • Q6: Trading Foreign Exchange is the?
      1. @ swapping of two currencies
      2. sending a package across seas
      3. trading products
    • Q7: Forex gives you the freedom to?
      1. set your own schedule
      2. afford the finer things in life
      3. @ both A & B
    • Q8: When the Forex market is open, how many hours a day can you trade?
      1. 5 hours
      2. 8 hours
      3. @ 24 hours a day
    • Q9: Trading equities is most risky during times of?
      1. @ economic uncertainty
      2. economic certainty
      3. neither A or B
    • Q10: Simulation currency is good for?
      1. using to get prizes
      2. turn into real cash
      3. @ testing & developing a profitable trading strategy
    • Q11: Should you treat simulation currency like its real money?
      1. @ yes
      2. no
      3. sometimes
    • Q12: Can you trade demo without having any money?
      1. @ yes
      2. no
      3. sometimes
    • Q13: When demo trading you should?
      1. trade with the biggest size possible to see how much you could make live
      2. @ trade exactly how you would live to get a realistic experience
      3. take any trades you feel like taking
    • Q14: Demo trading allows you to?
      1. test the platform out
      2. test your strategy out
      3. @ both
    • Q15: When you demo trade it is important to?
      1. @ test your strategy and the platform thoroughly
      2. trade as much as possible
      3. place the biggest trades you can
    • Q16: You should use demo trading to?
      1. perfect your trading strategy
      2. understand different market types
      3. @ both A and B
    • Q17: Demo trading is unique because it allows you to?
      1. become an expert before investing a single dollar
      2. learn what to do and what not to do in the market
      3. @ both A & B
    • Q18: The best traders in the world?
      1. jump into the market blind with real money
      2. practice trading demo for an hour a day
      3. @ practice trading demo until they perfect their strategy
    • Q19: When trading a currency pair, the first currency in the pair is?
      1. @ the currency you are buying or selling
      2. the secondary currency
      3. the only currency to focus on
    • Q20: 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. 1/10
      2. @ 1/100
      3. 1/1,000
    • Q21: A pip stands for?
      1. percentage interest point
      2. price interest percentage
      3. @ price interest point
    • Q22: In the pair EUR/USD, which is the base currency?
      1. @ EUR
      2. USD
      3. neither A or B
    • Q23: The term hawkish means?
      1. @ the central bank is inclined to raise rates
      2. the central bank is inclined to cut rates
      3. the central back is not optimistic
    • Q24: The term dovish means?
      1. the central bank is inclined to raise rates
      2. @ the central bank is inclined to cut rates
      3. the central bank is optimistic
    • Q25: What is the spread in this currency quote? (1.0034/1.0036)
      1. 105 pips
      2. @ 2 pips
      3. 5 pips
    • Q26: The central bank is inclined to raise rates if they are?
      1. dovish
      2. @ hawkish
      3. bearish
    • Q27: The central bank is inclined to cut rates if they are?
      1. @ dovish
      2. hawkish
      3. bullish
    • Q28: The Japanese Yen is closer to?
      1. @ 1/100 of the major currency pairs
      2. 1/1000 of the major currency pairs
      3. 1/1000 of the major currency pairs
    • Q29: A pip represents?
      1. .001 in most currency pairs
      2. .01 in most currency pairs
      3. @ .0001 in most currency pairs
    • Q30: In pairs with the JPY a pip is?
      1. @ .01
      2. .001
      3. .0001
    • Q31: Which is the quote currency in the pair EUR/USD?
      1. EUR
      2. @ USD
      3. neither A or B
    • Q32: A candlestick shows the?
      1. @ open, high, low & close
      2. high & low
      3. open & close
    • Q33: A line chart shows?
      1. the opening prices
      2. the high prices
      3. @ the closing prices
    • Q34: The term bullish refers to?
      1. downward market
      2. @ upward market
      3. flat market
    • Q35: If price is trending lower this is an example of a?
      1. a bullish market
      2. @ a bearish market
      3. a ranging market
    • Q36: If price is trending higher this is an example of a?
      1. @ a bullish market
      2. a bearish market
      3. a ranging market
    • Q37: The chart which shows us closing prices only, is a?
      1. bar chart
      2. @ line chart
      3. candlestick chart
    • Q38: The chart which shows us open high low and close is?
      1. candlestick
      2. bar
      3. @ both A & B
    • Q39: If a candle is red this means that?
      1. @ price went lower over that session
      2. price went higher over that session
      3. price hasn't moved over the session
    • Q40: If a candle is green this means that?
      1. price went lower over that session
      2. @ price went higher over that session
      3. price hasn't moved over the session
    • Q41: A bullish candle would be typically which color?
      1. @ green
      2. red
      3. white
    • Q42: A bearish candle would be typically which color?
      1. green
      2. @ red
      3. black
    • Q43: Which color are candles on a line chart?
      1. red
      2. green
      3. @ there are no candles on a line chart
    • Q44: Which four things do candlesticks tell us about a session?
      1. momentum, volatility, direction, popularity
      2. low, high, middle, open
      3. @ open, high, low, close
    • Q45: What are the two market types?
      1. fast and slow
      2. up and down
      3. @ trending & ranging
    • Q46: If price is moving with higher highs and higher lows it is a?
      1. bearish trend
      2. @ bullish trend
      3. range
    • Q47: If price is putting lower lows and lower highs this is a?
      1. @ bearish trend
      2. bullish trend
      3. range
    • Q48: A ranging market is where?
      1. price is moving higher
      2. price is moving lower
      3. @ price is stuck & not moving higher or lower
    • Q49: A range always has a?
      1. support level
      2. resistance level
      3. @ both A & B
    • Q50: If price is rotating between high and lows this is a?
      1. bearish trend
      2. bullish trend
      3. @ range
    • Q51: The market switches between which two states?
      1. volatility and momentum
      2. @ trend and range
      3. bullish and bearish
    • Q52: What type of markets is it best to know how to trade?
      1. trending markets
      2. ranging markets
      3. @ both
    • Q53: Why is it important to be able to recognize different market types?
      1. so you know how to trade them
      2. so you can trade around the clock
      3. @ both A & B
    • Q54: When would you guess the U.S. dollar is typically trending?
      1. @ when news is being released in the morning
      2. when you are sleeping at night
      3. in the middle of the afternoon
    • Q55: The level at which you automatically exit the trade at a loss is?
      1. a take profit
      2. @ a stop loss
      3. a resistance level
    • Q56: Traders should always look to achieve?
      1. @ positive risk:reward
      2. negative risk:reward
      3. highest leverage possible
    • Q57: To lock in profits we can?
      1. increase our leverage
      2. add to our trade
      3. @ trail stop losses
    • Q58: A take profit allows you to?
      1. @ determine your risk:reward on a trade
      2. make as much money as possible
      3. cash out from your broker
    • Q59: Placing a stop loss allows you to?
      1. control and determine your risk
      2. size your trade correctly
      3. @ both A & B
    • Q60: A trailing stop loss functions by?
      1. @ closing your trade automatically at an adjusted amount based on profit
      2. closing your trade automatically at your preset risk level
      3. closing your trade automatically when you are profitable
    • Q61: A take profit functions by?
      1. closing your trade automatically when you are profitable
      2. closing your trade automatically at your preset risk level
      3. @ closing your trade automatically when your goal is reached
    • Q62: A stop loss functions by?
      1. closing your trade automatically when your profit goal is reached
      2. closing your trade automatically when you are profitable
      3. @ closing your trade automatically at your preset risk level
    • Q63: If price is moving too strongly in one direction, momentum indicators tell us?
      1. which direction price is moving
      2. @ at which point price is vulnerable to a reversal
      3. neither A or B
    • Q64: How can indicators be helpful?
      1. they tell you the future
      2. @ they help predict the next movement of price
      3. they guarantee profit
    • Q65: What do indicators do?
      1. focus on trend direction only
      2. focus on momentum only
      3. @ focus on trend direction and momentum
    • Q66: What are indicators?
      1. @ a guide
      2. a type of graph
      3. a fortune teller
    • Q67: Momentum indicators look at when the market is?
      1. @ too stretched and likely to snap back
      2. trend direction
      3. both
    • Q68: If price is above its moving average it is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q69: The Relative Strength Index looks at?
      1. trend direction
      2. @ momentum
      3. neither A or B
    • Q70: MACD looks at?
      1. @ trend direction
      2. when the market is over sold
      3. when the market is over bought
    • Q71: Indicators are used to?
      1. increase our leverage
      2. reduce our risk
      3. @ help us measure price moves
    • Q72: What type of market bounces off support & resistance levels?
      1. trending markets
      2. @ ranging markets
      3. neither A or B
    • Q73: Can support and resistance levels tell you the future?
      1. yes
      2. @ no
      3. sometimes
    • Q74: Do past support and resistance levels tend to repeat themselves?
      1. @ yes
      2. no
      3. quite frequently
    • Q75: 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?
      1. @ at least twice
      2. at least once
      3. at least six times
    • Q76: Past lows form?
      1. resistance
      2. @ support
      3. a range
    • Q77: Past highs form?
      1. @ resistance
      2. support
      3. a range
    • Q78: Resistance is a good level to?
      1. @ sell
      2. buy
      3. look at another price chart
    • Q79: Support is a good level to?
      1. sell
      2. @ buy
      3. look at another price chart
    • Q80: When price is bouncing off support & resistance it is?
      1. @ ranging
      2. trending
      3. neither A or B
    • Q81: If price bounces twice off support you should look to?
      1. do nothing
      2. sell
      3. @ buy
    • Q82: If price bounces twice off resistance we should look to?
      1. @ sell
      2. buy
      3. do nothing
    • Q83: What is a Market Execution order?
      1. @ an order that is placed immediately
      2. an order that is executed when price reaches a higher level than current
      3. an order that is executed when price reaches a lower level than current
    • Q84: What is a Sell Limit order?
      1. @ an order that is placed when price reaches a higher level
      2. an order that is placed with price reaches a lower level
      3. an order that is executed immediately
    • Q85: What is a Buy Stop order?
      1. @ an order that is executed when price trades above the current market price
      2. an order that is executed when price trades below the current price
      3. an order that is executed immediately
    • Q86: What is a Sell Stop order?
      1. an order that is placed when price reaches a higher level than current
      2. @ an order that is placed when price reaches a lower level than current
      3. an order that is executed immediately
    • Q87: What is a Buy Limit order?
      1. @ an order that is placed when price reaches a lower level than current
      2. an order that is placed when prices reaches a higher level than current
      3. an order that is executed immediately
    • Q88: When you place a Buy Stop order you are expecting price to?
      1. @ keep going higher
      2. reverse lower
      3. neither A or B
    • Q89: When you place a Sell Stop order you are expecting price to?
      1. keep going higher
      2. @ keep going lower
      3. reverse
    • Q90: When you place a Buy Limit order you are expecting price to?
      1. @ reverse higher after reaching a lower level
      2. reverse lower after reaching a higher level
      3. neither A or B
    • Q91: When you place a Sell Limit order you are expecting price to?
      1. @ reverse lower after reaching a higher level
      2. reverse higher after reaching a lower level
      3. keep going lower after reaching a lower level
    • Q92: Trend lines can be?
      1. bullish
      2. bearish
      3. @ both A & B
    • Q93: What is a bullish trend?
      1. @ a trend going up
      2. a trend going down
      3. a trend going sideways
    • Q94: What is a bearish trend?
      1. a trend going up
      2. @ a trend going down
      3. a trend going sideways
    • Q95: Always trade in the direction of the trend?
      1. @ true
      2. false
      3. sometimes
    • Q96: We can look to buy at a?
      1. @ rising trend line
      2. falling trend line
      3. neither A or B
    • Q97: We can look to sell at a?
      1. rising trend line
      2. @ falling trend line
      3. neither A or B
    • Q98: Connecting higher lows gives us a?
      1. @ rising trend line
      2. falling trend line
      3. ranging market
    • Q99: You can add trend lines to your price chart by using the trend line tool
      1. @ true
      2. false
      3. sometimes
    • Q100: Trend lines are a simple way of determining the trend
      1. false
      2. @ true
      3. sometimes
    • Q101: Trend lines tell us when the market is oversold or underbought
      1. true
      2. @ false
      3. sometimes
    • Q102: What does the Pin Bar pattern represent?
      1. a breakout
      2. @ a reversal
      3. a continuation
    • Q103: What is a bullish Engulfing pattern?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. neutral pattern
    • Q104: What does Harami mean?
      1. pin bar
      2. engulfing candle
      3. @ inside bar
    • Q105: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to consolidate
    • Q106: A bearish Pin Bar suggests?
      1. @ price reversing lower
      2. price reversing higher
      3. price is going to range
    • Q107: The inside bar is also know as the?
      1. outside bar
      2. @ Harami pattern
      3. the Engulfing pattern
    • Q108: The Engulfing pattern consists of?
      1. 3 candles
      2. @ 2 candles
      3. 4 candles
    • Q109: The Doji pattern is a?
      1. bullish pattern
      2. bearish pattern
      3. @ both A & B
    • Q110: The Pin Bar is also known as?
      1. @ the Pinocchio Bar
      2. the Evening Star
      3. the Morning Star
    • Q111: Moving averages tell us?
      1. @ what the average price has been over a certain time period
      2. when the market is over sold
      3. when the market is over bought
    • Q112: If the price is above its average this tells us?
      1. @ the price is strong
      2. the price is weak
      3. neither A or B
    • Q113: If the price is below its average this tells us?
      1. the price is strong
      2. @ the price is weak
      3. neither A or B
    • Q114: If price is below the moving average we should?
      1. @ look to sell
      2. look to buy
      3. neither
    • Q115: If price is above the moving average we should?
      1. look to sell
      2. @ look to buy
      3. neither
    • Q116: Moving averages help us?
      1. identify volatility
      2. identify momentum
      3. @ identify trend direction
    • Q117: Does the moving average tool automatically update itself?
      1. @ yes
      2. no
      3. sometimes
    • Q118: We can use moving averages to assess whether we should be buying or selling
      1. @ true
      2. false
      3. sometimes
    • Q119: Moving averages are?
      1. the most commonly used indicator
      2. the first indicator most traders get to grips with
      3. @ both A and B
    • Q120: When the price action hits the top Bollinger Band what does this typically mean?
      1. @ the currency is overbought
      2. the currency is oversold
      3. neither A or B
    • Q121: When the price action hits the bottom Bollinger Band what does this typically mean?
      1. the currency is overbought
      2. @ the currency is oversold
      3. neither A or B
    • Q122: If the market is very volatile than the Bollinger Bands will be?
      1. close together
      2. @ far apart
      3. neither A or B
    • Q123: If the market is not volatile, Bollinger Bands will be?
      1. @ close together
      2. far apart
      3. neither a or b
    • Q124: Bollinger Bands are used to tell us when price is?
      1. currently overbought
      2. currently oversold
      3. @ both A & B
    • Q125: Bollinger Bands use how many lines?
      1. 1
      2. 2
      3. @ 3
    • Q126: The line through the middle of the Bollinger Bands is typically a?
      1. @ 20-period moving average
      2. 30-period moving average
      3. 15-period moving average
    • Q127: Fading is a technique used?
      1. @ buy or sell at extreme levels
      2. place stop losses or take profits
      3. neither A or B
    • Q128: Bollinger Bands are considered a?
      1. @ technical indicator
      2. resistance level
      3. support level
    • Q129: When the price is above the MACD center line, this means the price is?
      1. @ bullish
      2. bearish
      3. neither A or B
    • Q130: When the price is below the MACD center line, this means the price is?
      1. bullish
      2. @ bearish
      3. neither A or B
    • Q131: The MACD indicator is used to determine?
      1. @ the direction of momentum in the market
      2. when the currency is over bought
      3. when the currency is over sold
    • Q132: MACD stands for?
      1. moving average concept display
      2. moving average critical direction
      3. @ moving average convergence divergence
    • Q133: MACD crossing above the centre line is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q134: MACD crossing below the centre line is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q135: When MACD crosses above the centre line we should?
      1. @ look to buy
      2. look to sell
      3. do nothing
    • Q136: When MACD crosses below the centre line we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q137: MACD looks at?
      1. volatility
      2. momentum
      3. @ momentum and direction
    • Q138: When trading using Relative Strength Index, when price touches the lower threshold, what will it most likely do?
      1. @ correct back upwards
      2. correct back downwards
      3. go sideways
    • Q139: When trading using Relative Strength Index, when the price touches the upper threshold, what will it most likely do?
      1. correct back upwards
      2. @ correct back downwards
      3. go sideways
    • Q140: The Relative Strength Index tells us when?
      1. the market is overheating and needs to cool down (price goes down)
      2. the market is getting too cold and needs to warm up (price goes up)
      3. @ both A & B
    • Q141: If price is moving strongly lower, the RSI indicator will be?
      1. moving higher
      2. @ moving lower
      3. not moving at all
    • Q142: If price is moving strongly higher, the RSI indicator will be?
      1. @ moving higher
      2. moving lower
      3. not moving at all
    • Q143: If the RSI indicator is in overbought territory, price is likely to?
      1. reverse higher
      2. @ reverse lower
      3. start ranging
    • Q144: If the RSI indicator is in oversold territory, price is likely to?
      1. reverse lower
      2. @ reverse higher
      3. start ranging
    • Q145: The default upper threshold on the RSI indicator is set at?
      1. @ 70
      2. 30
      3. 90
    • Q146: The default lower threshold on the RSI indicator is set at?
      1. 20
      2. @ 30
      3. 50
    • Q147: When the Parabolic SAR indicators dots are above the price this means?
      1. @ the price action is in a downtrend
      2. the price action is in a uptrend
      3. the price action is moving sideways
    • Q148: When the Parabolic SAR indicators dots are below the price this means?
      1. the price action is in a downtrend
      2. @ the price action is in a uptrend
      3. the price action is moving sideways
    • Q149: Parabolic SAR indicator is especially good at?
      1. @ catching big reversals
      2. determining when the currency is over bought
      3. determining when the currency is over sold
    • Q150: If price is in a bullish trend, the Parabolic SAR dots would be?
      1. above price
      2. @ below price
      3. in-between price
    • Q151: If price is in a downtrend, the Parabolic SAR dots would be?
      1. @ above price
      2. below price
      3. in-between price
    • Q152: Parabolic SAR identifies?
      1. @ potential shifts in momentum
      2. potential shifts in popularity
      3. ranging markets
    • Q153: When price crosses below the Parabolic SAR dots we can?
      1. look for buying opportunities
      2. @ look for selling opportunities
      3. determine that the market is ranging
    • Q154: When price crosses above the Parabolic SAR dots we can?
      1. @ look for buying opportunities
      2. look for selling opportunities
      3. determine the market is ranging
    • Q155: Parabolic SAR can be used to remove the guess work in catching?
      1. @ big market reversals
      2. resistance levels
      3. support levels
    • Q156: The Fibonacci retracement tool is used to determine?
      1. @ resistance and support levels
      2. momentum
      3. trend
    • Q157: The key levels of the Fibonacci retracement tool are?
      1. 127%, 161% & 200%
      2. neither A or C
      3. @ 23.6%, 38.2%, 50%, 61.8% & the 76.4%
    • Q158: The key levels of the Fibonacci extension tool are?
      1. 38.2%, 50%, 61.8%
      2. @ 127%, 161% & 200%
      3. 23.6%, 38.2%, 50%, 61.8% & 76.4%
    • Q159: If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?
      1. @ highest point to lowest point
      2. lowest point to highest point
    • Q160: The 50% retracement is the only key Fibonacci level
      1. true
      2. @ false
      3. sometimes
    • Q161: If price traded up into Fibonacci resistance we could look to?
      1. buy
      2. @ sell
      3. do nothing
    • Q162: If price traded down into Fibonacci support we could look to?
      1. @ buy
      2. sell
      3. do nothing
    • Q163: The Fibonacci extension tool
      1. highlights levels within a price swing
      2. @ highlights levels beyond a price swing
      3. does neither
    • Q164: Fibonacci is found?
      1. in solar systems
      2. in all parts of life
      3. @ both A & B
    • Q165: When is it a good idea to deviate from your trading plan?
      1. when you lose a trade
      2. when you you win a trade
      3. @ neither A or B
    • Q166: What can be a huge stalling block to long term success in trading?
      1. @ letting a winning trade turn into a loser
      2. moving your stop loss to entry
      3. neither A or B
    • Q167: Always pair a?
      1. @ strong vs weak currency
      2. weak vs weak
      3. strong vs strong
    • Q168: Enter a trade when?
      1. economic fundamentals add up
      2. technical fundamentals add up
      3. @ both A & B
    • Q169: You can protect your profits by?
      1. using stop loss
      2. using take profit
      3. @ using trailing stop loss
    • Q170: You want to use ________ to enter or exit a trade?
      1. @ technical analysis
      2. fundamental analysis
      3. both A & B
    • Q171: Being right and being early is the same as?
      1. being right
      2. making a good choice
      3. @ being wrong
    • Q172: When you open a trade you should always?
      1. follow logic only
      2. follow impulse only
      3. @ neither A or B
    • Q173: What's a great way to insure that you don't take a losing trade?
      1. using take profits
      2. @ moving your stop loss to break even
      3. neither A or B
    • Q174: Which is an example of scaling into a resistance level selling between 1.1100 and 1.1130?
      1. @ opening a trade a quarter of your regular position size at 1.110, 1.1110, 1.1120 and 1.1130
      2. opening a trade a quarter of your regular position size at, 1.110, 1.1140, 1.1141, and 1.1142
      3. neither A or B
    • Q175: What is the purpose of pairing Strong vs Weak currencies?
      1. to catch momentum in the market
      2. to trade with the trend
      3. @ both A & B
    • Q176: A Strong vs Strong currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q177: A Weak vs Weak currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q178: Always stick to your trading strategy
      1. true
      2. false
      3. @ only if it has been successfully tested with demo currency
    • Q179: It's ok to adjust your trading strategy when?
      1. market dynamics change
      2. you notice something that might work better while trading demo
      3. @ both A & B
    • Q180: Draw down refers to?
      1. biggest loser
      2. biggest winner
      3. @ peak to trough decline on account
    • Q181: Risk:Reward refers to?
      1. your stop loss size
      2. your risk per trade
      3. @ how much you stand to win vs how much you stand to lose
    • Q182: Which lot size is correct?
      1. 1.00 lot = 1,000 units of currency
      2. 1.00 lot = 10,000 units of currency
      3. @ 1.00 lot = 100,000 units of currency
    • Q183: Margin refers to?
      1. the biggest winner
      2. your strategy returns
      3. @ the amount of money on deposit in your account
    • Q184: If you use leverage in your account you can?
      1. win more trades
      2. make more money
      3. @ make more money but also lose more money
    • Q185: Which trader would have higher returns?
      1. 2:1 risk reward and 50% hit rate
      2. 2:1 risk reward and 70% hit rate
      3. @ 3:1 risk reward and 40% hit rate
    • Q186: If you have a high win rate you will definitely be profitable
      1. true
      2. false
      3. @ depends on your Risk:Reward
    • Q187: Risk:Reward is more important than hit rate
      1. @ most of the time
      2. never
      3. sometimes
    • Q188: What does the term "margin call" refer to>?
      1. needing to increasing the size of your trade
      2. @ needing to increase the amount of money on deposit in account
      3. needing to increase the number of trades
    • Q189: If a trader went to account equity highs of 60% then down to 30% then finished the year at 80%, what would their drawdown be?
      1. 20%
      2. @ 30%
      3. 40%
    • Q190: Money placed on deposit with a broker is called?
      1. @ margin
      2. stop loss
      3. leverage
    • Q191: Brokers can make money by charging?
      1. spreads
      2. @ spreads & commissions
      3. commissions
    • Q192: When a currency is quoted 1.1109/1.1115 what is the spread?
      1. .0009
      2. .1115
      3. @ .0006
    • Q193: Do broker fees come out of your trades?
      1. @ yes
      2. no
      3. sometimes
    • Q194: A dealing desk broker
      1. passes your trade through to the banks
      2. @ takes the other side of your trade
      3. manages money for clients
    • Q195: If you lose a trade, a non dealing desk broker
      1. makes the profit
      2. @ only makes money on spreads & commissions
      3. takes the other side of your trade
    • Q196: Forex brokers help you?
      1. know which way to trade
      2. know where to place your stop
      3. @ access the currency markets
    • Q197: Broker fees come out of your trades
      1. @ true
      2. false
      3. sometimes
    • Q198: What is the spread?
      1. difference between high and low of the day
      2. how many traders are long and short
      3. @ difference between bid and ask price
    • Q199: A broker that makes a market for your trade is called a?
      1. non dealing desk broker
      2. @ dealing desk broker
      3. neither a or b
    • Q200: If you lose a trade with a dealing desk broker
      1. they make no profit on your trade
      2. @ they make a profit on your trade
      3. neither A or B
    • Q201: What are the two types of broker fees called?
      1. bid and ask
      2. @ spread and commission
      3. commissions
    • Q202: A safe haven asset is one which?
      1. investors turn to when times are good
      2. investors turn to looking to make big returns
      3. @ investors turn to protect capital when time are bad
    • Q203: Which of these currencies is a safe haven?
      1. AUD
      2. CAD
      3. @ JPY
    • Q204: If equity markets are trading higher, JPY would be?
      1. trading higher
      2. flat
      3. @ trading lower
    • Q205: If news from China is bad, risk appetite would be?
      1. strengthened
      2. @ weakened
      3. unchanged
    • Q206: Gold is seen as a hedge against?
      1. deflation
      2. unemployment
      3. @ inflation
    • Q207: During times of economic growth & certainty
      1. safe havens are not effected
      2. @ safe haven currencies trade lower
      3. safe haven currencies trade higher
    • Q208: AUD trades higher during?
      1. @ times of good global growth
      2. times of bad global growth
      3. during times of global economic uncertainty
    • Q209: JPY trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. neither A or B
    • Q210: CHF trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. during times of global economic certainty
    • Q211: Which of these are safe haven assets?
      1. precious metals
      2. JPY & CHF
      3. @ both A & B
    • Q212: If equities are trading lower, JPY would usually be?
      1. @ trading higher
      2. trading lower
      3. they are not effected
    • Q213: If equities are trading higher, JPY would usually be?
      1. trading higher
      2. @ trading lower
      3. not effected
    • Q214: If global growth is bad and investors are panicked, gold would usually be?
      1. trading lower
      2. @ trading higher
      3. not effected
    • Q215: If global growth is good and investors are positive, gold would usually be?
      1. @ trading lower
      2. trading higher
      3. not effected
    • Q216: If gold and CHF are trading higher, the market is likely in?
      1. @ a state of economic uncertainty
      2. a state of economic certainty
      3. neither A or B
    • Q217: What is confluence?
      1. when one technical element presents itself
      2. when two or more technical elements present themselves
      3. @ when two or more technical elements present themselves in the same place
    • Q218: What does retracement mean?
      1. when you trace over the price chart
      2. when you go back in time on a price chart
      3. @ when the price moves back against itself
    • Q219: What does expansion mean?
      1. when you expand the chart
      2. @ when the trend moves forward
      3. when you expand your position size
    • Q220: Higher highs and higher lows show us a?
      1. @ bullish trend
      2. bearish trend
      3. range bound market
    • Q221: The idea behind using multi-time frame analysis is to?
      1. set profit targets
      2. @ see the bigger picture
      3. see how volatile price is
    • Q222: The point of finding confluence in the market is to?
      1. @ build the strongest case for taking a trade
      2. make more money
      3. neither a or b
    • Q223: Multi-time frame analysis helps us?
      1. @ identify the dominant trend
      2. find the most popular currency
      3. find the best stop loss location
    • Q224: If price is putting in lower highs & lower lows we would call this?
      1. @ a bearish trend
      2. a bullish trend
      3. a range
    • Q225: Where a key Fibonacci level lines up with an extreme RSI reading, this is an example of ?
      1. increased volatility
      2. multi time frame analysis
      3. @ confluence
    • Q226: If price is trending lower on the higher time frames, then on the lower time frames we want to?
      1. look to buy
      2. stay out of the market
      3. @ look to sell
    • Q227: If price is trending higher on the higher time frames, then on the lower time frames we want to?
      1. look to sell
      2. @ look to buy
      3. look at another currency pair
    • Q228: You should always use multi-time frame analysis to enter your trades
      1. @ true
      2. false
      3. sometimes
    • Q229: A bullish trend shows that?
      1. buyers and sellers are neutral
      2. sellers are stronger than buyers
      3. @ buyers are stronger than sellers
    • Q230: If we play a breakout long in a bullish trend our stop should go?
      1. above the last high
      2. 100 pips away
      3. @ below the last low
    • Q231: If a price chart is showing lower lows and lower highs this shows a?
      1. ranging market
      2. bullish trend
      3. @ bearish trend
    • Q232: If price is rotating between a low point & a high point price is?
      1. trending higher
      2. trending lower
      3. @ ranging
    • Q233: In a ranging market our best method is to?
      1. buy & hold
      2. sell & hold
      3. @ fade the range
    • Q234: In a bearish trend, price?
      1. retraces lower
      2. @ retraces higher
    • Q235: If price is trending higher we can?
      1. buy when price retraces lower
      2. buy when price breaks out higher
      3. @ either A or B
    • Q236: If price is trending lower we can?
      1. sell when price retraces higher
      2. sell when price breaks out lower
      3. @ either A or B
    • Q237: A ranging market is where?
      1. price is trading higher
      2. price is trading lower
      3. @ price is rotating between support & resistance
    • Q238: Fading the range is where?
      1. we buy the lows
      2. we buy the highs
      3. @ we buy the lows & sell the highs
    • Q239: If buyers are stronger than sellers?
      1. price is in a bearish trend
      2. @ price is in a bullish trend
      3. price is in a range
    • Q240: If sellers are stronger than buyers?
      1. @ price is in a bearish trend
      2. price is in a bullish trend
      3. price is in a range
    • Q241: In which market conditions would buy & hold work best?
      1. a range
      2. @ a trend
      3. neither A or B
    • Q242: In which market conditions would sell and hold work best?
      1. a range
      2. a bullish trend
      3. @ a bearish trend
    • Q243: Which type of indicators are best to use in ranging markets?
      1. trend direction indicators
      2. momentum indicators
      3. @ both A & B
    • Q244: Selling a breakdown through the lows works best in?
      1. a bullish trend
      2. @ a bearish trend
      3. a range
    • Q245: What is the difference between a Morning Star and Evening Star pattern?
      1. one occurs in the AM one occurs in the PM
      2. the different lengths of consolidation before breakout
      3. @ an Evening Star signals a bearish reversal, a Morning Star signals a bullish reversal
    • Q246: What is likely to occur after a Falling Three pattern?
      1. @ a reversal
      2. consolidation
      3. continuation
    • Q247: What is a Head & Shoulders?
      1. a shampoo
      2. a bullish continuation pattern
      3. @ a bearish reversal pattern
    • Q248: How many lows are there in a valid Triple Bottom pattern?
      1. 2
      2. @ 3
      3. 5
    • Q249: What is the maximum number of price candles in a valid Pennant pattern?
      1. 15
      2. @ 30
      3. 45
    • Q250: How many touches of the trend line verifies a Falling Wedge?
      1. 9
      2. @ 6
      3. 3
    • Q251: The Falling Three pattern is?
      1. a common occurrence
      2. @ a rare pattern
      3. an unreliable pattern
    • Q252: The Rising Three is a?
      1. bearish pattern
      2. @ bullish pattern
      3. can be bullish or bearish
    • Q253: A Bearish Diamond can be?
      1. part of a trend continuation
      2. a reversal
      3. @ either
    • Q254: Triple Tops are a?
      1. @ bearish pattern
      2. bullish pattern
      3. a consolidation pattern
    • Q255: Triple Bottoms are a?
      1. @ bullish pattern
      2. bearish pattern
      3. a consolidation pattern
    • Q256: How many candles are in Evening and Morning Star patterns?
      1. 2
      2. @ 3
      3. 5
    • Q257: When price is moving in a channel, you can draw a identical trend line?
      1. above
      2. below
      3. @ above and below
    • Q258: You find a good trading opportunity when?
      1. @ you find a retest of a broken trend line
      2. you pair a weak vs weak currency
      3. neither
    • Q259: When in a bullish channel, if you took a counter trend trade and sold, where would you set your take profit line?
      1. at the top trend line
      2. between the top and bottom trend line
      3. @ at the bottom trend line
    • Q260: When drawing trend lines it is important to?
      1. @ monitor price to update our lines
      2. make sure our trend lines are the same size
      3. neither
    • Q261: Rising trend lines can be used for a?
      1. @ buy entry
      2. sell entry
      3. a place to put stops
    • Q262: If price breaks through a bearish trend line, we should?
      1. enter a buy trade
      2. enter a sell trade
      3. @ wait for price to retest the broken trend line and look to buy
    • Q263: Trading counter trend in a bullish channel means?
      1. buying trend line support
      2. @ selling trend line resistance
      3. trading a bullish breakout
    • Q264: Trading counter trend in a bearish channel means?
      1. @ buying trend line support
      2. selling trend line resistance
      3. trading a bearish breakout
    • Q265: If we buy trend line support in a bullish channel we can target the trend line resistance
      1. @ true
      2. false
      3. sometimes
    • Q266: If we sell trend line resistance in a bearish channel we can target the trend line support
      1. @ true
      2. false
      3. sometimes
    • Q267: To identify a channel, we?
      1. draw a new trend line
      2. @ clone an existing trend line below or above price
      3. either A or B
    • Q268: If price breaks above a bearish trend line we can?
      1. @ use a retest of the trend line as a buying location
      2. do nothing and watch the market
      3. move our stop losses
    • Q269: Trend line retests work best when there is?
      1. a news release
      2. no key news releases
      3. @ confluence with other technical indicators
    • Q270: If an economic report is labelled RED what does it mean?
      1. it is a weak report
      2. @ it is a strong report
      3. it is a report to be cautious of
    • Q271: If an economic report comes out weaker than the forecast this is typically?
      1. good for the currency
      2. @ bad for the currency
    • Q272: Economic reports are released every?
      1. month
      2. week
      3. @ day
    • Q273: If an economic report is stronger than expected this is typically?
      1. @ good for the currency
      2. bad for the currency
      3. doesn't matter
    • Q274: If services PMI data is above 50 this means that?
      1. the sector contracted
      2. @ the sector is expanded
      3. manufacturing is weak
    • Q275: Strong inflation data pushes a currency up because?
      1. it makes the currency more popular
      2. it increases the chance of rates being cut
      3. @ it increases the chance of rates being raised
    • Q276: If the ECB cut rates we could expect EUR to?
      1. go up
      2. @ go down
      3. be unaffected
    • Q277: GBP is likely to go down if?
      1. inflation data is strong
      2. @ GDP data is weak
      3. employment data is strong
    • Q278: If the unemployment rate goes up, the currency would likely?
      1. @ go down
      2. go up
      3. be unchanged
    • Q279: If retail sales are strong the currency in question would most likley?
      1. go down
      2. @ go up
      3. be unchanged
    • Q280: Retail sales are important because they are used as a gauge for?
      1. inflation data
      2. unemployment data
      3. @ GDP
    • Q281: If manufacturing PMI data is below 50 this means that?
      1. the sector is expanding
      2. @ the sector is contracting
      3. retail sales are strong
    • Q282: PCE is used by the Fed as a gauge for?
      1. unemployment data
      2. @ inflation data
      3. services PMI
    • Q283: A correlation is when one element
      1. @ directly impacts another element
      2. is stronger than another element
      3. is weaker than another element
    • Q284: Usually, if the Canadian dollar is going up?
      1. gold typically goes up to
      2. @ oil typically goes up to
      3. silver typically goes up to
    • Q285: Why is the Australian Dollar impacted by the price of gold?
      1. because Australia buys a lot of gold
      2. @ because Australia sells a lot of gold
      3. because Australian money is made from gold Q4
    • Q286: Why are AUD and NZD often trading together?
      1. because the countries have the same currency
      2. @ because the countries are closely linked trading partners
      3. neither
    • Q287: Which of these currencies is classed as a safe haven?
      1. Sterling
      2. Euro
      3. @ Japanese Yen
    • Q288: In times of economic uncertainty, AUD would typically be?
      1. going up
      2. @ going down
      3. not be effected
    • Q289: If equity prices and oil prices are rallying, JPY would usually be?
      1. going up
      2. hardly moving
      3. @ going down
    • Q290: Safe haven currencies usually?
      1. strengthen during times of good global growth
      2. @ weaken during time of good global growth
      3. are not impacted during market cycles
    • Q291: Why does the price of oil tend to affect CAD?
      1. @ because Canada sells a lot of oil
      2. because Canada buys a lot of oil
      3. because Canada imports the most cars
    • Q292: If the Euro and gold were positively correlated this means that?
      1. Euro would fall when gold rises
      2. @ Euro would rise when gold rises
      3. they wouldn't effect one another
    • Q293: If CAD and EUR had an inverse correlation this means that?
      1. EUR moves faster than CAD
      2. @ if CAD is going up EUR is going down
      3. if EUR is going up CAD is going up
    • Q294: Pivot points give us?
      1. 3 key levels to watch
      2. 4 key levels to watch
      3. @ 6 key levels to watch
    • Q295: Price above the pivot is classed as?
      1. bearish
      2. @ bullish
      3. neutral
    • Q296: Pivot Points can be used for?
      1. scalping
      2. longer term trades
      3. @ both
    • Q297: If price trades into R1, this could be an opportunity to?
      1. look to buy
      2. @ look to sell
      3. trail your stop loss
    • Q298: If price trades into S1, this could be an opportunity to?
      1. @ look to buy
      2. look to sell
      3. set your take profit
    • Q299: Pivot Points can be used to trade?
      1. breakouts
      2. reversals
      3. @ both
    • Q300: Pivot Points can also be used on weekly and monthly time frames
      1. @ true
      2. false
      3. only hourly time frames
    • Q301: If price breaks below the Pivot Point, this is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q302: If price breaks above the pivot point, this is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q303: Pivot Points were used by?
      1. accountants
      2. monks
      3. @ the old floor traders
    • Q304: Pivot Points act as?
      1. resistance
      2. support
      3. @ both A & B
    • Q305: A strong currency would be expected to rise against?
      1. @ a weak currency
      2. another strong currency
      3. both
    • Q306: The rising blue bars on the indicator show?
      1. which currency is weakest
      2. @ which currency is strongest
      3. which currency is most popular
    • Q307: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. rising
      2. @ falling
      3. flat
    • Q308: The Strong/Weak indicator highlights currencies that are?
      1. @ displaying highest & lowest momentum
      2. most & least popular
      3. none of the above answers
    • Q309: If the blue bars on the indicator are getting smaller, this means the currency is?
      1. getting stronger
      2. @ getting weaker
      3. about to see a reversal
    • Q310: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. @ be in a bearish trend
      2. be in a bullish trend
      3. be in a ranging market
    • Q311: Weaker currencies typically fall against?
      1. weaker currencies
      2. @ stronger currencies
      3. commodities
    • Q312: The strong/weak indicator tells us exactly?
      1. @ which currency pairs to trade
      2. the health of the global economy
      3. that investors are putting money in safe havens
    • Q313: The Strong/Weak indicator shows currencies in which timeframes?
      1. H4, D1
      2. H1, M15
      3. @ both A & B
    • Q314: The Strong/Weak indicator shows?
      1. @ how each currency moved against each other in different time frames
      2. economic data news releases
      3. market news releases that could impact currency
    • Q315: The Strong/Weak indicator will save you lots of time
      1. reviewing different currency price charts
      2. determining your Strong/Weak currency pair
      3. @ both A & B
    • Q316: The Strong/Weak indicator is a indicator
      1. @ we have built in-house
      2. you can get on any trading platform
      3. neither A or B
    • Q317: You should always practice your trading strategy using?
      1. real money
      2. @ simulation money
      3. neither A or B
    • Q318: The McGinley Dynamic Indicator adjusts...
      1. @ to the speed of the market
      2. every hour
      3. every week
    • Q319: The McGinley Dynamic Indicator can be used to?
      1. judge trend direction
      2. enter trades
      3. @ both A & B
    • Q320: If price crosses above the McGinley Dynamic Indicator line we should?
      1. @ go long (look to buy)
      2. go short (look to sell)
      3. stay out of the market
    • Q321: If price moving below the McGinley Dynamic Indicator line means price is?
      1. neutral
      2. @ bearish
      3. bullish
    • Q322: If price crosses below the McGinley you could look to sell a retest of the indicator line?
      1. @ true
      2. false
      3. sometimes
    • Q323: If price crosses above the McGinley line that is a?
      1. @ bullish signal
      2. bearish signal
      3. dovish signal
    • Q324: The McGinley indicator is similar to which other indicator?
      1. MACD
      2. RSI
      3. @ Moving Average
    • Q325: The McGinley indicator is useful for?
      1. identifying trend direction
      2. executing trades
      3. @ both A & B
    • Q326: The McGinley dynamic indicator
      1. @ tracks price closer than Moving Averages
      2. neither A or B
    • Q327: McGinleys Dynamic Indicator would be better used for?
      1. @ entering buy & sell positions
      2. determining longterm trends
      3. multi-time frame analysis
    • Q328: Stochastics is considered a?
      1. @ Oscillator
      2. Moving Average
      3. Resistance Level
    • Q329: When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?
      1. @ Overbought
      2. Oversold
      3. Neither
    • Q330: When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?
      1. @ Oversold
      2. Overbought
      3. Ranging
    • Q331: The Stochastic indicator can be used as a great tool to pick up on large market reversals.
      1. @ True
      2. False
      3. Rarely
    • Q332: When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.
      1. @ True
      2. False
      3. Rarely
    • Q333: Fading is a technique used to?
      1. @ Buy or sell at extreme levels
      2. Determine the market type you are trading
      3. A method of determining your profit targets
    • Q334: Stochastics is similar to what other indicators?
      1. MACD
      2. @ Relative Strength Index
      3. Moving Averages
    • Q335: If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?
      1. @ You have a good chance to enter a buy trade
      2. You have a good chance to enter a sell trade
      3. Neither
    • Q336: If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?
      1. You should stay out of the market
      2. You have a good chance of entering a buy trade
      3. @ You have a good chance of entering a sell trade
    • Q337: Stochastics is best used with?
      1. Candlestick Patterns, Economic Data & Support/Resistance Levels
      2. Fibonacci Levels & Trend Lines
      3. @ Both of the above answers
    • Q338: The 121 pattern is a?
      1. Candlestick
      2. @ Harmonic
      3. Indicator
    • Q339: When trading harmonics, what is extremely important?
      1. Symmetry
      2. Length of time the pattern formed
      3. @ Both the above answers
    • Q340: When identifying a 121 pattern, you apply the Fibonacci tool from?
      1. @ X to A
      2. A to B
      3. B to C
    • Q341: The 121 pattern only requires you to measure one swing.
      1. @ True
      2. False
      3. Sometimes
    • Q342: When you measure the 121 pattern, point B of the pattern needs to complete at?
      1. @ 61.8% or 78.6% of X to A
      2. 50% or 61.8% of X to A
      3. 23.6% or 78.6% of B to C
    • Q343: When you measure the 121 pattern, point D of the pattern needs to complete at?
      1. 61.8% or 78.6% of X to A
      2. @ 50% or 61.8% of X to A
      3. 50% or 78.6% of X to A
    • Q344: Point D of the bearish 121 pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Selling Zone
      3. @ Both
    • Q345: Point D of the bullish 121 pattern is the?
      1. Buying Zone
      2. Potential Reversal Zone (PRZ)
      3. @ Both
    • Q346: When measuring symmetry, the best tool to use is the?
      1. Rectangle
      2. Circle
      3. @ Triangle
    • Q347: The 121 pattern has how many swings to get to point D?
      1. 2
      2. 3
      3. @ 4
    • Q348: Why is the AB=CD pattern called what it is?
      1. @ Because the A-B leg and B-C leg should be equal in length
      2. Because that's the name harmonic traders gave it
      3. None of the above answers
    • Q349: What is the most important part of all harmonic patterns?
      1. @ Symmetry
      2. Size
      3. Point C
    • Q350: What is the point of finding the symmetry in harmonic patterns?
      1. @ To determine the length of time each part of the pattern formed
      2. To determine the exact size of the pattern
      3. To determine where point D of the pattern is
    • Q351: What is the easiest way to determine the symmetry of harmonic patterns?
      1. By using the rectangle tool
      2. By using the circle tool
      3. @ By using the triangle tool
    • Q352: When finding symmetry of the AB=CD pattern, we should?
      1. 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
      2. 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
      3. @ 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
    • Q353: When measuring the AB=CD pattern, the first swing we measure with the Fibonacci tool is?
      1. the A to C leg
      2. @ the A to B leg
      3. the C to D leg
    • Q354: Point C of the AB=CD pattern should line up at the?
      1. @ 61.8% or 78.6% Fibonacci level
      2. 50% or 78.6% Fibonacci level
      3. 78.6% or 127% Fibonacci level
    • Q355: Point D of the AB=CD pattern should line up at the?
      1. 61.8% or 78.6% Fibonacci level
      2. 50% or 61.8% Fibonacci level
      3. @ 127% or 161.8% Fibonacci level
    • Q356: Point D of the AB=CD pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Completion point of the pattern
      3. @ Both of the above answers
    • Q357: With a bullish AB=CD pattern, at point D we should look to?
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q358: With the bearish AB=CD pattern, at point D we should look to?
      1. Buy
      2. @ Sell
      3. None of the above
    • Q359: The AB=CD pattern can be found in?
      1. The Gartley Pattern
      2. The 3-Drive Pattern
      3. @ Most harmonic patterns
    • Q360: What does the AB=CD pattern and the Gartley Pattern have in common?
      1. They both have ABCD swings
      2. They both are harmonic patterns
      3. @ Both of the above questions
    • Q361: When measuring a Gartley pattern, where do you begin to measure?
      1. @ From the X to A swing
      2. From the B to C swing
      3. From the C to D swing
    • Q362: When measuring the X to A swing, point B should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 61.8% Fibonacci level
    • Q363: When measuring the A to B swing, point C should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 127% Fibonacci level
      3. @ The 38.2% or 88.6% Fibonacci level
    • Q364: When measuring the B to C swing, point D should be at?
      1. The 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 127% or 161.8% Fibonacci level
    • Q365: Point D of the Gartley pattern is called?
      1. The Potential Reversal Zone (PRZ)
      2. The Buying or Selling Zone
      3. @ Both of the above answers
    • Q366: With a bullish Gartley pattern, we should look to ______ at point D
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q367: With a bearish Gartley Pattern, we should look to ______ at point D
      1. Buy
      2. @ Sell
      3. Stay out of the market
    • Q368: How many different swings do we have to measure in the Gartley pattern?
      1. 1
      2. 2
      3. @ 3
    • Q369: To find point D, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. A to B swing with the Fibonacci Retracement tool
      3. @ B to C swing with the Fibonacci Retracement tool
    • Q370: To find point C, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. @ A to B swing with the Fibonacci Retracement tool
      3. B to C swing with the Fibonacci Retracement tool
    • Q371: To find point B, we should measure the?
      1. @ X to A swing with the Fibonacci Retracement tool
      2. B to C swing with the Fibonacci Retracement tool
      3. C to D swing with the Fibonacci Retracement tool
    • Q372: The 3-Drives pattern is similar to what other harmonic pattern?
      1. Gartley pattern
      2. 121 pattern
      3. @ AB=CD pattern
    • Q373: How many AB=CD patterns are in a 3-Drives pattern?
      1. @ There is three drives in price
      2. There is two drives in price
      3. There is three swings in price
    • Q374: A 3-Drives pattern completes at point?
      1. @ 3
      2. D
      3. 2
    • Q375: When measuring a bullish 3-Drives pattern, you start where?

      1. @ At the start of the initial bearish move to point 1
      2. At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q376: When measuring a bearish 3-Drives pattern, you start where?
      1. At the start of the initial bearish move to point 1
      2. @ At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q377: To get the Fibonacci measurement for point 2 of the 3-Drives pattern, you measure from?
      1. 2 to B
      2. Start to 1
      3. @ 1 to A
    • Q378: To get the Fibonacci measurement for point 3 of the 3-Drives pattern, you measure from?
      1. @ 2 to B
      2. Start to 1
      3. 1 to A
    • Q379: Point A of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 38.2% or 88.6%
      2. 127.2%
      3. @ 61.8%
    • Q380: Point B of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 127.2%
      2. @ 61.8%
      3. 38.2% or 88.6%
    • Q381: Point 2 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. @ 127.2%
      2. 38.2%
      3. 88.6%
    • Q382: Point 3 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 61.8%
      2. @ 127.2%
      3. 113%

    • Q383: What is the most important thing when finding harmonic patterns?
      1. Checking the symmetry
      2. Making sure the swings line up at the right levels
      3. @ Both of the above answers
    • Q384: What is the best tool used to check the symmetry of most harmonic patterns?
      1. @ The triangle tool
      2. The circle tool
      3. The trend line tool
    • Q385: How is the Butterfly pattern similar to other harmonic patterns?
      1. You start measuring from X to A
      2. It has XABCD points
      3. @ Both of the above answers
    • Q386: When measuring the Butterfly pattern, point B should line up at the _______ Fibonacci retracement level
      1. @ 78.6%
      2. 61.8%
      3. 38.2%
    • Q387: When measuring the A to B leg of the Butterfly pattern, point C should line up at the ______ Fibonacci retracement level
      1. 61.8% or 78.6%
      2. @ 38.2% or 88.6%
      3. 127.2% or 161.8%
    • Q388: When measuring the B to C leg of the Butterfly pattern, point D should line up at the ______ Fibonacci level
      1. @ 161.8% or 261.8% extension
      2. 127% or 161.8% extension
      3. 78.6% or 88.6% retracement
    • Q389: Point D of the Butterfly pattern should line up at the?
      1. @ 161.8% or 261.8% extension of B to C and 127.2% or 161.6% extension of X to A
      2. 161.8% or 261.8% extension of B to C
      3. 127.2% or 161.6% extension of X to A
    • Q390: Point D of all harmonic patterns is called the?
      1. Potential Reversal Zone

      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q391: The Butterfly patterns completion point is outside of the structure of the pattern?
      1. @ True
      2. False
      3. Sometimes
    • Q392: What is the difference between the Bat pattern and the Butterfly pattern?
      1. @ The Butterfly completes outside of the structure of the pattern
      2. The Bat pattern completes outside of the structure of the pattern
      3. Both of the above answers
    • Q393: When measuring the Bat pattern, where do we start measuring our first swing with the Fibonacci retracement tool?
      1. From A to B
      2. From B to C
      3. @ From X to A
    • Q394: What does the Bat pattern have in common with the Butterfly and Gartley pattern?
      1. @ They all have XABCD points
      2. They only have ABCD points
      3. None of the above
    • Q395: To find the B point of the pattern, you have to start by measuring from _______ with the Fibonacci retracement tool
      1. @ X to A
      2. A to B
      3. B to C
    • Q396: The B point of the Bat pattern has to complete where?
      1. @ At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. At the 127.2% or 161.8% Fibonacci extension level
    • Q397: The C point of the Bat pattern has to complete where?
      1. At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. @ At the 38.2% or 88.6% Fibonacci retracement level
    • Q398: The D point of the Bat pattern has to complete where?
      1. At the 88.6% of X to A
      2. @ At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
      3. At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
    • Q399: The D point of the Bat pattern has to complete where?
      1. At the 88.6% of X to A
      2. @ At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
      3. At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
    • Q400: Why do we want to use the triangle tool to check the symmetry of the Bat pattern?
      1. To determine the length of time each wing formed over
      2. To determine the quality of the harmonic pattern
      3. @ Both of the above answers
    • Q401: What tool do we use to check the symmetry of the Bat pattern?
      1. @ Triangle tool
      2. Circle tool
      3. Rectangle tool
    • Q402: Which of these harmonic patterns complete outside of the structure of the harmonic pattern?
      1. The Crab pattern
      2. The Butterfly pattern
      3. @ Both of the above answers
    • Q403: What is the difference between the Crab pattern and the Bat pattern?
      1. @ The Bat pattern completes within the structure of the pattern
      2. The Bat pattern has XABCD points
      3. The Bat pattern is used to catch big turn arounds in the market
    • Q404: When measuring the Crab pattern, point D completes between?
      1. 161.8% or 261.8% Fibonacci extension of B to C
      2. @ 224% or 361.8% Fibonacci extension of B to C
      3. 127.2% or 161.8% Fibonacci extension of B to C
    • Q405: When measuring the Crab pattern, point D completes between?
      1. 127% Fibonacci extension of B to C
      2. @ 161.8% Fibonacci extension of X to A
      3. 224% Fibonacci extension of A to B
    • Q406: When you measure from X to A, point B should complete between?
      1. 38.2% or 61.8% Fibonacci retracement of X to A
      2. @ 38.2% or 88.6% Fibonacci retracement of B to C
      3. 50% Fibonacci retracement of X to A
    • Q407: When you measure from A to B, point C should complete between?
      1. 38.2% or 61.8% Fibonacci retracement of X to A
      2. @ 38.2% or 88.6% Fibonacci retracement of A to B
      3. 50% or 88.6% Fibonacci retracement of X to A
    • Q408: When you measure from point B to C, point D should complete between?
      1. @ 224% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      2. 224% or 127.2% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      3. 127.2% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
    • Q409: Point D of a bullish Bat pattern is where we would look to?
      1. @ Buy (set longs)
      2. Sell (short)
      3. Stay out of the market
    • Q410: Point D of a bearish Bat pattern is where we would look to?
      1. Buy (set longs)
      2. @ Sell (short)
      3. Stay out of the market
    • Q411: When checking the symmetry of the Bat pattern, the best tool to use is the?
      1. @ Triangle
      2. Circle
      3. Rectangle
    • Q412: How is the 5-0 pattern different than the Bat, Crab, Butterfly and Gartley?
      1. The pattern has an initial 0-X swing which isn't measured
      2. The pattern has an initial 0-X swing which leads into the setup of the pattern
      3. @ Both of the above answers
    • Q413: When measuring the 5-0 pattern with the Fibonacci retracement tool, where do you start?
      1. @ The X to A swing
      2. The 0 to X swing
      3. The A to B swing
    • Q414: When measuring the 5-0 pattern, point D completes at?
      1. @ 50% Fibonacci retracement of the B to C swing
      2. 161.8% or 224% Fibonacci extension of the A to B swing
      3. 127% or 161.8% Fibonacci extension of the X to A swing
    • Q415: When measuring the initial X to A swing, point B completes at the?

      1. 113% or 127% Fibonacci extension of the X to A swing
      2. 113% or 224% Fibonacci extension of the X to A swing
      3. @ 113% of 161.8% Fibonacci extension of the X to A swing
    • Q416: When measuring the second A to B swing, point C completes at the?
      1. @ 161.8% or 224% Fibonacci extension of the A to B swing
      2. 224% or 361.8% Fibonacci extension of the A to B swing
      3. 78.6% or 88.6% Fibonacci retracement of the X to A swing
    • Q417: At point D of the bullish 5-0 pattern, we should look to?
      1. @ Buy (set longs)
      2. Sell (set shorts)
      3. Stay out of the market
    • Q418: At point D of the bearish 5-0 pattern, we should look to?
      1. Buy (set longs)
      2. @ Sell (set shorts)
      3. Stay out of the market
    • Q419: The D point of the 5-0 is called the?
      1. Potential Reversal Zone (PRZ)
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q420: The 5-0 pattern structure is different than the Crab, Bat and Gartley
      1. @ True
      2. False
      3. Sometimes
    • Q421: Which are the only two harmonic patterns where the second low is lower than the first low?
      1. @ 5-0 pattern & Shark pattern
      2. Bat pattern & Butterfly pattern
      3. Gartley pattern & Crab pattern
    • Q422: The Shark pattern turns into a __________ when price trades back into the 50% Fibonacci retracement after completing?
      1. Gartley pattern
      2. @ 5-0 pattern
      3. Doji
    • Q423: With the Shark pattern, after the initial 0-X swing is complete, the X-A leg needs to complete at what Fibonacci retracement level?
      1. @ None
      2. 38.2%
      3. 50%
    • Q424: Point (C) on the Shark pattern is the _____________ zone of the pattern where the _______________ Fibonacci levels line up?
      1. @ Potential reversal zone/88.6% or 113% of 0-X & 161.8% or 224% of A-B
      2. Buying zone/113% of 0-X & 161.8% of A-B
      3. Selling zone/88.6% of 0-X & 224% of A-B
    • Q425: Symmetry in harmonics tells us?
      1. The length of time each wing of the pattern formed over
      2. The quality & strength of the pattern
      3. @ Both A & B
    • Q426: 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.
      1. False
      2. @ True
      3. Sometimes
    • Q427: The easiest way to look for Shark patterns is by looking at the second low & making sure it is lower than the first low.
      1. False
      2. @ True
      3. Sometimes
    • Q428: The Shark pattern can complete inside or outside the structure of the pattern.
      1. @ True
      2. False
      3. Sometimes

EXPERT

  • Lesson #1: Chart Patterns

    • Q1: A Pennant pattern forms in?
      1. low liquidity
      2. ranging markets
      3. @ trending markets
    • Q2: Where should we place stops when trading the bearish Pin Bar pattern?
      1. above the body of the candle
      2. @ above the high of the Pin Bar
      3. below the body of the candle
    • Q3: How many candles are in a Evening or Morning Star pattern?
      1. 2
      2. @ 3
      3. 5
    • Q4: When trading the Falling or Rising Three pattern when should we move our stops to entry?
      1. once the low/high of the confirmation candle is broken
      2. once price moves two multiple of our initial risk
      3. @ once price moves one multiple of our initial risk
    • Q5: What are the maximum price candles to validate a Pennant pattern?
      1. 21
      2. 27
      3. @ 30
    • Q6: After which low can we consider entering buy stop positions for a Falling Wedge pattern?
      1. @ 3
      2. 4
      3. 5
    • Q7: Where is an alternative entry for the engulfing candle pattern?
      1. 38.2% Fibonacci level
      2. @ 50% Fibonacci level
      3. 61.8% Fibonacci level
    • Q8: When is the most high probability occurrence of the Downside Tasuki Gap?
      1. Tuesday
      2. Thursday
      3. @ Sunday
    • Q9: Is the Downside Tasuki Gap accurate without weekend confirmation gap?
      1. true
      2. @ false
      3. sometimes
    • Q10: Which trend line must be broken to confirm the Bearish Diamond?
      1. the ascending trend line of the upper left quadrant
      2. @ the ascending trend line of the lower right quadrant
      3. the descending trend line of the upper left quadrant
    • Q11: Which of these is a bullish reversal pattern?
      1. Pin Bar
      2. Bearish Pennant
      3. @ Falling Wedge
    • Q12: The Downside Tasuki Gaps only usually occur?
      1. @ after the weekend
      2. on Wednesdays
      3. once a month
    • Q13: The Evening Star is a?
      1. @ bearish reversal pattern
      2. bullish reversal pattern
      3. can be either bullish or bearish
    • Q14: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to range
    • Q15: The Harami Breakout works particularly well
      1. after the weekend
      2. before the weekend
      3. @ before economic data releases
    • Q16: The Morning Star is a?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. can be either bullish or bearish
  • Lesson #2: Economic Data

    • Q1: If a report is colored red on the economic calendar it will?
      1. potentially have little impact
      2. potentially have some impact
      3. @ potentially have high impact
    • Q2: Our economic calendar system tells you?
      1. which way to trade
      2. where to put your stop
      3. @ the potential impact of the data release
    • Q3: If the data release is above the forecast it is?
      1. @ likely to raise the currency
      2. weaken the currency
      3. have little impact
    • Q4: Our economic calendar is best used alongside?
      1. RSI
      2. Moving Averages
      3. @ all indicators
    • Q5: Economic data can be used in what types of trading strategies?
      1. scalping
      2. swing trading
      3. @ any
    • Q6: Economic data is released?
      1. each month
      2. each week
      3. @ each day
    • Q7: With open long trade positions, monitoring economic data can be good to?
      1. @ spot good exit positions
      2. tell when the market is over sold
      3. tell when the market is over bought
    • Q8: What is used to judge the health of an economy?
      1. Strong/Weak tool
      2. @ Economic Data
      3. Indicators
    • Q9: Central banks make decisions based on economic data
      1. @ true
      2. false
      3. sometimes
    • Q10: If a RED economic report comes out much lower than the forecast the currency would?
      1. most likely go up
      2. @ most likely go down
      3. neither A or B
    • Q11: If a green economic report comes out in-line with the forecast the currency would?
      1. most likely go up
      2. @ most likely have little effect
      3. neither A or B
    • Q12: If a yellow economic report comes out way above the forecast the currency would?
      1. @ most likely go up
      2. have no effect on the currency
      3. neither A or B
    • Q13: The major economic data releases you should be looking out for will always be?
      1. @ in red
      2. in green
      3. in yellow
    • Q14: Lots of strong/positive economic data means the Fed will most likely have a?
      1. @ hawkish outlook on the economy & be inclined to raise interest rates
      2. dovish outlook on the economy & be inclined to cut interest rates
      3. neither A or B
    • Q15: Which economic release has the most impact?
      1. GDP
      2. Retail Sales
      3. @ both A & B
    • Q16: The currency aggregate tool is used to?
      1. @ show all the currencies against each other in one graph
      2. show what currencies are strongest only
      3. show what currencies are weakest only
  • Lesson #3: Support & Resistance

    • Q1: If price bounces off a support level multiple times?
      1. @ it becomes weaker
      2. it becomes stronger
      3. it doesn't effect anything
    • Q2: Orders to sell creates?
      1. demand, which create support levels
      2. @ supply, which creates resistance levels
      3. a movement on a chart
    • Q3: Demand is created by a?
      1. @ build-up of buy orders
      2. build-up of sell orders
      3. neither
    • Q4: Support & resistance give us areas we can?
      1. @ buy & sell
      2. areas to target
      3. areas to place our stops
    • Q5: Once price breaks through support?
      1. it means a trend has started
      2. @ if price retests the level it often holds as resistance
      3. neither
    • Q6: If price retests broken resistance we can?
      1. judge that a trend has started
      2. @ look to buy
      3. move our stops
    • Q7: You should look to buy or sell off support or resistance after it has been touched ___ - ___ times?
      1. 1 - 2
      2. @ 2 - 3
      3. 3 - 4
    • Q8: If price is continually testing a support or resistance level it means that level is?
      1. getting stronger
      2. @ getting weaker
      3. a good place to place a trade
    • Q9: We can identify support where?
      1. there are previous highs
      2. @ there are previous lows
      3. price is overbought
    • Q10: If price is in a bullish trend, we can look to buy as?
      1. @ price retests broken prior highs
      2. price retest broken prior lows
      3. price starts moving quickly
    • Q11: If price is in a bearish trend, we can look to sell as?
      1. price retests broken prior highs
      2. @ price retests broken prior lows
      3. price starts moving slowly
    • Q12: A build up of orders to buy is known as?
      1. @ support
      2. resistance
      3. volatility
    • Q13: A build up of orders to sell is known as?
      1. support
      2. @ resistance
      3. leverage
    • Q14: Why is it that the more times a support & resistance level gets tested, the weaker it is becoming?
      1. because volatility is increasing
      2. because stops are being hunted
      3. @ because orders are being eroded
    • Q15: Once support has been broken it acts as resistance & once resistance has been broken it acts as support.
      1. @ true
      2. false
      3. sometimes
    • Q16: What has to happen for price to break support?
      1. news release
      2. increases in volatility
      3. @ sellers outweigh buyers
    • Q17: What has to happen for price to break resistance?
      1. stop hunt
      2. stop and reverse
      3. @ buyers outweigh sellers
  • Lesson #4: Moving Averages

    • Q1: Price is below the 50 and 100 day moving average, when is it a good time to look for a selling opportunity?
      1. @ when the price comes back up to retest the moving averages
      2. when the price breaks through above the moving averages
      3. when the price begins to range above the moving averages
    • Q2: Price is above the 50 & 100 day moving averages, this indicates the market is?
      1. bearish
      2. @ bullish
      3. neither A or B
    • Q3: When the 100 day moving average breaks above and crosses over the 200 day moving average this indicates?
      1. @ possible strong longer term bullish trend
      2. possible strong longer term bearish trend
      3. possible short term bullish trend
    • Q4: Moving averages can help us?
      1. know which direction price is trading in
      2. find an entry to the market
      3. @ both A & B
    • Q5: A shorter term moving average crossing above a longer term moving average indicates that?
      1. price is trending lower
      2. @ price is trending higher
      3. price is stalled
    • Q6: A "Golden Crossover" is when?
      1. the 100 day moving average crosses above the 200 day
      2. the 50 day crosses above the 150 day
      3. @ the 50 day crosses above the 200 day
    • Q7: If the market is stuck in a range we would expect moving averages to be?
      1. turned higher
      2. @ flat
      3. turned lower
    • Q8: Moving average crossovers can be used for?
      1. entering the market
      2. identifying trend direction
      3. @ both A & B
    • Q9: In a bearish trend we would expect the 50 day moving average to be?
      1. above the 100 day moving average
      2. @ below the 100 day moving average
      3. equal to the 100 day moving average
    • Q10: In a bullish trend we would expect the short term moving average to be?
      1. below the longer term moving average
      2. equal to the longer term moving average
      3. @ above the longer term moving average
    • Q11: If price is in a bearish trend and it trades back up to test the moving average we can?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q12: If price breaks above the moving average, this signals that?
      1. a possible bearish trend is starting
      2. @ a possible bullish trend is starting
      3. price is entering a range
    • Q13: In a bullish trend we would expect the moving average to act as?
      1. resistance
      2. @ support
      3. stop loss level
    • Q14: A "Death Cross" is when the?
      1. 100-period moving average crosses below the 200-period moving average
      2. @ 50-period moving average crosses below the 200-period moving average
      3. 20-period moving average crosses below the 100-period moving average
    • Q15: What is one disadvantage of trading moving average crossover to moving average crossover?
      1. trades can take too long
      2. trades are over too quickly
      3. @ trades can often give back too much profit
    • Q16: How can we improve a moving average crossover system?
      1. increase our leverage to make more on each winner
      2. take less trades
      3. @ build in a positive risk:reward system instead of trading crossover to crossover
  • Lesson #5: Relative Strength Index

    • Q1: Using RSI is most effective to?
      1. @ identify oversold and overbought market conditions
      2. identify oversold market conditions
      3. identify overbought market conditions
    • Q2: When price is moving up forming a new high & you are using RSI with divergence, the RSI indicator should?
      1. make a new high
      2. @ make a lower high
      3. neither a or b
    • Q3: Divergence means?
      1. when moves in price are supported by the indicator
      2. @ when moves in price are not supported by the indicator
      3. neither A or B
    • Q4: Fading the RSI means?
      1. @ trading a reversal when the indicator moves into extreme levels
      2. using the indicator to trade a breakout
      3. using the indicator to scalp
    • Q5: If price is moving lower but the RSI indicator is starting to move higher this is known as?
      1. a stop & reverse
      2. @ bullish divergence
      3. bearish divergence
    • Q6: Fading the RSI is most effective in?
      1. trending markets
      2. @ ranging markets
      3. both A & B
    • Q7: If price crosses above the overbought threshold and then back below we should?
      1. @ look to sell
      2. look to buy
      3. stay out of the market
    • Q8: RSI stands for?
      1. Real Strength Index
      2. Relative Strength Indicator
      3. @ Relative Strength Index
    • Q9: The RSI indicator works by?
      1. showing which currency is most popular
      2. @ measuring recent gains against recent losses
      3. neither A or B
    • Q10: If the RSI indicator is above the overbought threshold, it signals that?
      1. price is extended to the downside
      2. @ price is extended to the upside
      3. price is in a range
    • Q11: If the RSI indicator is below the oversold threshold, it signals that?
      1. @ price is extended to the downside
      2. price is extended to the upside
      3. price is in a range
    • Q12: If price is in a bullish trend we should look to enter when?
      1. RSI is overbought
      2. @ RSI is over sold
      3. either A & B
    • Q13: If price is in a bearish trend we should look to enter when?
      1. @ RSI is overbought
      2. RSI is oversold
      3. either A & B
    • Q14: What is one of the issues with using the RSI indicator?
      1. it can tend to give false signals in ranges
      2. @ it can tend to give false signals in trends
      3. none of the above answers
    • Q15: What is one of the ways that we can look to avoid the false signals that RSI gives?
      1. increasing our leverage
      2. @ using divergence
      3. trading in trends only
    • Q16: Fading the RSI indicator works best in?
      1. trending markets
      2. @ ranging markets
      3. either market type
    • Q17: If momentum is overstretched as price is trading higher, RSI will be?
      1. oversold
      2. @ overbought
      3. moving quickly
    • Q18: If momentum is overstretched as price is trading lower, RSI will be?
      1. @ oversold
      2. overbought
      3. moving quickly
    • Q19: The RSI indicator works by?
      1. measuring how popular each currency is over a certain period
      2. @ measuring the extent of gains in a currency
      3. measuring the magnitude of gains against losses over a certain period
  • Lesson #6: Bollinger Bands

    • Q1: When the candlestick closes on the outside of the upper Bollinger Band this is a good chance to?
      1. @ enter a sell trade
      2. enter a buy trade
      3. neither A or B
    • Q2: When the candlestick closes on the outside of the bottom Bollinger Band this is a good chance to?
      1. enter a sell trade
      2. @ enter a buy trade
      3. neither A or B
    • Q3: The best way to use Bollinger Bands is?
      1. look for confluence of Bollinger Bands and Relative Strength Index to confirm your trade idea
      2. look for a bullish W top also known as a double bottom outside the top Bollinger Band
      3. @ look for a bearish M top also known as a double top above the top Bollinger Band or a bearish W bottom also known as a double bottom outside the bottom Bollinger Band
    • Q4: Fading Bollinger Bands mean?
      1. @ trading a reversal from a Bollinger Band
      2. trading a breakout from a Bollinger Band
      3. moving our stops when price moves through the Bollinger Band
    • Q5: If we sell at the upper Bollinger Band, our first target should be?
      1. the lower Bollinger Band
      2. @ 20-period moving average (middle line)
      3. 100 pips
    • Q6: When price trades into the upper Bollinger Band, this means?
      1. @ bullish momentum has faded & price could reverse lower
      2. bearish momentum has faded & price could reverse higher
      3. price is likely going to break out
    • Q7: If Bollinger Bands are wide it means that?
      1. the market is trending
      2. @ price action is volatile
      3. the market is going lower
    • Q8: We should look to play a bearish Bollinger Band breakout when?
      1. price is caught in a range
      2. @ the market has been trending lower then formed a period of consolidation
      3. the market has been trending higher then formed a period of consolidation
    • Q9: When price trades into the lower Bollinger Band, this means?
      1. the market is about to break lower
      2. the market is about to start ranging
      3. @ the market is about to reverse higher
    • Q10: Tight Bollinger bands mean?
      1. momentum is increasing
      2. volatility is increasing
      3. @ volatility is decreasing
    • Q11: If volatility is increasing?
      1. Bollinger Bands will contract
      2. Bollinger Bands will point upward
      3. @ Bollinger Bands will expand
    • Q12: If price trades through the lower Bollinger band then closes back inside it?
      1. we should look to sell
      2. @ we should look to buy
      3. momentum is increasing
    • Q13: If price is consolidating in a trend?
      1. @ we can look to trade a Bollinger Band breakout
      2. we should wait to see which way the range breaks
      3. we should do nothing
    • Q14: What does an M-Top tell us about the market?
      1. that bearish momentum is fading
      2. @ that bullish momentum is fading
      3. that volatility is increasing
    • Q15: If we look to sell when price trades into the upper Bollinger Band, this is known as?
      1. @ the Bollinger Band fade
      2. scalping
      3. trading with the trend
    • Q16: What does a W-Bottom tell us about the market?
      1. that bullish pressure is fading
      2. @ that bearish pressure is fading
      3. that volatility is increasing
    • Q17: If we see an M-Top we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q18: If we see a W-Bottom we should?
      1. sell
      2. @ buy
      3. do nothing
    • Q19: If we buy when price trades into the lower Bollinger Band?
      1. @ this is called a Bollinger Band fade
      2. this is called a Bollinger Band breakout
      3. this is called trading with the trend
  • Lesson #7: MACD

    • Q1: Trading MACD using divergence in a bullish market means when the price is moving higher?
      1. the MACD line is putting in highs
      2. @ the MACD line is moving lower
      3. none of the above answers
    • Q2: Trading MACD using divergence in a bearish market means when the price is moving lower?
      1. @ the MACD line is putting in higher lows
      2. the MACD line is putting in lower lows
      3. none of the above answers
    • Q3: Trading crossovers of the MACD is best during?
      1. @ trending market conditions
      2. choppy market conditions
      3. both A & B
    • Q4: MACD is a bound oscillator
      1. true
      2. @ false
      3. sometimes
    • Q5: What does MACD stand for?
      1. Momentum and Currency Display
      2. Moving Average Convection Display
      3. @ Moving Average Convergence Divergence
    • Q6: MACD shows us?
      1. trend direction
      2. @ trend direction & momentum
      3. momentum
    • Q7: If the MACD was showing us bullish divergence?
      1. @ price would be moving lower as the MACD moves higher
      2. price would be moving higher as the MACD moves lower
      3. price would be moving higher as the MACD moves higher
    • Q8: If the MACD was showing us bearish divergence?
      1. MACD would be moving higher as price moves higher
      2. MACD would be moving lower as price moves lower
      3. @ MACD would be moving lower as price moves higher
    • Q9: A bearish signal would be?
      1. the MACD crossing above the signal line
      2. @ the MACD crossing below the center line
      3. either A or B
    • Q10: A bullish signal would be?
      1. the MACD crossing above the centre line
      2. the MACD crossing above the signal line
      3. @ either A or B
    • Q11: If price is trending higher and the MACD line is moving higher?
      1. @ this shows that the trend is strong and likely to continue
      2. this shows that the trend is weakening
      3. this shows that bearish pressure is building
    • Q12: If price is trending lower and the MACD line is moving lower?
      1. @ this shows that the trend is strong and likely to continue
      2. this shows that the trend is weakening
      3. this shows that bullish pressure is building
    • Q13: If you increase the MACD settings?
      1. @ it will be less sensitive to price
      2. it will be more sensitive to price
      3. it will make no difference
    • Q14: If you decrease the MACD settings?
      1. @ it will be more sensitive to price
      2. it will be less sensitive to price
      3. it will make no difference
  • Lesson #8: Fibonacci

    • Q1: What does a Fibonacci confluence mean?
      1. a Fibonacci retracement level lines up with another indicator
      2. @ a Fibonacci level to line up with another Fibonacci level from the measurement of a different swing
      3. neither A or B
    • Q2: Fibonacci works best in what market conditions?
      1. @ trending
      2. ranging
      3. both A & B
    • Q3: Can you use Fibonacci retracements and extensions with other indicators?
      1. @ yes
      2. no
      3. only certain indicators
    • Q4: For a bullish price swing we apply our Fibonacci retracement from?
      1. top to bottom
      2. @ bottom to top
      3. both A & B
    • Q5: Which of these are key Fibonacci retracement levels?
      1. @ 50% & 78.6% (or 76.4%(
      2. 30% & 70%
      3. 25% & 75%
    • Q6: If we want to find projected levels that could be reversal points we should use?
      1. @ Fibonacci extension
      2. Fibonacci retracement
      3. both A & B
    • Q7: Fibonacci retracement levels in a bullish swing act as?
      1. @ support
      2. resistance
      3. both A & B
    • Q8: Fibonacci retracement levels in a bearish swing act as?
      1. @ resistance
      2. support
      3. either
    • Q9: Which of these are key Fibonacci extension levels?
      1. 150% & 170%
      2. 110%
      3. @ 127%
    • Q10: Fibonacci level confluence is where?
      1. @ Fibonacci levels of different swings line up
      2. Fibonacci levels line up with trend lines
      3. Fibonacci lines up with support and resistance
    • Q11: If price trades into Fibonacci resistance we should?
      1. @ look to sell
      2. look to buy
      3. stay out of the market
    • Q12: If price trades into Fibonacci support we should?
      1. look to sell
      2. @ look to buy
      3. stay out of the market
    • Q13: To identify the best Fibonacci levels to trade at we can?
      1. identify confluence with other technical elements
      2. identify confluence with other Fibonacci levels
      3. @ both A & B
    • Q14: If the 127% Fibonacci extension lines up with the 50% Fibonacci extension, this is an example of?
      1. technical momentum
      2. Fibonacci projection
      3. @ Fibonacci confluence
    • Q15: If price is in a bearish trend we should look to?
      1. @ sell Fibonacci resistance
      2. buy Fibonacci support
      3. both A & B
    • Q16: If price is in a bullish trend we should look to?
      1. @ buy Fibonacci support
      2. sell Fibonacci resistance
      3. neither A or B
  • Lesson #9: Scalping

    • Q1: Scalpers aim for a profit target of?
      1. 5-30 pips
      2. 30-50 pips
      3. @ 2-20 pips
    • Q2: What type of trading method is acceptable for scalping?
      1. Trading break outs
      2. Trading reversals
      3. @ Both
    • Q3: Scalpers use more leverage because?
      1. They take advantage of short price action
      2. They want to make more money in a short period of time
      3. @ Both
    • Q4: What charts do Scalpers usually look for entries?
      1. Higher time frames than H1
      2. @ Lower time frames than H1
      3. Both
    • Q5: What money management scenarios are acceptable?
      1. 2:1 RvR
      2. 3:1 RvR
      3. @ Both
    • Q6: What kind of trader would be good at Scalping?
      1. A trader who likes to set positions and leave
      2. @ A trader who likes to study the market
      3. A trader who likes to gamble
    • Q7: What does candlestick confirmation give us?
      1. Another layer of safety
      2. A precise place to enter
      3. @ Both
    • Q8: What specific strategies did we learn in this session?
      1. Scalping breakouts
      2. Scalping Fibonacci levels
      3. @ Both, and support & resistance levels
    • Q9: Do Scalpers just chase the market?
      1. @ No, they stick to a specific criteria that they have demo traded
      2. Yes, they have to act fast so they jump in without thinking
      3. Sometimes, if you feel like it's a good idea
    • Q10: What market type does Scalping work best in?
      1. Ranging Markets
      2. @ Trending Markets
      3. Channels
    • Q11: Once price makes a big move...
      1. Corrections never happen
      2. It can go forever
      3. @ This is a great way to scalp corrections
    • Q12: Confluence is?
      1. Combining Harmonics, Candlesticks, Support & Resistance Levels, Fibonacci Levels
      2. Combining Trend lines, Economic Data, New Releases and Investor Risk Appetite
      3. @ Combining all of the above
    • Q13: The best traders use _________ to take a trade.
      1. Confluence
      2. Moving Averages
      3. MACD
    • Q14: When a detective builds a case, they gather lots of evidence before they make a decision. In trading, what is this called?
      1. @ Confluence, building the best case to take a trade
      2. Supply
      3. Risk vs Reward
    • Q15: Whats the most important thing in trading?
      1. Risk Management & Money Management
      2. Position Sizing
      3. @ All of the above
  • Lesson #10: Parabolic SAR

    • Q1: The Parabolic SAR indicator can be a great indicator to?
      1. @ set trailing stop losses
      2. determine momentum
      3. neither A or B
    • Q2: Using Parabolic SAR indicator can?
      1. @ help traders stay in the market longer
      2. help traders know when the market is over sold
      3. help traders know when the market is over bought
    • Q3: Using Parabolic SAR with other indicators can?
      1. @ increase the chances of making the right choice
      2. decrease the chances of making the right choice
      3. neither A or B
    • Q4: If price is in a bullish trend we would expect the Parabolic SAR dots to be?
      1. @ below price
      2. above price
      3. getting bigger
    • Q5: If price is in a bearish trend we would expect the Parabolic SAR dots to be?
      1. @ above price
      2. below price
      3. getting smaller
    • Q6: If price reverses higher through the dots & we set a long trade, our stop losses will be?
      1. below the last key low
      2. at the dots under price
      3. @ either A or B
    • Q7: If price reverses lower through the dots & we set a short trade, our stops will be?
      1. above the last key high
      2. at the dots above price
      3. @ either A or B
    • Q8: The parabolic SAR indicator highlights?
      1. @ a potential shift in momentum
      2. a potential shift in volatility
      3. the most popular currency to trade
    • Q9: If we were in a bullish trade & price reversed through the lower dots we would?
      1. @ close the trade
      2. add to the trade
      3. either A or B
    • Q10: If we were in a bearish trade & price reversed through the upper dots we would?
      1. @ close the trade
      2. add to the trade
      3. either A or B
    • Q11: The parabolic SAR indicator is a great tool for helping us?
      1. find the best place to enter a trade
      2. find a good location for our stop loss
      3. @ both A & B
    • Q12: The parabolic SAR indicator is a great tool for helping us?
      1. trail our stops
      2. find reversals in momentum
      3. @ both A & B
    • Q13: If we are in a bullish trade we can use the lower dots to?
      1. add to our trade
      2. @ trail our stops losses
      3. neither A or B
    • Q14: If we were looking to buy, we would want to see price?
      1. @ break above the upper dots
      2. with dots beneath it
      3. both A & B
  • Lesson #11: Pivot Points

    • Q1: The pivot can be thought of as?
      1. a target
      2. where momentum is oversold
      3. @ a neutral line for price
    • Q2: How many resistance levels are there?
      1. 4
      2. 2
      3. @ 3
    • Q3: The support levels can be used as?
      1. @ a good place to buy
      2. a stop loss level
      3. a target
    • Q4: If price has crossed below the pivot?
      1. price is classed as neutral
      2. price is classed as bullish
      3. @ price is classed as bearish
    • Q5: Pivot Points tell us where?
      1. momentum is overbought/oversold
      2. moving averages have crossed over
      3. @ support and resistance is likely to be
    • Q6: If we sell at R1 we could place our stop?
      1. 100 pips away
      2. above R3
      3. @ above R2
    • Q7: If we buy at S1 which level is our first target?
      1. R1
      2. R3
      3. @ the pivot line
    • Q8: In a ranging market we should look to trade pivot levels that?
      1. are above the highs & lows of the range
      2. inside the highs & lows of the range
      3. @ line up with the highs & lows of the range
    • Q9: If price retests a broken pivot level we can?
      1. stay out of the market
      2. wait to see where price goes
      3. @ use it as an entry point
    • Q10: If price breaks down through the S1, we can look to?
      1. @ sell if it retests S1
      2. buy as price breaks S1
      3. buy as price breaks R1
    • Q11: If price breaks above R1 we can look to?
      1. @ buy if it retests R1
      2. sell as price breaks R1
      3. sell as price tests S1
    • Q12: If we sell at R1, our first target will be?
      1. the S1 level
      2. @ the pivot line
      3. the S2 level
    • Q13: If we sell at R3, our first target will be?
      1. the S2 level
      2. @ the R2 level
      3. the pivot line
    • Q14: If we buy at the pivot, our first target will be?
      1. the S1 level
      2. @ the R1 level
      3. the R3 level
    • Q15: Pivots are only useful in?
      1. ranging markets
      2. trending markets
      3. @ both A & B
    • Q16: Price is bullish if it is?
      1. @ above the pivot Line
      2. below the pivot Line
      3. neither A or B
    • Q17: Price is bearish if it is?
      1. @ below the pivot line
      2. above the pivot line
      3. neither A or B
    • Q18: Pivot points can be used with other indicators
      1. @ true
      2. false
      3. only Relative Strength Index
    • Q19: Which of these is a great way to use pivot points?
      1. with increased leverage
      2. @ with multi-time frame analysis
      3. at the open of the market
  • Lesson #12: McGinley Dynamic Indicator

    • Q1: The McGinley Dynamic Indicator is similar to which other indicator?
      1. RSI
      2. Stochastics
      3. @ Moving Averages
    • Q2: The McGinley Dynamic Indicator tracks price?
      1. @ closely
      2. poorly
      3. not at all
    • Q3: If price crosses above the McGinley Dynamic Indicator it means that?
      1. @ the market is bullish
      2. the market is bearish
      3. the market is flat
    • Q4: The McGinley Dynamic Indicator can be used to?
      1. identify trend direction
      2. enter trades
      3. @ both A & B
    • Q5: The signal candle refers to?
      1. the biggest candle on the chart
      2. the smallest candle on the chart
      3. @ the candle that crosses and closes beyond the indicator line
    • Q6: Playing the break of the signal candle helps us?
      1. make more money
      2. use a tighter stop
      3. @ avoid false signals
    • Q7: On a long (buy) trade our stop loss could go?
      1. above the signal candle high
      2. half way down the signal candle
      3. @ below the low of the signal candle
    • Q8: If RSI is oversold and price crosses above the McGinley Dynamic Indicator line, we should?
      1. stay out of the market
      2. move our stops
      3. @ enter a buy (long) trade
    • Q9: If price is above the McGinley Dynamic Indicator line and RSI is oversold we should?
      1. enter a sell trade
      2. @ enter a buy trade
      3. close any open trades
    • Q10: If price retraced into the 50% Fibonacci retracement while the McGinley Dynamic Indicator signal candle just closed below the McGinley Dynamic Indicator line we should look to?
      1. @ enter a sell trade
      2. enter a buy trade
      3. neither A or B
    • Q11: If price is below its weekly Pivot Point and its hourly Pivot Point and a signal candle just closed above the McGinley Dynamic Indicator line we should look to?
      1. enter a sell trade
      2. enter a buy trade
      3. @ wait & watch the market
    • Q12: If RSI is overbought and price crosses below the McGinley Dynamic Indicator line we should?
      1. @ enter a sell trade
      2. enter a buy trade
      3. wait & watch the market
    • Q13: If the MACD signal line crosses above the zero line and the McGinley Dynamic Indicator signal candle closes above the McGinley Dynamic Indicator line, we should?
      1. @ enter a buy trade
      2. enter a sell trade
      3. wait & watch the market
    • Q14: Lining up the McGinley Dynamic Indicator with chart patterns, Fibonacci levels and other technical indicators is called?
      1. @ confluence
      2. a bad idea
      3. a bullish trend
  • Lesson #13: Strong Weak

    • Q1: The rising and falling blue bars show you?
      1. @ how strong or weak a currency is
      2. how popular a currency is
      3. how much a currency is expected to move
    • Q2: The index box shows you?
      1. which currency pairs to avoid
      2. which currency pairs are most popular
      3. @ which currency pair you should trade
    • Q3: The aggregate graph shows you?
      1. only one currency at a time
      2. what price each currency is trading at
      3. @ how each currency is performing across all four timeframes
    • Q4: To find a trending currency that has retraced traders should?
      1. look for a currency that is strong on higher and lower time frames
      2. weak on higher & lower timeframes
      3. @ strong on higher timeframes but weak on lower timeframes
    • Q5: To find a ranging currency pair traders should look for?
      1. the blue bars to be dramatically opposite
      2. @ the blue bars to be the same in strength
      3. impossible to know from the Strong/Weak indicator
    • Q6: If the blue bars are rising this means the currency is?
      1. @ strengthening
      2. weakening
      3. ranging
    • Q7: If the blue bars are falling this means that the currency is?
      1. strengthening
      2. @ weakening
      3. ranging
    • Q8: To view currency strength across all four time frames you should look at the?
      1. index box
      2. @ aggregate graph
      3. the blue bars
    • Q9: If two currencies are neither rising or falling we would expect their currency pair
      1. to be in a bullish trend
      2. @ to be ranging
      3. to be in a bearish trend
    • Q10: If CAD is strong on the higher timeframes but weaker on the lower time frames this shows?
      1. a breakout
      2. @ a pullback in a trend
      3. a ranging market
    • Q11: The strong/weak app can be used?
      1. as a directional guide
      2. as an entry tool
      3. @ both A & B
    • Q12: If CAD is strong and JPY is weak, CAD/JPY would be?
      1. ranging
      2. @ trending higher
      3. trending lower
    • Q13: A strong currency and a weak currency would produce a?
      1. range
      2. @ bullish trend
      3. bearish trend
    • Q14: A weak currency and a strong currency would produce a
      1. range
      2. @ bearish trend
      3. bullish trend
    • Q15: The Strong/Weak indicator can help you save?
      1. @ time
      2. money
      3. neither A or B
  • Lesson #14: Trading Criteria

    • Q1: Confluence is the art of?
      1. Using technical analysis
      2. @ Combining technical analysis with economic analysis
      3. Using multiple indicators
    • Q2: When entering or exiting a trade, what is the most important thing to look for?
      1. @ Confluence
      2. Oscillator confirmation
      3. Moving averages
    • Q3: What are oscillators good for?
      1. To add an extra layer of confirmation to your trade
      2. To show when price is overbought or oversold
      3. @ All of the above
    • Q4: Candlestick confirmation can help...
      1. Prevent from entering into the market too early
      2. Prevent from entering into the market too late
      3. @ All of the above
    • Q5: A great method a lot of traders use to set their profit targets is?
      1. Targeting the 20-period moving average
      2. Targeting the middle Bollinger Band
      3. @ All of the above
    • Q6: What do markets respect more than anything?
      1. @ Supply & Demand levels
      2. Harmonics
      3. Chart Patterns
    • Q7: Which trade would be the best out of these three?
      1. Price is at the PRZ of a harmonic pattern at a major supply/demand level
      2. Price is showing a Doji candlestick pattern at the outer Bollinger Band
      3. @ Both of the above combined
    • Q8: Being right, but being early, is the same thing as...
      1. @ Being wrong
      2. Being right
      3. None of the above
    • Q9: Trading before major economic data releases is?
      1. @ Risky
      2. The best way to trade
      3. Great because of volatility
    • Q10: Your first profit target should always be within?
      1. @ 50 pips
      2. 35 pips
      3. 15 pips
    • Q11: What RvR scenario is acceptable?
      1. 2-to-1
      2. 3-to-1
      3. @ All of the above
    • Q12: What RvR scenario is not acceptable?
      1. 1-to-1
      2. 1-to-2
      3. @ Anything less than 2-to-1
    • Q13: Why is it important for your stop loss to be strategically placed?
      1. Because your trade setup should be favorable to your stop loss size based upon your technical analysis
      2. Because you should always go a minimum of 2-to-1
      3. @ All of the above
    • Q14: Using confluence with stop losses is just as important as your take profits?
      1. @ True
      2. False
      3. Sometimes
    • Q15: Why is confluence so important?
      1. @ Because it can show you areas/times where price will have a hard time breaking through or reverse
      2. It's only important for entering the market, not exiting
      3. None of the above
  • Lesson #15: Expert Final Exam

    • Q1: What days can you trade the Forex market and make money?
      1. 7 days a week
      2. @ 5 days a week
      3. 6 1/2 hours a day
    • Q2: When trading Forex you can profit from?
      1. crashing markets
      2. prospering markets
      3. @ A & B
    • Q3: Where can you trade Forex from?
      1. United States
      2. Europe
      3. @ Anywhere in the World
    • Q4: What tradable market is the largest and most liquid?
      1. stocks
      2. commodities
      3. @ foreign exchange
    • Q5: You can trade Forex from a?
      1. computer
      2. mobile phone or tablet
      3. @ A & B
    • Q6: Trading Foreign Exchange is the?
      1. @ swapping of two currencies
      2. sending a package across seas
      3. trading products
    • Q7: Forex gives you the freedom to?
      1. set your own schedule
      2. afford the finer things in life
      3. @ both A & B
    • Q8: When the Forex market is open, how many hours a day can you trade?
      1. 5 hours
      2. 8 hours
      3. @ 24 hours a day
    • Q9: Trading equities is most risky during times of?
      1. @ economic uncertainty
      2. economic certainty
      3. neither A or B
    • Q10: Simulation currency is good for?
      1. using to get prizes
      2. turn into real cash
      3. @ testing & developing a profitable trading strategy
    • Q11: Should you treat simulation currency like its real money?
      1. @ yes
      2. no
      3. sometimes
    • Q12: Can you trade demo without having any money?
      1. @ yes
      2. no
      3. sometimes
    • Q13: When demo trading you should?
      1. trade with the biggest size possible to see how much you could make live
      2. @ trade exactly how you would live to get a realistic experience
      3. take any trades you feel like taking
    • Q14: Demo trading allows you to?
      1. test the platform out
      2. test your strategy out
      3. @ both
    • Q15: When you demo trade it is important to?
      1. @ test your strategy and the platform thoroughly
      2. trade as much as possible
      3. place the biggest trades you can
    • Q16: You should use demo trading to?
      1. perfect your trading strategy
      2. understand different market types
      3. @ both A and B
    • Q17: Demo trading is unique because it allows you to?
      1. become an expert before investing a single dollar
      2. learn what to do and what not to do in the market
      3. @ both A & B
    • Q18: The best traders in the world?
      1. jump into the market blind with real money
      2. practice trading demo for an hour a day
      3. @ practice trading demo until they perfect their strategy
    • Q19: When trading a currency pair, the first currency in the pair is?
      1. @ the currency you are buying or selling
      2. the secondary currency
      3. the only currency to focus on
    • Q20: 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. 1/10
      2. @ 1/100
      3. 1/1,000
    • Q21: A pip stands for?
      1. percentage interest point
      2. price interest percentage
      3. @ price interest point
    • Q22: In the pair EUR/USD, which is the base currency?
      1. @ EUR
      2. USD
      3. neither
    • Q23: The term hawkish means?
      1. @ the central bank is inclined to raise rates
      2. the central bank is inclined to cut rates
      3. the central back is not optimistic
    • Q24: The term dovish means?
      1. the central bank is inclined to raise rates
      2. @ the central bank is inclined to cut rates
      3. the central bank is optimistic
    • Q25: If prices changes from 1.4902 to 1.4904 it has moved to the upside by?
      1. 105 pips
      2. @ 2 pips
      3. 5 pips
    • Q26: The central bank is inclined to raise rates if they are?
      1. dovish
      2. @ hawkish
      3. bearish
    • Q27: The central bank is inclined to cut rates if they are?
      1. @ dovish
      2. hawkish
      3. bullish
    • Q28: The Japanese Yen is closer to?
      1. @ 1/100 of the major currency pairs
      2. 1/1000 of the major currency pairs
      3. 1/1000 of the major currency pairs
    • Q29: A pip represents?
      1. .001 in most currency pairs
      2. .01 in most currency pairs
      3. @ .0001 in most currency pairs
    • Q30: In pairs with the JPY a pip is?
      1. @ .01
      2. .001
      3. .0001
    • Q31: Which is the quote currency in the pair EUR/USD?
      1. EUR
      2. @ USD
      3. neither A or B
    • Q32: A candlestick shows the ?
      1. @ open, high, low & close
      2. high & low
      3. open & close
    • Q33: A line chart shows?
      1. the opening prices
      2. the high prices
      3. @ the closing prices
    • Q34: The term bullish refers to?
      1. downward market
      2. @ upward market
      3. flat market
    • Q35: If price is trending lower this is an example of a?
      1. a bullish market
      2. @ a bearish market
      3. a ranging market
    • Q36: If price is trending higher this is an example of a?
      1. @ a bullish market
      2. a bearish market
      3. a ranging market
    • Q37: The chart which shows us closing prices only, is a?
      1. bar chart
      2. @ line chart
      3. candlestick chart
    • Q38: The chart which shows us open high low and close is?
      1. candlestick
      2. bar
      3. @ both
    • Q39: If a candle is red this means that?
      1. @ price went lower over that session
      2. price went higher over that session
    • Q40: If a candle is green this means that?
      1. price went lower over that session
      2. @ price went higher over that session
    • Q41: A bullish candle would be typically which color?
      1. @ green
      2. red
      3. white
    • Q42: A bearish candle would be typically which color?
      1. green
      2. @ red
      3. black
    • Q43: Which color are candles on a line chart?
      1. red
      2. green
      3. @ there are no candles on a line chart
    • Q44: Which four things do candlesticks tell us about a session?
      1. momentum, volatility, direction, popularity
      2. low, high, middle, open
      3. @ open, high, low, close
    • Q45: What are the two market types?
      1. fast and slow
      2. up and down
      3. @ trending & ranging
    • Q46: If price is moving with higher highs and higher lows it is a?
      1. bearish trend
      2. @ bullish trend
      3. range
    • Q47: If price is putting lower lows and lower highs this is a?
      1. @ bearish trend
      2. bullish trend
      3. range
    • Q48: A ranging market is where?
      1. price is moving higher
      2. price is moving lower
      3. @ price is stuck & not moving higher or lower
    • Q49: A range always has a?
      1. support level
      2. resistance level
      3. @ both A & B
    • Q50: If price is rotating between high and lows this is a?
      1. bearish trend
      2. bullish trend
      3. @ range
    • Q51: The market switches between which two states?
      1. volatility and momentum
      2. @ trend and range
      3. bullish and bearish
    • Q52: What type of markets is it best to know how to trade?
      1. trending markets
      2. ranging markets
      3. @ both
    • Q53: Why is it important to be able to recognize different market types?
      1. so you know how to trade them
      2. so you can trade around the clock
      3. @ both A & B
    • Q54: When would you guess the U.S. dollar is typically trending?
      1. @ when news is being released in the morning
      2. when you are sleeping at night
      3. in the middle of the afternoon
    • Q55: The level at which you automatically exit the trade at a loss is?
      1. a take profit
      2. @ a stop loss
      3. a resistance level
    • Q56: Traders should always look to achieve?
      1. @ positive risk:reward
      2. negative risk:reward
      3. highest leverage possible
    • Q57: To lock in profits we can?
      1. increase our leverage
      2. add to our trade
      3. @ trail stop losses
    • Q58: A take profit allows you to?
      1. @ determine your risk:reward on a trade
      2. make as much money as possible
      3. cash out from your broker
    • Q59: Placing a stop loss allows you to?
      1. control and determine your risk
      2. size your trade correctly
      3. @ both
    • Q60: A trailing stop loss functions by?
      1. @ closing your trade automatically at an adjusted amount based on profit
      2. closing your trade automatically at your preset risk level
      3. closing your trade automatically when you are profitable
    • Q61: A take profit functions by?
      1. closing your trade automatically when you are profitable
      2. closing your trade automatically at your preset risk level
      3. @ closing your trade automatically when your goal is reached
    • Q62: A stop loss functions by?
      1. closing your trade automatically when your profit goal is reached
      2. closing your trade automatically when you are profitable
      3. @ closing your trade automatically at your preset risk level
    • Q63: If price is moving too strongly in one direction, momentum indicators tell us?
      1. which direction price is moving
      2. @ at which point price is vulnerable to a reversal
      3. neither A or B
    • Q64: How can indicators be helpful?
      1. they tell you the future
      2. @ they help predict the next movement of price
      3. they guarantee profit
    • Q65: What do indicators do?
      1. focus on trend direction only
      2. focus on momentum only
      3. @ focus on trend direction and momentum
    • Q66: What are indicators?
      1. @ a guide
      2. a type of graph
    • Q67: Momentum indicators look at when the market is?
      1. @ too stretched and likely to snap back
      2. trend direction
      3. both
    • Q68: If price is above its moving average it is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q69: The Relative Strength Index looks at?
      1. trend direction
      2. @ momentum
      3. neither A or B
    • Q70: MACD looks at?
      1. @ trend direction
      2. when the market is over sold
      3. when the market is over bought
    • Q71: Indicators are used to?
      1. increase our leverage
      2. tell the future
      3. @ reduce our risk
    • Q72: What type of market bounces off support & resistance levels?
      1. trending markets
      2. @ ranging markets
      3. neither A or B
    • Q73: Can support and resistance levels tell you the future?
      1. yes
      2. @ no
      3. sometimes
    • Q74: Do past support and resistance levels tend to repeat themselves?
      1. @ yes
      2. no
      3. quite frequently
    • Q75: 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?
      1. @ at least twice
      2. at least once
      3. at least six times
    • Q76: Past lows form?
      1. resistance
      2. @ support
      3. a range
    • Q77: Past highs form?
      1. @ resistance
      2. support
      3. a range
    • Q78: Resistance is a good level to?
      1. @ sell
      2. buy
      3. look at another price chart
    • Q79: Support is a good level to?
      1. sell
      2. @ buy
      3. look at another price chart
    • Q80: When price is bouncing off support & resistance it is?
      1. @ ranging
      2. trending
      3. neither A or B
    • Q81: If price bounces twice off support you should look to?
      1. do nothing
      2. sell
      3. @ buy
    • Q82: If price bounces twice off resistance we should look to?
      1. @ sell
      2. buy
      3. do nothing
    • Q83: What is a Market Execution order?
      1. @ an order that is placed immediately
      2. an order that is executed when price reaches a higher level than current
      3. an order that is executed when price reaches a lower level than current
    • Q84: What is a Sell Limit order?
      1. @ an order that is placed when price reaches a higher level
      2. an order that is placed with price reaches a lower level
      3. an order that is executed immediately
    • Q85: What is a Buy Stop order?
      1. @ an order that is executed when price trades above the current market price
      2. an order that is executed when price trades below the current price
      3. an order that is executed immediately
    • Q86: What is a Sell Stop order?
      1. an order that is placed when price reaches a higher level than current
      2. @ an order that is placed when price reaches a lower level than current
      3. an order that is executed immediately
    • Q87: What is a Buy Limit order?
      1. @ an order that is placed when price reaches a lower level than current
      2. an order that is placed when prices reaches a higher level than current
      3. an order that is executed immediately
    • Q88: When you place a Buy Stop order you are expecting price to?
      1. @ keep going higher
      2. reverse lower
      3. neither A or B
    • Q89: When you place a Sell Stop order you are expecting price to?
      1. keep going higher
      2. @ keep going lower
      3. reverse
    • Q90: When you place a Buy Limit order you are expecting price to?
      1. @ reverse higher after reaching a lower level
      2. reverse lower after reaching a higher level
      3. neither A or B
    • Q91: When you place a Sell Limit order you are expecting price to?
      1. @ reverse lower after reaching a higher level
      2. reverse higher after reaching a lower level
      3. keep going lower after reaching a lower level
    • Q92: Trend lines can be?
      1. bullish
      2. bearish
      3. @ both A & B
    • Q93: What is a bullish trend?
      1. @ a trend going up
      2. a trend going down
      3. a trend going sideways
    • Q94: What is a bearish trend?
      1. a trend going up
      2. @ a trend going down
      3. a trend going sideways
    • Q95: Always trade in the direction of the trend?
      1. @ true
      2. false
      3. sometimes
    • Q96: We can look to buy at a?
      1. @ rising trend line
      2. falling trend line
      3. neither A or B
    • Q97: We can look to sell at a?
      1. rising trend line
      2. @ falling trend line
      3. neither A or B
    • Q98: Connecting higher lows gives us a?
      1. @ rising trend line
      2. falling trend line
      3. ranging market
    • Q99: You can add trend lines to your price chart by using the trend line tool
      1. @ true
      2. false
      3. sometimes
    • Q100: Trend lines are a simple way of determining the trend
      1. false
      2. @ true
      3. sometimes
    • Q101: Trend lines tell us when the market is oversold of underbought
      1. true
      2. @ false
      3. sometimes
    • Q102: What does the Pin Bar pattern represent?
      1. a breakout
      2. @ a reversal
      3. a continuation
    • Q103: What is a bullish Engulfing pattern?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. neutral pattern
    • Q104: What does Harami mean?
      1. pin bar
      2. engulfing candle
      3. @ inside bar
    • Q105: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to consolidate
    • Q106: A bearish Pin Bar suggests?
      1. @ price reversing lower
      2. price reversing higher
      3. price is going to range
    • Q107: The inside bar is also know as the?
      1. outside bar
      2. @ Harami pattern
      3. the Engulfing pattern
    • Q108: The Engulfing pattern consists of?
      1. 3 candles
      2. @ 2 candles
      3. 4 candles
    • Q109: The Doji pattern is a?
      1. bullish pattern
      2. bearish pattern
      3. @ both A & B
    • Q110: The Pin Bar is also known as?
      1. @ the Pinocchio Bar
      2. the Evening Star
      3. the Morning Star
    • Q111: Moving averages tell us?
      1. @ what the average price has been over a certain time period
      2. when the market is over sold
      3. when the market is over bought
    • Q112: If the price is above its average this tells us?
      1. @ the price is strong
      2. the price is weak
      3. neither A or B
    • Q113: If the price is below its average this tells us?
      1. the price is strong
      2. @ the price is weak
      3. neither A or B
    • Q114: If price is below the moving average we should?
      1. @ look to sell
      2. look to buy
      3. neither
    • Q115: If price is above the moving average we should?
      1. look to sell
      2. @ look to buy
      3. neither
    • Q116: Moving averages help us?
      1. identify volatility
      2. identify momentum
      3. @ identify trend direction
    • Q117: Does the moving average tool automatically update itself?
      1. @ yes
      2. no
      3. sometimes
    • Q118: We can use moving averages to assess whether we should be buying or selling
      1. @ true
      2. false
      3. sometimes
    • Q119: Moving averages are?
      1. the most commonly used indicator
      2. the first indicator most traders get to grips with
      3. @ both A and B
    • Q120: When the price action hits the top Bollinger Band what does this typically mean?
      1. @ the currency is overbought
      2. the currency is oversold
      3. neither A or B
    • Q121: When the price action hits the bottom Bollinger Band what does this typically mean?
      1. the currency is overbought
      2. @ the currency is oversold
      3. neither A or B
    • Q122: If the market is very volatile than the Bollinger Bands will be?
      1. close together
      2. @ far apart
      3. neither A or B
    • Q123: If the market is not volatile than the Bollinger Bands will be?
      1. @ close together
      2. far apart
      3. neither a or b
    • Q124: Bollinger Bands are used to us tell when price is?
      1. currently overbought
      2. currently oversold
      3. @ both A & B
    • Q125: Bollinger Bands use how many lines?
      1. 1
      2. 2
      3. @ 3
    • Q126: The line through the middle of the Bollinger Bands is typically a?
      1. @ 20-period moving average
      2. 30-period moving average
      3. 15-period moving average
    • Q127: Fading is a technique used?
      1. @ buy or sell at extreme levels
      2. place stop losses or take profits
      3. neither A or B
    • Q128: Bollinger Bands are considered a?
      1. @ technical indicator
      2. resistance level
      3. support level
    • Q129: When the price is above the MACD center line, this means the price is?
      1. @ bullish
      2. bearish
      3. neither A or B
    • Q130: When the price is below the MACD center line, this means the price is?
      1. bullish
      2. @ bearish
      3. neither A or B
    • Q131: The MACD indicator is used to determine?
      1. @ the direction of momentum in the market
      2. when the currency is over bought
      3. when the currency is over sold
    • Q132: MACD stands for?
      1. moving average concept display
      2. moving average critical direction
      3. @ moving average convergence divergence
    • Q133: MACD crossing above the centre line is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q134: MACD crossing below the centre line is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q135: When MACD crosses above the centre line we should?
      1. @ look to buy
      2. look to sell
      3. do nothing
    • Q136: When MACD crosses below the centre line we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q137: MACD looks at?
      1. volatility
      2. momentum
      3. @ momentum and direction
    • Q138: When trading using Relative Strength Index, when price touches the lower threshold, what will it most likely do?
      1. @ correct back upwards
      2. correct back downwards
      3. go sideways
    • Q139: When trading using Relative Strength Index, when the price touches the upper threshold, what will it most likely do?
      1. correct back upwards
      2. @ correct back downwards
      3. go sideways
    • Q140: The Relative Strength Index tells us when?
      1. the market is overheating and needs to cool down (price goes down)
      2. the market is getting to cold and needs to warm up (price goes up)
      3. @ both A & B
    • Q141: If price is moving strongly lower, the RSI indicator will be?
      1. moving higher
      2. @ moving lower
      3. not moving at all
    • Q142: If price is moving strongly higher, the RSI indicator will be?
      1. @ moving higher
      2. moving lower
      3. not moving at all
    • Q143: If the RSI indicator is in overbought territory, price is likely to?
      1. reverse higher
      2. @ reverse lower
      3. start ranging
    • Q144: If the RSI indicator is in oversold territory, price is likely to?
      1. reverse lower
      2. @ reverse higher
      3. start ranging
    • Q145: The default upper threshold on the RSI indicator is set at?
      1. @ 70
      2. 30
      3. 90
    • Q146: The default lower threshold on the RSI indicator is set at?
      1. 20
      2. @ 30
      3. 50
    • Q147: When the Parabolic SAR indicators dots are above the price this means?
      1. @ the price action is in a downtrend
      2. the price action is in a uptrend
      3. the price action is moving sideways
    • Q148: When the Parabolic SAR indicators dots are below the price this means?
      1. the price action is in a downtrend
      2. @ the price action is in a uptrend
      3. the price action is moving sideways
    • Q149: Parabolic SAR indicator is especially good at?
      1. @ catching big reversals
      2. determining when the currency is over bought
      3. determining when the currency is over sold
    • Q150: If price is in a bullish trend, the Parabolic SAR dots would be?
      1. above price
      2. @ below price
      3. in-between price
    • Q151: If price is in a downtrend, the Parabolic SAR dots would be?
      1. @ above price
      2. below price
      3. in-between price
    • Q152: Parabolic SAR identifies?
      1. @ potential shifts in momentum
      2. potential shifts in popularity
      3. ranging markets
    • Q153: When price crosses below the Parabolic SAR dots we can?
      1. look for buying opportunities
      2. @ look for selling opportunities
      3. determine that the market is ranging
    • Q154: When price crosses above the Parabolic SAR dots we can?
      1. @ look for buying opportunities
      2. look for selling opportunities
      3. determine the market is ranging
    • Q155: Parabolic SAR can be used to remove the guess work in catching?
      1. @ big market reversals
      2. resistance levels
      3. support levels
    • Q156: The Fibonacci retracement tool is used to determine?
      1. @ resistance and support levels
      2. momentum
      3. trend
    • Q157: The key levels of the Fibonacci retracement tool are?
      1. 127%, 161% & 200%
      2. neither A or C
      3. @ 23.6%, 38.2%, 50%, 61.8% & the 76.4%
    • Q158: The key levels of the Fibonacci extension tool are?
      1. 38.2%, 50%, 61.8%
      2. @ 127%, 161% & 200%
      3. 23.6%, 38.2%, 50%, 61.8% & 76.4%
    • Q159: If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?
      1. @ highest point to lowest point
      2. lowest point to highest point
    • Q160: The 50% retracement is the only key Fibonacci level
      1. true
      2. @ false
      3. sometimes
    • Q161: If price traded up into Fibonacci resistance we could look to?
      1. buy
      2. @ sell
      3. do nothing
    • Q162: If price traded down into Fibonacci support we could look to?
      1. @ buy
      2. sell
      3. do nothing
    • Q163: The Fibonacci extension tool
      1. highlights levels within a price swing
      2. @ highlights levels beyond a price swing
      3. does neither
    • Q164: Fibonacci is found?
      1. in solar systems
      2. in all parts of life
      3. @ both A & B
    • Q165: When is it a good idea to deviate from your trading plan?
      1. when you lose a trade
      2. when you you win a trade
      3. @ neither A or B
    • Q166: What can be a huge stalling block to long term success in trading?
      1. @ letting a winning trade turn into a loser
      2. moving your stop loss to entry
      3. neither A or B
    • Q167: Always pair a?
      1. @ strong vs weak currency
      2. weak vs weak
      3. strong vs strong
    • Q168: Enter a trade when?
      1. economic fundamentals add up
      2. technical fundamentals add up
      3. @ both A & B
    • Q169: You can protect your profits by?
      1. using stop loss
      2. using take profit
      3. @ using trailing stop loss
    • Q170: You want to use ________ to enter or exit a trade?
      1. @ technical analysis
      2. fundamental analysis
      3. Relative Strength Index
    • Q171: Being right and being early is the same as?
      1. being right
      2. making a good choice
      3. @ being wrong
    • Q172: When you open a trade you should always?
      1. follow logic only
      2. follow impulse only
      3. @ neither A or B
    • Q173:
      1. using take profits
      2. @ moving your stop loss to break even
      3. neither A or B
    • Q174: Which is an example of scaling into a resistance level selling between 1.1100 and 1.1130?
      1. @ opening a trade a quarter of your regular position size at 1.110, 1.1110, 1.1120 and 1.1130
      2. opening a trade a quarter of your regular position size at, 1.110, 1.1140, 1.1141, and 1.1142
      3. neither A or B
    • Q175: What is the purpose of pairing Strong vs Weak currencies?
      1. to catch momentum in the market
      2. to trade with the trend
      3. @ both A & B
    • Q176: A Strong vs Strong currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q177: A Weak vs Weak currency would most likely be?
      1. trending
      2. @ ranging
      3. neither A or B
    • Q178: Always stick to your trading strategy
      1. true
      2. false
      3. @ only if it has been successfully tested with demo currency
    • Q179: It's ok to adjust your trading strategy when?
      1. market dynamics change
      2. you notice something that might work better while trading demo
      3. @ both A & B
    • Q180: Draw down refers to?
      1. biggest loser
      2. biggest winner
      3. @ peak to trough decline on account
    • Q181: Risk:Reward refers to?
      1. your stop loss size
      2. your risk per trade
      3. @ how much you stand to win vs how much you stand to lose
    • Q182: Which lot size is correct?
      1. 1.00 lot = 1000 units of currency
      2. 1.00 lot = 10,000 units of currency
      3. @ 1.00 lot = 100,000 units of currency
    • Q183: Margin refers to?
      1. the biggest winner
      2. your strategy returns
      3. @ the amount of money on deposit in your account
    • Q184: If you use leverage in your account you can?
      1. win more trades
      2. make more money
      3. @ make more money but also lose more money
    • Q185: Which trader would have higher returns?
      1. 2:1 risk reward and 50% hit rate
      2. 2:1 risk reward and 70% hit rate
      3. @ 3:1 risk reward and 40% hit rate
    • Q186: If you have a high win rate you will definitely be profitable
      1. true
      2. false
      3. @ depends on your Risk:Reward
    • Q187: Risk:Reward is more important than hit rate
      1. @ most of the time
      2. never
      3. sometimes
    • Q188: The term "margin call" refers to?
      1. needing to increasing the size of your trade
      2. @ needing to increase the amount of money on deposit in account
      3. needing to increase the number of trades
    • Q189: If a trader went to account equity highs of 60% then down to 30% then finished the year at 80%, what would their drawdown be?
      1. 20%
      2. @ 30%
      3. 40%
    • Q190: Money placed on deposit with a broker is called?
      1. @ margin
      2. stop loss
      3. leverage
    • Q191: Brokers can make money by charging?
      1. spreads
      2. @ spreads & commissions
      3. commissions
    • Q192: When a currency is quoted 1.1109/1.1115 what is the spread?
      1. .0009
      2. .1115
      3. @ .0006
    • Q193: Do broker fees come out of your trades?
      1. @ yes
      2. no
      3. sometimes
    • Q194: A dealing desk broker
      1. passes your trade through to the banks
      2. @ takes the other side of your trade
      3. manages money for clients
    • Q195: If you lose a trade, a non dealing desk broker
      1. makes the profit
      2. @ only makes money on spreads & commissions
      3. takes the other side of your trade
    • Q196: Forex brokers help you?
      1. know which way to trade
      2. know where to place your stop
      3. @ access the currency markets
    • Q197: Broker fees come out of your trades
      1. @ true
      2. false
      3. sometimes
    • Q198: What is the spread?
      1. difference between high and low of the day
      2. how many traders are long and short
      3. @ difference between bid and ask price
    • Q199: A broker that makes a market for your trade is called a?
      1. non dealing desk broker
      2. @ dealing desk broker
      3. neither a or b
    • Q200: If you lose a trade with a dealing desk broker
      1. they make no profit on your trade
      2. @ they make a profit on your trade
      3. neither A or B
    • Q201: What are the two types of broker fees called?
      1. bid and ask
      2. @ spread and commission
      3. commissions
    • Q202: A safe haven asset is one which?
      1. investors turn to when times are good
      2. investors turn to looking to make big returns
      3. @ investors turn to, to protect capital when time are bad
    • Q203: Which of these currencies is a safe haven?
      1. AUD
      2. CAD
      3. @ JPY
    • Q204: If equity markets are trading higher, JPY would be?
      1. trading higher
      2. flat
      3. @ trading lower
    • Q205: If news from China is bad, risk appetite would be?
      1. strengthened
      2. @ weakened
      3. unchanged
    • Q206: Gold is seen as a hedge against?
      1. deflation
      2. unemployment
      3. @ inflation
    • Q207: During times of economic growth & certainty
      1. safe havens are not effected
      2. @ safe haven currencies trade lower
      3. safe haven currencies trade higher
    • Q208: AUD trades higher during?
      1. @ times of good global growth
      2. times of bad global growth
      3. during times of global economic uncertainty
    • Q209: JPY trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. neither A or B
    • Q210: CHF trades better during?
      1. times of good global growth
      2. @ times of bad global growth
      3. during times of global economic certainty
    • Q211: Which of these are safe haven assets?
      1. precious metals
      2. JPY & CHF
      3. @ both A & B
    • Q212: If equities are trading lower, JPY would usually be?
      1. @ trading higher
      2. trading lower
      3. they are not effected
    • Q213: If equities are trading higher, JPY would usually be?
      1. trading higher
      2. @ trading lower
      3. not effected
    • Q214: If global growth is bad and investors are panicked, gold would usually be?
      1. trading lower
      2. @ trading higher
      3. not effected
    • Q215: If global growth is good and investors are positive, gold would usually be?
      1. @ trading lower
      2. trading higher
      3. not effected
    • Q216: If gold and CHF are trading higher, the market is likely in?
      1. @ a state of economic uncertainty
      2. a state of economic certainty
      3. neither A or B
    • Q217: What is confluence?
      1. when one technical element presents itself
      2. when two or more technical elements present themselves
      3. @ when two or more technical elements present themselves in the same place
    • Q218: What does retracement mean?
      1. when you trace over the price chart
      2. when you go back in time on a price chart
      3. @ when the price moves back against itself
    • Q219: What does expansion mean?
      1. when you expand the chart
      2. @ when the trend moves forward
      3. when you expand your position size
    • Q220: Higher highs and higher lows show us a?
      1. @ bullish trend
      2. bearish trend
      3. range bound market
    • Q221: Multi-time frame analysis is used to?
      1. set profit targets
      2. @ see the bigger picture
      3. see how volatile price is
    • Q222: The point of finding confluence in the market is to?
      1. @ build the strongest case for taking a trade
      2. make more money
      3. neither a or b
    • Q223: Multi-time frame analysis helps us?
      1. @ identify the dominant trend
      2. find the most popular currency
      3. find the best stop loss location
    • Q224: If price is putting in lower highs & lower lows we would call this?
      1. @ a bearish trend
      2. a bullish trend
      3. a range
    • Q225: Where a key Fibonacci level lines up with an extreme RSI reading, this is an example of ?
      1. increased volatility
      2. multi time frame analysis
      3. @ confluence
    • Q226: If price is trending lower on the higher time frames, then on the lower time frames we want to?
      1. look to buy
      2. stay out of the market
      3. @ look to sell
    • Q227: If price is trending higher on the higher time frames, then on the lower time frames we want to?
      1. look to sell
      2. @ look to buy
      3. look at another currency pair
    • Q228: You should always use multi-time frame analysis to enter your trades
      1. @ true
      2. false
      3. sometimes
    • Q229: A bullish trend shows that?
      1. buyers and sellers are neutral
      2. sellers are stronger than buyers
      3. @ buyers are stronger than sellers
    • Q230: If we play a breakout long in a bullish trend our stop should go?
      1. above the last high
      2. 100 pips away
      3. @ below the last low
    • Q231: If a price chart is showing lower lows and lower highs this shows a?
      1. ranging market
      2. bullish trend
      3. @ bearish trend
    • Q232: If price is rotating between a low point & a high point price is?
      1. trending higher
      2. trending lower
      3. @ ranging
    • Q233: In a ranging market our best method is to?
      1. buy & hold
      2. sell & hold
      3. @ fade the range
    • Q234: In a bearish trend, price?
      1. retraces lower
      2. @ retraces higher
      3. doesn't retrace
    • Q235: If price is trending higher we can?
      1. buy when price retraces lower
      2. buy when price breaks out higher
      3. @ either A or B
    • Q236: If price is trending lower we can?
      1. sell when price retraces higher
      2. sell when price breaks out lower
      3. @ either A or B
    • Q237: A ranging market is where?
      1. price is trading higher
      2. price is trading lower
      3. @ price is rotating between support & resistance
    • Q238: Fading the range is where?
      1. we buy the lows
      2. we buy the highs
      3. @ we buy the lows & sell the highs
    • Q239: If buyers are stronger than sellers?
      1. price is in a bearish trend
      2. @ price is in a bullish trend
      3. price is in a range
    • Q240: If sellers are stronger than buyers?
      1. @ price is in a bearish trend
      2. price is in a bullish trend
      3. price is in a range
    • Q241: In which market conditions would buy & hold work best?
      1. a range
      2. @ a trend
      3. neither A or B
    • Q242: In which market conditions would sell and hold work best?
      1. a range
      2. a bullish trend
      3. @ a bearish trend
    • Q243: Which type of indicators are best to use in ranging markets?
      1. trend direction indicators
      2. momentum indicators
      3. @ both A & B
    • Q244: Selling a breakdown through the lows works best in?
      1. a bullish trend
      2. @ a bearish trend
      3. a range
    • Q245: What is the difference between the "Morning Star" and the "Evening Star"?
      1. one occurs in the am one occurs in the pm
      2. the different lengths of consolidation before breakout
      3. @ an Evening Star signals a bearish reversal, a Morning Star signals a bullish reversal
    • Q246: What is likely to occur after a Falling Three pattern?
      1. @ a reversal
      2. consolidation
      3. continuation
    • Q247: What is a Head & Shoulders?
      1. a shampoo
      2. a bullish continuation pattern
      3. @ a bearish reversal pattern
    • Q248: How many lows are there in a valid Triple Bottom pattern?
      1. 2
      2. @ 3
      3. 5
    • Q249: What is the maximum number of price candles in a valid Pennant pattern?
      1. 15
      2. @ 30
      3. 45
    • Q250: How many touches of the trend line verifies a Falling Wedge?
      1. 9
      2. @ 6
      3. 3
    • Q251: The Falling Three pattern is?
      1. a common occurrence
      2. @ a rare pattern
      3. an unreliable pattern
    • Q252: The Rising Three is a?
      1. bearish pattern
      2. @ bullish pattern
      3. can be bullish or bearish
    • Q253: A Bearish Diamond can be?
      1. part of a trend continuation
      2. a reversal
      3. @ either
    • Q254: Triple Tops are a?
      1. @ bearish pattern
      2. bullish pattern
      3. a consolidation pattern
    • Q255: Triple Bottoms are a?
      1. @ bullish pattern
      2. bearish pattern
      3. a consolidation pattern
    • Q256: How many candles are in Evening and Morning Star patterns?
      1. 2
      2. @ 3
      3. 5
    • Q257: When price is moving in a channel, you can draw a identical trend line?
      1. above
      2. below
      3. @ above and below
    • Q258: You find a good trading opportunity when?
      1. @ you find a retest of a broken trend line
      2. you find a break-out
      3. neither
    • Q259: When in a bullish channel, if you took a counter trend trade and sold, where would you set your take profit line?
      1. at the top trend line
      2. between the top and bottom trend line
      3. @ at the bottom trend line
    • Q260: When drawing trend lines it is important to?
      1. @ monitor price to update our lines
      2. make sure our trend lines are the same size
      3. neither
    • Q261: Rising trend lines can be used for a?
      1. @ buy entry
      2. sell entry
      3. a place to put stops
    • Q262: If price breaks through a bearish trend line, we should?
      1. enter a buy trade
      2. enter a sell trade
      3. @ wait for price to retest the broken trend line and look to buy
    • Q263: Trading counter trend in a bullish channel means?
      1. buying trend line support
      2. @ selling trend line resistance
      3. trading a bullish breakout
    • Q264: Trading counter trend in a bearish channel means?
      1. @ buying trend line support
      2. selling trend line resistance
      3. trading a bearish breakout
    • Q265: If we buy trend line support in a bullish channel we can target the trend line resistance
      1. @ true
      2. false
      3. sometimes
    • Q266: If we sell trend line resistance in a bearish channel we can target the trend line support
      1. @ true
      2. false
      3. sometimes
    • Q267: To identify a channel, we?
      1. draw a new trend line
      2. @ clone an existing trend line below or above price
      3. either A or B
    • Q268: If price breaks above a bearish trend line we can?
      1. @ use a retest of the trend line as a buying location
      2. do nothing and watch the market
      3. move our stop losses
    • Q269: Trend line retests work best when there is?
      1. a news release
      2. no key news releases
      3. @ confluence with other technical indicators
    • Q270: If an economic report is labelled RED what does it mean?
      1. it is a weak report
      2. @ it is a strong report
      3. it is a report to be cautious of
    • Q271: If an economic report comes out weaker than the forecast this is typically?
      1. good for the currency
      2. @ bad for the currency
    • Q272: Economic reports are released every?
      1. month
      2. week
      3. @ day
    • Q273: If an economic report is stronger than expected this is typically?
      1. @ good for the currency
      2. bad for the currency
      3. doesn't matter
    • Q274: If services PMI data is above 50 this means that?
      1. the sector is contracting
      2. @ the sector is expanded
      3. manufacturing is weak
    • Q275: Strong inflation data pushes a currency up because?
      1. it makes the currency more popular
      2. it increases the chance of rates being cut
      3. @ it increases the chance of rates being raised
    • Q276: If the ECB cut rates we could expect EUR to?
      1. go up
      2. @ go down
      3. be unaffected
    • Q277: GBP is likely to go down if?
      1. inflation data is strong
      2. @ GDP data is weak
      3. employment data is strong
    • Q278: If the unemployment rate goes up, the currency would likely?
      1. @ go down
      2. go up
      3. be unchanged
    • Q279: If retail sales are strong the currency in question would most likely?
      1. go down
      2. @ go up
      3. be unchanged
    • Q280: Retail sales are important because they are used as a gauge for?
      1. inflation data
      2. unemployment data
      3. @ GDP
    • Q281: If manufacturing PMI data is below 50 this means that?
      1. the sector is expanding
      2. @ the sector is contracting
      3. retail sales are strong
    • Q282: PCE is used by the Fed as a gauge for?
      1. unemployment data
      2. @ inflation data
      3. services PMI
    • Q283: A correlation is when one element
      1. @ directly impacts another element
      2. is stronger than another element
      3. is weaker than another element
    • Q284: Usually, if the Canadian dollar is going up?
      1. gold typically goes up to
      2. @ oil typically goes up to
      3. silver typically goes up to
    • Q285: Why is the Australian Dollar impacted by the price of gold?
      1. because Australia buys a lot of gold
      2. @ because Australia sells a lot of gold
      3. because Australian money is made from gold
    • Q286: Why are AUD and NZD often trading together?
      1. because the countries have the same currency
      2. @ because the countries are closely linked trading partners
      3. neither
    • Q287: Which of these currencies is classed as a safe haven?
      1. Sterling
      2. Euro
      3. @ Japanese Yen
    • Q288: In times of economic uncertainty, AUD would typically be?
      1. going up
      2. @ going down
      3. not be effected
    • Q289: If equity prices and oil prices are rallying, JPY would usually be?
      1. going up
      2. hardly moving
      3. @ going down
    • Q290: Safe haven currencies usually?
      1. strengthen during times of good global growth
      2. @ weaken during time of good global growth
      3. are not impacted during market cycles
    • Q291: Why does the price of oil tend to affect CAD?
      1. @ because Canada sells a lot of oil
      2. because Canada buys a lot of oil
      3. because Canada imports the most cars
    • Q292: If the Euro and gold were positively correlated this means that?
      1. Euro would fall when gold rises
      2. @ Euro would rise when gold rises
      3. they wouldn't effect one another
    • Q293: If CAD and EUR had an inverse correlation this means that?
      1. EUR moves faster than CAD
      2. @ if CAD is going up EUR is going down
      3. if EUR is going up CAD is going up
    • Q294: Pivot points give us?
      1. 3 key levels to watch
      2. 4 key levels to watch
      3. @ 6 key levels to watch
    • Q295: Price above the pivot is classed as?
      1. bearish
      2. @ bullish
      3. neutral
    • Q296: Pivot Points can be used for?
      1. scalping
      2. longer term trades
      3. @ both
    • Q297: If price trades into R1, this could be an opportunity to?
      1. look to buy
      2. @ look to sell
      3. trail your stop loss
    • Q298: If price trades into S1, this could be an opportunity to?
      1. @ look to buy
      2. look to sell
      3. set your take profit
    • Q299: Pivot Points can be used to trade?
      1. breakouts
      2. reversals
      3. @ both
    • Q300: Pivot Points can also be used on weekly and monthly time frames
      1. @ true
      2. false
      3. only hourly time frames
    • Q301: If price breaks below the Pivot Point, this is?
      1. bullish
      2. @ bearish
      3. hawkish
    • Q302: If price breaks above the pivot point, this is?
      1. @ bullish
      2. bearish
      3. dovish
    • Q303: Pivot Points were used by?
      1. accountants
      2. monks
      3. @ the old floor traders
    • Q304: Pivot Points act as?
      1. resistance
      2. support
      3. @ both A & B
    • Q305: A strong currency would be expected to rise against?
      1. @ a weak currency
      2. another strong currency
      3. both
    • Q306: The rising blue bars on the Strong/Weak indicator show?
      1. which currency is weakest
      2. @ which currency is strongest
      3. which currency is most popular
    • Q307: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. rising
      2. @ falling
      3. flat
    • Q308: The strong/weak indicator highlights currencies that are?
      1. @ displaying highest & lowest momentum
      2. most & least popular
    • Q309: If the blue bars on the Strong/Weak indicator are getting smaller, this means the currency is?
      1. getting stronger
      2. @ getting weaker
      3. about to see a reversal
    • Q310: If NZD is weakest & JPY is strongest on the day then NZD/JPY would?
      1. @ be in a bearish trend
      2. be in a bullish trend
      3. be in a ranging market
    • Q311: Weaker currencies typically fall against?
      1. weaker currencies
      2. @ stronger currencies
      3. commodities
    • Q312: The strong/weak indicator tells us exactly?
      1. @ which currency pairs to trade
      2. the health of the global economy
      3. that investors are putting money in safe havens
    • Q313: The Strong/Weak indicator shows currencies in which timeframes?
      1. H4, D1
      2. H1, M15
      3. @ both A & B
    • Q314: The Strong/Weak indicator shows?
      1. @ have each currency moved against each other in different time frames
      2. economic data news releases
      3. market news releases that could impact currency
    • Q315: The Strong/Weak indicator will save you lots of time
      1. reviewing different currency price charts
      2. determining your Strong/Weak currency pair
      3. @ both A & B
    • Q316: The Strong/Weak indicator is a indicator
      1. @ we have built in-house
      2. you can get on any trading platform
      3. neither A or B
    • Q317: You should always practice your trading strategy with?
      1. real money
      2. @ simulation money
      3. neither A or B
    • Q318: The McGinley Dynamic Indicator adjusts itself?
      1. @ to the speed of the market
      2. every hour
      3. every week
    • Q319: The McGinley Dynamic Indicator can be used to?
      1. judge trend direction
      2. enter trades
      3. @ both A & B
    • Q320: If price crosses above the McGinely Dymanic Indicator line we should?
      1. @ go long (look to buy)
      2. go short (look to sell)
      3. stay out of the market
    • Q321: If price moving below the McGinely Dymanic Indicator line means price is?
      1. neutral
      2. @ bearish
      3. bullish
    • Q322: If price crosses below the McGinley you could look to sell a retest of the indicator line?
      1. @ true
      2. false
      3. sometimes
    • Q323: If price crosses above the McGinley line that is a?
      1. @ bullish signal
      2. bearish signal
      3. dovish signal
    • Q324: The McGinley indicator is similar to which other indicator?
      1. MACD
      2. RSI
      3. @ Moving Average
    • Q325: The McGinley indicator is useful for?
      1. identifying trend direction
      2. executing trades
      3. @ both A & B
    • Q326: The McGinley dynamic indicator
      1. @ tracks price closer than Moving Averages
      2. doesn't track price
      3. neither A or B
    • Q327: McGinleys Dynamic Indicator would be better used for?
      1. @ entering buy & sell positions
      2. determining longterm trends
      3. multi-time frame analysis
    • Q328: A Pennant pattern forms in?
      1. low liquidity
      2. ranging markets
      3. @ trending markets
    • Q329: Where should we place stops when trading the bearish Pin Bar pattern?
      1. above the body of the candle
      2. @ above the high of the Pin Bar
    • Q330: How many candles are in a Evening or Morning Star pattern?
      1. 2
      2. @ 3
      3. 5
    • Q331: When trading the Falling or Rising Three pattern when should we move our stops to entry?
      1. once the low/high of the confirmation candle is broken
      2. once price moves two multiple of our initial risk
      3. @ once price moves one multiple of our initial risk
    • Q332: What are the maximum price candles to validate a Pennant pattern?
      1. 21
      2. 27
      3. @ 30
    • Q333: After which low can we consider entering buy stop positions for a Falling Wedge pattern?
      1. @ 3
      2. 4
      3. 5
    • Q334: Where is an alternative entry for the engulfing candle pattern?
      1. 38.2% Fibonacci level
      2. @ 50% Fibonacci level
      3. 61.8% Fibonacci level
    • Q335: When is the most high probability occurrence of the Downside Tasuki Gap?
      1. Tuesday
      2. Thursday
      3. @ Sunday
    • Q336: Is the Downside Tasuki Gap accurate without weekend confirmation gap?
      1. true
      2. @ false
      3. sometimes
    • Q337: Which trend line must be broken to confirm the Bearish Diamond?
      1. the ascending trend line of the upper left quadrant
      2. @ the ascending trend line of the lower right quadrant
      3. the descending trend line of the upper left quadrant
    • Q338: Which of these is a bullish reversal pattern?
      1. Pin Bar
      2. Bearish Pennant
      3. @ Falling Wedge
    • Q339: The Downside Tasuki Gaps only usually occur?
      1. @ after the weekend
      2. on Wednesdays
      3. once a month
    • Q340: The Evening Star is a?
      1. @ bearish reversal pattern
      2. bullish reversal pattern
      3. can be either bullish or bearish
    • Q341: A bullish Pin Bar suggests?
      1. @ price reversing higher
      2. price reversing lower
      3. price is about to range
    • Q342: The Harami Breakout works particularly well
      1. after the weekend
      2. @ before economic data releases
    • Q343: The Morning Star is a?
      1. bearish reversal pattern
      2. @ bullish reversal pattern
      3. can be either bullish or bearish
    • Q344: If a report is colored red on the economic calendar it will?
      1. potentially have little impact
      2. potentially have some impact
      3. @ potentially have high impact
    • Q345: Our economic calendar system tells you?
      1. which way to trade
      2. where to put your stop
      3. @ the potential impact of the data release
    • Q346: If the data release is above the forecast it is?
      1. @ likely to raise the currency
      2. weaken the currency
      3. have little impact
    • Q347: Our economic calendar is best used alongside?
      1. RSI
      2. Moving Averages
      3. @ all indicators
    • Q348: You can trade economic data with which trading methods?
      1. scalping
      2. swing trading
      3. @ any
    • Q349: Economic data is released?
      1. each month
      2. each week
      3. @ each day
    • Q350: With open long trade positions, monitoring economic data can be good to?
      1. @ spot good exit positions
      2. tell when the market is over sold
      3. tell when the market is over bought
    • Q351: What is used to judge the health of an economy?
      1. Strong/Weak tool
      2. @ Economic Data
      3. Indicators
    • Q352: Central banks make decisions based on economic data
      1. @ true
      2. false
      3. sometimes
    • Q353: If a RED economic report comes out much lower than the forecast the currency would?
      1. most likely go up
      2. @ most likely go down
      3. neither A or B
    • Q354: If a green economic report comes out in-line with the forecast the currency would?
      1. most likely go up
      2. @ most likely have little effect
      3. neither A or B
    • Q355: If a yellow economic report comes out way above the forecast the currency would?
      1. @ most likely go up
      2. have no effect on the currency
      3. neither A or B
    • Q356: The major economic data releases you should be looking out for will always be?
      1. @ in red
      2. in green
      3. in yellow
    • Q357: Lots of strong/positive economic data means the Fed will most likely have a?
      1. @ hawkish outlook on the economy & be inclined to raise interest rates
      2. dovish outlook on the economy & be inclined to cut interest rates
      3. neither A or B
    • Q358: Which economic release has the most impact?
      1. GDP
      2. Retail Sales
      3. @ both A & B
    • Q359: The currency aggregate tool is used to?
      1. @ show all the currencies against each other in one graph
      2. show what currencies are strongest only
      3. show what currencies are weakest only
    • Q360: If price bounces off a support level multiple time?
      1. @ it becomes weaker (because orders are eroded)
      2. it becomes stronger (because more orders are placed)
      3. nothing happens to the level
    • Q361: Orders to sell creates?
      1. demand, which create support levels
      2. @ supply, which creates resistance levels
      3. a movement on a chart
    • Q362: Demand is created by a?
      1. @ build-up of buy orders
      2. build-up of seller orders
      3. neither
    • Q363: Support & resistance give us areas we can?
      1. @ buy & sell
      2. areas to target
      3. areas to place our stops
    • Q364: Once price breaks through support?
      1. it means a trend has started
      2. @ if price retests the level it often holds as resistance
      3. neither
    • Q365: If price retests broken resistance we can?
      1. judge that a trend has started
      2. @ look to buy
      3. move our stops
    • Q366: Support is a level on the chart we can look to?
      1. sell
      2. @ buy
      3. neither
    • Q367: If price is continually testing a support or resistance level it means that level is?
      1. getting stronger
      2. @ getting weaker
      3. a good place to place a trade
    • Q368: We can identify support where?
      1. there are previous highs
      2. @ there are previous lows
      3. price is overbought
    • Q369: If price is in a bullish trend, we can look to buy as?
      1. @ price retests broken prior highs
      2. price retest broken prior lows
      3. price starts moving quickly
    • Q370: If price is in a bearish trend, we can look to sell as?
      1. price retests broken prior highs
      2. @ price retests broken prior lows
      3. price starts moving slowly
    • Q371: A build up of orders to buy is known as?
      1. @ support
      2. resistance
      3. volatility
    • Q372: A build up of orders to sell is known as?
      1. support
      2. @ resistance
      3. leverage
    • Q373: Why is it that the more times a support & resistance level gets tested, the weaker it is becoming?
      1. because volatility is increasing
      2. because stops are being hunted
      3. @ because orders are being eroded
    • Q374: Support & resistance never change nature
      1. true
      2. @ false
      3. sometimes
    • Q375: What has to happen for price to break support?
      1. news release
      2. increases in volatility
      3. @ sellers outweigh buyers
    • Q376: What has to happen for price to break resistance?
      1. stop hunt
      2. stop and reverse
      3. @ buyers outweigh sellers
    • Q377: Price is below the 50 and 100 day moving average, when is it a good time to look for a selling opportunity?
      1. @ when the price comes back up to retest the moving averages
      2. when the price breaks through above the moving averages
      3. when the price begins to range above the moving averages
    • Q378: Price is above the 50 & 100 day moving averages, this indicates the market is?
      1. bearish
      2. @ bullish
      3. neither A or B
    • Q379: When the 100 day moving average breaks above and crosses over the 200 day moving average this indicates?
      1. @ possible strong longer term bullish trend
      2. possible strong longer term bearish trend
      3. possible short term bullish trend
    • Q380: Moving averages can help us?
      1. know which direction price is trading in
      2. find an entry to the market
      3. @ both A & B
    • Q381: A shorter term moving average crossing above a longer term moving average indicates that?
      1. price is trending lower
      2. @ price is trending higher
      3. price is stalled
    • Q382: A "Golden Crossover" is when?
      1. the 100 day moving average crosses above the 200 day
      2. the 50 day crosses above the 150 day
      3. @ the 50 day crosses above the 200 day
    • Q383: If the market is stuck in a range we would expect moving averages to be?
      1. turned higher
      2. @ flat
      3. turned lower
    • Q384: Moving average crossovers can be used for?
      1. entering the market
      2. identifying trend direction
      3. @ both A & B
    • Q385: In a bearish trend we would expect the 50 day moving average to be?
      1. above the 100 day moving average
      2. @ below the 100 day moving average
      3. equal to the 100 day moving average
    • Q386: In a bullish trend we would expect the short term moving average to be?
      1. below the longer term moving average
      2. equal to the longer term moving average
      3. @ above the longer term moving average
    • Q387: If price is in a bearish trend and it trades back up to test the moving average we can?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q388: If price breaks above the moving average, this signals that?
      1. a possible bearish trend is starting
      2. @ a possible bullish trend is starting
      3. price is entering a range
    • Q389: In a bullish trend we would expect the moving average to act as?
      1. resistance
      2. @ support
      3. stop loss level
    • Q390: A "Death Cross" is when the?
      1. 100-period moving average crosses below the 200-period moving average
      2. @ 50-period moving average crosses below the 200-period moving average
      3. 20-period moving average crosses below the 100-period moving average
    • Q391: What is one disadvantage of trading moving average crossover to moving average crossover?
      1. there is no disadvantage to this trading method
      2. trades are over too quickly
      3. @ trades can often give back too much profit
    • Q392: How can we improve a moving average crossover system?
      1. increase our leverage to make more on each winner
      2. take less trades
      3. @ build in a positive risk:reward system instead of trading crossover to crossover
    • Q393: Using RSI is most effective to?
      1. @ identify oversold and overbought market conditions
      2. identify oversold market conditions
      3. identify overbought market conditions
    • Q394: When price is moving up forming a new high & you are using RSI with divergence, the RSI indicator should?
      1. make a new high
      2. @ make a lower high
      3. neither a or b
    • Q395: Divergence means?
      1. when moves in price are supported by the indicator
      2. @ when moves in price are not supported by the indicator
      3. neither A or B
    • Q396: Fading the RSI means?
      1. @ trading a reversal when the indicator moves into extreme levels
      2. using the indicator to trade a breakout
      3. using the indicator to scalp
    • Q397: If price is moving lower but the RSI indicator is starting to move higher this is known as?
      1. a stop & reverse
      2. @ bullish divergence
      3. bearish divergence
    • Q398: Fading the RSI is most effective in?
      1. trending markets
      2. @ ranging markets
      3. both A & B
    • Q399: If price crosses above the overbought threshold and then back below we should?
      1. @ look to sell
      2. look to buy
      3. stay out of the market
    • Q400: RSI stands for?
      1. Real Strength Index
      2. Relative Strength Indicator
      3. @ Relative Strength Index
    • Q401: The RSI indicator works by?
      1. showing which currency is most popular
      2. @ measuring recent gains against recent losses
      3. neither A or B
    • Q402: If the RSI indicator is above the overbought threshold, it signals that?
      1. price is extended to the downside
      2. @ price is extended to the upside
      3. price is in a range
    • Q403: If the RSI indicator is below the oversold threshold, it signals that?
      1. @ price is extended to the downside
      2. price is extended to the upside
      3. price is in a range
    • Q404: If price is in a bullish trend we should look to enter when?
      1. RSI is overbought
      2. @ RSI is over sold
      3. either A & B
    • Q405: If price is in a bearish trend we should look to enter when?
      1. @ RSI is overbought
      2. RSI is oversold
      3. either A & B
    • Q406: What is one of the issues with using the RSI indicator?
      1. it can tend to give false signals in ranges
      2. @ it can tend to give false signals in trends
      3. it's not a reliable indicator
    • Q407: What is one of the ways that we can look to avoid the false signals that RSI gives?
      1. increasing our leverage
      2. @ using divergence
      3. trading in trends only
    • Q408: Fading the RSI indicator works best in?
      1. trending markets
      2. @ ranging markets
      3. either market type
    • Q409: If momentum is overstretched as price is trading higher, RSI will be?
      1. oversold
      2. @ overbought
      3. moving quickly
    • Q410: If momentum is overstretched as price is trading lower, RSI will be?
      1. @ oversold
      2. overbought
      3. moving quickly
    • Q411: The RSI indicator works by?
      1. measuring how popular each currency is over a certain period
      2. @ measuring the extent of gains in a currency
      3. measuring the magnitude of gains against losses over a certain period
    • Q412: When the candlestick closes on the outside of the upper Bollinger Band this is a good chance to?
      1. @ enter a sell trade
      2. enter a buy trade
      3. neither A or B
    • Q413: When the candlestick closes on the outside of the bottom Bollinger Band this is a good chance to?
      1. enter a sell trade
      2. @ enter a buy trade
      3. neither A or B
    • Q414: The best way to use Bollinger Bands is?
      1. look for confluence of Bollinger Bands and Relative Strength Index to confirm your trade idea
      2. look for a bullish W top also known as a double bottom outside the top Bollinger Band
      3. @ look for a bearish M top also known as a double top above the top Bollinger Band or a bearish W bottom also known as a double bottom outside the bottom Bollinger Band
    • Q415: Fading Bollinger Bands mean?
      1. @ trading a reversal from a Bollinger Band
      2. trading a breakout from a Bollinger Band
      3. moving our stops when price moves through the Bollinger Band
    • Q416: If we sell at the upper Bollinger Band, our first target should be?
      1. the lower Bollinger Band
      2. @ the moving average
      3. 100 pips
    • Q417: If price trades into the top Bollinger Band, we know that?
      1. @ bullish momentum has faded & price could reverse lower
      2. bearish momentum has faded & price could reverse higher
      3. price is likely going to break out
    • Q418: If Bollinger Bands are wide it means that?
      1. the market is trending
      2. @ price action is volatile
      3. the market is going lower
    • Q419: We should look to play a bearish Bollinger Band breakout when?
      1. price is caught in a range
      2. @ the market has been trending lower then formed a period of consolidation
      3. the market has been trending higher then formed a period of consolidation
    • Q420: If price trades into the bottom Bollinger Band, we know that?
      1. the market is about to break lower
      2. the market is about to start ranging
      3. @ the market is about to reverse higher
    • Q421: Tight Bollinger bands mean?
      1. momentum is increasing
      2. volatility is increasing
      3. @ volatility is decreasing
    • Q422: If volatility is increasing?
      1. Bollinger Bands will contract
      2. Bollinger Bands will point upward
      3. @ Bollinger Bands will expand
    • Q423: If price trades through the lower Bollinger band then closes back inside it?
      1. we should look to sell
      2. @ we should look to buy
      3. momentum is increasing
    • Q424: If price is consolidating in a trend?
      1. @ we can look to trade a Bollinger Band breakout
      2. we should wait to see which way the range breaks
      3. we should do nothing
    • Q425: What does an M-Top tell us about the market?
      1. that bearish momentum is fading
      2. @ that bullish momentum is fading
      3. that volatility is increasing
    • Q426: If we look to sell when price trades into the upper Bollinger Band, this is known as?
      1. @ the Bollinger Band fade
      2. scalping
      3. trading with the trend
    • Q427: What does a W-Bottom tell us about the market?
      1. that bullish pressure is fading
      2. @ that bearish pressure is fading
      3. that volatility is increasing
    • Q428: If we see an M-Top we should?
      1. look to buy
      2. @ look to sell
      3. do nothing
    • Q429: If we see a W-Bottom we should?
      1. sell
      2. @ buy
      3. do nothing
    • Q430: If we buy when price trades into the lower Bollinger Band?
      1. @ this is called a Bollinger Band fade
      2. this is called a Bollinger Band breakout
      3. this is called trading with the trend
    • Q431: Trading MACD using divergence in a bullish market means when the price is moving higher?
      1. the MACD line is putting in highs
      2. @ the MACD line is moving lower
    • Q432: Trading MACD using divergence in a bearish market means when the price is moving lower?
      1. @ the MACD line is putting in higher lows
      2. the MACD line is putting in lower lows
    • Q433: Trading crossovers of the MACD is best during?
      1. @ trending market conditions
      2. choppy market conditions
      3. both A & B
    • Q434: MACD is a bound oscillator
      1. true
      2. @ false
      3. sometimes
    • Q435: What does MACD stand for?
      1. Momentum and Currency Display
      2. Moving Average Convection Display
      3. @ Moving Average Convergence Divergence
    • Q436: MACD shows us?
      1. trend direction
      2. @ trend direction & momentum
      3. momentum
    • Q437: If the MACD was showing us bullish divergence?
      1. @ price would be moving lower as the MACD moves higher
      2. price would be moving higher as the MACD moves lower
      3. price would be moving higher as the MACD moves higher
    • Q438: If the MACD was showing us bearish divergence?
      1. MACD would be moving higher as price moves higher
      2. MACD would be moving lower as price moves lower
      3. @ MACD would be moving lower as price moves higher
    • Q439: A bearish signal would be?
      1. the MACD crossing below the signal line
      2. the MACD crossing below the center line
      3. @ either A or B
    • Q440: A bullish signal would be?
      1. the MACD crossing above the centre line
      2. the MACD crossing above the signal line
      3. @ either A or B
    • Q441: If price is trending higher and the MACD line is moving higher?
      1. @ this shows that the trend is strong and likely to continue
      2. this shows that the trend is weakening
      3. this shows that bearish pressure is building
    • Q442: If price is trending lower and the MACD line is moving lower?
      1. @ this shows that the trend is strong and likely to continue
      2. this shows that the trend is weakening
      3. this shows that bullish pressure is building
    • Q443: If you increase the MACD settings?
      1. it will be less sensitive to price
      2. @ it will be more sensitive to price
      3. it will make no difference
    • Q444: If you decrease the MACD settings?
      1. it will be more sensitive to price
      2. @ it will be less sensitive to price
      3. it will make no difference
    • Q445: What does a Fibonacci confluence mean?
      1. a Fibonacci retracement level lines up with another indicator
      2. @ a Fibonacci level to line up with another Fibonacci level from the measurement of a different swing
      3. neither A or B
    • Q446: Fibonacci works best in what market conditions?
      1. @ trending
      2. ranging
      3. both A & B
    • Q447: Can you use Fibonacci retracements and extensions with other indicators?
      1. @ yes
      2. no
      3. only certain indicators
    • Q448: For a bullish price swing we apply our Fibonacci retracement from?
      1. top to bottom
      2. @ bottom to top
      3. both A & B
    • Q449: Which of these are key Fibonacci retracement levels?
      1. @ 50% & 76.4%
      2. 30% & 70%
      3. 25% & 75%
    • Q450: If we want to find projected levels that could be reversal points we should use?
      1. Fibonacci extension
      2. Fibonacci retracement
      3. @ both A & B
    • Q451: Fibonacci retracement levels in a bullish swing act as?
      1. @ support
      2. resistance
      3. both A & B
    • Q452: Fibonacci retracement levels in a bearish swing act as?
      1. @ resistance
      2. support
      3. either
    • Q453: Which of these are key Fibonacci extension levels?
      1. 150% & 170%
      2. 110%
      3. @ 127%
    • Q454: Fibonacci level confluence is where?
      1. @ Fibonacci levels of different swings line up
      2. Fibonacci levels line up with trend lines
      3. Fibonacci lines up with support and resistance
    • Q455: If price trades into Fibonacci resistance we should?
      1. @ look to sell
      2. look to buy
      3. stay out of the market
    • Q456: Fibonacci levels are areas where price finds no resistence
      1. true
      2. @ false
      3. sometimes
    • Q457: To identify the best Fibonacci levels to trade at we can?
      1. identify confluence with other technical elements
      2. identify confluence with other Fibonacci levels
      3. @ both A & B
    • Q458: If the 127% Fibonacci extension lines up with the 50% Fibonacci extension, this is an example of?
      1. technical momentum
      2. Fibonacci projection
      3. @ Fibonacci confluence
    • Q459: If price is in a bearish trend we should look to?
      1. @ sell Fibonacci resistance
      2. buy Fibonacci support
      3. both A & B
    • Q460: If price is in a bullish trend we should look to?
      1. @ buy Fibonacci support
      2. sell Fibonacci resistance
      3. neither A or B
    • Q461: The Parabolic SAR indicator can be a great indicator to?
      1. @ set trailing stop losses
      2. determine momentum
      3. neither A or B
    • Q462: Using Parabolic SAR indicator can?
      1. @ help traders stay in the market longer
      2. help traders know when the market is over sold
      3. help traders know when the market is over bought
    • Q463: Using Parabolic SAR with other indicators can?
      1. @ increase the chances of making the right choice
      2. decrease the chances of making the right choice
      3. neither A or B
    • Q464: If price is in a bullish trend we would expect the Parabolic SAR dots to be?
      1. @ below price
      2. above price
      3. getting bigger
    • Q465: If price is in a bearish trend we would expect the Parabolic SAR dots to be?
      1. @ above price
      2. below price
      3. getting smaller
    • Q466: If price reverses higher through the dots & we set a long trade, our stop losses will be?
      1. below the last key low
      2. at the dots under price
      3. @ either A or B
    • Q467: If price reverses lower through the Parabolic SAR dots & we set a short trade, our stops will be?
      1. above the last key high
      2. at the dots above price
      3. @ either A or B
    • Q468: The parabolic SAR indicator highlights
      1. @ a potential shift in momentum
      2. a potential shift in volatility
      3. the most popular currency to trade
    • Q469: If we were in a bullish trade & price reversed through the Parabolic SAR lower dots we would?
      1. @ close the trade
      2. add to the trade
      3. either A or B
    • Q470: If we were in a bearish trade & price reversed through the upper dots we would?
      1. @ close the trade
      2. add to the trade
      3. either A or B
    • Q471: The parabolic SAR indicator is a great tool for helping us?
      1. find the best place to enter a trade
      2. find a good location for our stop loss
      3. @ both A & B
    • Q472: The parabolic SAR indicator is a great tool for helping us?
      1. trail our stops
      2. find reversals in momentum
      3. @ both A & B
    • Q473: If we are in a bullish trade we can use the lower dots to?
      1. add to our trade
      2. @ trail our stops losses
      3. neither A or B
    • Q474: If we were looking to buy, we would want to see price?
      1. break above the upper dots
      2. with dots beneath it
      3. @ both A & B
    • Q475: The pivot can be thought of as?
      1. a target
      2. where momentum is oversold
      3. @ a neutral line for price
    • Q476: How many resistance levels are there with Pivot Points?
      1. 4
      2. 2
      3. @ 3
    • Q477: The support levels can be used as?
      1. @ a good place to buy
      2. a stop loss level
      3. a target
    • Q478: If price has crossed below the pivot?
      1. price is classed as neutral
      2. price is classed as bullish
      3. @ price is classed as bearish
    • Q479: Pivot Points tell us where?
      1. momentum is overbought/oversold
      2. moving averages have crossed over
      3. @ support and resistance is likely to be
    • Q480: If we sell at R1 we could place our stop loss?
      1. 100 pips away
      2. above R3
      3. @ above R2
    • Q481: If we buy at S1 which level is our first target?
      1. R1
      2. R3
      3. @ the pivot line
    • Q482: In a ranging market we should look to trade pivot levels that?
      1. are above the highs & lows of the range
      2. inside the highs & lows of the range
      3. @ line up with the highs & lows of the range
    • Q483: If price retests a broken pivot level we can?
      1. stay out of the market
      2. wait to see where price goes
      3. @ use it as an entry point
    • Q484: If price breaks down through the S1, we can look to?
      1. @ sell if it retests S1
      2. buy as price breaks S1
      3. buy as price breaks R1
    • Q485: If price breaks above R1 we can look to?
      1. @ buy if it retests R1
      2. sell as price breaks R1
      3. sell as price tests S1
    • Q486: If we sell at R1, our first target will be?
      1. the S1 level
      2. @ the pivot line
      3. the S2 level
    • Q487: If we sell at R3, our first target will be?
      1. the S2 level
      2. @ the R2 level
      3. the pivot line
    • Q488: If we buy at the pivot, our first target will be?
      1. the S1 level
      2. @ the R1 level
      3. the R3 level
    • Q489: Pivots are only useful in?
      1. ranging markets
      2. trending markets
      3. @ both A & B
    • Q490: Price is bullish if it is?
      1. @ above the pivot Line
      2. below the pivot Line
      3. neither A or B
    • Q491: Price is bearish if it is?
      1. @ below the pivot line
      2. above the pivot line
      3. neither A or B
    • Q492: Pivot points can be used with other indicators
      1. @ true
      2. false
      3. only Relative Strength Index
    • Q493: Which of these is a great way to use pivot points?
      1. with increased leverage
      2. @ with multi-time frame analysis
      3. at the open of the market
    • Q494: The McGinley Dynamic Indicator is similar to which other indicator?
      1. RSI
      2. Stochastics
      3. @ Moving Averages
    • Q495: The McGinley Dynamic Indicator tracks price?
      1. @ closely
      2. poorly
      3. not at all
    • Q496: If price crosses above the McGinley Dynamic Indicator it means that?
      1. @ the market is bullish
      2. the market is bearish
      3. the market is flat
    • Q497: The McGinley Dynamic Indicator can be used to?
      1. identify trend direction
      2. enter trades
      3. @ both A & B
    • Q498: The signal candle refers to?
      1. the biggest candle on the chart
      2. the smallest candle on the chart
      3. @ the candle that crosses and closes beyond the indicator line
    • Q499: Playing the break of the signal candle helps us?
      1. make more money
      2. use a tighter stop
      3. @ avoid false signals
    • Q500: On a long (buy) trade our stop loss could go?
      1. above the signal candle high
      2. half way down the signal candle
      3. @ below the low of the signal candle
    • Q501: If RSI is oversold and price crosses above the McGinley Dynamic Indicator line, we should?
      1. stay out of the market
      2. move our stops
      3. @ enter a buy (long) trade
    • Q502: If price is above the McGinley Dynamic Indicator line and RSI is oversold we should?
      1. enter a sell trade
      2. @ enter a buy trade
      3. close any open trades
    • Q503: If price retraced into the 50% Fibonacci retracement while the signal candle just closed below the McGinley Dynamic Indicator line we should look to?
      1. @ enter a sell trade
      2. enter a buy trade
      3. neither A or B
    • Q504: If price is below its weekly Pivot Point and its hourly Pivot Point and a signal candle just closed above the McGinley Dynamic Indicator line we should look to?
      1. enter a sell trade
      2. enter a buy trade
      3. @ wait & watch the market
    • Q505: If RSI is overbought and price crosses below the McGinley Dynamic Indicator line, we should?
      1. @ enter a sell trade
      2. enter a buy trade
      3. wait & watch the market
    • Q506: If the MACD signal line crosses above the zero line and the McGinley Dynamic Indicator signal candle closes above the McGinley Dynamic Indicator line, we should?
      1. @ enter a buy trade
      2. enter a sell trade
      3. wait & watch the market
    • Q507: When multiple technical elements line up in the same direction, this is called?
      1. @ confluence
      2. a bad idea
      3. a bullish trend
    • Q508: The rising and falling blue bars on the Strong/Weak indicator show you?
      1. @ how strong or weak a currency is
      2. how popular a currency is
      3. how much a currency is expected to move
    • Q509: The index box of the Strong/Weak indicator shows you?
      1. which currency pairs to avoid
      2. which currency pairs are most popular
      3. @ which currency pair you should trade
    • Q510: The aggregate graph shows you?
      1. what price each currency is trading at
      2. @ how strong each currency is across all four timeframes
    • Q511: To find a trending currency that has retraced traders should?
      1. look for a currency that is strong on higher and lower time frames
      2. weak on higher & lower timeframes
      3. @ strong on higher timeframes but weak on lower timeframes
    • Q512: To find a ranging currency pair on the Strong/Weak indicator traders should look for?
      1. the blue bars to be dramatically opposite
      2. @ the blue bars to be the same in strength
      3. impossible to know from the Strong/Weak indicator
    • Q513: If the blue bars are rising on the Strong/Weak indicator this means the currency is?
      1. @ strengthening
      2. weakening
      3. ranging
    • Q514: If the blue bars are falling this means that the currency is?
      1. strengthening
      2. @ weakening
      3. ranging
    • Q515: To view currency strength across all four time frames in once place on the Strong/Weak indicator you should look at the?
      1. index box
      2. @ aggregate graph
      3. the blue bars
    • Q516: If two currencies are neither rising or falling we would expect their currency pair
      1. to be in a bullish trend
      2. @ to be ranging
      3. to be in a bearish trend
    • Q517: If CAD is strong on the higher timeframes but weaker on the lower time frames this shows?
      1. a breakout
      2. @ a pullback in a trend
      3. a ranging market
    • Q518: The strong/weak app can be used?
      1. as a directional guide
      2. as an entry tool
      3. @ both A & B
    • Q519: If CAD is strong and JPY is weak, CAD/JPY would be?
      1. ranging
      2. @ trending higher
      3. trending lower
    • Q520: A strong currency and a weak currency would produce a?
      1. range
      2. @ bullish trend
      3. bearish trend
    • Q521: A weak currency and a strong currency would produce a
      1. range
      2. @ bearish trend
      3. bullish trend
    • Q522: The Strong/Weak indicator can help you save?
      1. @ time
      2. money
      3. neither A or B
    • Q523: Stochastics is considered a?
      1. @ Oscillator
      2. Moving Average
      3. Resistance Level
    • Q524: When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?
      1. @ Overbought
      2. Oversold
      3. Neither
    • Q525: The Stochastic indicator can be used as a great tool to pick up on large market reversals.
      1. @ True
      2. False
      3. Rarely
    • Q526: When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?
      1. @ Oversold
      2. Overbought
      3. Ranging
    • Q527: When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.
      1. @ True
      2. False
      3. Rarely
    • Q528: Fading is a technique used to?
      1. @ Buy or sell at extreme levels
      2. Determine the market type you are trading
      3. A method of determining your profit targets
    • Q529: Stochastics is similar to what other indicators?
      1. MACD
      2. @ Relative Strength Index
      3. Moving Averages
    • Q530: If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?
      1. @ You have a good chance to enter a buy trade
      2. You have a good chance to enter a sell trade
      3. Neither
    • Q531: If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?
      1. You should stay out of the market
      2. You have a good chance of entering a buy trade
      3. @ You have a good chance of entering a sell trade
    • Q532: Stochastics is best used with?
      1. Candlestick Patterns, Economic Data & Support/Resistance Levels
      2. Fibonacci Levels & Trend Lines
      3. @ Both of the above answers
    • Q533: The 121 pattern is a?
      1. Candlestick
      2. @ Harmonic
      3. Indicator
    • Q534: When trading harmonics, what is extremely important?
      1. Symmetry
      2. Length of time the pattern formed
      3. @ Both the above answers
    • Q535: When identifying a 121 pattern, you apply the Fibonacci tool from?
      1. @ X to A
      2. A to B
      3. B to C
    • Q536: The 121 pattern only requires you to measure one swing.
      1. @ True
      2. False
      3. Sometimes
    • Q537: When you measure the 121 pattern, point B of the pattern needs to complete at?
      1. @ 61.8% or 78.6% of X to A
      2. 50% or 61.8% of X to A
      3. 23.6% or 78.6% of B to C
    • Q538: When you measure the 121 pattern, point D of the pattern needs to complete at?
      1. 61.8% or 78.6% of X to A
      2. @ 50% or 61.8% of X to A
      3. 50% or 78.6% of X to A
    • Q539: Point D of the bearish 121 pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Selling Zone
      3. @ Both
    • Q540: When measuring symmetry, the best tool to use is the?
      1. Rectangle
      2. Circle
      3. @ Triangle
    • Q541: The 121 pattern has how many swings to get to point D?
      1. 2
      2. 3
      3. @ 4
    • Q542: Why is the AB=CD pattern called what it is?
      1. @ Because the A-B leg and B-C leg should be equal in length
      2. Because that's the name harmonic traders gave it
      3. None of the above answers
    • Q543: What is the most important part of all harmonic patterns?
      1. @ Symmetry
      2. Size
      3. Point C
    • Q544: What is the point of finding the symmetry in harmonic patterns?
      1. @ To determine the length of time each part of the pattern formed
      2. To determine the exact size of the pattern
      3. To determine where point D of the pattern is
    • Q545: What is the easiest way to determine the symmetry of harmonic patterns?
      1. By using the rectangle tool
      2. By using the circle tool
      3. @ By using the triangle tool
    • Q546: When finding symmetry of the AB=CD pattern, we should?
      1. 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
      2. 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
      3. @ 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
    • Q547: When measuring the AB=CD pattern, the first swing we measure with the Fibonacci tool is?
      1. the A to C leg
      2. @ the A to B leg
      3. the C to D leg
    • Q548: Point C of the AB=CD pattern should line up at the?
      1. @ 61.8% or 78.6% Fibonacci level
      2. 50% or 78.6% Fibonacci level
      3. 78.6% or 127% Fibonacci level
    • Q549: Point D of the AB=CD pattern should line up at the?
      1. 61.8% or 78.6% Fibonacci level
      2. 50% or 61.8% Fibonacci level
      3. @ 127% or 161.8% Fibonacci level
    • Q550: Point D of the AB=CD pattern is the?
      1. Potential Reversal Zone (PRZ)
      2. Completion point of the pattern
      3. @ Both of the above answers
    • Q551: With a bullish AB=CD pattern, at point D we should look to?
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q552: With the bearish AB=CD pattern, at point D we should look to?
      1. Buy
      2. @ Sell
      3. None of the above
    • Q553: The AB=CD pattern can be found in?
      1. The Gartley Pattern
      2. The 3-Drive Pattern
      3. @ Most harmonic patterns
    • Q554: What does the AB=CD pattern and the Gartley Pattern have in common?
      1. They both have ABCD swings
      2. They both are harmonic patterns
      3. @ Both of the above questions
    • Q555: When measuring a Gartley pattern, where do you begin to measure?
      1. @ From the X to A swing
      2. From the B to C swing
      3. From the C to D swing
    • Q556: When measuring the X to A swing, point B should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 88.6% Fibonacci level
      3. @ The 61.8% Fibonacci level
    • Q557: When measuring the A to B swing, point C should be at?
      1. The 61.8% or 78.6% Fibonacci level
      2. The 38.2% or 127% Fibonacci level
      3. @ The 38.2% or 88.6% Fibonacci level
    • Q558: Point D of the Gartley pattern is called?
      1. The Potential Reversal Zone (PRZ)
      2. The Buying or Selling Zone
      3. @ Both of the above answers
    • Q559: With a bullish Gartley pattern, we should look to ______ at point D
      1. @ Buy
      2. Sell
      3. Stay out of the market
    • Q560: With a bearish Gartley Pattern, we should look to ______ at point D
      1. Buy
      2. @ Sell
      3. Stay out of the market
    • Q561: How many different swings do we have to measure in the Gartley pattern?
      1. 1
      2. 2
      3. @ 3
    • Q562: To find point D, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. A to B swing with the Fibonacci Retracement tool
      3. @ B to C swing with the Fibonacci Retracement tool
    • Q563: To find point C, we should measure the?
      1. X to A swing with the Fibonacci Retracement tool
      2. @ A to B swing with the Fibonacci Retracement tool
      3. B to C swing with the Fibonacci Retracement tool
    • Q564: To find point B, we should measure the?
      1. @ X to A swing with the Fibonacci Retracement tool
      2. B to C swing with the Fibonacci Retracement tool
      3. C to D swing with the Fibonacci Retracement tool
    • Q565: The 3-Drives pattern is similar to what other harmonic pattern?
      1. Gartley pattern
      2. 121 pattern
      3. @ AB=CD pattern
    • Q566: How many AB=CD patterns are in a 3-Drives pattern?
      1. 1
      2. @ 2
      3. 3
    • Q567: A 3-Drives pattern completes at point?
      1. @ 3
      2. D
      3. 2
    • Q568: When measuring a bullish 3-Drives pattern, you start where?

      1. @ At the start of the initial bearish move to point 1
      2. At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q569: When measuring a bearish 3-Drives pattern, you start where?
      1. At the start of the initial bearish move to point 1
      2. @ At the start of the initial bullish move to point 1
      3. From point 1 to point A
    • Q570: To get the Fibonacci measurement for point 2 of the 3-Drives pattern, you measure from?
      1. 2 to B
      2. Start to 1
      3. @ 1 to A
    • Q571: To get the Fibonacci measurement for point 3 of the 3-Drives pattern, you measure from?
      1. @ 2 to B
      2. Start to 1
      3. 1 to A
    • Q572: Point A of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 38.2% or 88.6%
      2. 127.2%
      3. @ 61.8%
    • Q573: Point B of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 127.2%
      2. @ 61.8%
      3. 38.2% or 88.6%
    • Q574: Point 2 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. @ 127.2%
      2. 38.2%
      3. 88.6%
    • Q575: Point 3 of the 3-Drives pattern has to line up with which Fibonacci retracement?
      1. 61.8%
      2. @ 127.2%
      3. 113%

    • Q576: What is the most important thing when finding harmonic patterns?
      1. Checking the symmetry
      2. Making sure the swings line up at the right levels
      3. @ Both of the above answers
    • Q577: What is the best tool used to check the symmetry of most harmonic patterns?
      1. @ The triangle tool
      2. The circle tool
      3. The trend line tool
    • Q578: How is the Butterfly pattern similar to other harmonic patterns?
      1. You start measuring from X to A
      2. It has XABCD points
      3. @ Both of the above answers
    • Q579: When measuring the Butterfly pattern, point B should line up at the _______ Fibonacci retracement level
      1. @ 78.6%
      2. 61.8%
      3. 38.2%
    • Q580: When measuring the A to B leg of the Butterfly pattern, point C should line up at the ______ Fibonacci retracement level
      1. 61.8% or 78.6%
      2. @ 38.2% or 88.6%
      3. 127.2% or 161.8%
    • Q581: When measuring the B to C leg of the Butterfly pattern, point D should line up at the ______ Fibonacci level
      1. @ 161.8% or 261.8% extension
      2. 127% or 161.8% extension
      3. 78.6% or 88.6% retracement
    • Q582: Point D of the Butterfly pattern should line up at the?
      1. @ 161.8% or 261.8% extension of B to C and 127.2% or 161.6% extension of X to A
      2. 161.8% or 261.8% extension of B to C
      3. 127.2% or 161.6% extension of X to A
    • Q583: Point D of all harmonic patterns is called the?
      1. Potential Reversal Zone

      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q584: The Butterfly patterns completion point is outside of the structure of the pattern?
      1. @ True
      2. False
      3. Sometimes
    • Q585: What is the difference between the Bat pattern and the Butterfly pattern?
      1. @ The Butterfly completes outside of the structure of the pattern
      2. The Bat pattern completes outside of the structure of the pattern
      3. Both of the above answers
    • Q586: When measuring the Bat pattern, where do we start measuring our first swing with the Fibonacci retracement tool?
      1. From A to B
      2. From B to C
      3. @ From X to A
    • Q587: What does the Bat pattern have in common with the Butterfly and Gartley pattern?
      1. @ They all have XABCD points
      2. They only have ABCD points
      3. None of the above
    • Q588: To find the B point of the pattern, you have to start by measuring from _______ with the Fibonacci retracement tool
      1. @ X to A
      2. A to B
      3. B to C
    • Q589: The B point of the Bat pattern has to complete where?
      1. @ At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. At the 127.2% or 161.8% Fibonacci extension level
    • Q590: The C point of the Bat pattern has to complete where?
      1. At the 38.2% or 50% Fibonacci retracement level
      2. At the 78.6% or 88.6% Fibonacci retracement level
      3. @ At the 38.2% or 88.6% Fibonacci retracement level
    • Q591: The D point of the Bat pattern has to complete where?
      1. At the 88.6% of X to A
      2. @ At the 88.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
      3. At the 78.6% retracement of X to A and the 161.8% or 261.8% extension of B to C
    • Q592: Why do we want to use the triangle tool to check the symmetry of the Bat pattern?
      1. To determine the length of time each wing formed over
      2. To determine the quality of the harmonic pattern
      3. @ Both of the above answers
    • Q593: What tool do we use to check the symmetry of the Bat pattern?
      1. @ Triangle tool
      2. Circle tool
      3. Rectangle tool
    • Q594: Which of these harmonic patterns complete outside of the structure of the harmonic pattern?
      1. The Crab pattern
      2. The Butterfly pattern
      3. @ Both of the above answers
    • Q595: What is the difference between the Crab pattern and the Bat pattern?
      1. @ The Bat pattern completes within the structure of the pattern
      2. The Bat pattern has XABCD points
      3. The Bat pattern is used to catch big turn arounds in the market
    • Q596: When measuring the Crab pattern, point D completes between?
      1. 161.8% or 261.8% Fibonacci extension of B to C
      2. @ 224% or 361.8% Fibonacci extension of B to C
      3. 127.2% or 161.8% Fibonacci extension of B to C
    • Q597: When measuring the Crab pattern, point D completes between?
      1. 127% Fibonacci extension of B to C
      2. @ 161.8% Fibonacci extension of X to A
      3. 224% Fibonacci extension of A to B
    • Q598: When you measure from X to A, point B should complete between?
      1. @ 38.2% or 61.8% Fibonacci retracement of X to A
      2. 38.2% or 88.6% Fibonacci retracement of B to C
      3. 50% Fibonacci retracement of X to A
    • Q599: When you measure from A to B, point C should complete between?
      1. 38.2% or 61.8% Fibonacci retracement of X to A
      2. @ 38.2% or 88.6% Fibonacci retracement of A to B
      3. 50% or 88.6% Fibonacci retracement of X to A
    • Q600: When you measure from point B to C, point D should complete between?
      1. @ 224% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      2. 224% or 127.2% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
      3. 127.2% or 361.8% Fibonacci extension of B to C and 161.8% Fibonacci extension of X to A
    • Q601: Point D of a bullish Bat pattern is where we would look to?
      1. Buy (set longs)
      2. @ Sell (short)
      3. Stay out of the market
    • Q602: When checking the symmetry of the Bat pattern, the best tool to use is the?
      1. @ Triangle
      2. Circle
      3. Rectangle
    • Q603: How is the 5-0 pattern different than the Bat, Crab, Butterfly and Gartley?
      1. The pattern has an initial 0-X swing which isn't measured
      2. The pattern has an initial 0-X swing which leads into the setup of the pattern
      3. @ Both of the above answers
    • Q604: When measuring the 5-0 pattern with the Fibonacci retracement tool, where do you start?
      1. @ The X to A swing
      2. The 0 to X swing
      3. The A to B swing
    • Q605: When measuring the 5-0 pattern, point D completes at?
      1. @ 50% Fibonacci retracement of the B to C swing
      2. 161.8% or 224% Fibonacci extension of the A to B swing
      3. 127% or 161.8% Fibonacci extension of the X to A swing
    • Q606: When measuring the initial X to A swing, point B completes at the?

      1. 113% or 127% Fibonacci extension of the X to A swing
      2. 113% or 224% Fibonacci extension of the X to A swing
      3. @ 113% of 161.8% Fibonacci extension of the X to A swing
    • Q607: When measuring the second A to B swing, point C completes at the?
      1. @ 161.8% or 224% Fibonacci extension of the A to B swing
      2. 224% or 361.8% Fibonacci extension of the A to B swing
      3. 78.6% or 88.6% Fibonacci retracement of the X to A swing
    • Q608: At point D of the bullish 5-0 pattern, we should look to?
      1. @ Buy (set longs)
      2. Sell (set shorts)
      3. Stay out of the market
    • Q609: At point D of the bearish 5-0 pattern, we should look to?
      1. Buy (set longs)
      2. @ Sell (set shorts)
      3. Stay out of the market
    • Q610: The D point of the 5-0 is called the?
      1. Potential Reversal Zone (PRZ)
      2. Buying or Selling Zone
      3. @ Both of the above answers
    • Q611: The 5-0 pattern structure is different than the Crab, Bat and Gartley
      1. @ True
      2. False
      3. Sometimes
    • Q612: Which are the only two harmonic patterns where the second low is lower than the first low?
      1. @ 5-0 pattern & Shark pattern
      2. Bat pattern & Butterfly pattern
      3. Gartley pattern & Crab pattern
    • Q613: The Shark pattern turns into a __________ when price trades back into the 50% Fibonacci retracement after completing?
      1. Gartley pattern
      2. @ 5-0 pattern
      3. Doji
    • Q614: With the Shark pattern, after the initial 0-X swing is complete, the X-A leg needs to complete at what Fibonacci retracement level?
      1. @ None
      2. 38.2%
      3. 50%
    • Q615: Point (C) on the Shark pattern is the _____________ zone of the pattern where the _______________ Fibonacci levels line up?
      1. @ Potential reversal zone/88.6% or 113% of 0-X & 161.8% or 224% of A-B
      2. Buying zone/113% of 0-X & 161.8% of A-B
      3. Selling zone/88.6% of 0-X & 224% of A-B
    • Q616: Symmetry in harmonics tells us?
      1. The length of time each wing of the pattern formed over
      2. The quality & strength of the pattern
      3. @ Both A & B
    • Q617: 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.
      1. @ True
      2. False
      3. Sometimes
    • Q618: The easiest way to look for Shark patterns is by looking at the second low & making sure it is lower than the first low.
      1. @ True
      2. False
      3. Sometimes
    • Q619: The Shark pattern can complete inside or outside the structure of the pattern.
      1. @ True
      2. False
      3. Sometimes
    • Q620: Scalpers aim for a profit target of?
      1. 5-30 pips
      2. 30-50 pips
      3. @ 2-20 pips
    • Q621: What type of trading method is acceptable for Scalping?
      1. Trading breakouts
      2. Trading reversals
      3. @ Both
    • Q622: Scalpers use more leverage because?
      1. They take advantage of short price actions
      2. They want to make more money in a short period of time
      3. @ Both
    • Q623: What charts do Scalpers usually look for entries?
      1. Higher time frames than H1
      2. @ Lower time frames than H1
      3. Both
    • Q624: What money management scenarios are acceptable?
      1. 2:1 RvR
      2. 3:1 RvR
      3. @ Both
    • Q625: What kind of trader would be good at Scalping?
      1. A trader who likes to set positions and leave
      2. @ A trader who likes to study the market
      3. A trader who likes to gamble
    • Q626: What does candlestick confirmation give us?
      1. Another layer of safety
      2. A precise place to enter
      3. @ Both
    • Q627: What specific strategies did we learn in the scalping class?
      1. Scalping breakouts
      2. Scalping Fibonacci levels
      3. @ Both, and support & resistance levels
    • Q628: Do scalpers just chase the market?
      1. @ No, they stick to a specific criteria that they have demo traded
      2. Yes, they have to act fast so they jump in without thinking
      3. Sometimes, if you feel like it’s a good idea
    • Q629: What market type does Scalping work best in?
      1. Ranging Markets
      2. @ Trending Markets
      3. Channels
    • Q630: Once price makes a big move...
      1. Corrections never happen
      2. It can go forever
      3. @ This is a great way to scalp corrections
    • Q631: Confluence is?
      1. Combining Harmonics, Candlesticks, Support & Resistance Levels, Fibonacci Levels
      2. Combining Trend lines, Economic Data, New Releases and Investor Risk Appetite
      3. @ Combining all of the above
    • Q632: The best traders use _________ to take a trade.
      1. @ Confluence
      2. Moving averages
      3. MACD
    • Q633: When a detective builds a case, they gather lots of evidence before they make a decision. In trading, what is this called?
      1. @ Confluence, building the best case to take a trade
      2. Supply
      3. Risk vs Reward
    • Q634: What's the most important thing in trading?
      1. Risk Management & Money Management
      2. Position Sizing
      3. @ All of the above