Forex Trading Quiz – Level 6
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Written by Tom Chen
It’s time to test your knowledge of what you learned in Forex Trading Course 6 – Fibonacci Support and Resistance. Good luck and remember to share your results with us.
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Question 1 of 20
1. Question
Fibonacci ratios are used by some traders to determine…
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Question 2 of 20
2. Question
Which of the following is NOT a Fibonacci ratio?
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Question 3 of 20
3. Question
Before you can calculate Fibonacci levels on a chart, you must first locate…
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Question 4 of 20
4. Question
What is the next number in this Fibonacci sequence: 5, 8, 13, 21?
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Question 5 of 20
5. Question
Fibonacci levels are …
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Question 6 of 20
6. Question
The golden ratio is the Fibonacci retracement ratio of…
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Question 7 of 20
7. Question
Complete the Fibonacci sequence below
0,1,1,2,3,5,8,__,__,__,55,__144.CorrectIncorrect -
Question 8 of 20
8. Question
The Fibonacci retracement tool works better when ____
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Question 9 of 20
9. Question
When the market is in an uptrend, you would draw Fibonacci retracements by__
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Question 10 of 20
10. Question
The Fibonacci retracement tool works better when the market is___
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Question 11 of 20
11. Question
Fibonacci retracement levels can be used to identify potential areas of…
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Question 12 of 20
12. Question
The appearance of a candlestick pattern on the fib support and resistance level implies __
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Question 13 of 20
13. Question
Fibonacci retracement and extension levels can increase your chances of ______when used to trade but are_____
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Question 14 of 20
14. Question
The following are true about Fibonacci retracement levels.
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Question 15 of 20
15. Question
A Swing High is a candlestick with…
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Question 16 of 20
16. Question
Which of the following is not a Fibonacci retracement level?
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Question 17 of 20
17. Question
When the market is on an uptrend, you would ideally…
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Question 18 of 20
18. Question
You can use the Fibonacci tool to help you find potential entry points.
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Question 19 of 20
19. Question
As much as possible, you should rely purely on Fib levels as support and resistance points as the basis for stop loss placement.
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Question 20 of 20
20. Question
One of the best ways of using the Fibonacci tool is…
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