PreSchool Test Part 3
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Question 1 |
Before trading, it’s recommended to have and prepare the following:
From the article: Preparing yourself for Trading Binary Options
A | Good internet access, having available snacks and beverages and enough rest |
B | Opening up lots of unnecessary programs on the PC |
C | Ignore that news is getting released and keep trading |
D | Get greedy and go all in so you can make as much money as possible during the trading session |
Question 2 |
Which of the following assets are easiest to trade?
From the article: Make Easy Money with Binary Options – Where Do I Sign?
A | Commodities |
B | Indices |
C | All of the above, Binary options is simplified trading |
D | Currencies |
Question 3 |
Why should you practice on a demo account before trading live?
From the article: Binary Options Brokers Most Stupidest Reasons for Not Offering a Demo Account
A | I shouldn’t, my account manager is better than a demo account |
B | To learn how the broker’s platform works Hint: Only partially correct! |
C | To test my strategy Hint: Only partially correct! |
D | Both A & B are correct. |
Question 4 |
Free no deposit bonuses are…
From the article: Free Bonus, No Deposit Needed? You are Most Probably Kidding Me
A | Money you can withdraw immediately after registration Hint: Are you kidding me? |
B | Great way of earning some extra cash upon deposit |
C | Actually nothing more than a sugarcoated bonus trap |
D | Welcome gift |
Question 5 |
In the article about avoiding signal service providers scam you learned that…
From the article: The Five Commandments You Need to Know in Order to Avoid Signal Service Providers Scams
A | Free signal services are often the worse kind |
B | Robots are the best and most accurate traders Hint: If you think so read the article ones again! |
C | You are better off trusting signal services to make decisions for you Hint: If you think so read the article ones again! |
D | Social trading is better and CommuniTraders is the way to go |
Question 6 |
Binary options Gurus claiming they have the ultimate formula for riches are…
From the article: What a Sunny Day for a Good Binary Options Guru Education
A | Nothing but desperate scammers and affiliate marketers |
B | Kind, rich and successful traders sharing their strategies with us Hint: If they are why should they waste time with marketing and education? |
C | Exactly the kind of people you need to listen to |
D | Wall street sharks knowing a lot about how to profit on the market Hint: Think again! Are they really? |
Question 7 |
What are Japanese Candlesticks?
From the article: Binary Options Charts – Why, What, How?
A | One form of fundamental analysis |
B | Something you probably find in Chinatown Hint: You are kidding! |
C | Horizontal lines drawn to show support and resistance Hint: They are not lines |
D | A type of chart that shows in depth price information |
Question 8 |
A | Allows you to postpone your expiry |
B | Closing your trade before your expiry |
C | Risky trading method |
D | A situation in which traders roll over on the ground after a losing streak |
Question 9 |
What is Early Exit?
From the article: Risk Management Tips in Binary Options Trading
A | A feature that allows you to take profit or cut your losses short before expiration |
B | Strategy used to find exit points earlier |
C | A feature that allows you to close your trade before it reaches expiration Hint: Close but not the right answer! |
D | Strategy used for entering trades fast and repeatedly |
Question 10 |
In the Weekly/Monthly and Daily Trading Room in CommuniTraders Forum you’ll find…
From the article: Introduction To BOTS Forum – Where the Action Happens
A | People chatting and asking random stuff |
B | Strategies and tools |
C | Broker’s and signal service’s ads |
D | Trading tips, analysis and forecasts from Pro traders |
Question 11 |
The best Binary Options Brokers…
From the article: Even the Best Companies in the World Suck Sometimes
A | Suck sometimes |
B | Are scammers Hint: If they are the best they shouldn’t be scammers? |
C | Have account managers |
D | Are simply flawless |
Question 12 |
When should a strategy be abandoned?
From the article: The Worst Binary Options Strategy. Ever. Real Story
A | If a professional trader suggested the use of the strategy |
B | If it’s not recommended by a Guru |
C | If one is required to trade against the main trend Hint: Sometimes trading against the crowd is good choice. |
D | If you are consistently losing even though you are following the strict rules of the strategy |
Question 13 |
In the forums, what kind of person is the lurker?
From the article: One Comment Worth’s a 1000 Dollars: How to Prevent Binary Options Scams on Forums
A | The type that only reads the posts but never gives any opinions or asks questions on the discussed matter |
B | A Hax0r |
C | Damn, that’s me… I promise I can change! |
D | Someone who wants to disagree with everything |
Question 14 |
You should always trade when you are…?
From the article: Trader’s Tales – Igor the (Occasionally Drunk) Shark
A | Receiving signals from your Signal Service Provider |
B | Drinking wine rather than vodka |
C | Sober and focused |
D | As drunk as Jackie Chan in the movie “Drunken Master” |
Question 15 |
You can manage your risks in the following 3 steps:
From the article: How I Manage My Risk in 3 Steps
A | What risks? I’m going to make 500$ per hour! |
B | Make the minimum deposit, guess the direction of the trend and start trading |
C | Correct education, Small investments and a trustworthy strategy that you’re confident in using |
D | Signing up with a trusted Signal Service Provider, learning from a Guru and following your account managers tips |
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All done
Need more practice. Do NOT proceed to Primary School
Ok, you probably haven't read all articles. Go over them again
Not bad! You should review your wrong answers and do the test again
Good work, not much to improve. Go over your wrong answers and proceed to Part 2
Perfect! You should defiantly start Primary School!