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 | Opening up lots of unnecessary programs on the PC |
B | Get greedy and go all in so you can make as much money as possible during the trading session |
C | Ignore that news is getting released and keep trading |
D | Good internet access, having available snacks and beverages and enough rest |
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 | Indices |
B | Commodities |
C | Currencies |
D | All of the above, Binary options is simplified trading |
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 test my strategy Hint: Only partially correct! |
C | To learn how the broker’s platform works 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 | Actually nothing more than a sugarcoated bonus trap |
B | Money you can withdraw immediately after registration Hint: Are you kidding me? |
C | Great way of earning some extra cash upon deposit |
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 | You are better off trusting signal services to make decisions for you Hint: If you think so read the article ones again! |
B | Social trading is better and CommuniTraders is the way to go |
C | Robots are the best and most accurate traders Hint: If you think so read the article ones again! |
D | Free signal services are often the worse kind |
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 | Wall street sharks knowing a lot about how to profit on the market Hint: Think again! Are they really? |
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 | Nothing but desperate scammers and affiliate marketers |
Question 7 |
What are Japanese Candlesticks?
From the article: Binary Options Charts – Why, What, How?
A | Something you probably find in Chinatown Hint: You are kidding! |
B | A type of chart that shows in depth price information |
C | Horizontal lines drawn to show support and resistance Hint: They are not lines |
D | One form of fundamental analysis |
Question 8 |
A | Allows you to postpone your expiry |
B | Risky trading method |
C | A situation in which traders roll over on the ground after a losing streak |
D | Closing your trade before your expiry |
Question 9 |
What is Early Exit?
From the article: Risk Management Tips in Binary Options Trading
A | A feature that allows you to close your trade before it reaches expiration Hint: Close but not the right answer! |
B | Strategy used to find exit points earlier |
C | A feature that allows you to take profit or cut your losses short before expiration |
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 | Trading tips, analysis and forecasts from Pro traders |
B | Strategies and tools |
C | People chatting and asking random stuff |
D | Broker’s and signal service’s ads |
Question 11 |
The best Binary Options Brokers…
From the article: Even the Best Companies in the World Suck Sometimes
A | Are simply flawless |
B | Have account managers |
C | Suck sometimes |
D | Are scammers Hint: If they are the best they shouldn’t be scammers? |
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 you are consistently losing even though you are following the strict rules of the strategy |
C | If one is required to trade against the main trend Hint: Sometimes trading against the crowd is good choice. |
D | If it’s not recommended by a Guru |
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 | A Hax0r |
B | Someone who wants to disagree with everything |
C | Damn, that’s me… I promise I can change! |
D | The type that only reads the posts but never gives any opinions or asks questions on the discussed matter |
Question 14 |
You should always trade when you are…?
From the article: Trader’s Tales – Igor the (Occasionally Drunk) Shark
A | Sober and focused |
B | Receiving signals from your Signal Service Provider |
C | Drinking wine rather than vodka |
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 | Make the minimum deposit, guess the direction of the trend and start trading |
B | What risks? I’m going to make 500$ per hour! |
C | Signing up with a trusted Signal Service Provider, learning from a Guru and following your account managers tips |
D | Correct education, Small investments and a trustworthy strategy that you’re confident in using |
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