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BOTS? Get to Know BinaryOptionsThatSuck.com!

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Hey There! First, let me just tell you that you've reached the right place. Before you dive into reading and learning, let's see how well do you know us. So, BOTS or Bots, which one are we? And what are we doing here? Bring it on!

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Question 1

Why Join Communitraders?

A	Social trading, Demo trading forum
B	Opportunity for income
C	Its totally free and never expires
D	All of the above

Question 2

What Is Social Trading

A	Where trades are copied into your account automatically Hint: That is called copy trading and we don’t like it here.
B	Tips and signals that you have to follow Hint: No! Don’t let people dictate what you should do.
C	Automated traded software Hint: Again with the softwares? Try D.
D	A community of traders learning from and teaching each other to be successful Hint: Good. You are a true social trader!

Question 3

What is BOTS?

A	An automated binary trading robot Hint: No! Those are the evil robots that wipe your account!
B	A new virus sweeping the globe Hint: What, you calling our website a virus? Try again!
C	BinaryOptionsThatSuck.com Hint: You got it! This is the place to be
D	Binary option trading software Hint: Forget about the softwares for a second and try again.

Question 4

What Can Be Found On The Forum

A	Threads on trading tools
B	Threads on trading strategies
C	Tips, Signals and Analysis
D	All of the above

Question 5

What is BinaryOptionsThatSuck.com?

A	Affiliate marketing scam
B	Educational website
C	Social trading website
D	Both 2 and 3

Question 6

What is the best thing for the future of binary options?

A	Regulation/Recognition Hint: Regulation and reputation are both important but there is more!
B	Standardization Hint: Sure but there is more to it…
C	Social Trading Hint: No, that’s just one part of the story
D	All of the above Hint: Yes, that’s the future of Binary Options!

Question 7

What is Communitraders?

A	Social and demo trading platform
B	Forum filled with pros, news, discussion, analysis and trading ideas
C	A source of free trading signals and tips
D	All of the above

Question 8

We love binary options and social trading because

A	It is fun
B	It is rewarding
C	It is profitable
D	All of the above

Question 9

Why is trading education important at BOTS?

A	It isn't, we don't care Hint: Ooo a tough guy, doesn’t need education, try C.
B	Every person should be able to make their own trades Hint: You’re sooo close! How about “good trades?”
C	Every person should be able to make their own good trades Hint: Very true, and for that you need education!
D	Because we sell it Hint: So you missed all the free articles and the free demo platform?

Question 10

Are binary options scams?

A	No, they are a viable trading method
B	Yes, we're in cahoots with the whole thing
C	There are scams, we like to uncover and expose them
D	Both 1 and 3

Question 11

To Get Tips From The Geek You Have To

A	Sign up with a broker
B	Pay a fee
C	Absolutely nothing, they are free
D	Join CT

Question 12

We Use Humor Because

A	It hides our ignorance Hint: beep Wrong!
B	We're not serious Hint: You are the one not being serious right now!
C	We don't take our selves too seriously Hint: Sometimes I… no but that’s not the right answer.
D	We want you to relax! Hint: Right! Take it easy, the world outside is crazy enough

Question 13

Who is BinaryOptionsThatSuck.com?

A	A bunch of marketing pros with no trading experience Hint: I’m glad you are a skeptic but I’ll let our education speak for itself!
B	A team of real forex, stock and option traders who can write Hint: Correct, so make sure you read as much articles as you can and skill up fast.
C	Martin Kay, he does it all by himself Hint: Last time I checked he wasn’t a robot so I don’t think so!
D	A troop of monkey boys just following the crowd Hint: You have watched ‘Planet of the Apes’ way too many times.

Question 14

How do you join Communitraders?

A	You don't, you have to be invited Hint: I hope you don’t mean that, try C.
B	It's affiliate, just deposit with a broker! Hint: Absolutely not required, all free!
C	Simply sign up for the forum, its free Hint: Exactly, then I will see you in the forums soon ok?
D	Prove yourself through a trial by fire (make friends on the forum ;-) Hint: This isn’t some action movie, drama queen!

Question 15

How much does it cost to join BOTS?

A	An arm and a leg
B	Its free, just sign up with one of our brokers
C	Its completely free
D	$100 montly fee

Question 16

BOTS recommends that all newbies

A	Copy other, better traders Hint: You can, but what’s the point if you don’t learn?
B	Sign up with a signal service Hint: No, we dislike signal services here!
C	Sign up with an auto trader Hint: Ooor, just give your money to me, I will keep it safe ;)
D	Join the community and learn to trade for yourself Hint: That’s the spirit, become the wolf of CommuniTraders!

Question 17

The forum is filled with

A	Advertisements Hint: Where, show me? Evidence please!
B	Affiliate marketers Hint: Didn’t you see we banned them immediately?
C	Scams Hint: If you see one, report it and I will deal with it.
D	Real traders Hint: That’s us! Come lets trade, enough with the tests!

Question 18

We rank our brokers based on

A	User friendliness
B	Payouts/Withdrawals
C	Regulation
D	All of the above

Question 19

What is BinaryOptionsThatSuck.com?

A	A website for binary options reviews
B	A website for binary options tools and strategies
C	A website for binary options education and advancement
D	All of the above

Question 20

What is a bot?

A	Binaryoptionsthatsuck.com Hint: I am not a robot… I think… wrong answer
B	Helpful trading software Hint: Really? Are they that helpful? You know better than that!
C	Total scam Hint: Could be, but they are more like a tool, a questionable one.
D	Questionable trading tool Hint: That’s right, always be skeptic.

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Final Preschool Test

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Welcome to PreSchool Section Test!

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Congratulations! You've Just Completed Final Preschool Test.

You scored %%SCORE%% out of %%TOTAL%%.

Last words from BOTS School Team:

%%RATING%%

Your answers are highlighted below.

Question 1

What is a Binary Options Demo account?

From the Article Free Binary Options Demo Account

A	An account provided by the broker where the trader can experience real market trading conditions but using “virtual money” (demo money) Hint: You’re good, maybe time you go live?
B	It is a real account Hint: The market conditions are real, not the money, try again
C	An account provided by the broker with some special features Hint: But what exactly is special here? Think virtual balance!
D	A video that shows you how to trade Hint: No, remember we are talking about accounts!

Question 2

When using Touch/No Touch options, your “Touch” option will be profitable if:

From the Article Types of Binary Options – A Straightforward Explanation

A	At expiry time, the target price is not reached
B	At expiry time, price is lower than it was at the opening of the trade Hint: It’s Touch, not “Can’t touch this”
C	The target price is reached more than twice until the expiry time Hint: Twice, really? How did you come up to that conclusion?
D	The target price is reached at least one time until expiry time Hint: Yes! You certainly CAN touch this =).

Question 3

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	Social trading is better and CommuniTraders is the way to go
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	Free signal services are often the worse kind

Question 4

What is Paper Trading?

From the Article Paper Trading – One Step Closer to Trading for a Living

A	Buying and selling paper on the Intergalactic Paper Exchange and hoping to get rich Hint: Why would they need paper when they have holograms!
B	A way of testing your strategies without investing money. It is similar to Demo trading Hint: Right! When you don’t have access to a demo, you can paper trade!
C	Exchanging paper currency for metal currency Hint: Which universe was that again? Tyr again!
D	The new Binary options Trading Style Hint: No, no new styles invented for binaries yet. Testing strategies it is!

Question 5

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	To learn how the broker’s platform works Hint: Only partially correct!
B	To test my strategy Hint: Only partially correct!
C	I shouldn’t, my account manager is better than a demo account Hint: Well, if he pays for your losses then be my guest…
D	Both test platform and strategy are correct. Hint: That’s true and very important! Keep it up.

Question 6

What’s a forum “wannabe”?

From the Article One Comment Worth’s a 1000 Dollars: How to Prevent Binary Options Scams on Forums

A	Don’t know, but I like that Spice Girls single
B	A market guru. I will always follow the recommendations of this kind of guys
C	A dude who thinks he is a trader just because he read a couple of books on trading and wants everybody to acknowledge him as a great trader. In fact he is inexperienced and not very bright
D	It’s me a couple of years ago

Question 7

When using IN/OUT options, your “IN” option will be profitable if:

From the Article Types of Binary Options – A Straightforward Explanation

A	At expiry time, the price is inside a predefined channel Hint: You know your options! Continue to the next questions
B	At expiry time, price is outside of two predefined levels Hint: No, think inside the box!
C	The target price is reached at least one time until expiry time Hint: Those are called Touch Options, try again
D	At expiry time, price is higher than it was at the opening of the trade Hint: Those are called Call Options, think channels!

Question 8

Do all trades suggested by the trade signal provider are In the Money at expiry time?

From the Article Binary Options Signals

A	No, this is not the Holy Grail, but it gives the trader a certain direction
B	Yes, every single trade is in the Money, when the provider is really good
C	Not at all. Signal providers only guess and their trades are mostly Out of the Money
D	All signal providers are scam

Question 9

What’s the lesson learned from this article?

From the Article Trader’s Tales – The Sucker Always Lose

A	Learn to have patience Hint: Fair enough but did you read all of the answers first?
B	Educate yourself before investing Hint: Fair enough but did you read all of the answers first?
C	Don’t just play with money Hint: Fair enough but did you read all of the answers first?
D	All are true Hint: You seem prepared!

Question 10

What is the meaning of “In the Money”?

From the Article What are Binary Options

A	Trader’s prediction came true and upon expiration he receives the full payout Hint: Great! Now that’s a good start, let’s move on!
B	Trader’s prediction is false and all the money goes to the broker Hint: We are just getting started… Sure you want to continue?
C	It means that the option is fully leveraged with the traders money Hint: We are just getting started… Sure you want to continue?
D	It means that the trader have money in his account Hint: We are just getting started… Sure you want to continue?

Question 11

Is a very high bonus always a wise choice?

From the article Binary Options Bonus

A	Yes it is the best choice Hint: No, you can do better than this… not?
B	It is a wise choice, because you will not lose your money if trades go wrong Hint: No, you can do better than this… not?
C	No , because the trading volume needed for withdrawal increases a lot if I receive a big bonus Hint: You must’ve studied quite hard!
D	No, because no one broker will allows you to withdraw the bonus Hint: No, you can do better than this… not?

Question 12

What is a Call Option?

From the Article Binary Options Glossary

A	A common type of Binary Options that expresses a traders belief that price will be higher at expiry than it was when he bought the option
B	A common type of Binary Options that expresses a traders belief that price will be lower at expiry than it was when he bought the option
C	A specific Binary Option type, which is suitable for longer time frame trading
D	A specific Binary Option type, which is suitable for shorter time frame trading

Question 13

What is the expiry for a 60 second Binary Option?

From the Article 6 Opinions, 60 Seconds – Expert Traders on 60 Seconds Options

A	60 seconds from the time when I placed the trade
B	60 seconds before the end of the day
C	60 seconds after all my other options expire
D	Could you stop with all the questions? What are you, The Police?

Question 14

What is the meaning of “Out of the Money”?

From the Article What are Binary Options

A	Trader’s prediction is right and all the money goes to the trader Hint: No, that is In the Money, try again!
B	It means that the option is not fully leveraged and could not be traded Hint: Wrong, think in terms of wins and losses!
C	The trader predicted wrong the outcome and he loses the entire amount invested in that particular trade Hint: True! Good thing we have money management right?
D	It means that the trader hit margin call Hint: I think you are watching too many movies, try again!

Question 15

What is the main disadvantage of a big bonus?

From the Article 6 (Too) Common Mistakes Binary Options Traders Love Doing

A	There is no disadvantage! I have more money to trade. Yeaaah! Hint: Nah, wait till you hear the terms and conditions… kind of, ties your money
B	It makes you trade on money you don't have Hint: Well, I see what you mean but not really true
C	It ties my own deposited money to the platform Hint: Correct answer! That’s why you should always read the T & C
D	I have to prove I am a good trader and only then the broker will reward me with a bonus Hint: Hehehe… is my laughter enough or do I have to spell it out for you? WRONG

Question 16

What is a Put Option?

From the Article Binary Options Glossary

A	A specific Binary Option type, which is suitable for shorter time frame trading Hint: No, you are thinking of expiries, think price direction!
B	A common type of Binary Options that expresses a traders belief that price will be higher at expiry than it was when he bought the option Hint: Nope, now what do we CALL that? Yes Call Option!
C	A common type of Binary Options that expresses a traders belief that price will be lower at expiry than it was when he bought the option Hint: Put the Cookie down! Now!! 1 point for you!
D	A specific Binary Option type, which is suitable for longer time frame trading Hint: Sorry, this question isn’t about duration, think direction!

Question 17

When using UP/DOWN Binary Options, a Call option will be In the Money if:

From the Article Types of Binary Options – A Straightforward Explanation

A	At expiry time, price is higher than it was at the opening of the trade Hint: Good start!
B	At expiry time, price is lower than it was at the opening of the trade Hint: Wrong, that’s a put option.
C	At expiry time, price is between two predefined levels Hint: Noooo those are boundaries!!!
D	It is bought for specific amount of money Hint: It is what now? Call remember?

Question 18

What is a signal provider?

From the Article Binary Options Signals

A	An old shaman that uses fire to emit smoke signals Hint: Sigh… Did you take the test to mess around?
B	A Binary Options expert or an automated robot specialized in Binary Options trading that provides traders with trade suggestions called signals Hint: With your knowledge, I don’t think you will need any signals!
C	A broker who provide specific signals to his clients Hint: Could be but that wasn’t the point.
D	A man who is a sales person and market brokers services Hint: Getting things mixed up now aren’t we?

Question 19

What are the Roll Over and Close Now tools for Binary Options?

From the Article Roll Over and Close Now Tools: What They Are And How To Use Them?

A	“Roll Over” extends the expiry time of a Binary Option and “Close Now” allows you to close your trade without waiting for it to expire
B	Roll over is something I say to my dog
C	When I’m near my home coming from work I say I’m “Close now”

Question 20

What are Binary Options?

From the Article What are Binary Options

A	Binary Options are new generation standard options, which pays a specific amount depending of the price of the underlying asset at the expiry time.
B	An all-or-nothing type of option which means that if the trader was right in his prediction he will receive the full payout and if he was wrong, he loses the entire amount invested in that trade. Nowadays, some brokers offer a small refund even if the trader was wrong.
C	Binary Options are scam product offered to steal money from the clients
D	Binary Options are options that are traded on the electronic markets

Question 21

Should I invest with a broker that is not regulated or run away as fast as I can?

From the article Binary Options Regulation

A	You should run away fast, because this broker will steal your money Hint: Are you just randomly selecting answers? Come on try again.
B	Forget about regulations, you need to know personally the CEO of the company, that’s it Hint: Yeah better start packing then, need to move to Cyprus.
C	All unregulated brokers are scam Hint: Are you just randomly selecting answers? Come on try again.
D	Regulation is a very important aspect, and it certainly adds extra confidence but it is not a must and some honest brokers are not regulated yet because Binary Options as we know them are still in the early stages. If a broker is not regulated, that alone doesn’t constitute a scam. Hint: Of course! You are steps away from graduation buddy.

Question 22

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	Damn, that’s me… I promise I can change! Hint: I knew it, go make some posts let us know you are lurking in the shadows.
B	A Hax0r Hint: That’s probably a Troll
C	Someone who wants to disagree with everything Hint: Or a Hydralisk that morphs into a lurker, StarCraft fan anyone?
D	The type that only reads the posts but never gives any opinions or asks questions on the discussed matter Hint: Or a Hydralisk that morphs into a lurker, StarCraft fan anyone?

Question 23

Is OptionBot trading software or an indicator?

From the Article OptionBot Software – The Account Terminator

A	Software
B	Indicator
C	It’s a battery operated robot
D	neither Indicator nor Software

Question 24

What parameters don’t apply to the Binary Option market?

From the Article The Risk Management Calculator – The ABC of Binary Options

A	Lot size
B	Pip value
C	Stop Loss
D	All of the above

Question 25

What influences the stock indices?

From the Article The Four Fathers of Binaries–Indices

A	Binary Options
B	The stock price of the companies in it.
C	My dog’s tail position: if it’s up, indices will go up and if it’s down, they will probably fall
D	GDP of the country

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Final Primary School Test

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Welcome to Primary School Test!

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Congratulations! You've Just Completed Final Primary School Test.

You scored %%SCORE%% out of %%TOTAL%%.

Last words from BOTS School Team:

%%RATING%%

Your answers are highlighted below.

Question 1

Are the “Terms and Conditions” important to read or just some legal stuff that doesn’t interest you?

From the article Binary Options Terms and Conditions

A	The “Terms and Conditions” section contains very important pieces of information related to (but not limited to) deposit and withdrawal, canceling a withdrawal, minimum trade amount or bonus conditions.
B	The “Terms and Conditions” section contains only bullshit. You don’t have to read them
C	The “Terms and Conditions” section contain purely legal and uninteresting stuff for you
D	I won’t waste my time reading this information

Question 2

Why is regulation of the broker an advantage for me?

From the article Binary Options Regulation

A	Regulated brokers provides the best quotes to their clients
B	When a broker is regulated, the deposited money is kept in a separate account and monitored by a third party to ensure fair-play. The client’s money is not “mixed” with the broker’s money.
C	Regulated brokers fill quarterly financial statements and will not announce bankruptcy in any case
D	Regulated brokers are under direct observation of FBI and other security services

Question 3

What is Early Exit?

From the article: Risk Management Tips in Binary Options Trading

A	Strategy used for entering trades fast and repeatedly Hint: We are talking Exits, not entries!
B	Strategy used to find exit points earlier Hint: Getting warmer, try again!
C	A feature that allows you to close your trade before it reaches expiration
D	A feature that allows you to take profit or cut your losses short before expiration Hint: Cutting losses, now that’s a good feature.

Question 4

Can I adjust my Risk/Reward ratio with the Option Builder Tool?

From the Article The Option Builder Tool for Binary Options Trading – Not What It’s Cracked Up To Be

A	Nope, Binary Options have fixed Risk and Reward
B	Yes, you can.
C	Why build Options when the Broker already did that for you…
D	You can only adjust the Risk, not the Reward

Question 5

Fill in the missing word: “The trend is your….”

From the Article Binary Options: Basics, Charting and Analyzing

A	Master
B	Precious…my precious…
C	What is this “Trend” you keep talking about???
D	Friend Hint: Almost there, 9 more questions to go!

Question 6

What is the expiry for a 60 second Binary Option?

From the Article 6 Opinions, 60 Seconds – Expert Traders on 60 Seconds Options

A	60 seconds from the time when I placed the trade
B	60 seconds before the end of the day
C	60 seconds after all my other options expire
D	Could you stop with all the questions? What are you, The Police?

Question 7

Why do you need a charting package like Meta Trader 4?

From the Article MetaTrader4 – The MUST have charting software

A	I don’t need it; stop telling me that I do. I just gamble with Calls and Puts and I don’t care about any market analysis.
B	Because it allows greater trade execution than other binary options platforms
C	Because it gives better look of your trading screens
D	Because technical analysis is a very important part of trading and it cannot be conducted on the charts provided by Binary Options platforms. MT4 is very appropriate for technical analysis.

Question 8

Why do Binary Options brokers request documents in order for me to withdraw funds?

From the Article Easy to Deposit, Harder to Withdraw. Why?

A	Because they want to know who you are and what are your financial possibilities
B	Because brokers want to steal money from you
C	Because it is required by law, to prevent money laundering
D	Because they must send this information to FBI

Question 9

Before trading, it’s recommended to have and prepare the following:

From the article: Preparing yourself for Trading Binary Options

A	Get greedy and go all in so you can make as much money as possible during the trading session Hint: No, you wouldn’t even do that in a casino!
B	Good internet access, having available snacks and beverages and enough rest Hint: That’s right, so long as it’s non-alcoholic beverages.
C	Ignore that news is getting released and keep trading Hint: That’s one way of shooting yourself in the foot.
D	Opening up lots of unnecessary programs on the PC Hint: No… You don’t always have to download porn while your trading.

Question 10

The best Binary Options Brokers…

From the article: Even the Best Companies in the World Suck Sometimes

A	Suck sometimes Hint: Let me know if you find one though!
B	Are scammers Hint: Nope… Guess again, free your mind Neo… or something.
C	Have account managers Hint: Wonderful, maybe you should be teaching traders soon?
D	Are simply flawless Hint: Haha, I think you just defined what oxymoron means!

Question 11

What is a Mobile Binary Options platform?

From the Article Binary Options Mobile Trading – The Freedom to Trade Everywhere

A	Every Binary Options platform is mobile because I can move my monitor Hint: Maybe you should become a comedian instead?
B	I have a laptop. I am mobile and that means my platform is too Hint: Maybe you should become a comedian instead?
C	A simplified version of a broker’s platform, available on your smart phone or tablet Hint: Wise guy huh?
D	Huh..?! Hint: What, need a dictionary?

Question 12

What is the purpose of all those lines on the chart?

From the Article Rainbow Madness – Looking for the Leprechaun’s Pot of Gold

A	To confuse the trader.
B	To cover the fact that I actually have no idea about how to trade
C	Once the lines are arranged in a certain way, a trend is in place. So they help me see this trend.
D	To predict exactly the next market movement

Question 13

Is hedging used for increasing profits or decreasing risk?

From the Article Binary Options Hedging Explained – Profit Slowly but Safe

A	Increasing both risk and profits
B	Decreasing risk
C	It is used by traders who don’t know what a Binary Option is but still invest in them

Question 14

What is a financial chart?

From the Article Binary Options: Basics, Charting and Analyzing

A	A classification of the best music singles over a predefined period of time Hint: This isn’t Spotify, we are talking candlesticks, think assets!
B	A graphic representation of an asset’s performance during a predefined period of time Hint: Yes! Looks like we have a financial advisor here.
C	That thing you keep telling me to analyze Hint: And does it illustrate a performance of any kind?
D	Wait, you are talking about that curved line that brokers show me on the platform? Hint: Or on MetaTrader or any other charting software, what do they represent?

Question 15

What’s the Geek’s first step in managing risk?

From the Article The Geek Reveals: How I Manage My Risk in 3 Steps

A	Never invest in the first place Hint: Then what are you doing here?
B	I don’t know, I’m not a geek…I’m cool Hint: It’s cool to know things too!
C	First step is to get the right education Hint: Correct! You seem quite educated already =)!
D	He always carries a weapon to protect himself Hint: That might be legal in some states but it won’t help you manage funds.

Question 16

What documents are requested from you by your broker in order to complete a withdrawal?

From the Article Top 5 Binary Options Beginner Tips

A	Official ID with photo Hint: You got ¼ right.
B	Proof of address Hint: Partially true, did you read all of the answers?
C	If you deposited via credit card: front and back copies of that credit card showing only the last 4 digits Hint: Good, but come one, read all the answers first!
D	All of the above Hint: You are ready to trade my friend!

Question 17

Why should we buy low and sell high?

From the Article Risk Management Tips in Binary Options Trading

A	Because if we buy assets at lower prices, there is a decreased likelihood that prices will fall further.
B	Because if we sell assets at higher prices, there is a decreased likelihood that prices will rise further.
C	Both A and C are true
D	Because it’s similar to a discount price and I should by more when there’s a discount

Question 18

Is it better to trade for extended periods of time with no sleep or just a few hours every day?

From the Article Preparing yourself for Trading Binary Options

A	A few hours and then get some rest Hint: Yep! Rest and snacks, don’t forget snacks!
B	Trade non-stop to become rich very soon Hint: We know how that will end… overtrading and balances next to zero.
C	Depends on the psychic condition of the person Hint: Lots of cardio huh? You need to rest!
D	Trade non-stop to master the game Hint: Reminds me of those non-stop video gamers that end up dead in a cafeteria

Question 19

How much do you have to pay for Meta Trader 4 platform?

From the Article MetaTrader4 – The MUST have charting software

A	It is free!
B	It’s priceless but you actually have to pay 100 bucks to use it for 13 days
C	It depends on the broker you chose
D	It costs about 300$ per year

Question 20

Name a trusted, reliable source of information and also unbiased reviews

From the article: Recommended Forex/Binary Options Reviews Websites

A	ForexPeaceArmy.com
B	BOTS.com
C	All
D	Complaints.com

Question 21

When investing in Binary Options you should

From the Article My first Binary Options Deposit, Real Trading Experiences Series Part 2 – The Nice Guy

A	Never look on graphics of the traded Hint: You know you can always go back to the school right?
B	Sell everything you have and invest it all so you can win more Hint: You know you can always go back to the school right?
C	Only invest money that you can afford to lose Hint: Hurray! You made it till the end! Do the next test when you feel ready.
D	Make a mortgage of your house and trade the money Hint: You know you can always go back to the school right?

Question 22

How should you choose a Binary Options broker?

From the Article How to choose your Binary Options Broker?

A	Search Google and deposit with the first broker that appears in the list Hint: Error, does not compute, my head explodes.
B	Do extensive research on several brokers. Fortunately, we did most of the hard work and you can find on BOTS.com all the important stuff about the most prominent brokers in the business today Hint: Awesome, you’re doing well, let’s continue.
C	Live chat with every single broker and select the one with best support Hint: Wow you have so much free time!
D	Chose the one with the biggest bonus Hint: Error, does not compute, my head explodes.

Question 23

Why it is better to deposit $250 than $100?

From the Article Opening a Binary Options Account – How Much to Deposit?

A	Because you will make big money with bigger deposit Hint: That wasn’t the point here…
B	Because the broker will give you secret instruments to play better if you deposit more Hint: pffft… They will also dance for you.
C	Because a bigger first deposit allows the trader to apply risk management techniques. An account with $100 is blown after 4 losses (assuming that the minimum trade allowed is $25) Hint: Correct, Save up for a bigger deposit!
D	Because the statistical fluctuations of the price depend on the deposit size Hint: Trying to sound smart?

Question 24

What is Roll Over?

From the article: Risk Management Tips in Binary Options Trading

A	Allows you to postpone your expiry
B	A situation in which traders roll over on the ground after a losing streak
C	Risky trading method
D	Closing your trade before your expiry

Question 25

You can manage your risks in the following 3 steps:

From the article: How I Manage My Risk in 3 Steps

A	Signing up with a trusted Signal Service Provider, learning from a Guru and following your account managers tips Hint: If you are serious you really need to go back to school, I am worried for you!
B	What risks? I’m going to make 500$ per hour! Hint: Guessing won’t make a trader out of ya!
C	Correct education, Small investments and a trustworthy strategy that you’re confident in using Hint: And you my friend are ready to begin trading =)
D	Make the minimum deposit, guess the direction of the trend and start trading Hint: Hehehe, ok, don’t forget to share then.

Question 26

What are the main differences between the computer platform and the mobile one?

From the Article Binary Options Mobile Trading – The Freedom to Trade Everywhere

A	The mobile platform has a smaller size Hint: Partially true, read all answers first!
B	The mobile platform has less features than the computer platform Hint: Partially true, there are multiple answers for this one!
C	Both a. and b. are true Hint: Exactly, smaller and less features are correct.
D	The mobile platform has a lower spread Hint: Nothing to do with spreads, try again, features? Size?

Question 27

What is hedging?

From the Article Hedging With Binary One Touch Options – Trading on Weekends

A	Hedging is a technique and strategy that traders use to offset potential losses
B	It’s something similar to a hedgehog
C	I don’t know because I was told Binaries are easy and this sounds complicated
D	Hedging is a technique for increasing the profits of the trades

Question 28

Why do brokers ask for personal identification documents?

From the Article Trader’s Tales – The Broker that Saved my Day

A	They want to sell my personal information to advertising companies Hint: Haha, funny guy! Nope...
B	To prevent money laundering or depositing with a stolen credit card or any other sort of money related fraud Hint: Nailed it!
C	They wanna know where I live and come steal my TV…it’s 3D Hint: I am sure brokers can afford the new 4D TV’s so relax.
D	I don’t know, I don’t care but it annoys the crap out of me Hint: Come on now don’t be like that, try again!

Question 28 Explanation:

Question 29

You should always trade when you are…?

From the article: Trader’s Tales – Igor the (Occasionally Drunk) Shark

A	Sober and focused
B	As drunk as Jackie Chan in the movie “Drunken Master”
C	Drinking wine rather than vodka
D	Receiving signals from your Signal Service Provider

Question 30

When you receive a deposit bonus from your broker, can you withdraw it after a few trades?

From the Article 5 Important Tips for Beginners – How to stay Safe and Benefit from Binary Options

A	No, you have to meet some requirements before you can withdraw (usually there is a minimum number of trades and a certain trading volume that have to be reached before withdrawal) Hint: I see you have read your Terms & Conditions! Keep it up!
B	Yes, you could withdraw whenever you want Hint: Not true, maybe you should read the article again?
C	You couldn’t withdraw this bonus. It is only for trading. You could withdraw only profits. Hint: Not true, maybe you should read the article again?
D	You could withdraw only if you are a VIP client of the broker Hint: Yeah just like that, and you get a Lamborghini too.

Question 31

What would be considered an appropriate risk percentage for this strategy?

From the Article Swing to 15 Minute Technicals: 15 Minutes Binary Options Trading Strategy

A	Anywhere between 1% - 100% of the entire account
B	37.6% of my entire account
C	Somewhere in the range of 3-5% depending on skill level

Question 32

What are the strengths of this strategy?

From the Article Picking Tops and Bottoms on Bollinger Bands© For Binary Options Trading

A	It uses a higher time frame to identify the main trend
B	It uses Bollinger Bands which is quite a reliable tool
C	It relies on Martingale and we know that Martingale is a money maker
D	Both a. and b. are true

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Final College Test

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Question 1

What is the worst thing about repainting indicators?

From the Article The King Walks Naked? What are Binary Options Tools and Indicators

A	They always run out of paint at the worst possible time.
B	If you look back on charts they look amazingly accurate, but they show different things in real time. Hint: Yep, they lie so be careful.
C	Never heard of such thing. Hint: Neither have l, but I might be lying.
D	My car keeps changing colour. Guess somebody is repainting it.

Question 2

From what are all indicators derived/calculated?

From the Article The King Walks Naked? What are Binary Options Tools and Indicators

A	From price! Hint: There you go! You’re a natural.
B	How should l know? Hint: Well, you did read the article, didn’t you?
C	Magic!!! Hint: Is price magic?
D	Jedi Mind Tricks

Question 3

What is the “the positive effect of limited trading hours”?

From the Article Efficient Time Management – Turning Trading to Profession Part 2

A	Becoming much more specialized on few chosen assets
B	You are not bound to watch the screen the whole day and you keep your mind calm and fresh for trading
C	You limit your risk and let the profit run
D	You avoid the effect of the black swan

Question 4

When trading Binary Options on the stock of a certain company, do I need to be aware of that company’s Earnings Reports?

From the Article The Four Fathers of Binaries–Stocks

A	Why would I care? I am just interested in my earnings, not theirs. Hint: Easy there, you can’t neglect fundamentals
B	Yes, it can affect the price of that company’s stock and of course, my Binary Option. Hint: Correct, Final test should be easy for you
C	Yes, so I can brag to my friends about how well informed I am. Hint: No, get educated, brag with your money instead!
D	No, I just watch the Oil price and trade according to that because all companies have cars. Hint: Some have Tesla cars, no but seriously, try again!

Question 5

What should you do if you don’t have a signal to trade?

From the Article Know When To Say When. Trading is All About Making Tough Decisions

A	Go out and get one. Hint: Or maybe wait for a signal from your strategy?
B	Adjust your indicators until they show a signal. Hint: Ah, but then you will have signals all the time.
C	Ask your signal provider or your broker. Hint: Because they all want you to make lots of money…
D	Wait patiently until you get a valid, solid signal generated by your strategy. Hint: Patience is a virtue and it seems you’ve got it.

Question 6

Name the top three tools used by Bogdan.

From the Article My Top 5 Little Helpers for Binary Options Success – Technical Tools

A	I don’t know the guy. How should I know what tools he uses?
B	Binary Options, Stocks and Forex
C	Stochastic, Relative Strength Index and Moving Averages. Hint: Top of your class, man.
D	Bollinger Bands, Trig Money Flow and Awesome Oscillator. Hint: Because he’s awesome?

Question 7

What is a Binary Options strategy?

From the Article Never Heard of Binary Options Strategies? Have No Fear, BOTS are Here!

A	Whenever you place a Call or a Put it means you are applying a strategy. Hint: Really? Without any rules?
B	A strategy is a set of guidelines and rules which tells you when to enter the market and in what direction. It can also be backtested to see if it’s profitable or not. Hint: Well done! Now choose one and use it.
C	Opening a Call is a strategy and opening a Put is a different strategy. Hint: Nope, that simply means you opened a trade.
D	Telling people that trading is easy is a strategy. Hint: Yea, but that only works for brokers apparently.

Question 8

When should a strategy be abandoned?

From the article: The Worst Binary Options Strategy. Ever. Real Story

A	If you are consistently losing even though you are following the strict rules of the strategy Hint: True, why keep doing something that doesn’t work?
B	If a professional trader suggested the use of the strategy Hint: No, you should always consider what a professional suggests.
C	If one is required to trade against the main trend Hint: But what if it gives consistent wins? Wrong, try again!
D	If it’s not recommended by a Guru Hint: Oh those Gurus! Never listen to them.

Question 9

What are Japanese Candlesticks?

From the article: Binary Options Charts – Why, What, How?

A	A type of chart that shows in depth price information Hint: Domo Arigatou Gozaimasu!
B	Horizontal lines drawn to show support and resistance Hint: No... You won’t graduate if you keep answering like this!
C	Something you probably find in Chinatown Hint: If you want to muck the test at least get the country right, Japan town!
D	One form of fundamental analysis Hint: No fundamentalists here, it’s technical…

Question 10

When should you trade?

From the Article Know When To Say When. Trading is All About Making Tough Decisions

A	Whenever. Hint: Whenever you get a… signal maybe?
B	When my signal service provider tells me to. Hint: Sure, because signal providers are so reliable...
C	When my broker wants me to. Hint: Yea, your broker should say when to trade, not your strategy (take with a pinch of sarcasm).
D	When you get a signal from your tested strategy. Hint: Now that you know the answer, go test your strategy.

Question 11

Name one or more “trading myths”.

From the Article Binary Options Trading for Living – 101 Myths and Tales

A	My strategy works with 90% accuracy! Hint: Wow really?
B	My strategy works in any market condition.
C	You need to be a winner in a majority of your trades in order to make money Hint: You don’t need that if your Risk to Reward ratio is well balanced.
D	All of the above. Hint: You’re done, now go look at your results.

Question 12

What is a share?

From the Article The Four Fathers of Binaries–Stocks

A	A Facebook button that allows me to share my pictures Hint: Funny guy, hey, so long as you remain happy after losing money…
B	A portion of a cake Hint: Mmmm cake! I will ignore this false answer because… CAKE
C	The entire stock of a company can be divided into shares so shares are small parts of the company. Hint: You know what, just give me 20$ and I let you pass the test!
D	A derivative financial product Hint: Nicely done, tell me again why you aren’t trading already?

Question 13

Name three of Michael’s favourite strategies.

From the Article The Geek Reveals – My Top 5 Newbie Strategies

A	Oh, yet another guy I don’t know. What is this, Game of Thrones?
B	Call, Put and I can’t remember the last one Hint: We already told you Call and Put are not strategies. Duh!
C	The Best of MACD Entries, The Trend Is Your Friend and the Pinocchio Strategy. Hint: Like a Boss, mate!
D	He likes to trade longer expiry times than l, so I guess his strategy is long-term. Hint: Maybe, but that wasn’t the question, was it?

Question 14

What is Meta Trader 4?

From the Article MetaTrader4 – The MUST have charting software

A	Food that can cause you to get fat, similar to Shawarma. Hint: Shawarma???
B	A Binary Options brokerage. Hint: or maybe a charting software…
C	One of the most well-known and complex charting packages. Hint: Hmm so you’ve used it before.
D	A very good trader. The 4th generation of trading gurus.

Question 15

If supply is low for an asset but demand is high, what normally happens to the price of that asset?

From the Article Binary Options: Basics, Charting and Analyzing

A	It goes up Hint: Straight to da moon!
B	It goes down Hint: Sooo… if you have 5 bananas and 10 people… you know what, just go study please!
C	It moves sideways Hint: Sooo… if you have 5 bananas and 10 people… you know what, just go study please!
D	Flip a coin to get the answer Hint: Sooo… if you have 5 bananas and 10 people… you know what, just go study please!

Question 16

So you have a strategy and you feel you have enough knowledge to start trading. What do you need next?

From the Article Strategies, Tools and What’s Between Them

A	Money!!! Hint: Sure, money too, but you’re gonna lose it if you don’t have good charts.
B	A partner. Hint: Your chart is your partner.
C	A pen. Hint: Try writing “charts” with your pen
D	A charting platform. Hint: so you don’t like the charts offered by Binary Options brokers? Neither do we.

Question 17

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	Broker’s and signal service’s ads Hint: Nope, but you might find those in the Business Room
B	People chatting and asking random stuff Hint: “Trading Room”, try again, you can do it!
C	Strategies and tools Hint: That’s the tool and strategies room, wrong answer
D	Trading tips, analysis and forecasts from Pro traders Hint: Great! That’s where all the action happens!

Question 18

What is a Put Option?

From the Article Binary Options Glossary

A	A specific Binary Option type, which is suitable for shorter time frame trading
B	A common type of Binary Options that expresses a traders belief that price will be higher at expiry than it was when he bought the option
C	A common type of Binary Options that expresses a traders belief that price will be lower at expiry than it was when he bought the option
D	A specific Binary Option type, which is suitable for longer time frame trading

Question 19

How many companies are in the S&P 500?

From the Article The Four Fathers of Binaries–Indices

A	Every US company that is big enough is contained by the S&P 500 Hint: Uhm, what does this have to do with the question?
B	100 Hint: Well dear, go back to school and find out!
C	What is this “S&P 500” you are talking about? Hint: Seriously? The number is even in the name…
D	500 Hint: You made it! Good job, you’ll make a pro trader!

Question 20

Which of the following assets are easiest to trade?

From the article: Make Easy Money with Binary Options – Where Do I Sign?

A	Indices Hint: No, we mean the principle is simple, try B!
B	Currencies Hint: No, we mean the principle is simple, try B!
C	Commodities Hint: No, we mean the principle is simple, try B!
D	All of the above, Binary options is simplified trading Hint: Very good, tests are fun when you know the answers, right?

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Final PhD Test

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Question 1

Name the difference between Forex and Binary Options.

From the Article Binary Options vs Forex

A	Forex requires much more complex knowledge about the market, the technical aspects of trading and much more robust risk management Hint: True, binary options are easy to understand
B	The Forex is a market, which is not suitable for Binary Options Hint: Nah, the market is the same! Hint; “complex”
C	Forex is much more dangerous and stochastic in its nature Hint: Wrong, pay attention to the question please
D	Binary Options are products, which are offered in the Forex market Hint: Perhaps you should read the article at least one more time?

Question 2

Are Digital/Binary Options considered Vanilla or Exotic options?

From the Article Financial Engineering? How Exotic Options Came Into Our Lives

A	Exotic. Hint: Thank you, Doctor.
B	I like my ice-cream Vanilla. Hint: But you cannot trade your ice-cream. Instead you can trade Exotic Options.
C	Binary Options are just like Himalaya Options. Hint: and Himalaya Options are… Exotics
D	Binary Options are a form of financial trading available only to Americans and for all other people they are something exotic. Hint: Well, you got the “exotic” part right.

Question 3

What is the most important factor that generates fluctuation in commodity prices?

From the Article The Four Fathers of Binaries - Commodities

A	The principle of Supply and Demand
B	The wave principle
C	The activity of the small traders
D	The Binary Options

Question 4

Describe Hidden Bearish Divergence.

From the Article Divergence – The reversal and continuation tool

A	If it’s hidden then I can’t see it. How can I describe it? Hint: We have a wise guy here everyone!
B	Price makes a Lower High but the indicator makes a Higher High. Hint: Well done, live trading is just around the corner
C	Price makes a Lower Low but the indicator makes a Higher High. Hint: No, think bearish, lower high, ok?
D	Price stays the same Hint: No, no no… I suggest you re-read the article.

Question 5

Which is the most widely traded currency pair?

From the Article Most Tradable Binary Options Assets: USA Against the World!

A	USD/TRY Hint: Well at least you got one currency right.
B	Gold. Hint: Really? I say “pair” and you name a single asset?
C	EUR/USD Hint: Not hard for a PhD student.
D	EUR/NOK Hint: Now you got the other currency right.

Question 6

In the EUR/USD pair, if the Euro strengthens and the US Dollar remains stable, where will the pair go?

From the Article The Four Fathers of Binaries – Currencies

A	Down
B	Wherever it wants because it has a mind of its own. Shhhh…it might hear us…
C	Sideways
D	Up

Question 7

How does the US Dollar Index help us make better trades?

From the Article The US Dollar Index Tool

A	The Index is gauging the overall strength of the US Dollar against a basket of currencies
B	All USD pairs are influenced by the Dollar strength
C	All the statements are true
D	It helps to measure the effect of the economic news on the US Dollar

Question 8

What do you need in order to create your own strategy?

From the Article Power to the People – How to Create Your Own Binary Options Strategy

A	The right tools, training, experience and a friend or two. Hint: Yup! And you’ve just increased your chances of success.
B	Money so I can pay a Guru to teach me. Hint: But dude, we teach you for free. That’s why we said “a friend or two”.
C	A signal service provider so I can see their strategy and use it for my trading. Hint: Oh God… just hit “A”. Did you jump directly to the PhD section without reading anything else?
D	Friends, so I have a shoulder to cry on if my strategy fails. Hint: Yes you need friends but also some other things.

Question 9

What are the mistakes “Mr. Sucker” made?

From the Article My first Binary Options Deposit – Real Trading Experiences Part 1 – The Sucker

A	He trusted to easily the first broker that contacted him
B	He was overconfident
C	He didn’t master the basic principles of risk management
D	All of the above

Question 10

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	Kind, rich and successful traders sharing their strategies with us Hint: I hope you are just joking…If they are why should they waste time with marketing and education?
B	Wall street sharks knowing a lot about how to profit on the market Hint: No, careful the sharks don’t bite your hands
C	Nothing but desperate scammers and affiliate marketers Hint: Bravo! Become your own Guru, get educated
D	Exactly the kind of people you need to listen to Hint: … if you want to lose all your money to scams

Question 11

What is a convergence of indicators?

From the Article Convergence Of Indicators in Binary Options

A	Two or more indicators agreeing on the same direction Hint: You are a pro technical trader!
B	I don’t converge with anybody Hint: Quit joking, this is the PhD test…
C	Two or more indicators disagreeing on direction Hint: You sir, need a dictionary!

Question 12

Free no deposit bonuses are…

From the article: Free Bonus, No Deposit Needed? You are Most Probably Kidding Me

A	Great way of earning some extra cash upon deposit Hint: Guess again! Did you read the article?
B	Money you can withdraw immediately after registration Hint: Haha! Dream on…
C	Actually nothing more than a sugarcoated bonus trap Hint: Right! You sure know how to avoid those traps
D	Welcome gift Hint: Who says so? The broker? Here’s a hint, TRAP

Question 13

What is a “newbiot”?

From the Article Don’t Be A Sucker – Part 2

A	A newbie that is also an idiot because he doesn’t realize he is a newbie but has a high regard of himself and his trading skills Hint: Indeed! Cheer up though, you are in the finale!
B	A platform for trading Binary Options Hint: Really, is that the best answer you have?
C	A professional Binary Options trader Hint: Wild imagination you have, try again!
D	An alien Hint: Nope, but I guess you have to be an alien to be a newbiot…

Question 14

What is the Fibonacci tool best used for?

From the Article The Fibonacci Tool for Support and Resistance – To use or not to use

A	Identifying a possible end of a retracement and a trend continuation Hint: You got half right, read all answers first and try again
B	Both statements (a and c) are true Hint: Yes, with results like this you will have your PhD today!
C	Identifying Support and Resistance levels. Hint: Partially correct, did you read all answers first?
D	It is used to identify very short term scalping opportunities Hint: No need to make things complicated, try B.

Question 15

What is Bitcoin?

From the Article Trading Binary Options BitCoin – Introduction and Rules of Engagement

A	Another word for US Dollar. Hint: So you can have Bitcoins in your pocket? I thought they are digital.
B	Any currency in the world is considered Bitcoin. Hint: Bitcoins are mined by computers all over the world.
C	Digital, virtual currency. Hint: Well done! Was it your first try?
D	All metal coins are Bit Coins. Hint: Think digital.

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