What Kind of Trader are You? The Ultimate Binary Options Traders Questionnaire!

What Kind of Trader are You? Take the Quiz and Find Out Today!

Trader – a term we often use without thinking that traders are all different. We are all unique in our ways of thinking and behaving and obviously we are also unique traders! Have you asked yourself what kind of trader you are? Perhaps you are too scared to find out but it’s time you get diagnosed. Don’t worry, there are no good or bad results – just different types of traders! Be honest when you select your answer and enjoy the quiz!

 

 

There are a total of 20 questions.

Each question offers 5 different answers but you can only choose one of them, so choose carefully.

Take a piece of a paper and a pen, open a new window on your PC or start the notepad app on your mobile.

Write down the Number of the Question and the Answer you Choose.

At the end of the Questionnaire, you’ll find the score box. Each answer is valued differently (1-5 points).

Calculate your answers and find out what kind of a trader are you!

 

 

Q1. How do you react when fundamentals are released?

  1. Damn terrorists, I will hide quickly!
  2. I do my research on the announced numbers and trade accordingly!
  3. I carefully analyze my charts!
  4. It’s easy! Green candle I go call, red candle I go put!
  5. Fun… mental – What is that?

 

Q2. How much do you risk per trade?

  1. Enough to double my account in one or two trades!
  2. There are no risks, I will trade whatever I have!
  3. Always in relation to my account balance and minimum position size!
  4. They say you should do max 5% of your balance!
  5. I think 3% is the best choice!

 

Q3. When do you stop trading for the day?

  1. Once I have at least doubled my account!
  2. No need to stop, binaries can be traded all day long!
  3. When my strategy doesn’t give me more signals!
  4. Once my preferred market hours have ended.
  5. The soon as I’ve won two trades!

 

Q4. Which signal service should you trust?

  1. My own! I do my own analysis and master my own charts!
  2. Don’t like signals! I take advice from the pros on CommuniTraders!
  3. Autotraders are more reliable, especially the expensive ones!
  4. Signals from the best free strategy I can find!
  5. My account manager! He says he has a very high win rate!

 

Q5. How do you react when you lose a trade?

  1. Losses are a part of this business which I control with money management!
  2. I created a excel sheet and it turns out I won’t lose that much anyway!
  3. I sign up with the signal service that advertises the highest win rate!
  4. If I lose two trades in a row, I stop trading for the day!
  5. I analyze my losses and learn from them!

 

Q6. How many assets to you analyze and trade during a session?

  1. My autotrader can analyze up to 50 assets!
  2. I look at 10 assets so I don’t miss a trading opportunity!
  3. Prior to each trade, I only analyze one asset methodically!
  4. I think it’s best to only focus on a maximum of 2 or 3 assets!
  5. The assets that I have most experience and success with!

 

Q7. Which is the ultimate best strategy?

  1. Obviously, the most expensive one you can buy!
  2. 60 second strategies are the best!
  3. There are no ultimate strategies, just good or bad traders!
  4. The strategy that provides you with at least 3 confirmations!
  5. One that has been back tested first!

 

Q8. How do you improve your trading?

  1. I spend a long period of time on demo trading!
  2. I learn from my mistakes by keeping a trading journal!
  3. I try different signal services with the best reviews!
  4. I change or add more indicators to my charts!
  5. I ask for pro trader’s opinion every time I take a trade!

 

Q9. You’ve just opened your charts and see price jumping up, what do you do?

  1. A nice uptrend, I quickly place multiple 60 second trades!
  2. I have to remain calm and analyze the charts first before taking action!
  3. I will enter on a higher low, that’s safer!
  4. I am all in for a call, it’s now or never!
  5. If my strategy is in agreement, I might take a call.

 

Q10. You have only 250$ in your bank account and lots of bills to pay soon…

  1. No problem, I will deposit all of that with a broker and make 10 times more!
  2. Trading is risky, I will just pay my bills first and save up for an account later!
  3. I take a bank loan because I’ll be able to pay it within a couple weeks!
  4. No worries, I will demo trade till I have more money to spend!
  5. It’s OK, I will pay my bills first and if there is money left I use that to trade!

 

Q11. The best indicator you can find is?

  1. Leading indicators are better than lagging indicators so I can act fast!
  2. I insert all the indicators on my chart so I don’t miss any signals!
  3. The best indicator is the one that works well with my analysis and strategy!
  4. I don’t trust indicators, candlesticks tell me all I need to know!
  5. The one that shows me the direction of the trends!

 

Q12. Which of the following signifies a good broker?

  1. The one with the highest bonus offer!
  2. A regulated broker with good reputation!
  3. Any broker BinaryOptionsthatSuck.com recommends!
  4. The one with a nice account manager that can promise high returns!
  5. A good broker is regulated by CySec!

 

Q13. Where in a downtrend should you enter a trade?

  1. I would enter now for 60 seconds!
  2. The trend is my friend so it doesn’t really matter!
  3. Preferably, a lower high at an overbought position!
  4. At a lower high at an overbought position where price meets resistance!
  5. Where ever my indicators tell me to!

 

Q14. Would you say you are trading because…

  1. I want to make a lot of money!
  2. So I can pay my bills this month!
  3. I saw an ad about it somewhere, saying it would make me rich!
  4. I love trading and the challenges that come with it and the money is a plus!
  5. I studied about trading and it seems fun!

 

Q15. Which of the following describes you the best?

  1. Calm and cool-headed, always analyzing and learning new things!
  2. Eager to take a trade as soon as possible!
  3. Emotional and indecisive prior to every decision!
  4. Emotional and nervous but I try to fight the emotions and use my head!
  5. I fully trust my knowledge and act accordingly!

 

Q16. When making a decision, which of the following do you trust?

  1. My emotions, my gut feeling and heart!
  2. I don’t know, I just let someone else decide!
  3. My prior experience and knowledge!
  4. I always do research and look for proof and confirmations!
  5. I consult experts but make my own decision!

 

Q17. The minimum investment size is 25$ and you have 250 in your account, would you:

  1. Start trading right away?
  2. Make additional deposits?
  3. Find another broker?
  4. Accept a 100% bonus?
  5. Accept a small bonus if the conditions are OK?

 

Q18. When you select a regulated broker, you always deposit if?

  1. The platform looks nice!
  2. They have short term trading available!
  3. The terms and conditions are acceptable!
  4. They offer VIP accounts!
  5. The terms and conditions are acceptable and I can work with their expiries!

 

Q19. How long do you think one should demo trade?

  1. 6 months is good!
  2. 3 months is enough!
  3. It’s best to just go live from the start!
  4. Varies from person to person but at least 6 months!
  5. Until you understand your strategy and perform well on the demo!

 

Q20. Which of the following are most important to you?

  1. Huge turnovers!
  2. Consistent profits!
  3. Strategy with high win rate!
  4. Consistent profits and strict money management!
  5. High payouts and quick withdrawals!

 

 

Congratulations, you made it through the quiz! Now it’s time to calculate your answers.

Q1. How do you react when fundamentals are released?
Answers:
1. –> +1

2. –> +5

3.–> +4

4. –> +3

5.–> +2

Q2. How much do you risk per trade?

1. –> +2

2. –> +1

3.–> +5

4. –> +4

5.–> +3

Q3. When do you stop trading for the day?

1. –> +2

2. –> +1

3.–> +5

4. –> +4

5.–> +3

Q4. Which signal service should you trust?

1. –> +5

2. –> +4

3.–> +2

4. –> +3

5.–> +1

Q5. How do you react when you lose a trade?

1. –> +5

2. –> +2

3.–> +1

4. –> +3

5.–> +4

Q6. How many assets to you analyze and trade during a session?

1. –> +1

2. –> +2

3.–> +4

4. –> +3

5.–> +5

Q7. Which is the ultimate best strategy?

1. –> +1

2. –> +2

3.–> +5

4. –> +4

5.–> +3

Q8. How do you improve your trading?

1. –> +4

2. –> +5

3.–> +1

4. –> +2

5.–> +3

Q9. You’ve just opened your charts and see price jumping up, what do you do?

1. –> +2

2. –> +5

3.–> +3

4. –> +1

5.–> +4

Q10. You have only 250$ in your bank account and lots of bills to pay soon…

1. –> +2

2. –> +5

3.–> +1

4. –> +4

5.–> +3

Q11. The best indicator you can find is?

1. –> +2

2. –> +1

3.–> +4

4. –> +5

5.–> +3

Q12. Which of the following signifies a good broker?

1. –> +1

2. –> +5

3.–> +4

4. –> +2

5.–> +3

Q13. Where in a downtrend should you enter a trade?

1. –> +1

2. –> +2

3.–> +4

4. –> +5

5.–> +3

Q14. Would you say you are trading because…

1. –> +3

2. –> +1

3.–> +2

4. –> +5

5.–> +4

Q15. Which of the following describes you the best?

1. –> +5

2. –> +2

3.–> +1

4. –> +3

5.–> +4

Q16. When making a decision, which of the following do you trust?

1. –> +2

2. –> +1

3.–> +4

4. –> +5

5.–> +3

Q17. The minimum investment size is 25$ and you have 250 in your account, would you:

1. –> +1

2. –> +5

3.–> +4

4. –> +2

5.–> +3

Q18. When you select a regulated broker, you always deposit if?

1. –> +1

2. –> +2

3.–> +4

4. –> +3

5.–> +5

Q19. How long do you think one should demo trade?

1. –> +3

2. –> +2

3.–> +1

4. –> +4

5.–> +5

Q20. Which of the following are most important to you?

1. –> +1

2. –> +4

3.–> +2

4. –> +5

5.–> +3

 

 

 

If Your Total Score is Between ……

 

81-100 points= Trader Type A => A True Pro! You are calm, calculated and skilled. Neither bulls nor bears can stop you!

Type A Improvement: You are already doing great! Just stick to your rules and experiences and be open-minded towards future changes and know that you can always learn new things!

————————————————————

 

 

61-80 points = Trader Type B => You are an advanced and methodical trader who follows strict rules! The trend isn’t just your friend, it’s your best mate!

Type B Improvement: Use your trading diary and try to think outside of the box. Trading isn’t just mechanical like indicators and set rules but experience and skills that you will gain in time – keep up the good work!

————————————————————

 

 

41-60 points = Trader Type C => You’re such a risk taker, an adrenaline junky! Let’s just call you a pro… a pro gambler!

Type C Improvement: I know its fun to gamble and let emotions do the trading but in the long run you’ll benefit from turning it all down a nudge. You will make more money if you learn from the pros and treat trading as a long-term business.

————————————————————

 

 

20-40 points = Trader Type D => You’re the textbook Binary Options N00b! You will probably make every mistake a beginner can do but we can teach you better!

Type D Improvement: Everybody has to start somewhere! You still have plenty to learn and we know exactly how to help YOU! Just go to school and learn how to trade!

————————————————————

 

Remember: Even the Best Binary Options Traders Suck Sometimes!

 

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