O'Reilly logo

Trading Binary Options: Strategies and Tactics by Abe Cofnas

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Appendix A

Test Your Knowledge

It is always a good idea to test your trading knowledge and skills. One of the reasons this book has been written is to give you a jump-start. Let’s see how much you have learned. There are 50 questions.

1. A binary option contract provides a fixed payout of:

A. $15

B. $100

C. $50

D. $200

2. A binary option trade cannot be traded before its expiration date.

A. True

B. False

3. If a trader was short a binary contract at a bid of $25, what amount did the trader have to put up in his account?

A. $0

B. $25

C. $75

D. $100

4. During the week a trader went long the binary contract. The bid was $15 and the ask was $20. What did he or she pay for the contract (excluding fees)?

A. They paid $10.

B. They paid $100 – $10. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required