Binary Trading Facts - Practice Test Geeks

Because the markets are unpredictable

Because many traders copy them

Because the broker wants you to lose

Because the strategy is not well designed

Correct! Wrong!

It is not required, and is not recommended

It is not required, but is recommended

Binary options brokers are only licensed in the EU/USA

All binary options brokers are licensed

Correct! Wrong!

To make you a successful trader

To give you huge bonuses

To keep you trading, trading big, and risking

To provide you with a risk-free trade

Correct! Wrong!

Withdraw all of your money at once

Withdraw small amounts of money over time

Withdraw large amounts of money over time

Withdraw a certain amount of money, stay cool and stand firm.

Correct! Wrong!

Lack of risk management

Not having a clear strategy

Trading on a very short timeframe

Trading with a licensed broker

Correct! Wrong!

Decisiveness

Risk-taking

Self-control

Level-headedness

Correct! Wrong!

The brokers are not reputable.

The systems are offered for free.

The ideas are not brilliant.

The ideas may have been brilliant at first, but they no longer work in the current market conditions.

Correct! Wrong!