Binary Trading Facts Q&A

What is the first of the worst mistakes when trading?

Lack of risk management

Not having a clear strategy

Trading with a licensed broker

Trading on a very short timeframe

Correct! Wrong!

Why do most trading systems offered by brokers not work?

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

The brokers are not reputable.

The systems are offered for free.

The ideas are not brilliant.

Correct! Wrong!

Why do some strategies offered by brokers eventually stop working?

Because the strategy is not well designed

Because the markets are unpredictable

Because many traders copy them

Because the broker wants you to lose

Correct! Wrong!

Is it required for a binary options broker to be licensed?

It is not required, but is recommended

Binary options brokers are only licensed in the EU/USA

It is not required, and is not recommended

All binary options brokers are licensed

Correct! Wrong!

What is the best way to withdraw money from your bank?

Withdraw large amounts of money over time

Withdraw all of your money at once

Withdraw small amounts of money over time

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

Correct! Wrong!

What is the primary goal of a broker?

To provide you with a risk-free trade

To keep you trading, trading big, and risking

To give you huge bonuses

To make you a successful trader

Correct! Wrong!

What is the main quality of a successful trader?

Risk-taking

Decisiveness

Level-headedness

Self-control

Correct! Wrong!

FREE Binary Trading Facts Questions and Answers

What is the first of the worst mistakes when trading?

Why do most trading systems offered by brokers not work?

Why do some strategies offered by brokers eventually stop working?

Is it required for a binary options broker to be licensed?

What is the best way to withdraw money from your bank?

What is the primary goal of a broker?

What is the main quality of a successful trader?

FREE Binary Trading Strategies Questions and Answers

FREE Binary Trading Essentials Questions and Answers

What is the first of the worst mistakes when trading?

Why do most trading systems offered by brokers not work?

Why do some strategies offered by brokers eventually stop working?

Is it required for a binary options broker to be licensed?

What is the best way to withdraw money from your bank?

What is the primary goal of a broker?

What is the main quality of a successful trader?

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