Binary Trading Facts Q&A

What is the main quality of a successful trader?

Self-control

Risk-taking

Level-headedness

Decisiveness

Correct! Wrong!

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

Binary options brokers are only licensed in the EU/USA

It is not required, but is recommended

It is not required, and is not recommended

All binary options brokers are licensed

Correct! Wrong!

Why do some strategies offered by brokers eventually stop working?

Because the broker wants you to lose

Because many traders copy them

Because the markets are unpredictable

Because the strategy is not well designed

Correct! Wrong!

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

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

Withdraw all of your money at once

Withdraw small amounts of money over time

Withdraw large amounts of money over time

Correct! Wrong!

What is the primary goal of a broker?

To give you huge bonuses

To keep you trading, trading big, and risking

To make you a successful trader

To provide you with a risk-free trade

Correct! Wrong!

Why do most trading systems offered by brokers not work?

The brokers are not reputable.

The ideas are not brilliant.

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

The systems are offered for free.

Correct! Wrong!

What is the first of the worst mistakes when trading?

Trading with a licensed broker

Trading on a very short timeframe

Lack of risk management

Not having a clear strategy

Correct! Wrong!

FREE Binary Trading Facts Questions and Answers

What is the main quality of a successful trader?

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

Why do some strategies offered by brokers eventually stop working?

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

What is the primary goal of a broker?

Why do most trading systems offered by brokers not work?

What is the first of the worst mistakes when trading?

FREE Binary Trading Essentials Questions and Answers

FREE Binary Trading Strategies Questions and Answers

What is the main quality of a successful trader?

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

Why do some strategies offered by brokers eventually stop working?

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

What is the primary goal of a broker?

Why do most trading systems offered by brokers not work?

What is the first of the worst mistakes when trading?

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