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FREE Binary Trading Facts Questions and Answers
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What is the primary goal of a broker?
To give you huge bonuses
To keep you trading, trading big, and risking
To provide you with a risk-free trade
To make you a successful trader
Correct!
Wrong!
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Why do some strategies offered by brokers eventually stop working?
Because the strategy is not well designed
Because the markets are unpredictable
Because the broker wants you to lose
Because many traders copy them
Correct!
Wrong!
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What is the best way to withdraw money from your bank?
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.
Withdraw large amounts of money over time
Correct!
Wrong!
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What is the main quality of a successful trader?
Decisiveness
Self-control
Risk-taking
Level-headedness
Correct!
Wrong!
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Why do most trading systems offered by brokers not work?
The ideas are not brilliant.
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.
Correct!
Wrong!
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Is it required for a binary options broker to be licensed?
All binary options brokers are 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
Correct!
Wrong!
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What is the first of the worst mistakes when trading?
Lack of risk management
Not having a clear strategy
Trading on a very short timeframe
Trading with a licensed broker
Correct!
Wrong!
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