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