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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 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!
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Is it required for a binary options broker to be licensed?
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!
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What is the primary goal of a broker?
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!
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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 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 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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What is the main quality of a successful trader?
Decisiveness
Risk-taking
Self-control
Level-headedness
Correct!
Wrong!
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Why do most trading systems offered by brokers not work?
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!
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