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