Binary Trading Facts Q&A

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

It is not required, and is not recommended

Binary options brokers are only licensed in the EU/USA

All binary options brokers are licensed

It is not required, but is recommended

Correct! Wrong!

What is the primary goal of a broker?

To keep you trading, trading big, and risking

To make you a successful trader

To provide you with a risk-free trade

To give you huge bonuses

Correct! Wrong!

Why do some strategies offered by brokers eventually stop working?

Because many traders copy them

Because the broker wants you to lose

Because the strategy is not well designed

Because the markets are unpredictable

Correct! Wrong!

What is the main quality of a successful trader?

Risk-taking

Level-headedness

Self-control

Decisiveness

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 small amounts of money over time

Withdraw large amounts of money over time

Withdraw all of your money at once

Correct! Wrong!

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 ideas are not brilliant.

The brokers are not reputable.

The systems are offered for free.

Correct! Wrong!

What is the first of the worst mistakes when trading?

Trading on a very short timeframe

Trading with a licensed broker

Not having a clear strategy

Lack of risk management

Correct! Wrong!

FREE Binary Trading Facts Questions and Answers

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

What is the primary goal of a broker?

Why do some strategies offered by brokers eventually stop working?

What is the main quality of a successful trader?

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

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

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

What is the primary goal of a broker?

Why do some strategies offered by brokers eventually stop working?

What is the main quality of a successful trader?

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

Why do most trading systems offered by brokers not work?

What is the first of the worst mistakes when trading?

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