Binary Trading Facts - Practice Test Geeks

To give you huge bonuses

To keep you trading, trading big, and risking

To make you a successful trader

To provide you with a risk-free trade

Correct! Wrong!

Binary options brokers are only licensed in the EU/USA

All binary options brokers are licensed

It is not required, but is recommended

It is not required, and is not recommended

Correct! Wrong!

Lack of risk management

Trading on a very short timeframe

Not having a clear strategy

Trading with a licensed broker

Correct! Wrong!

Level-headedness

Self-control

Risk-taking

Decisiveness

Correct! Wrong!

Because the broker wants you to lose

Because the markets are unpredictable

Because the strategy is not well designed

Because many traders copy them

Correct! Wrong!

Withdraw a certain amount of money, stay cool and stand firm.

Withdraw large amounts of money over time

Withdraw small amounts of money over time

Withdraw all of your money at once

Correct! Wrong!

The brokers are not reputable.

The ideas may have been brilliant at first, but they no longer work in the current market conditions.

The ideas are not brilliant.

The systems are offered for free.

Correct! Wrong!