CEX Quiz Answers 24 November 2024Open CE…

CEX Quiz Answers 24 November 2024
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
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🎓Quiz 3:  What Is Crypto Margin Trading? Learn How It Works
1. What was mentioned about CEX.IO in the video?
✅It is launching margin trading with user-friendly tools.
2. What should you do before starting margin trading?
✅Understand the risks and start small.
3. Why might traders use margin trading?
✅To amplify potential profits.
4. What kind of risks are involved in margin trading?
✅Amplified losses if the trade goes against you.
5. What happens if your trade goes against you and your collateral is insufficient?
✅Your position gets liquidated.
6. What is an example of margin trading being like a real-life scenario?
✅Renting a fancy car to impress your date.
7. What should you do before starting margin trading?
✅Understand the risks and start small.
8. What is margin trading ultimately about?
✅Strategy, research, and responsible decisions 
9. What is the collateral you provide in margin trading called?
✅Margin.
10. What is crypto margin trading?
✅Trading with borrowed funds to control a larger position.
11. What is liquidation in margin trading?
✅The platform closing your position to prevent further losses.
12. Why did the video compare margin trading to adding hot sauce to tacos?
✅It’s risky but makes things more exciting.
13. What is leverage in margin trading?
✅Borrowing money to increase the size of your tra