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