CEX Quiz Answers 1 December 2024
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Task: When and How to Use Long Position in Crypto Trading
1. When is it a good idea to open a long order?
– When positive news suggests a price increase.
2. What’s the first step in creating a long order?
– Choosing an asset.
3. What’s the most important mindset when starting trading?
– Learn, analyze, and experiment.
4. What tool is essential for managing risk in long orders?
– Stop-loss.
5. What does leverage do in margin trading?
– Increases both potential profit and risk.
6. Why should beginners start small in margin trading?
– To minimize risks and learn gradually.
7. What is the role of professional tools in trading?
– To simplify risk management and trading decisions.
8. What is a long order?
– A bet that an asset’s price will rise.
9. Why is analysis important before opening a long order?
– It helps you make informed decisions about price trends.
10. What does “stop-loss” do?
– Limits your potential losses.
11. What is a benefit of practicing on demo accounts?
– Learning without financial risk
12. What type of market is good for long orders?
– A stable market.
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
Task: When and How to Use Long Position in Crypto Trading
1. When is it a good idea to open a long order?
– When positive news suggests a price increase.
2. What’s the first step in creating a long order?
– Choosing an asset.
3. What’s the most important mindset when starting trading?
– Learn, analyze, and experiment.
4. What tool is essential for managing risk in long orders?
– Stop-loss.
5. What does leverage do in margin trading?
– Increases both potential profit and risk.
6. Why should beginners start small in margin trading?
– To minimize risks and learn gradually.
7. What is the role of professional tools in trading?
– To simplify risk management and trading decisions.
8. What is a long order?
– A bet that an asset’s price will rise.
9. Why is analysis important before opening a long order?
– It helps you make informed decisions about price trends.
10. What does “stop-loss” do?
– Limits your potential losses.
11. What is a benefit of practicing on demo accounts?
– Learning without financial risk
12. What type of market is good for long orders?
– A stable market.
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