A Beginner's Guide to Binance Margin Trading Quiz Answers
A beginner’s guide to Binance margin trading quiz answers is given below in this post. Just give all answers and get a 0.5 BUSD token voucher for free.
In margin trading, users borrow funds to engage in margin trading to increase their position size. Binance gives access to funds to users so that they can do leveraged trading.
Basically, the quiz questions are based on margin trading on the Binance exchange. Questions are shuffled and asked and therefore you need to be careful while attempting them.
Margin Trading Answers
Question 1. Margin trading lets you:
Answer: Amplify your gains and losses
Question 2. What’s the benefit(s) of Binance margin trading?
Answer: All of the above
Question 3. What’s the maximum level of leverage Binance Margin provides?
Question 4. When receiving a margin call notification, what should you do?
Answer: Reduce your position to repay the debt or add more collateral into the margin account
Question 5. Where do Binance Margin traders place their orders?
Answer: Spot market
Question 6. What are the essential steps to start margin trading on Binance?
Answer: Deposit funds Into your Margin Account