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Binance Trading Bot Appropriateness Assessment Quiz Answers

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Tap on the “Start Learning” button on the ongoing activity and tap on “Start Quiz” after you’ve finished the course.

This guide contains the Binance Trading Bot Appropriateness Assessment Quiz Answers to open any new trading bot order.

Binance Trading Bot Appropriateness Assessment Quiz Answers

Question: Binance’s trading bots’ 24/7 operating capability implies:

Answer: Transactions are executed round the clock, even when the user is not active.

Question: Do Binance’s trading bots guarantee profits?

Answer: No, profitability is dependent on market conditions and trading bots can’t guarantee profits.

Question: The primary function of Binance’s trading bots is:

Answer: Trading process automation.

Question: Binance’s trading bots can be used for high-frequency trading (HFT) because:

Answer: They are indifferent to the frequency of trades.

Question: Which of the below is a consequence of using Binance’s trading bots?

Answer: The bots can automatically execute trades.

Question: An important feature of Binance’s trading bots with respect to risk management is:

Answer: User-defined risk parameters.

Question: How often can I adjust my trading parameters?

Answer: As often as I like but they have to be set before a trade is executed.

Question: Can Binance’s trading bots execute trades based on market news?

Answer: No, they can only execute trades based on price movements and technical analysis.

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