
But I believe I can make money by following the investment advice on the Internet.Īnswer: Understood the rules and risks of futures trading, and I agree that any loss incurred during futures trading is my own responsibility regardless of the platform.ġ3. I am not suitable for trading futures and I should learn more about it.ī) Understood the rules and risks of futures trading, and I agree that any loss incurred during futures trading is my own responsibility regardless of the platform.Ĭ) Not yet understood the rules and risks of futures trading. To continue trading on futures, I have:Ī) Not yet understood the rules and risks of futures trading. What kind of behavior should I avoid when engaging in futures trading?Ī) Strict discipline, good stop loss, reasonable profit and loss, including winning or losing at my own risk.ī) Learn the basics of futures trading and read related articles on the Binance website.Ĭ) Strong gambling, trading addictions, continuous losses, and blaming others.Īnswer: Strong gambling, trading addictions, continuous losses, and blaming others.ġ2. Insurance Clear Fee = Position nominal value * Liquidation fee rateĪ) No, I don’t know the calculation of the Insurance Clear Fee.ī) Yes, I am aware of the existence and calculation of the Insurance Clear Fee and the risks that may cause the balance to return to zero.Ĭ) No, I don’t know the liquidation can cause the futures wallet balance to return to zero.Īnswer: Yes, I am aware of the existence and calculation of the Insurance Clear Fee and the risks that may cause the balance to return to zero.ġ1. Are you aware that after a futures position is liquidated, in addition to the loss of the position, an Insurance Clear Fee will occur, which may decrease your futures wallet balance to zero? p.s. When a futures position is liquidated, what price is it based on?ī) Commissions, Insurance Clear Fees and Funding Fees while holding positions.Īnswer: Commissions, Insurance Clear Fees and Funding Fees while holding positions.ġ0. For example, I can use BTC as margin when I trade BTCUSD future.Ĩ. Which coin can be used as margin for a Coin-margined futures?Īnswer: The base asset of this future. What is the maximum loss that may occur in futures trading?ī) Half of the money in my futures walletĪnswer: All the money in my futures wallet.ħ. Which of the following description of Profit and Loss (PnL) is correct?Ī) I won’t lose money in futures trading.ī) Realized PnL (PnL after positions are closed) is always equal to unrealized PnL (PnL when positions are open).Ĭ) Realized PnL is calculated based on the opening price and the closing price after a position is closed.Īnswer: Realized PnL is calculated based on the opening price and the closing price after a position is closed.Ħ. But the limit order may not necessarily be filled as the latest market price may have moved away from the limit price.ĥ. But the limit order may not necessarily be filled as the latest market price may have moved away from the limit price.ī) The limit order will definitely be filled after it is placed.Ĭ) The limit order will never be filled after it is placed.Īnswer: The order will be placed at the limit price once the price hits the trigger price. Which of the following description of Stop-Limit Order is correct?Ī) The order will be placed at the limit price once the price hits the trigger price. But the executed price may not be equal to the trigger price.Ĥ. But the executed price may not be equal to the trigger price.Ĭ) The executed price must be greater than the trigger price.Īnswer: The order will be executed at the market price once the price hits the trigger price. Which of the following description of Stop-Market Order is correct?Ī) The executed price is always equal to the trigger priceī) The order will be executed at the market price once the price hits the trigger price.

Which action should you take when you receive this type of error message?Ī) Keep trying the same and blame Binance for the failure.ī) Keep trying the same and expect a chance of success after more times of trying.Ĭ) Divide the large order into several smaller orders.Īnswer: Divide the large order into several smaller orders.ģ. There is a maximum size limit for each order.


Which of the following action should you take when you fail to place an order?ī) Check your network, save screenshots or related information, and ask for help from customer service.Ĭ) Follow the suggestions on the Internet or in social groups.Īnswer: Check your network, save screenshots or related information, and ask for help from customer service.Ģ.
