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    SB-24 Binance Quiz

    Uploaded by

    Silvio Darley
    The document is a set of questions and answers about futures trading on Binance. It covers topics like maximum losses, liquidation pricing, fees including insurance clear fees, order types like stop-limit orders, avoiding gambling behavior, understanding risks, profit and loss calculations, checking networks during failures, types of fees, acceptable margin currencies, and non-guarantees of close position functions during disruptions. The user agrees they understand these topics and risks.

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    SB-24 Binance Quiz

    Uploaded by

    Silvio Darley
    761 views3 pages
    The document is a set of questions and answers about futures trading on Binance. It covers topics like maximum losses, liquidation pricing, fees including insurance clear fees, order types like stop-limit orders, avoiding gambling behavior, understanding risks, profit and loss calculations, checking networks during failures, types of fees, acceptable margin currencies, and non-guarantees of close position functions during disruptions. The user agrees they understand these topics and risks.

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    The document is a set of questions and answers about futures trading on Binance. It covers topics like maximum losses, liquidation pricing, fees including insurance clear fees, order types like stop-limit orders, avoiding gambling behavior, understanding risks, profit and loss calculations, checking networks during failures, types of fees, acceptable margin currencies, and non-guarantees of close position functions during disruptions. The user agrees they understand these topics and risks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    761 views3 pages

    SB-24 Binance Quiz

    Uploaded by

    Silvio Darley
    The document is a set of questions and answers about futures trading on Binance. It covers topics like maximum losses, liquidation pricing, fees including insurance clear fees, order types like stop-limit orders, avoiding gambling behavior, understanding risks, profit and loss calculations, checking networks during failures, types of fees, acceptable margin currencies, and non-guarantees of close position functions during disruptions. The user agrees they understand these topics and risks.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Atenção: a ordem das perguntas pode mudar de

    forma aleatória, assim como as perguntas também


    podem ser outras!

    1. What is the maximum loss that may occur when engaging


    in futures trading?
    All Futures wallet balance

    2. When futures balance is liquidated, what price is it based


    on?
    Mark Price

    3. Are you aware that after the future is forcedly liquidated, in


    addition to the loss of the position, Insurance Clear Fee (=
    Position nominal value * Liquidation fee rate) will occur,
    which may decrease your futures wallet balance to zero?
    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

    4. There is a maximum number of orders for each future.


    Which action should I take?
    Once the maximum quantity limit is reached, the order will fail,
    and a error will be reported. At this time, I should divide the order into
    several smaller quantities.

    5. Which of the following apply when using a stop-market


    order?
    After the stop-profit and stop-loss price is triggered, the
    transaction will be executed immediately at the market price and the
    transaction price may not be equal to the trigger price.
    6. Which of the following is correct to use Stop-Limit Order?
    After the stop-profit and stop-loss prince is triggered, the order
    will be placed at the limit price immediately, but the limit order may
    not necessarily be filled because the price has moved away.
    7. What kind of behavior should I avoid when engaging in
    futures transactions?
    Strong gambling, trading addictions, continuous losses, and
    blaming others.

    8. To continue trading on the futures, I have:


    Understood the rules and risks of engaging in futures
    transactions, and I agree that any loss incurred in the transactions is
    my responsibility regardless of the platform.

    9. Due to network delays, system failures and other possible


    factors which may lead to suspension or deviation of
    Binance Futures service execution, Binance will use
    commercially reasonable efforts to ensure but not promise
    that Binance Futures service system runs effectively.
    Binance shall not be liable for the final execution results
    due to the above factors.
    Agree.

    10. Profit and loss (PnL) in futures are calculated by:


    After closing a position, according to the opening price and
    closing price to calculate actual profit and loss.

    11. When your encounter a failure to trade costately, you must:


    Check the network and retain information for customer service.

    12. Futures fees include:


    In addition to the orders commission, position also produce
    capital expenses and liquidation expenses.

    13. In Coin-margined futures trading, what kind of currency


    can be used as margin:
    The currency of this future.

    14. In the event of a service disruption on Binance Futures, you


    may use the “close all positions” function to cancel all
    orders and close all open positions. However, due to
    unpredictable factors, the final execution result of this
    function might deviate from your expectations, and Binance
    shall not be liable for the final results.
    Agree

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