April 20, 2024

If you are an avid dealer, likelihood is you are at all times looking out for brand spanking new methods to check and enhance your buying and selling abilities. One such approach is thru buying and selling quizzes, and Phemex, a well-liked cryptocurrency derivatives change, gives a wonderful quiz to check your information of the buying and selling world. In this text, we’ll give you the Phemex quiz solutions that will help you ace this difficult quiz.

Sign up on Phemex right here:- https://phemex.com/register?referralCode=FC5YI5

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Phemex Quiz Answers For Trading

The Phemex quiz consists of ten multiple-choice questions masking varied matters associated to buying and selling, together with technical evaluation, buying and selling psychology, danger administration, and extra. Let’s dive into the questions and solutions.

(a) Which of the next indicators is NOT utilized in technical evaluation? Answer: c) Fundamental evaluation.

(b) What is a bear market? Answer: b) A market situation the place costs are falling or anticipated to fall.

(c) What is the distinction between a restrict order and a market order? Answer: a) A restrict order lets you set a particular worth at which you wish to purchase or promote an asset, whereas a market order executes instantly on the present market worth.

(d) What is a stop-loss order? Answer: c) An order positioned to promote an asset mechanically if its worth falls to a sure degree.

(e) What is the aim of leverage in buying and selling? Answer: a) To amplify your buying and selling positive factors and losses.

(f) What is the distinction between a bull and a bear entice? Answer: c) A bull entice is a false sign {that a} market will rise, whereas a bear entice is a false sign {that a} market will fall.

(g) What is the importance of the “golden cross” in technical evaluation? Answer: b) It happens when a short-term shifting common crosses above a long-term shifting common, indicating a possible upward development.

(h) What is the distinction between a assist degree and a resistance degree? Answer: a) A assist degree is a worth degree the place shopping for stress is powerful sufficient to stop the worth from falling additional, whereas a resistance degree is a worth degree the place promoting stress is powerful sufficient to stop the worth from rising additional.

(i) What is the “concern and greed” index? Answer: c) A metric that measures the feelings of market contributors and supplies a sign of whether or not the market is overbought or oversold.

(j) What is the distinction between a protracted place and a brief place? Answer: b) An extended place is a guess that the worth of an asset will rise, whereas a brief place is a guess that the worth of an asset will fall.

The Phemex quiz is a wonderful option to take a look at your information of the buying and selling world and enhance your buying and selling abilities.

By realizing the Phemex quiz solutions, you possibly can enhance your probabilities of acing this quiz and acquire extra confidence in your buying and selling talents. So, maintain working towards and studying to develop into a profitable dealer. Happy buying and selling!

Phemex Quiz Answers Fiat

The Phemex Quiz is a well-liked platform amongst merchants seeking to take a look at their information of cryptocurrency buying and selling. While the quiz could be a enjoyable problem, it additionally supplies invaluable data on how you can commerce cryptocurrency on the Phemex platform.

One of the commonest questions that merchants have is how you can convert fiat foreign money to crypto on Phemex. Below, we are going to give you the solutions to the Phemex Quiz in addition to a step-by-step information on how you can convert fiat foreign money to crypto on Phemex.

Also, Read

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Phemex Quiz Answers: How to Convert Fiat Currency to Crypto

The Phemex Quiz is designed to check your information of cryptocurrency buying and selling ideas comparable to margin buying and selling, danger administration, and order varieties. By finishing the quiz, you possibly can earn a spot on the leaderboard and win prizes. To enable you to ace the Phemex Quiz, listed below are the solutions to a few of the mostly requested questions:

Q: What is the minimal quantity you possibly can deposit on Phemex?
A: The minimal deposit quantity on Phemex is $10.

Q: What is the utmost leverage you should use on Phemex?
A: The most leverage on Phemex is 100x.

Q: What is the distinction between a restrict order and a market order?
A: A restrict order is an order to purchase or promote at a particular worth, whereas a market order is an order to purchase or promote on the present market worth.

Now that you’ve got the solutions to the Phemex Quiz, let’s transfer on to how you can convert fiat foreign money to crypto on Phemex.

How To Convert Fiat Currency To Crypto On Phemex

Here are the steps:

Step 1: Log in to your Phemex account.
Step 2: Click on the “Deposit” button within the prime proper nook of the display.
Step 3: Select the fiat foreign money you want to deposit and enter the quantity.
Step 4: Follow the directions to finish the deposit utilizing your most well-liked fee methodology.
Step 5: Once the funds are in your Phemex account, click on on the “Trade” button.
Step 6: Select the cryptocurrency you want to purchase and enter the quantity.
Step 7: Choose the order kind (restrict or market) and set the worth if utilizing a restrict order.
Step 8: Click on the “Buy” button to finish the commerce.

And there you will have it! By following these easy steps, you possibly can simply convert fiat foreign money to crypto on Phemex. Remember to at all times follow accountable buying and selling and danger administration. Happy buying and selling!

How To Get Free Money On Phemex?

How To Get Free Money On Phemex

Phemex is a cryptocurrency change platform that sometimes gives promotions and rewards to its customers. To get free rewards on Phemex, you possibly can observe these steps:

  1. Sign up for a Phemex account if you do not have one already.
  2. Check the Phemex promotions web page or observe Phemex’s social media accounts for updates on any ongoing promotions or rewards.
  3. Participate within the promotion or reward program by finishing the required duties or assembly the required standards.
  4. If you meet the necessities and are eligible for the reward, it is going to be credited to your Phemex account.

It’s essential to notice that Phemex’s promotions and rewards are topic to phrases and situations and will have particular eligibility necessities or time limitations. Be positive to learn the phrases fastidiously and observe the directions to make sure you are eligible for the reward.

Is Phemex Real Or Fake?

Phemex is an actual cryptocurrency change platform. It was based in 2019 and is headquartered in Singapore. Phemex gives buying and selling companies for varied cryptocurrencies, together with Bitcoin, Ethereum, and XRP, amongst others. The platform additionally gives buying and selling options comparable to perpetual contracts, spot buying and selling, and simulated buying and selling.

Additionally, Phemex has safety measures in place, comparable to chilly storage and two-factor authentication, to guard customers’ funds and accounts. However, it is very important word that, as with all monetary service, there are dangers concerned with utilizing cryptocurrency exchanges and customers ought to train warning and do their very own analysis earlier than investing.

How To Trade 100x On Phemex?

Phemex gives leverage buying and selling as much as 100x for sure cryptocurrencies comparable to Bitcoin, Ethereum, and Chainlink. Here’s how you can commerce 100x on Phemex:

  1. Sign up and confirm your account on Phemex.
  2. Deposit funds into your Phemex account.
  3. Select the cryptocurrency you wish to commerce with and click on on the “Trade” button.
  4. Choose the buying and selling pair you wish to use and choose “Advanced” buying and selling mode.
  5. On the buying and selling display, select the quantity of leverage you wish to use. You can choose as much as 100x leverage.
  6. Set your order kind and place your order.
  7. Monitor your commerce and handle it as vital.

It’s essential to notice that leverage buying and selling is a high-risk exercise and can lead to important positive factors or losses. Be positive to coach your self on the dangers concerned and use warning when utilizing excessive leverage. It’s additionally a good suggestion to begin with decrease leverage quantities and work your approach up as you acquire expertise and confidence.

How Do I Claim My Phemex Welcome Bonus?

To declare your Phemex welcome bonus, you will have to observe these steps:

  1. Create a Phemex account: If you have not already carried out so, you will have to create a Phemex account by going to the Phemex web site and clicking on the “Sign Up” button.
  2. Complete the registration course of: Once you will have created your account, you will have to finish the registration course of by verifying your electronic mail handle and finishing the KYC (Know Your Customer) course of.
  3. Make a deposit: To be eligible for the Phemex welcome bonus, you will have to make a deposit into your Phemex account. The quantity of the bonus will rely upon the dimensions of your preliminary deposit.
  4. Claim the bonus: After you will have made your deposit, you possibly can declare your welcome bonus by going to the “Promotions” part of the Phemex web site and clicking on the “Claim” button subsequent to the welcome bonus supply.
  5. Meet the bonus necessities: Once you will have claimed your bonus, you will have to satisfy the bonus necessities earlier than you possibly can withdraw your bonus funds. These necessities will differ relying on the precise bonus supply, so make sure to learn the phrases and situations fastidiously.

If you will have any questions or points whereas claiming your Phemex welcome bonus, you possibly can contact the Phemex buyer assist group for help.

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