Gammax exchange Learn And earn Quiz Answer : LEARN ABOUT CRYPTO TRADING AND EARN REWARDS
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1st Quiz}} How to Start Trading on GammaX
Chọn “HOW TO OPEN AND FUND A METAMASK WALLET”
Q1.How many words are typically part of the secret recovery phrase?
Ans:- 2) 12
Q2.Should you respond to a direct message on Discord/Telegram from unknown users?
2nd Quiz}} Decentralized Finance Explained
Chọn “WHY DECENTRALIZED FINANCE MATTERS”
Q1.Investors with a smaller capital can participate in DeFi by:
Ans:- b. Using leverage responsibly while trading
Q2. Decentralized exchanges are backed by?
Ans:- b. Audited open-source smart contracts
3rd Quiz}} Bear Market Trading Tips: Changing Strategies
Chọn “CHANGING TRADING FREQUENCY”
Q1. Which one of these methods is NOT a trading frequency approach?
Ans:- d) DCA
Q2. Which one of the following is NOT a change of asset class/financial instrument method?
Ans:- c) “Buying the dip”
Q3. Which of these approaches is used by traders to use market volatility to their advantage?
Ans:- d) Momentum trading
4th Quiz}} Bear Market Trading Tips: Honing Your Analytical Skills
Chọn “TECHNICAL ANALYSIS”
Q1. Studying market microstructure gives you insight into
Ans:- b) The internal operations of financial markets
Q2. Which of the following is NOT an example of Fundamental Analysis?
Ans:- c) Tracking transactional data on blockchains
Q3.Which of these is a scaling method?
Ans:- a) Stop-loss
5th Quiz}} What Is a Bear Market?
Chọn “DEFINING THE BEAR”
Q1. Bear markets occur when prices in a market decline more than __% for typically _ months or more
Ans:- b) 20, 2
Q2. Capitulation happens during which phase of a bear market:
Ans:- b) Phase 2
Q3. Quiz: A correction is shorter than:
Ans:- d) 2 months
6th Quiz}} What are Perpetual Crypto Futures?
Chọn “WHAT ARE FUTURES?”
Q1. From what does a futures contract derive its value?
Ans:- The underlying asset
Q2. Futures contracts are referred to by:
Ans:- Their expiration month
Q3. What defines a cryptocurrency inverse future?
Ans:- a) The use of cryptocurrency as the base currency
7th Quiz}} Crypto CEXs & DEXs~ The Dilemma of CEXs
Chọn “THE DILEMMA OF CEXS”
Q1.What does ‘Not your keys, Not your coins’ mean?
Ans:- b. You do not truly own your crypto
Q2. Quiz 1: Proof of Reserves in DeFi is assessed via a metric called:
Ans:- 2. Total Value Locked
Q3. Quiz 1: Which three key features of a CEX and DEX does GammaX combine?
Ans:- 1. Self-custody of assets/ 2. Intuitive UI/UX/ 3. Liquidity
8th Quiz}} When to Enter and Exit a Crypto Trade?
Chọn “WHY DO YOU NEED AN ENTRY AND EXIT STRATEGY?”
Q1. What does a lower entry and higher exit mean?
Ans:- b. Higher profits
Q2. Which strategy allows you to average your overall buying cost?
Ans:- b. Dollar Cost Averaging
Q3. ___ trails the current market price of a crypto asset?
Ans:- b. Trailing Stop
More Answer coming Soon….