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Topic: Binance futures Are you full time trader ? - page 3. (Read 386 times)

hero member
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Vave.com - Crypto Casino
November 30, 2022, 03:29:54 PM
#8
Congrats and good for you. I'm sure you bet to know how many are always losing in futures and that's because they still lack experience and knowledge.
I guess, if you're a full-time futures trader then you're so good at it and you're making a living from it. Like you're going to make more than $100 a day or every trade you make.
hero member
Activity: 1428
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Next Generation Web3 Casino
November 30, 2022, 02:27:27 PM
#7
Now I ask you at what point would you like to trust exchange I mean Centralized exchanged if you could lay your trust in binance then what more of FTX lapses, this was same way it was trusted before the sudden development that occurred recently and you trust Binance exchange.
My advice to you is never you lay a full trust or reliability to Centralized exchange as your money are not in your control. Bear it in mind that Note your key Not your money, and you keep saving money on CEX.
Traders on CEX needs to be fully oriented about security breaching issues which may occurs at anytime.
legendary
Activity: 2268
Merit: 1655
To the Moon
November 30, 2022, 11:42:39 AM
#6
If binance will follow to FTX then who else you can trust anymore ?..

Centralized exchanges are not designed to store cryptocurrencies. To store your coins, you need to use a wallet from which you have a private key. On a centralized exchange, it is necessary to store only that part of the deposit that is necessary for trading. An even better solution might be to use DEX.
legendary
Activity: 1414
Merit: 1118
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November 30, 2022, 08:31:08 AM
#5
All I know is that trading is risky, especially for those that have just started trading and for those that just go for emotion. Also in overall discussion, trading is risky, especially future trading.

I cant thank the binance enough to provide this opportunity to us.
Binance provide the service because they want to profit from it, why then thanking them when there are alternative exchanges that are providing the service?

It's really hard to be a full-time trader if you have a lot of bills to pay and future trading is really risky if you don't have a proper trading plan, that's why most traders today switch from future to spot trading.
No trader will start with future trading, they all start with spot. If they learn future trading, likely they are not switching back but to go for 1x leverage or they just buy and hold which would be better on noncustodial wallet. Spot traders are mostly people that do not know how to trade in derivative market because 1x long position is just like spot trading.

Spot trading can be so brutal too. Just ask people who bought Luna right before the crash and had no stoploss
That is true, just that future trading is riskier because of leveraging. What is the real trading in forex, stock trading and crypto trading is for a trader to be able to buy (open a long position) and sell (open a short position), although spot trading is trading too.
copper member
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฿itcoin for all, All for ฿itcoin.
November 29, 2022, 06:13:30 PM
#4
If binance will follow to FTX then who else you can trust anymore ?
The point is, you shouldn't full trust any centralized exchange at all. Have only money you can afford to lose deposited there. I can assure you Binance won't be here forever. Have that at the back of your mind.

that's why most traders today switch from future to spot trading.
Spot trading can be so brutal too. Just ask people who bought Luna right before the crash and had no stoploss

Risk management is the most important aspect of trading.

Most of the future traders are losing their assets since they only rely on trading signals
I am a futures trader and I don't rely on trading signals.
sr. member
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Merit: 264
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November 29, 2022, 07:18:00 AM
#3
Yes Im full time trader
I use binance and futures.

I cant thank the binance enough to provide this opportunity to us.

Right now i can say that im full time trader.

It's really hard to be a full-time trader if you have a lot of bills to pay and future trading is really risky if you don't have a proper trading plan, that's why most traders today switch from future to spot trading.

Most of the future traders are losing their assets since they only rely on trading signals which obviously a way to get money from newbie traders.
newbie
Activity: 56
Merit: 0
November 29, 2022, 06:21:27 AM
#2
Who cares if you are full time trader not? This doesn’t matter if you have bullshit trading portfolio due to trading full time compared to a accurate trading from casual trader. Sharing your trading portfolio will be more interesting rather than just ask whether user is full time or not on Binance. Also you should not leave your balance on any exchange including due to the risk of losing it once Binance run or experience same fate with FTX. Doing a full time trading on centralized exchange is very risky because you are leaving your money exposed to potential risk.

I’m not a full time trader but I do casual trade every weekends, my salary and significant event that will make crypto volatile than normal volume.


If binance will follow to FTX then who else you can trust anymore ?
But Im not talking this Im just talking who's full futures traders i am i trade everyday.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
November 29, 2022, 06:10:29 AM
#2
Who cares if you are full time trader not? This doesn’t matter if you have bullshit trading portfolio due to trading full time compared to a accurate trading from casual trader. Sharing your trading portfolio will be more interesting rather than just ask whether user is full time or not on Binance. Also you should not leave your balance on any exchange including due to the risk of losing it once Binance run or experience same fate with FTX. Doing a full time trading on centralized exchange is very risky because you are leaving your money exposed to potential risk.

I’m not a full time trader but I do casual trade every weekends, my salary and significant event that will make crypto volatile than normal volume.
newbie
Activity: 56
Merit: 0
November 29, 2022, 06:05:09 AM
#1
Yes Im full time trader
I use binance and futures.

I cant thank the binance enough to provide this opportunity to us.

Right now i can say that im full time trader.
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