What is better and which one would you guys prefer. I have been doing spot trading but i haven't made much money, so i was kind of making up my mind to jump in future trading but a lot of my friends are asking me not to as they think that i can loose big. So what you experienced traders prefer?
High profits, - high risks.
This works on these.
In the future trading, you may be able to get big profits very soon, but on the opposite, you can also lose your money very soon.
If you really want to go into future trading, ensure that:
- You have a good heart condition, because future trading sometimes will make your heartbeat very hard and a higher worry, and sometimes it is often anxious.
- You are ready with high risks, not only think about the big profits that you can gain
- You have understood what is future trading
- You have understood the features in the future trading
- You have good money and risk management, how much to set on the margin, how much leverage, and others.
- You have learned how to analyze the charts, based on what time frame and others
- It is also needed to learn about SL/CL, hedge mode, and others.
- ANd many more fundamental and technical strategies that should be done.
At least, they are what we need. And maybe some more others.
Without these, it may be more to gambling.
Learn from your own experience if you are ready so that you will also know what is best for you.
And I will not suggest you to trading in futures if you are still asking like this.