Futures trading - page 2. | Bitcointalksearch.org

monineklutak

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Quote from: CODE200 on June 20, 2020, 03:27:30 PM

I've been inactive for a while, I want to continue trading but now I don't want to stick with conventional trading, the regular one. I want to be more risky this time that is why I am aiming for futures trading.

I've watch some youtube tutorials about it, I already understand how it works but I can't choose which platform I would choose.

on my list is Binance, Bitmex and Okex. Any thoughts?

I really have stayed away from futures trading, the risk of losing money is terrible,
I've lost $ 500 overnight, I recommend the spot market to trade

Latviand

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Quote from: Shimmiry on June 21, 2020, 12:39:40 AM

Binance is good as it has many features and even lets you play games in their platform. Though some features requires KYC, I don't think it would be an issue as you've said that you wanted to take higher risks, also, Binance have a lot of users/traders that are active hence it's volume was fair enough. This isn't to promote Binance but I think it's the best if you would pursue daily crypto trading and focus in it.

But if you really love to have a long term (that you can still be using in the future) trading, better reconsider trying Stock Trading or Forex Trading. Most traders there trades for years and wealth is mostly growing (unless you aren't that good enough)

If you're looking for a good and effective trading platform for your future trading, then try to use Binance. I used it for so long and I'm comfortable with its features that I can't find in many trading platforms. It is the most trustworthy exchanges that I know and it is much easier to manipulate my assets using this.

Binance's security when it comes to its customer is really outstanding that's why the volume of people who are using it is high enough. Its reputation to some traders are really high that's why you this platform will never disappoint you.

Future trades are really easy to do using Binance.

CODE200

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Well I appreciate your effort recommending me a platform to do future trading.

But from now on I think I should do it on Binance since it got a better reviews, actually it's my first time on binance trading.

Goodluck to me !

ashmodeus

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binance, it's pretty simple. i also still do that right now , since market is extreme unpredictable from 3 weeks ago, i've big lose on spot trading,so, futures seems good choice for now, under x10 is still safe i guess,and quite profitable.

CODE200

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Quote from: logfiles on June 20, 2020, 04:19:12 PM

Not trying to shill Bybit but it seems to be a good platform too. I have experienced both Bitmex and Bybit (never for Binance because of KYC and a bit of complexity about their futures platform)

My Pros on bitmex
- Liquidity is very high

Cons on bitmex
- Withdraw is once a day
- No mobile app so no trading on the go
- Sometimes it freezes/lags and it's hard to open/close positions when the market goes crazy, the most recent was witnessed in March, during that crazy bitcoin dip if you remember Cheesy

(you can Google and see that a number of folks were not happy about it)
- Withdraw is done once day.
- Support only BTC (XBT) deposits and withdraws

Only once per day? I guess it won't be a problem to me but I think it's unusual for a platform tho, plus the availability on mobile phone is a good edge for a trading platform. But the thing with bitmex that I like the liquidity, the one that you mentioned above, considering futures trading will also vary on that.

Quote from: logfiles on June 20, 2020, 04:19:12 PM

My Pros on Bybit
- Withdraws can be done 3 times a day
- Have a mobile app so you can trade on the go or using a mobile phone
- I haven't so far experienced any lags/freezes especially on the mobile device
- Support Deposits and withdraws in ETH, EOS, BTC, XRP and USDT
- They have an internal exchange for quick exchange of assets
- So many promotions that can earn you some bonus BTC, ETH or USDT

Cons on Bybit
- Liquidity is still low for most futures though it's promisingly growing
- There was a huge gap between the exchange's mark price and index price during that infamous Bitcoin dip in March this year. I don't know if it was solved because it led to liquidation of some traders' positions

Cons of bybit is quite bothering, for a stuff like trading I think the liquidity is a huge factor. I would still look for it too.

From all of these I think Binance is the leading platform

yhiaali3

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For me I don't like futures trading and I prefer to use spot trading, but if you want to venture you can try the following platforms:
1. Binance
2. Huobi Huobi
3. OKEx
4. KuCoin
5. Bittrex
Before trading, I advise you to look for some important things like:
Reputation - platform reputation is very important in choosing the platform you want to work on.
Liquidity and trading volume.
Fees - You should know about the different fees between the different platforms and choose what suits you best.
Payment Methods - What payment methods are available on the platform?
Verification Requirements - Does the platform require KYC or not?
Geographical restrictions - some features offered to users are only accessible from some countries.

I think these are important matters and you should know before choosing the platform to trade on.

ChrisPop

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It is good that you're documenting yourself before starting futures trading as this is a whole other game than spot trading. However if you wanna trade crypto - spot trading should be more than enough as the volatility is quite high. Make sure that your desire to move to leverage trading is not from the urge to gamble. I've seen this before.

As for the platform I would consider Bitmex, Deribit, Bybit or Binance. Check the liquidity and volume on those. You don't wanna get whipsawed when trading with leverage.

Assface16678

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I start trading with the use of binance and one of the reason why I choose this trading platform they have a lot of features and promos reward which is good to be recently which is good to the beginner and wants to make a lot of trades these is my pros and cons too I want to share on binance

Pros

Have a good security because of email log in
If your trade are going into liquidity they prompt a message to warning you
Have a dark theme specially to the people who wants those features
Faster transaction and exchange also they have a lot of volumes

Cons

It takes time to find out the information you want to do because it has a lot of tabs
The cache if your resent tools on trading view, sometimes it may not load when you open after a few minutes your previous tools and the recent tools goes to over lap

Those are the basic information I just observe on the trading of binance.

crwth

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https://linktr.ee/crwthopia

It's an excellent motivation to have that kind of "risking" mentality but make sure that you are going to work it out, win or lose on that trading.

Futures is going to be challenging at first, especially if you are just learning it right now. It's best to know some key terms before dwelling with futures trading.

Know what the units of measurement of the contracts (is it in USD, BTC, etc.)
Minimum quantity of contracts
Leverage
Risk Management
Automatic trading

These apply to different exchanges as well. It's best to try a virtual trading account / fake account with fake money to test your strategy and if it will work in the long run.

Personally I have been using BitMEX and Binance Futures. They are both reliable. I prefer Binance futures because I earn USDT instead of BTC. Depending on how much risk you have, choose wisely.

I had a poor experience with OKEx because it seems that they force close your position at a particular time (which shouldn't be the case). I'm not sure if it's fixed anymore, but I stayed away from it because of that. Spot markets there are okay, but futures I think are not yet reliable.

cryptoaddictchie

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If you want many choices of coins/tokens, go for Binance their mobile app is friendly user and can be used on setting up a future trades too. Talking about risk, they have a lot of leverages options from 10x, 20x to even 125x on some selected coins. (I think BTC/USDT) Depends on your apetite.

_{Just be careful cause future trading is like a gambling you wouldnt know when it will hit you. Dont forget to set your stop loss to avoid heavy damage on your asset.}

Stay away from Bitmex: cons explained up top, my friends dont used this anymore due to huge issues they are facing dont wanna caught on fire with their problems.

Shimmiry

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Quote from: CODE200 on June 20, 2020, 03:27:30 PM

~
on my list is Binance, Bitmex and Okex. Any thoughts?

Binance is good as it has many features and even lets you play games in their platform. Though some features requires KYC, I don't think it would be an issue as you've said that you wanted to take higher risks, also, Binance have a lot of users/traders that are active hence it's volume was fair enough. This isn't to promote Binance but I think it's the best if you would pursue daily crypto trading and focus in it.

But if you really love to have a long term (that you can still be using in the future) trading, better reconsider trying Stock Trading or Forex Trading. Most traders there trades for years and wealth is mostly growing (unless you aren't that good enough)

TheUltraElite

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So anyway, I applied as a merit source :)

While it is good that you are attempting newer modes of making money from the market, still futures is a more risky method and what I consider to be more of a gamble than spot trading. Thing is the brokers/exchanges in this case, dont care about your money but rather how much you are using them because they get paid on that. So if the idea of doing futures came from a promotional email or so, please think twice before putting money in it.

In future you will be predicting prices to be attained. Now you may be able to predict nicely with help of TA or so but it is correct around 50% of the times. So it ends up being a dice roll. Dont think that because some good news came you can predict the market on futures, you could do that in spot but not that efficiently in futures which would be enough to make a profit in time.

Anyway good luck on your investment, the sites posted above are pretty good.

Quote from: logfiles on June 20, 2020, 04:19:12 PM

Cons on bitmex
- Withdraw is once a day
..snip..
- Withdraw is done once day.

Are you trying to make a point by posting that twice? Grin

logfiles

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Top Crypto Casino

Not trying to shill Bybit but it seems to be a good platform too. I have experienced both Bitmex and Bybit (never for Binance because of KYC and a bit of complexity about their futures platform)

My Pros on bitmex
- Liquidity is very high

Cons on bitmex
- Withdraw is once a day
- No mobile app so no trading on the go
- Sometimes it freezes/lags and it's hard to open/close positions when the market goes crazy, the most recent was witnessed in March, during that crazy bitcoin dip if you remember Cheesy

(you can Google and see that a number of folks were not happy about it)
- Withdraw is done once day.
- Support only BTC (XBT) deposits and withdraws

My Pros on Bybit
- Withdraws can be done 3 times a day
- Have a mobile app so you can trade on the go or using a mobile phone
- I haven't so far experienced any lags/freezes especially on the mobile device
- Support Deposits and withdraws in ETH, EOS, BTC, XRP and USDT
- They have an internal exchange for quick exchange of assets
- So many promotions that can earn you some bonus BTC, ETH or USDT

Cons on Bybit
- Liquidity is still low for most futures though it's promisingly growing
- There was a huge gap between the exchange's mark price and index price during that infamous Bitcoin dip in March this year. I don't know if it was solved because it led to liquidation of some traders' positions

CODE200

sr. member

Activity: 1484

Merit: 323

I've been inactive for a while, I want to continue trading but now I don't want to stick with conventional trading, the regular one. I want to be more risky this time that is why I am aiming for futures trading.

I've watch some youtube tutorials about it, I already understand how it works but I can't choose which platform I would choose.

on my list is Binance, Bitmex and Okex. Any thoughts?

Topic: Futures trading - page 2. (Read 519 times)