I'm glad that you're thinking of 1% for short trades because that's really possible. Unlike the others that are asking unlikely percentage because of their greediness, it's just impossible for a short period of time.
Even if that's only 1%, the road for you to get on that point will still be rough. That's the life of a trader that every win you make is not easy but it's all worth it.
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
Of course, you can make way more than 1% of your capital in a few hours or a day, but you should know that the higher your money the higher your gain, and the higher your risk/leverage used, the higher the possibility you may lose or gain more. It's no news, I've made over 300% of my capital in FX trading in a day. This though depends on the market condition, and I believe such could be replicated in crypto as well.
In Bitcoin trading, using 10x leverage means you are risking somewhat moderately, and if the market is moderately volatile, you might find it easy to make your 1%. However, you have to be a good trader to earn in trading, you need a good trading strategy, management and plan. It's not as easy as you might think.
2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?
Let me simplify this for you, in the market, take Bitcoin, for example, the market always looks like this, BTC/USD. The first which is BTC is the base, while the USD is the counter. What you do to BTC, you are actually doing the opposite to the USD. So, if you buy BTC, you are automatically selling the USD. While the liquidity pool is where you buy it from and sell it to.
You don't have to worry about that though, most markets are well-liquid. You don't have to worry about who to buy from you or who you would sell to, it's already present. The trading platform has made it easy, and the buyers and sellers are readily always available for you.
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
In trading, there is a white day and a black day, meaning that you will make a profit on one day and a loss on the other day. The possibility of achieving 1% of profit per day may not be possible in the first days. You will achieve profits of 1% or more, and tomorrow you will achieve losses, and so on, and therefore you must try to make the average 1%.
2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?
Since you are a beginner, I do not advise you to use leverage, as spot trading futures contracts can earn you a profit of 1%. Try to maintain this percentage and learn more about trading.
Nothing is impossible when it comes to trading mate but what really matters is, are you a professional trader? You must know the trading strategy to use so that you can make such gain. It is advisable that newbies should learn the fundamental analysis and technical analysis in trading and you should trade when you don't understand the market. Holding bitcoin for a long term is easier and will be more profitable than trading.
Holding bitcoin for a long term is easier and will be more profitable than trading. You should only use the amount that you can afford to lose, when you want to have trading experience. A trader can't also make profit everyday.
It's nice been a long time that since I've been called a noob.
The whole point of asking questions is to learn and ask anyone who has success they needed to start somewhere and failures are just stepping stones to move forward.
I do thank you for your advise.
Failures and losses had come first before we learn how really trading life is. Yes, I thought before when I began trading I could earn instantly but sadly, the opposite thing happened. I began to wonder and keep searching online and watching YouTube looking for ideas that could help improve my trading journey.
Losses and failures seem to be a reason why we should have to learn more and not just be confident about learning the basics but instead, try to work more. Our experience will be teaching us what are the things needed for us to improve and what are the things that we need to stop.
Okay after reading all the posts and replies . I think i may have phrased my question incorrectly.
I would like to clarify that i am not here seeking instant profits or huge profits for that matter or even said that it was an easy task. The reason im asking is to determine whether i want to take a step forward in the direction of learning trading.
Lets say you have 5 years of trading experience and knowledge with you of fundamentals and technical analysis . Would you think its possible to earn 1% a day in futures. So that would be 0.1% movement into 10x.
at the same time i do understand despite having all the knowledge and experience . Its not always going to be your day and i can agree to this as long as the strategy has an overall profit lets say out of 10 you get 6-7 that are fruitful thats good.
I think doing 1% trades are already insane in my books doing this trade 100 times would 2x my capital.I want to learn if someone would tell me hell yea its definitely possible . i do have the patience for it.
As for the futures question of the liquidity pool. the reason i ask cause it was a bit confusing to me. I could long lev 2x 5 million dollars and the thing would fill on any coin?
despite everything i want to thank everyone who did reply.
Peace and goodluck to everyone