Is it advisable as a starter to engage in future trade? - page 2.

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Quote from: Davidvictorson on September 03, 2022, 12:23:31 PM

Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

The term I want to highlight is word new trader. My advice is yes and No. Yes, it you are at least 50% confident in yourself. However wisdom demands that you do not jump right into it. You can start out first using simulators for a couple of months. Watch how much profit you make and how much loss you incur. Once you feel you are getting the hang of it then you can do the real deal. Start out first will small amounts before going big. And No, if you feel you do it because you see other traders doing it and making it big. And you think it will be the shortest cut to massive profits.

When you are just new not only into trading but on everything then it would really be just common sense that you wont be touching up those area which does require more intermediate-advanced skills which it would

be that common sense that you would really be that skipping on that and stick with the basics or the most simplest concept or ways on touching up trading.If your curiosity level is that high or that impulsive

then go ahead and try but dont blame out someone whenever you had just simply blown up your capital on a short time.Futures trading is something that can someone will easily able to bare or handle out.

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As a new trader this is not something advisable, though most people like to engage in it without even considering how high the risk of losing their funds is. This strategy requires high experienced traders, traders who have been in the market for so long who can tell how the market will look like in the future.

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@OP if you have a grasp of future trades and understand the basics of it, then you can. There is no other way to build our knowledge than filling up experience. Though I would advice that you should only allocate a minimum amount since this is just something like testing the waters for you.

Quote from: CryptoYar on September 03, 2022, 12:58:57 PM

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I know a few people who made huge profits from trading futures that made them think of themselves as experts. But it didn't take long for them to lose this rhythm, when the bear market started, they got so confused that they lost all their profits through futures trading again.

A good trader does not care whether the trend is bear or bull. He can make money in both types of market.

However it is also a fact that it is easy to trade in the bull market whereas it is a little difficult in the bear market but still it is not that hard if you are experienced trader.

Quote

So the futures market is a place for experts, short-term profit can be made here with little knowledge, but if there is no proper market knowledge and knowledge of money management, it will not take long for that trader to lose all his funds.

Yes, Futures trading is not for newbies. ( a newbies should begin with spot trading and keep learning when he feel that have enough knowledge, then he can move to Futures trading with a small amount money)

Now how can a person become an expert if he won't try things? All experienced traders started as newbies, just saying.

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Although anyone (even newbies) can try futures trading, but for me it's something that I wouldn't recommend if you are new or inexperienced. Anything can happen unexpectedly without warning.

The good ol' spot trading is still what I prefer for the newbies and beginners. Before jumping into futures trading, you should learn first about the basics and also how not to be "really drained emotionally" if you are being liquidated by means of financial risk management.

It's totally up to you if you wanna try it or not. If your prediction about short or long positions are correct and profited, then that's good for you. However if you are being liquidated, just treat it as a donation for you to learn your lesson and get better in making decisions next time.

Make sure you do not go all-in. Only futures trade what you can afford to lose.

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Quote

I know a few people who made huge profits from trading futures that made them think of themselves as experts. But it didn't take long for them to lose this rhythm, when the bear market started, they got so confused that they lost all their profits through futures trading again.

A good trader does not care whether the trend is bear or bull. He can make money in both types of market.

However it is also a fact that it is easy to trade in the bull market whereas it is a little difficult in the bear market but still it is not that hard if you are experienced trader.

Quote

So the futures market is a place for experts, short-term profit can be made here with little knowledge, but if there is no proper market knowledge and knowledge of money management, it will not take long for that trader to lose all his funds.

Yes, Futures trading is not for newbies. ( a newbies should begin with spot trading and keep learning when he feel that have enough knowledge, then he can move to Futures trading with a small amount money)

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

The term I want to highlight is word new trader. My advice is yes and No. Yes, it you are at least 50% confident in yourself. However wisdom demands that you do not jump right into it. You can start out first using simulators for a couple of months. Watch how much profit you make and how much loss you incur. Once you feel you are getting the hang of it then you can do the real deal. Start out first will small amounts before going big. And No, if you feel you do it because you see other traders doing it and making it big. And you think it will be the shortest cut to massive profits.

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Quote from: Pandu Geddon on August 23, 2022, 11:17:28 AM

all trades I am sure will be risky for everyone. especially for beginners, I do not recommend you are in futures trading. it requires better skills as well as experience. you can learn it now, but better collect your trading skills on the spot, I'm sure it will be better.

if you still don't have good skills, or can't do market analysis yet, I think you better do long-term planning first before learning day trading or futures.
although still risky, the investment will be better for beginners than trading.

Cryptocurrencies are risky investments. But even more risky is the futures trade. Where you can lose your money for a little volatility, it can also multiply. Those who have both good skills and money in spot trading and those who can take more risk they can do futures trade if they want. It is better to keep some assets extra after deposit because there is a possibility of liquidation at any time. It should not be taken at first for those who are new. Futures trading can be started after gaining a little bit experience in spot trading.

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Quote from: Lanatsa on September 02, 2022, 05:36:52 PM

The time that you should consider yourself on touching up futures is on the time that you've been trading up for too long or do have sufficient knowledge and skills towards the market because you cant able to bare

up the risk involved and you would just definitely be burning up your money in fast pace manner and its never been suggestable that you should touch up futures when you are just starting up
on doing trading.You might able to make money at first but on longer run you would able to realize that it wasnt really be that easy.

Get yourself to be effective on spot trading first before tending to jump into other types of trading.

I know a few people who made huge profits from trading futures that made them think of themselves as experts. But it didn't take long for them to lose this rhythm, when the bear market started, they got so confused that they lost all their profits through futures trading again.

So the futures market is a place for experts, short-term profit can be made here with little knowledge, but if there is no proper market knowledge and knowledge of money management, it will not take long for that trader to lose all his funds.

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Quote from: sulendra12 on September 02, 2022, 05:59:42 PM

I mean, the exchange already told you to be careful when doing future trades. If you are really confident with your skill, then go for it since it's your money after all. Otherwise, just avoid it especially for new traders. It's not something that could make profit for new traders due to the risk.

But for a newbie, it's not that easy to be confident with his skill to get on with futures trading.

It's better to listen to the voice of the people telling that he should study it first. Do what they're telling if it's justifiable and valid on why the people are telling you to avoid it.

Well, how many do really are listening with such advises when they're being told what to do? I hope that many of them listens or if they want to learn it, they should proceed and accept any result from it.

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

I mean, the exchange already told you to be careful when doing future trades. If you are really confident with your skill, then go for it since it's your money after all. Otherwise, just avoid it especially for new traders. It's not something that could make profit for new traders due to the risk.

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Quote from: ScamViruS on September 02, 2022, 02:58:14 PM

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Futures trading is for those traders who have good knowledge about the market and can do market analysis properly. Futures trading will be more risky in the current market conditions. New traders are looking for ways to make quick profits as soon as they enter the market, but they are not interested in gaining knowledge about crypto trading. Which is the most important thing for a trader. I advise new crypto traders to first acquire the ability to properly trade profitably in the spot market before moving into futures trading.

The time that you should consider yourself on touching up futures is on the time that you've been trading up for too long or do have sufficient knowledge and skills towards the market because you cant able to bare

up the risk involved and you would just definitely be burning up your money in fast pace manner and its never been suggestable that you should touch up futures when you are just starting up
on doing trading.You might able to make money at first but on longer run you would able to realize that it wasnt really be that easy.

Get yourself to be effective on spot trading first before tending to jump into other types of trading.

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Quote from: ?? on ??

Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Futures trading is for those traders who have good knowledge about the market and can do market analysis properly. Futures trading will be more risky in the current market conditions. New traders are looking for ways to make quick profits as soon as they enter the market, but they are not interested in gaining knowledge about crypto trading. Which is the most important thing for a trader. I advise new crypto traders to first acquire the ability to properly trade profitably in the spot market before moving into futures trading.

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Quote from: AicecreaME on September 02, 2022, 07:45:54 AM

We can't blame them if they want to try futures trading because for sure they are seeing a lot of videos regarding about it, making a lot of money on it. The only misconception about it is that they thought it could be learn overnight and it'll make you rich overnight, but it is the other way around.

Exactly. They are innocent, it is natural that someone has an intention to try something interesting. There are too many confession videos that people can be easily successful to gain a lot of money through trading future. Some beginners may think it is easy to do, in fact it requires sufficient knowledge and experience in trading. They just realize it once they have already tried the future trading, sadly it is after they lose some money. In this situation, wise beginners should stop it but greedy beginners don't care and continue to trade as they assume to have a chance of gaining huge profits.

Quote from: AicecreaME on September 02, 2022, 07:45:54 AM

I believe the best advice for those who are itching to make profit in futures even though they are newbies is that they should have a lot of patient, perseverance, dedication, and commitment, and of course a goal. Trading halfheartedly will never gonna bring them to a high level of trading.

For those beginners, you are better to focus on learning first and begin the trading journey with spot trading. Now, just ignore the intention to try margin or future trading since they are only for experienced traders. You can try them someday, when you think that you have enough knowledge and experience to try margin or future trading.

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

many have advised the OP not to trade futures when he has no experience with this. especially in futures trading. even in spot trading, futures trading will have a greater risk.

I follow the telegram group regarding trading signals. some people show off their futures trading results. it looks easy and tempts us to try it. but they show results when they are lucky. why not share when the trades made used up all the assets?
however, for beginners would be better to learn it first. while learning can try investing. I guess it would be safer.

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Quote from: ultrloa on September 02, 2022, 07:03:09 AM

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Even pro traders busted all their money for wrong prediction so it gives more huge risk for newbies to try on. Especially right now market is even more u predictable that's they should forget about this and learn other trying like taking spot trades for several months. For sure we can learn a lot from our experiences in trading and provably we can use this when we try to take a huge risk on trading in binance futures.

We can't blame them if they want to try futures trading because for sure they are seeing a lot of videos regarding about it, making a lot of money on it. The only misconception about it is that they thought it could be learn overnight and it'll make you rich overnight, but it is the other way around.

I believe the best advice for those who are itching to make profit in futures even though they are newbies is that they should have a lot of patient, perseverance, dedication, and commitment, and of course a goal. Trading halfheartedly will never gonna bring them to a high level of trading.

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Quote from: Nyben on August 22, 2022, 08:53:13 PM

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Even pro traders busted all their money for wrong prediction so it gives more huge risk for newbies to try on. Especially right now market is even more u predictable that's they should forget about this and learn other trying like taking spot trades for several months. For sure we can learn a lot from our experiences in trading and provably we can use this when we try to take a huge risk on trading in binance futures.

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Quote from: autumnleaf on September 01, 2022, 11:13:57 PM

It is not advised if you are just getting started. Just as the majority of member here suggested, it is advisable to start with spot trading and build expertise before moving on to futures trading because futures trading is similar to gambling. You have a ton of chances to become involved with things and do well. So, after you have a firm grasp of how everything operates, I believe you can begin to put your experience into practice.

He can engage on it but not on the real thing first. Just like in trading we have demo versions so I think it is also available in futures trading. By there he should practice properly and once he is familiar on the terminologies and on how things work, he is now ready to put some coins on it. You said futures trading is similar to gambling?

But, what about the regular trading (spot)? I think it was the same. It's also being linked all the time with gambling but the only difference I think is that gambling is more enjoyable and easy to operate. There are no difficult terms or mechanics to know but as long as you have a coin, you can start asap.

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It is not advised if you are just getting started. Just as the majority of member here suggested, it is advisable to start with spot trading and build expertise before moving on to futures trading because futures trading is similar to gambling. You have a ton of chances to become involved with things and do well. So, after you have a firm grasp of how everything operates, I believe you can begin to put your experience into practice.

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For future trading individuals with keen mind can gain points but it is not viable that value which is theorize will get it or not. Those who had some best time with crypto will be experienced and they surely utilize certain appliances to reduce hazards and newbies does not know about it. I think the newbies should initiate by taking part in simple task and future trading is relatively complicated and unsafe.

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It is good if you make an investment with your knowledge first like what are the fundamentals of the trading concept by that you can now easily execute the trade with the use of the patterns that why we have the term of technical analysis we analyzed thegiven chart pattern to make a good position to trade. Also it is good to find a platform supported a paper trade afaik trading view supported this feature.

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