Is it advisable as a starter to engage in future trade? - page 3.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Nyben on August 22, 2022, 09:53:13 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?

Obviously, since you said "new trader" it's like a suicidal move if they will engage right away in Futures. This feature is different from the usual Spot Trading and knowledge about doing Futures before an actual engagement is really necessary. Definitely, you will soon build experience in Futures but don't rush.

As a new trader, learn and familiarize yourself first with how the usual trading works. There will be a time that you can now consider yourself ready to learn new things and that is building an experience with Futures trading now.

ololajulo

sr. member

Activity: 2226

Merit: 270

Chainjoes.com

Quote from: autumnleaf on August 22, 2022, 11:16:15 PM

It is not advisable if you are just starting. Just what like they said better start first in spot trading and gain knowledge once you have enough idea how future trading works you can try little by little There are many options for you to engage with and become profitable like staking

Experience in trading does not prevent one from the risk of future trading, one might only understand the risk better. Even spot trading has risk but not at the level of Future trading. Both trade do well in the bull market and future get to be more rewarding in the bull, however, the loss is very high with any swing. It is too speculative and we dont know all the factors that affect the market price movement, some believe technical analysis cant reduce the risk

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Silberman on August 25, 2022, 11:23:04 PM

Quote from: goinmerry on August 25, 2022, 07:56:57 PM

Quote from: Nyben on August 22, 2022, 09:53:13 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?

No. Familiarize with Spot trading first and gained some knowledge of how trading works.

There will be no such caution as "Future trade can be very risky" just for nothing.

After becoming used to how trading works, you can now start learning how the future works. Do some trials with a fair amount and start learning.

Sometimes I wonder where people get their information to the point they believe that a complete newbie can engage in futures trading and somehow make money with it, people need to do their best effort to keep it simple, no one no matter how smart they are and how many books they have read about trading is ready to trade futures, they need to at first familiarize themselves with how the process of trading works, then learn how to deal with the losses that they will experiment, then they need to become profitable for a long time and only then they will be ready for futures trading.

Simply, the most reason is, that they saw others getting good profits in Future. They think that by doing Future, earning money is quite easy. They will just engage in Future trading without any experience and will just go with the flow. The result is obviously wrecked in most cases.

Sometimes, it's good that these newbies will learn the hard way in order to understand the risks they are dealing with. Lesson learned after experiencing the worst and they will be careful next time when doing Future trades.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

I hope OP will listen to us and read the sentiment on why Futures trading is not advisable for beginners. However, I'd make myself a reason for your failure, you can try it in order to see what really is this Futures Trading. It was hard to verify the situation and the risk of this if not doing it in actuality. As long as you are ready to make a loss of your money, then have tried it. Who knows actually if you are good in future trading than spot trading, sometimes it happens like that.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: sumant on September 01, 2022, 12:31:45 AM

My answer is no. Future trading is risky job because of its its leverage system. I always campare future trading with gambling. Just like games you might won some matches but you will lose whole amount on next time. One day In future trading you will take high leverage and going to loss your money. In future only experienced trader can earn with low leverage so it is not good to start with.

i also don't advise to go to futures if you are relatively new in this market. you can easily get liquidated in this type of trading. so if you are a starter, why not try your hands on spot trading first? you may hear that futures can give you nice profits, but that is, if you know what you're doing. but since you are a beginner, you need to grasp the basic trading first.

sumant

copper member

Activity: 770

Merit: 1

My answer is no. Future trading is risky job because of its its leverage system. I always campare future trading with gambling. Just like games you might won some matches but you will lose whole amount on next time. One day In future trading you will take high leverage and going to loss your money. In future only experienced trader can earn with low leverage so it is not good to start with.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: bocyaj on August 30, 2022, 05:44:46 PM

Do you hold huge amount of free money to waste by playing games,then you can choose the future trade.Being a starter ,you should learn all the trading strategies for one year of time.Then you get some profit from,at last use that profit to get double profit or loss from the future trading is based on your skills.Learn the trade before the future trading in crypto currency.

Regardless of the amount of money that we may have trading the futures market is a mistake if you're not ready for it, after all compared to the amount of money that moves in the markets whatever the amount of money that we may have is always going to pale in comparison, so if someone wants to take that kind of risk they are free to do so but they should at least wait until they are remotely ready for it, otherwise not only they are going to lose their money they are not going to learn anything from it.

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

Free Bitcoins Every Hour!

Quote from: Nyben on August 22, 2022, 09:53:13 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 it is on the Binance exchange, it is not recommended to try by a new trader.
Future trade is only for experienced traders, and it is for those who have enough knowledge about the price fluctution.

For new traders, it is better to focus on a spot trade, it is safer than future trade. I am sure a new trader should take a long time to know well spot trade, it is better to focus on 1 type of trading first. If you have experienced spot trade for a year, then you can start to learn margin or future trade. However, it is not a must to try them if you think it is too risky. Choose which one you think is most appropriate for you only!!

bocyaj

sr. member

Activity: 1313

Merit: 302

Do you hold huge amount of free money to waste by playing games,then you can choose the future trade.Being a starter ,you should learn all the trading strategies for one year of time.Then you get some profit from,at last use that profit to get double profit or loss from the future trading is based on your skills.Learn the trade before the future trading in crypto currency.

blockman

hero member

Activity: 2912

Merit: 627

Vave.com - Crypto Casino

A newbie shouldn't engaged with futures trading that quick. Try to look for any simulator and start from there and imagine how much money you've got in real life that you're about to deal with futures trading and then do it with the simulator.
You'll see why many are telling you that you shouldn't do it yet and better go with the spot trading because it's the better choice that you must do to experience yourself the volatility from different trades of spot and futures.

carlfebz2

hero member

Activity: 2926

Merit: 722

Quote from: gabbie2010 on August 30, 2022, 04:23:10 PM

Quote from: Nyben on August 22, 2022, 09:53:13 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?

As a newbie desist from future trading because it the most risky of all the trading options available, a lot of inexperience traders and newbies account got liquidated within a jiffy because of lack of all the needed skills and knowledge to become profitable, preferably you can start trading with Cross margin which is 3x for a start because it is is less risky and don't be carried away with all sort of Advertisement on social media of some so called traders who display fake profits earned from future trading in a bid to convince newbies to subscribe to their channel or to encourage them to future trading.

Risky indeed and when you are still just a noob then it would be better if you do start up with spot trading because you would really able to bare out when it comes to volatility aspect.

We know that futures trading is something that could blown out an account in a shortest time as possible whenever the market do make out some opposite movement on what you had positioned.

This is why its not recommendable since it would really be that too technical nor even does require extreme knowledge towards on this type of trading.

gabbie2010

sr. member

Activity: 2590

Merit: 322

Vave.com - Crypto Casino

Quote from: Nyben on August 22, 2022, 09:53:13 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?

As a newbie desist from future trading because it the most risky of all the trading options available, a lot of inexperience traders and newbies account got liquidated within a jiffy because of lack of all the needed skills and knowledge to become profitable, preferably you can start trading with Cross margin which is 3x for a start because it is is less risky and don't be carried away with all sort of Advertisement on social media of some so called traders who display fake profits earned from future trading in a bid to convince newbies to subscribe to their channel or to encourage them to future trading.

TheUltraElite

legendary

Activity: 2828

Merit: 1213

Call your grandparents and tell them you love them

Quote from: muarip on August 26, 2022, 11:58:40 PM

It's natural to see the increase or decrease of a coin that you have. If you have good knowledge maybe it will be very easy to make $100 a day but maybe more. so you should look for more in-depth knowledge about what you are playing right now.

100$ a day is pretty difficult to make on an average market day. Spot trading might yeild the worse results on a single day but it's long term effect is good, because of the cumulative profits. The futures trading is a gamble for a few days which can lead to short term huge gains but this is based on your luck and therefore not much skills to put in.

In depth knowledge is limited in this space. There are places where you can learn but most coins don't give out information that can help you with futures trading, because most of that is insider info and majority of projects are giving only smoke and mirrors.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: pieppiep on August 27, 2022, 03:19:06 AM

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

At least it seems your friends listened to you and were able to avoid losing money while trading futures, however there are a lot of newbies which come here asking about it and after they receive our answer they decide to not listen, they believe they are smarter than us and that somehow they can obtain profits with futures trading even when the majority of the traders are unable to do this, and when the inevitable happens and lose money they come to complain about it, forgetting we warned them and they decided to ignore us.

Cryptornd

jr. member

Activity: 98

Merit: 5

not ofcourse. you need time to educate about trading . so you can invest your money to projects which has minimum risk such as bitcoin and ethereum. and you can use paper trading platforms such as

thinkorswim
Pilot Trading
NinjaTrader.

GatotKaca

sr. member

Activity: 1372

Merit: 250

Seabet.io | Crypto-Casino

Quote from: Dollar_Hunter on August 27, 2022, 09:37:38 AM

Quote from: pieppiep on August 27, 2022, 03:19:06 AM

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

Futures trading can indeed give you a lot of profit but if you know that futures trading is very risky,
I have experienced it myself!, I lost $100 easily, and earned $100 easily, so it's better to avoid it and trade healthily in the spot market.

you experience it, as do many people who have tried trading futures. This is not something easy because our assets could be lost in a short time.
although it can make a quick profit, we will never know how we profit or lose. Futures trading is almost like gambling to me. I am more suitable for spot trading.

Dollar_Hunter

member

Activity: 1078

Merit: 21

COMBONetworkio

Quote from: pieppiep on August 27, 2022, 03:19:06 AM

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

Futures trading can indeed give you a lot of profit but if you know that futures trading is very risky,
I have experienced it myself!, I lost $100 easily, and earned $100 easily, so it's better to avoid it and trade healthily in the spot market.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Nyben on August 22, 2022, 09:53:13 PM

...Is it advisable as a new trader to engage in future trade?

Before using future trade, you need to master spot trading perfectly. And the result of such trading for you should be getting a stable profit. If you are still losing your money as a result of trading, then it is definitely too early for you to switch to futures trading, since the risks of such trading are much higher than on spot.

Awwal08

member

Activity: 798

Merit: 13

Is trading in futures a good idea for a beginner?
My personal opinion is that it is not advised for a beginner to get involved in futures trading because even professionals and specialists lose money on some of their trades. Before you get started, you as a beginner need to learn more about cryptocurrencies.
Knowing all of this, invest just what you can afford to lose because the future is far off.

pieppiep

hero member

Activity: 1596

Merit: 502

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

Topic: Is it advisable as a starter to engage in future trade? - page 3. (Read 961 times)