Is it advisable as a starter to engage in future trade? - page 4.

muarip

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Quote from: junkerr on August 26, 2022, 09:53:00 PM

I'm not sure if futures trading is good for beginners. but I also tried it myself with a little knowledge. some times it is profitable, but more often loses.
I realized that futures trading can't be done just for luck. require more skill than those who trade spots.
for myself, a beginner is better off investing long-term.

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.

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I'm not sure if futures trading is good for beginners. but I also tried it myself with a little knowledge. some times it is profitable, but more often loses.
I realized that futures trading can't be done just for luck. require more skill than those who trade spots.
for myself, a beginner is better off investing long-term.

Hodoor

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If you don't know what futures are and have only heard of them by seeing them on your exchange app, then you shouldn't probably mess with them. Even experienced traders get rekt there.

So try to focus on the spot market for now, and gradually start messing with leverage as you gain experience (although not advisable)

Wawa2013

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Quote from: Bollexz1 on August 26, 2022, 04:34:02 PM

The question here is, how on earth would someone new to the crypto space be trying to jump-start with the bigger steps? I mean the ideology should be knowing the basics first before even trying to trade anything. I rather would advise someone like such to try long-term investment trading first.

We don't need to rush to take big steps to be able to generate big profits. In achieving success we need to be patient and move slowly, so for newbies
they should avoid futures trading. I'm sure if there is a newbie who thinks of trying futures trading, it seems that greed has taken over him. Maybe
because of seeing successful traders get rich from futures trading, so they interested in trying futures trading, although it is not easy to succeed
in futures trade. Because I believe for people who are successful in futures trading, that person must be experienced and have experienced a lot of
losses before. The conclusion is it is not recommended for newbies to try futures trading, it is the same as wasting money in vain. For newbies,
they should focus on improving their trading skills first, starting with spot trading. If we already feel how difficult it is in trading and succeed
in spot trading, then we can level up and try future trading.

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Quote from: Rufsilf on August 26, 2022, 04:22:37 PM

Quote from: AicecreaME on August 26, 2022, 09:03:45 AM

You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

But it was difficult for inexperienced traders like OP. It was just like taking suicide and throwing our money. Of course, all form of trading is risky, and losses are likely possible all the time but it was advantageous if we already have the knowledge and skills as these are the tool for us to succeed in this, otherwise, we ended up losing easily. And I think it was not acceptable on the part of the trader because that is not the thing we aim for but unfortunately, this is the result of choosing the wrong way.

Totally a suicide because we know on how risky futures trading is and it isnt something that a noob would able to handle it out even experienced ones thats why its never been that recommendable.

Start yourself on doing spots or those basic trades and try to make yourself that profitable on that one and this would really be a very long time.If you do get bored then you could really test out futures

but of course you shouldnt really make yourself that confident and minding that you could handle out futures without any hiccups because it would really be a totally opposite experience.

Some might be ending up profitable but most of the time where people do really being wrecked up with futures specially in above 10x which i could say that below 10x is
a bit on the safer side.

Bollexz1

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The question here is, how on earth would someone new to the crypto space be trying to jump-start with the bigger steps? I mean the ideology should be knowing the basics first before even trying to trade anything. I rather would advise someone like such to try long-term investment trading first.

Rufsilf

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Quote from: AicecreaME on August 26, 2022, 09:03:45 AM

You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

But it was difficult for inexperienced traders like OP. It was just like taking suicide and throwing our money. Of course, all form of trading is risky, and losses are likely possible all the time but it was advantageous if we already have the knowledge and skills as these are the tool for us to succeed in this, otherwise, we ended up losing easily. And I think it was not acceptable on the part of the trader because that is not the thing we aim for but unfortunately, this is the result of choosing the wrong way.

AicecreaME

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You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

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I guess the first is to make an investment with your knowledge know the fundamentals of the trading, make a knowledge investment like what are the different candle stick patterns and support, resistance next you can now make a technical analysis with the different pattern, with that knowledge you can do a paper trade with the commonly used the platform in trading which is the trading view there's a panel in the bottom part right there for trying your skills. Next is find a suitable exchange that support your futures trade like binance.

Natalim

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Not a good choice OP. I suggest for you take the basic trading rather than doing straight to a higher level of risk. It was best to make yourself well-prepared rather than make regrets. So many people say Future trading is not advisable for beginners, I think you have to listen to it.
Anyways, it was your choice and that is your money but something you need to think it twice. And I would say that don't underestimate trading and much more if you don't have experience in actualy trading.

Bhig Daddy

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To me I wouldn't advice you to engage in future trading yet, it better to start engaging in short term trading so you can gain much more trading experiences. Future trading is mostly requires alot of experience and time focus too so as a newbie all this will be new to you so just engage in short time trading for now.

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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?

Well, it's advisable but trade it at your own risk, no one will limit you to try it out. Just remember that for a newbie in futures trading you should try with a very minimal amount considering that it will burn you in an instant if you're not careful or doesn't even know the basics. But, if I were you try first spot trade then slow learning futures trade, that's the best course of action if you want to dip your feet on futures 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?

New traders are not advised to engage in futures trading, especially if they do not have enough experience in trading. If they keep pushing themselves to try future trades, they will have a hard time timing their entry because if they are even a little late, they could lose money. They should familiarize themselves with spot trading until they know when to enter the market so they will have no trouble trying future trades. But that's just a suggestion and the rest is up to them.

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Quote from: TheUltraElite on August 26, 2022, 04:06:44 AM

Quote from: coinerer on August 25, 2022, 01:20:02 PM

I agree with you and want to say if one is encouraged to do futures trading in the beginning then he is choosing the path of suicide in the beginning. Futures trading without knowledge is nothing but definite suicide. The volatility of cryptocurrencies is sometimes difficult to bear. But it is more serious in futures trade. Where newcomers are doomed to die.

Futures trading is risky and should be attempted by someone who is completely new to the market. There are many users who get washed away do not ever get up from their loss. This should not happen to every newbie.

Gradual learning of how spot trading works leads to better understanding of the market. Going for futures and other gambling types of trading means taking bigger risks.

Thing is that some newbies get influenced by many fake ideas promoted by shills promoting such types of trading.

So don't try for beginners to jump into futures trading because before that many users were just because they weren't ready for all the risks so they didn't get up again.
It is enough to trade on the spot after mastering the trade, then you can gradually and improve in futures competition, not jump right in, but feel how risky trading will kill people who don't know anything.
Beginners should still be advised on simple trading, namely spot, and beginners should learn a lot because futures trading requires a strong mentality.

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Quote from: coinerer on August 25, 2022, 01:20:02 PM

I agree with you and want to say if one is encouraged to do futures trading in the beginning then he is choosing the path of suicide in the beginning. Futures trading without knowledge is nothing but definite suicide. The volatility of cryptocurrencies is sometimes difficult to bear. But it is more serious in futures trade. Where newcomers are doomed to die.

Futures trading is risky and should be attempted by someone who is completely new to the market. There are many users who get washed away do not ever get up from their loss. This should not happen to every newbie.

Gradual learning of how spot trading works leads to better understanding of the market. Going for futures and other gambling types of trading means taking bigger risks.

Thing is that some newbies get influenced by many fake ideas promoted by shills promoting such types of trading.

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

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

I never advise beginners who are new to trading to trade futures because of the high risk. In fact, I wouldn't advise him to go straight into spot trading if he doesn't really understand how the market works and how to secure investment assets. Each of them must learn before actually trading because the risk they will take is real.

Since losses and gains are a consequence of trading activity, it is imperative that they know what causes them to occur. Trading futures is never really recommended if you don't understand how it works and so far I haven't tried it. Imo, spot trading is more recommended than future trading for any beginner who is new to trading.

DanWalker

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Definitely should not and never try even once.
Futures trading is neither for the novice nor for the masses. Participants in futures trading almost always lose many times more than those who profit from it. Don't think that it can give you high profits without knowing that leverage generates high profits but can make you big losses.

If you are interested in trading and wish to become a trader, start slowly with spot trading, try to hone your knowledge and experience long enough before deciding to try your hand at trading future.

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Quote from: bhooscream on August 25, 2022, 06:54:26 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?

Are you new to the crypto industry?
Please stay away from the Future Trading Market for now. At least, you must learn at first very well to be good in future trading. Because future trading has a higher risk than in the spot market. You may see some people become rich because of futures trading, but you may also see many people lost in future trading. This is like gambling if you have no knowledge and analysis in future trading. Don't risk your money into it.

It seems that the OP is new to the crypto world, so he is confused when it comes to trading to find future trading options on the exchange.
Luckily he asked in this forum first, so he was able to get a lot of explanations and opinions about futures trading. If the OP immediately ventures
into future trading and ignores the notification on the exchange, it is certain that he will lose all his capital. Because after all futures trading is
very risky, especially for people who are inexperienced in the trading world, don't ever dare to try futures trading.

It's better to improve our trading skills on spot trading first, after we can make a profit. Slowly we can learn future trading and can try it with
small capital first. But I who have been trading for several years in the crypto world feel more comfortable with spot trading until now,
so I'm not interested in futures trading. Even though futures trading can give us the opportunity to make very large profits, the risk of us losing
money is also much greater.

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Quote from: goinmerry on August 25, 2022, 06:56:57 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?

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.

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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?

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.

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