Is it advisable as a starter to engage in future trade? - page 5.

bhooscream

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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?

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.

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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?

Not advisable for newbie to do future trades since it will be risky for you if market is in bad condition and your money slowly melting for sure you get crazy about that and get liquidated. Just try to familiarize things on spot and stay there for quite while for sure you provably learn a lot of things there.

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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?

It was to find out that most exchanges are encouraging trading to take Futures Trading and make more gains from them. I'd see a lot of advertisements talking about huge profits from it which is literally an eye-catcher to the greedy people. But I don't think this is really a good idea for the beginners just like you OP and you have to consider the high-risk meant for Futures Trading that makes it not advisable for the new traders. I'd say better take the Spot trading first and gain experience before stepping up.

Stable090

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If you are a beginner and you want to start trading and the only thing coming to your mind is future trading then you are getting it wrong, the risk in future trading is far more than what a beginner can control, I have been in future trading before but I was just losing money money everyday, later I discovered that future trading is not for people like me the little money left in my wallet I transferred it to my sport account then I started building my portfolio gradually. A beginner trading future is just risking his money, I will suggest beginners start with sport trading first.

livingfree

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Don't be so heated quickly.

Right time will come to you if you think that you've learned enough to do futures trading. If you're so excited and you want to learn about it, go and try it.

It won't be the best experience for your start because it's not an easy way of trading because the risk is like having more of it as you increase the margin.

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Quote from: so98nn on August 25, 2022, 01:37:22 PM

Definitely big no. In particular trading itself shall be taken cautiously by freshers because they start with whole new energy but put it into wrong way and end up loosing money. Just like you are having thought of futures trading is something strange. It’s not bad, it’s one of the prime way to trade and earn even higher profits but it’s highly risky and needs enormous experience to deal with. Better off with regular trading, then understanding your assets and then putting options and futures trade to earn big. This should be short roadmap you supposed to follow. It’s really thing of patience!

When you are just still a noob then you shouldnt really be considering yourself on touching up futures directly because it would definitely be a disaster once you do test yourself into this trading area which is never

been recommendable for noobs or to those who had just recently start on trading out.Dont make yourself get too hyped with those big gains that been shown off into the public or anywhere because you dont

know on how much money that those futures trader do able to lose up money until they do hit up those sweet spot.Actually its strategic but liquidation chance or odds is higher
compared when you do deal with spot.There's nothing can beat up on starting up with spots.

so98nn

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Definitely big no. In particular trading itself shall be taken cautiously by freshers because they start with whole new energy but put it into wrong way and end up loosing money. Just like you are having thought of futures trading is something strange. It’s not bad, it’s one of the prime way to trade and earn even higher profits but it’s highly risky and needs enormous experience to deal with. Better off with regular trading, then understanding your assets and then putting options and futures trade to earn big. This should be short roadmap you supposed to follow. It’s really thing of patience!

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as a beginner don't get too deep into trading. Beginners must know what is at the bottom first, so they understand how the rules of the game are. If they insist of course they will drown. Futures trading is a type of two-way trade that will give you a profit when you go long (up) or short (down). if you make a wrong prediction, you will certainly be liquidated and nothing will be left. My advice for beginners is better to do spot trading and learn the basics of trading, it will be better and lower risk.

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.

deathcode

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if a beginner wants to focus on trading I think it would be better to learn analysis and use spot trading tools. although all trades will still be risky, futures trading will be more painful for beginners who don't understand anything.
Many people may be showing off their futures trading results on social media. it makes beginners will be interested in trying it. but without good knowledge and skills, it will only cost us our money.

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Do not enter into futures trading because it will lose money if you do this of course it takes good skills to get started and it already has something to say about the risks.
For me beginners need to learn more and better spot trading will be much safer than futures trading, we know we don't know the technique then your money will be lost.

See advice from others do me what you can and I think spot trading is a place for beginners to trade.

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Even an expert trader won't recommend anyone to engage in futures trading. It is very risky and can be considered gambling if you do it without proper knowledge.

Futures trading can be very stressful for me because it frustrates you when your stop-loss gets hit or your portfolio gets liquidated. It's better to do spot trading where you just lose money if you sell at a loss.

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Quote from: Questat on August 25, 2022, 05:47:11 AM

Not a wise choice either. I couldn't recommend doing this, especially if you are just about to learn to trade. Absolutely, it was riskier that any form of trading. have yourself start in spot trading until you gain enough knowledge and more experience as these are tools that help you in Futures trading.

It is too difficult to make a profit if a live trading newcomer joins for future trading. I think future trading is one level above spot market trading. They must know technical and fundamental analysis to take a position. It is too risky if they want to trade the future right away.
Even I myself am not very interested in future trading. Because your money can be lost in an instant if you spot trade then you can simply hold back if you believe there will be a new high price.

Questat

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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".

It was a question of how it goes like that without having an option on what kind of trading you want. As in this case, the site itself urges you to choose futures trading, and nothing more.

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

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

Not a wise choice either. I couldn't recommend doing this, especially if you are just about to learn to trade. Absolutely, it was riskier that any form of trading. have yourself start in spot trading until you gain enough knowledge and more experience as these are tools that help you in Futures 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?

First of all future trading is the most risky type of trading. Now if you dont have any basic knowledge about that then much better to learn first the basics and engage on trial account. Its not easy to earn and not incurred loss on future trading. I myself always have losses there no matter how careful I am. Too many traders give up on pursuing on this cause they always lose in the process. Its not that its hard or what, but the market is very volatile that you might caught on whale plays and liquidated your funds.

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Quote from: Hamza2424 on August 24, 2022, 09:15:13 AM

No way dear Future trade is not for the beginners, no matter who much time you gave to learn all the tactics until you own a real time good experience in the spot trades you are fit into the future trades. That is the fact there is no profits before the Loss, Loss is gift that makes you strong for future and you learn & experience both in realtime

This is actually a costly way to learn things, you can avoid this one if you invested first on your knowledge since trading and futures are both risky, they can’t give you any guarantee so better to equip yourself first with the right knowledge. Futures is not for the beginners, its already for the pro and honestly even pro got liquidated in future simply because the market is really unpredictable so be careful, and stay focus on learning first.

Johnyz

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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 it’s not advisable and don’t listen to any hype about future since many are sharing their profit with regards to this but not the real story behind that. Futures is very risky, you have to setup your position properly or else you will lose the money, beginners don’t know this yet so I suggest no to do this. You can do future later once you already gain the knowledge about it, don’t rush yourself to do tradings without any proper knowledge especially with the indicators, great things take time and with this you need to be more patient.

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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 is highly advanced, and it's built for pro traders, so like the notification says, futures trading is highly risky, and most especially, for newbies who are just beginning their trading journey.

To me personally, it is absolutely not advisable to try trading futures when one have not mastered the act/skill of trading spots effectively.
Futures trading is highly profitable but also highly risky, one can make millions under an hour, but end up loosing it all under an hour as well.

ItsCrafty

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It is actuality that future trading is really hazardous because you will expect and imagine that the worth of selected coin will expand in coming days but if unfortunately the value become in dip and go down so it will be highly difficult for you to get rid of such a loss. Future trading is highly unstable there is no promise that it will go more up, and may be the market situations goes against you expectations, so it will cause loss. Newbies should start trading by selecting such a trustworthy coin which gave surplus in previous years to its traders.

Hamza2424

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No way dear Future trade is not for the beginners, no matter who much time you gave to learn all the tactics until you own a real time good experience in the spot trades you are fit into the future trades. That is the fact there is no profits before the Loss, Loss is gift that makes you strong for future and you learn & experience both in realtime

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Quote from: samcrypto on August 23, 2022, 05:56:17 AM

I suggest to trade long for now and it can help you become more profitable especially if you are still don’t know where to trade and how to trade properly.

If you are trading long and the market is full of the bears, that can result to bull trap, a trader can go for either long or short position, what is most important is that a trader should learn all want are important before using the amount of money they can afford to lose to trade. If learning, they should use far less than the amount of money they can afford to lose.

A trader can use 1x leverage and stop loss to continue to trade for a while to see if profitable or not. This morning alone, the market has favoured those that opened long and short position.

What matters is experience and being an expert.

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