Is it advisable as a starter to engage in future trade? - page 6.

Vaculin

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Quote from: Silberman on August 22, 2022, 10:42:25 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?

This is not something that I would advise to a new trader, while it is natural that people want to trade and earn money with their skill, futures trading is extremely difficult and the chances you will lose all your money is very high, so what to do? You need to start slow, if you want to trade then just spot trade for at least a year, and then once you have confirmed you have what it is necessary to become a good trader you could consider this question again, but even then I would think it would be too soon.

Never rush things to happen just because you see opportunities to make profits. Opportunities are everywhere, but it takes proper mindset and right timing to make it successful in the end. For now, focus on building your skills in trading, eventually you will become a better trader until you considered yourself a pro in it. That's when the time you start engaging in future trade as it will be easier for you if you are already prepared about it.

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Before you proceed to any trading strategies you just have to master the basics first.

Trading is not something like, I wanted to try this, that, and those, first you have to ask yourself, do I know what I am doing? If you are well experienced in trading then you shouldn't be asking it here but since you came and asked it here then you probably wondering what you are doing. Then I suggest that you should read and learn about the stuff that you want to do first, just do your own research because a lot of people are suffering already from losses due to carelessly trying without a common knowledge.

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As in the notification:

Quote

"Future trade can be very risky"

This means yes indeed Future Trading does provide a very high risk. Maybe you can indeed get faster and higher profits, but if you take the wrong step, the risk is losing your money very quickly.
If you are new to the world of crypto trading, I suggest that you stay away from Future Trading. You first get used to trading in the Spot market, while getting used to several things such as the use of Stop Loss, market analysis based on TA and FA, and learning more details about trading. Future trading can't be done instantly and expect a lot of profits right away. This requires a fairly complex analysis, experience, and also more knowledge. So if you are new and insist on doing futures trading without any preparation, it's the same as gambling.

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Quote from: Strongkored on August 23, 2022, 01:34:03 AM

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?

You've gotten enough advice on future trades hopefully this thread won't be made and abandoned. At least you should read and comment if anything is confusing or you don't think it's clear.
It's natural when the exchange warns that futures trades are risky especially for new traders who have very little knowledge of futures trades, don't try if you are still very knowledgeable it's better to try spot trades while continuing to learn a lot in trading.

Always start with the basic first. Just buy low and sell high because that will also bring good profits. Don’t rush into future trades because aside that it’s risky, it will not also going to work if you are not a pro in it. So take your time learning all the necessary knowledge and strategies and in due time, future trading will come easy for you.

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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?

Learn first and gain knowledge and develop your own skills and strategies first before you engage in real trading. Trading is good and profitable if you are always capable to take the risk and manage the pressures. Otherwise, you will only waste your money and effort in trading and still lose everything in the end.

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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?

Our end goal here is still to trade with profits, and for beginners I think it’s hard to achieve profits if you are not good in trading preparation and developing your own knowledge and skills. You must also gain experiences first so you will have an idea on the real scenario of trading, and develop your own strategies in trading so you will have more chances to succeed, and not only to trade and then you’ll lose after.

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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?

In my opinion it's not advisable, like check this out, it's like getting admission into school and immediately starting with writing of exams before starting lectures to the supposed exam questions.

Give yourself some time to learning and acquiring the basic knowledge to start trading. Else you will blow your financial life before your very eyes just within a twinkle of an eye.

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

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

No! Don't ever go any close to it. It's as risky as that warning on the site sounds. The offer and lure of shorting it may seem tempting when you think of what profit could be made instead of sitting on your hands but don't take it. You will get burnt. There's a reason that caveat is there once you go to that Futures tab. It's so no trader would say they weren't warned ahead of time. Stick to Spot trading for starters and then gradually learn futures trading. If it's something you will want to go in, you will find out with time. It's not something anyone will jump into.

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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?

That warning alone would really be already be enough for you to say that this isnt something that should a newbie would try out.Future trading can really be very risky and if you dont know on what you are doing then its better to avoid this as much as you can or when you are completely a noob when it comes to trading because you cant really be able to bare up on what future trading is.
Better start with spot and make yourself do able to master or make yourself aware on how this market works.If you do see that you are already sustainable on this part then
this is the time you might consider on having to test that futures or leverage trading but of course it wont guarantee that you would succeed.

Franctoshi

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

I will see a notification reading "Future trade can be very risky".

Exactly as they told you, not only that it's risky it can send you to square zero lolz ,if you don't know anything about trading (newbie).

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

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

Actually not gonna advise you to do so ,Best thing I suggest you should do for yourself right now, If really you want to engage in future trading is to go spend that time to learn and practice trading with Demo account ,develope a trading strategy that works for you and practice it over and over again until you start seeing good results before you should start thinking of trading with real money, hence I'm 99% sure that you gonna loose that money if you're trading with zero knowledge.

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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 then try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable for a new trader to engage in future trade?

As a beginner, it would be really risky to try futures. I was one of the hardheaded beginners before thinking that I can do future trading successfully for the first time but I ended up losing a lot. It's only for experienced traders. You can still do it but you need time to study and do research about it. As a newbie, it's normal to feel curious about the opportunities that crypto could offer but you should also have the eagerness to learn and take easy steps for you to do things the right way.

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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?

Not yet.
That exchange already gave you a warning and that's for real. It's risky not just for the newbies but also for the experience ones. But at least those experienced traders, know that liquidation can come quickly and that's going to take away their money very quickly.
I am not stopping you as a newbie but if you are insisting and eager to learn, expect too many losses before you actually learn the thing.

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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.

Issa56

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I think you shouldn’t try that as a newbie, we all know future trading is very profitable but the risk is really high compare to sport trading, in Cryptocurrency if you are looking for fast money or easy money you might endup getting scammed. in future trading you can easily get liquidated and all your funds are gone, but in spot trading if you are trading a reputable coin like bitcoin in sport trading if bitcoin price drop, the amount of bitcoin you are holding still remains the same, only the price that drop and if you can hold then definitely the price will bounce back, but if you are in future trading immediately bitcoin gets to your liquidation price automatically you get liquidated and all your money is gone. I think it's better you just stick to spot trading.

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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?

Nope. There’s a reason why there’s warning prompting when you are browsing it because you have a high chance to lose on that type of trading if you don’t know how trading really works. Even professional traders still losing on that type of trading due to abnormal volatile market. It’s better to stay away on it and only research about it once you know how to manage your risk because exchange is offering high leverage trading even if the account is from newbie.

Stay away!

palle11

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Trading generally is not a quick money spinal as most people will think which make them to want trading as a means of earning quick money, it is not that way because even experienced traders do lose money. I will advise any person not to rush into trading both futures or spot. Always don't trade with money that is not yours because you may go into debts when you lose it. And you need to do a demo practice or start very small.

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

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

Try trading on the spot market with increasingly shortened timeframes to slowly train your emotions, say from weekly to daily trading over the next few months. And of course you have to do a candlestick analysis as well as the basis for the decision of each of your entries (not random entries that rely on luck). Then evaluate your trading results.
If you think with that result you are ready with futures, then do it with small cap first and the lowest leverage.

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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?

I will not suggest to get involve in the futures, that is too risky for every beginner because you can lose money instantly. If you are just learning how to trade, 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. Trading is not easy at all, it may take a lot of time before you understand it but don’t give up because trading is very rewarding as well.

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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 doubt this is the right place to be. I really appreciate the response I got here. With the response so far, I need to learn and be good enough before engaging in future trade.

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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?

You've gotten enough advice on future trades hopefully this thread won't be made and abandoned. At least you should read and comment if anything is confusing or you don't think it's clear.
It's natural when the exchange warns that futures trades are risky especially for new traders who have very little knowledge of futures trades, don't try if you are still very knowledgeable it's better to try spot trades while continuing to learn a lot in trading.

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