Topic: trading futures on binance exchange? (Read 136 times)
I definitely agree with that. Please take your time and make sure to study spot trading. It may look easy but it actually isn't. There are also lots of things that need to be learned about it and yes, there are ways on how you can be good at it. Always be careful with your transactions and know how crypto and binance works. You will appreciate it more once you learn it further.
Initiating futures trading must be well managed. Fund management, psychology management and use Leverage wisely. don't be too greedy. Better to use a small amount of funds first to trade on Binance Futures and use the smallest leverage that is 5x and then do it over and over again until you get a stable profit.
Futures trading is very risky for liquidation, so use leverage wisely and analyze where prices are going.
Learning technical analysis to read charts and candles is needed so that you can read where the market is going. The last one is a psychological problem. Even if he is a professional, if his psychology cannot be regulated, then his strategy will be destroyed. Make sure your psychology is good and don't be too greedy.
Futures trading is very risky for liquidation, so use leverage wisely and analyze where prices are going.
Learning technical analysis to read charts and candles is needed so that you can read where the market is going. The last one is a psychological problem. Even if he is a professional, if his psychology cannot be regulated, then his strategy will be destroyed. Make sure your psychology is good and don't be too greedy.
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In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading
can share advice and experience?
can share advice and experience?
Not giving my advice because I'm more profitable but here are some tips that have worked for me. There's no different fundamental in trading whether your future trading or spot trading. What's just different is the trading size you're using therefore you need to go work on your trading skills. You're losing because you're not doing something right. Since I can't say what that is unless you review what strategy you using the. I'll advice you stay off trading at the moment.
Besides this is a bull run and what's best for now is holding your coins and take profit when you feel the market has reached its peaked instead of actively trying to outsmart the market. The volatility of the market this period is at its peak and the market dominance of bitcoin is evidenced.
Leave trading and go with investing and for long term. You'll be putting yourself in a better position of profiting with this strategy instead of stressing yourself trading and you don't have the necessary skills yet to outsmart the market.
Inaddition to others advice, cryptocurrency future trading is so risky but your trading knowledge and the coins you choose to trade play an enormous role in your trading result (either gain or lost).
Nevertheless, Binance also provide inexperienced traders some required information to be a good trader on the Binance Academy site.
Nevertheless, Binance also provide inexperienced traders some required information to be a good trader on the Binance Academy site.
Based on your story, I believe you are really new to trading and don't know how to trading also with due diligence/research before buying crypto. Also, you are trading with future instances with spots.
Man, if you don't really know about trading, TA, and other things please educate yourself only on trading on the spot first than future. Yes, we know in futures you have more balance to be trade & more profit but remember you can lose all of your assets when miss predicted. In spot trading, even you are on lose situation you still can control all of your assets and not gonna lose 100% of your assets.
I suggest to you, better to trading on spot instance futures because from your thread can know you are not really good at all.
Man, if you don't really know about trading, TA, and other things please educate yourself only on trading on the spot first than future. Yes, we know in futures you have more balance to be trade & more profit but remember you can lose all of your assets when miss predicted. In spot trading, even you are on lose situation you still can control all of your assets and not gonna lose 100% of your assets.
I suggest to you, better to trading on spot instance futures because from your thread can know you are not really good at all.
For newbies I don't recommend it since it's really complicated they might not know what they are doing also futures on Binance was more likely a gambling rather than the real trading, it's impossible not to have a defeat on that but you can ask your friends to study how to read the market (Technical analysis) this could really help you to gain profit in futures.
anyone here who might be more proficient in trading can share advice and experience?
Aside for everyone else's advice. Lean some technical analysis. T.A is the most important fundamental skills that you need to become proficient trader in the long run and this will allow you to reduce the risk of every trade you make regardless of what type of market you are using whether it is Futures, Spot, Stocks and what not.T.A will allow you to have a definite trading plan that includes your entry and exit point as well as defining your stop loss. This way, you won't be trading blindy. More importantly, many traders forgot how important risk management is when it comes to their trading journey. This is the reason why many players instantly loses their money after a few trades without getting a chance to re-enter the market.
On a side note, perhaps you can also try binance testnet to practice the mechanics of any market just so to get you feet wet.
[1] https://youtube.com/c/c0tt0nc4ndyTA - This covers most of the trading fundamentals you need to learn.
I'm not trading futures in Binance but I've seen people who do often and making money from it. The suggestion that I've read from them is that you need to be at least able to read the charts.
Your losses today are the experience you need to accelerate your futures trading to become better in the future. It's not the end if you're losing today, it's just the start and you'll learn from it. That's also what they've said for those asking them for starters.
Your losses today are the experience you need to accelerate your futures trading to become better in the future. It's not the end if you're losing today, it's just the start and you'll learn from it. That's also what they've said for those asking them for starters.
In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading can share advice and experience?
"Can anyone tell me how to print money?"
You're paying tuition. That's what happens when you trade first and learn how to trade second.
I'm not going to lie, most people are not cut out for trading. It takes extreme patience and rigor, and it will probably take years before you are able to really master any trading strategies.
If you really think you have what it takes though, I would start here: https://www.investopedia.com/articles/trading/09/risk-management.asp
Risk management is everything. Use stop losses religiously. Never enter a trade without a plan (entry, take profit, stop loss). Always employ an optimal risk vs. reward strategy: a good rule of thumb is 3 units reward for every 1 unit of risk. Much worse than that, and you are throwing away money on speculative trades.
This is a decent free course in beginner TA strategies. It covers all the basics: https://www.udemy.com/course/technical-analysis-fundamentals/
Good luck....
I am very happy with what my friends here all suggest and are willing to share their knowledge, maybe it's not just me who needs a strategy to be able to trade futures so that it can be even better, and of course many friends here who want to be able to benefit the maximum and can recover the losses that have been experienced, and of course will also be able to achieve benefits of course.
Don't worry, and you are not alone in the losses. I have experienced that too. I think almost everyone aspiring to be free financially is hoping that trading could make and break your life. I'm hoping it will eventually. I'm currently running an experiment for over 32 Days now, and the results are incredible. If you want to see my full documentation with Binance GUI screenshots, you could check it in my thread linked below.
https://bitcointalksearch.org/topic/automated-trading-challenge-start-with-2000-200-usdt-gain-5275774
This is not to shill or anything, but I'm happy with the results that I have gotten. I would need more time to make it up to a year and see the results then. As long as I'm taking minimal risk positions, I think the funds would be safe.
https://bitcointalksearch.org/topic/automated-trading-challenge-start-with-2000-200-usdt-gain-5275774
This is not to shill or anything, but I'm happy with the results that I have gotten. I would need more time to make it up to a year and see the results then. As long as I'm taking minimal risk positions, I think the funds would be safe.
My advice? Avoid it. Futures trading is really risky imo, and you could honestly accumulate huge losses before you even understand a bit of what's actually happened and why you lost so much. Well you can always start small, best tip is to know your entry and exit points, as well as stop loss. Especially stop loss, so you might want to start with proper finance management before anything else so you don't end up losing everything all of a sudden without knowing what happened. There isn't any tip or skill or whatnot that could let you always profit in futures, heck, it should be the other way around tbh. Always expect to lose whenever you're doing futures.
In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading can share advice and experience?
For me apart from Binance exchange, I think trading futures generally is very risky and requires a lot of patience and understanding.
For me, my advice for you is to use low leverage and avoid being greedy.
Futures market or leveraged trading is extremely risk. I am avoiding it these days.
But if you want to jump in, I suggest you to use first lower leverage if you are newbie or just starting to learn trading.
Risk management is a must. You should calculate your position size for every trade you open, like maybe use 5-10% portfolio size for every trade position, always place a stop loss to avoid liquidation.
Losing in futures is common that's why placing a stop loss and having a price target is always important.
But if you want to jump in, I suggest you to use first lower leverage if you are newbie or just starting to learn trading.
Risk management is a must. You should calculate your position size for every trade you open, like maybe use 5-10% portfolio size for every trade position, always place a stop loss to avoid liquidation.
Losing in futures is common that's why placing a stop loss and having a price target is always important.
He needs to use smaller funds first in order to get the tricks how to play with trading futures. It is not an overnight skill that you can get here. If you are not ready, don't go big. You need to train yourself first on how things are moving in this market.
Experienced is the best teacher for us not to fall in the next time and we must be careful about it.
I guess you are not yet ready for trading, push your self to learn more about technical analysis and different strategies to use in trading. Having a stop-loss is very important when to have an exit point if you have going to lose. And I agree on above of me, don't use high leverage in trading, lower this as long as you can to avoid high risk which is lead you to a massive loss.
I guess you are not yet ready for trading, push your self to learn more about technical analysis and different strategies to use in trading. Having a stop-loss is very important when to have an exit point if you have going to lose. And I agree on above of me, don't use high leverage in trading, lower this as long as you can to avoid high risk which is lead you to a massive loss.
Futures market or leveraged trading is extremely risk. I am avoiding it these days.
But if you want to jump in, I suggest you to use first lower leverage if you are newbie or just starting to learn trading.
Risk management is a must. You should calculate your position size for every trade you open, like maybe use 5-10% portfolio size for every trade position, always place a stop loss to avoid liquidation.
Losing in futures is common that's why placing a stop loss and having a price target is always important.
But if you want to jump in, I suggest you to use first lower leverage if you are newbie or just starting to learn trading.
Risk management is a must. You should calculate your position size for every trade you open, like maybe use 5-10% portfolio size for every trade position, always place a stop loss to avoid liquidation.
Losing in futures is common that's why placing a stop loss and having a price target is always important.
In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading can share advice and experience?
Do you really understand how futures works? Because if not then expect to lose more money. I suggest to stay on spot trading for a while and keep learning how futures works because we all have strategies and futures are more risky for a newbie. Losing is very normal but losing all your capital is not normal, something is wrong with your strategy, its time for you to review it. 
With each loss you make, it should be a lesson learned. Every trader makes losses especially when it comes to trading futures. it's a high risk kind of trading so expect losses at one point. What is important is how you manage the risk
Are your stop losses realistic?
Is the leverage you are using not too high?
These are the kinds of questions you should be asking yourself
- Too much greed is not good especially with futures trading, the price will always swing back and forth
- Know your target (entry and exit points)
- You can use Technical analysis to guide you but don't rely on it 100%
- Keep emotions out of trading. Once you have made a loss, get yourself up, sober up and make another trading decision when you are thinking straight but not when you are emotionally driven. Same applies if you make a profit, don't make trading decisions just out of excitement
Are your stop losses realistic?
Is the leverage you are using not too high?
These are the kinds of questions you should be asking yourself
- Too much greed is not good especially with futures trading, the price will always swing back and forth
- Know your target (entry and exit points)
- You can use Technical analysis to guide you but don't rely on it 100%
- Keep emotions out of trading. Once you have made a loss, get yourself up, sober up and make another trading decision when you are thinking straight but not when you are emotionally driven. Same applies if you make a profit, don't make trading decisions just out of excitement
In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading can share advice and experience?
I do not want to suggest you any types of tools or bots what others peoples suggest. Actually i am not sure about any bots or tools. I think we just need to be more focused, relaxed and believe in our self. In futures trading all depend on marker situation. That is why try to understand the market situation. Firstly know the time means which times you see that the bitcoin price changes fastly or more in a day. And make that time for your trading. Its a secret method what i used for short time a day. I just trade that time and i see that the price trying to goes down the selling pressure is high and i choose short. If i see price goes high then i choose long. Actually its my strategy remember its not a long term user-friendly strategy actually i am in learning stage i am Learning about trading and i made this strategy for me and i use this strategy for 30-40 minit a day. Because i joined a course. Lets see what i can do after full course. Hope for the best for me, you and all traders.
In futures trading on the Binance market, several times I have experienced losses in futures trading that I did, do friends here have any suggestions and ways for me and maybe other friends to be able to trade 'even better & not often experience defeat, anyone here who might be more proficient in trading can share advice and experience?
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