Why Beginners Should Not Go For Future Trading? - page 4.

Rigon

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Quote from: Krislaw on March 13, 2023, 01:53:55 PM

This is not only beginners problem, expert traders also get liquidated.
One can lose money in both futures and spot trading. Only tools needs is discipline to an higher extent and not allowing greed take over ones mind.

Future trading is a problem for newbies but even experienced people have to face losses here sometimes. I regularly stay on futures trading platforms. Even though I am here all the time I have to be in loss many times just because of greed. In the first case I have profit here but wait for more profit and later I have to take big loss. I am currently in loss on futures trading platform I gave a real picture of it.

Issa56

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Quote from: darewaller on March 15, 2023, 04:29:49 PM

He will end up losing all of his money, that is if he put it all but what if he only started with tiny amounts?

Even if you put in little amount, you might still be liquidated, if you trade with little amount, incase if you lose it won't really affect you, but if you trade with all your money and you lose, you might go crazy at that moment. One of the way you can reduce losing money in future trading is using low leverage, the higher your leverage, the higher your profits and the higher your chances of losing money, and the lower your leverage, the lover your profit and the lower your chances of losing money.

Also we should learn to use stop loss, actually whenever am trading I don't use it, but I do recommend people to use it to be at a saver side, incase if a trade is going against you, stop loss will help you cut down your loss in the trade. It's better to lose 10% in a trade than losing 80% in a trade, so stop loss is also useful.

Yamifoud

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Many discussion threads about this talk about that Future trading is too risky for beginners and so it was recommended to take the spot trading option first.
Well, the main thing is that Future trading is a higher level of trading that absolutely required a high level of trading knowledge and skill which a newbie doesn't have the capability to do it. In fact, even spot trading is quite easy because we can lose our money if we don't know how to trade. So instead of jumping on Future trading, we better have to gain some experience in spot trading just to prepare ourselves. We can go there once we are fully ready.

adaseb

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The reason why is simple. Because they are inexperienced and they will blow their account much quicker than trading the normal spot way. Its not only in crypto where this is happening.

Many stock traders made good money basically buying and selling stocks. Then they started to trade options and they completely blew up their accounts. Leverage is very bad for many traders. Hence why we got many countries that are trying to make crypto trading only spot and not allowing any margin or futures what so ever.

darewaller

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Quote from: Issa56 on March 15, 2023, 08:22:11 AM

As a beginner, you should just start with spot trading, if you want to jump into future trading, then you might endup losing all your money, beginnings are just after the high profits that's in future trading and most of them are been brainwashed, they don't think about the risk, if you join cryptocurrency because you are looking for fast money, then you might endup losing all your money.

When I started trading, i started trading on spot, then later I discovered future, I tried it and I noticed I was making enough money, I sold all the coins I bought on spot trading and I moved all my money to future trading, I started trading on futures and I was using high laverage, the funniest part is that I lost all the money which I started trading with, then I discovered that future trading wasn't for me and I quited.

He will end up losing all of his money, that is if he put it all but what if he only started with tiny amounts? Losing this won't be hard to accept plus he can learn and continue to improve his trades up to the point that he will master it and that would be the time for him to increase the amount that he is using.

I don't think all beginners are only in for the money but some of them are only curious on how it works and how it's done. They think it's cool if they can learn it due to its difficulty. In your case, futures trading might be for you because you managed to earn a decent income before. Your only mistake is you got greedy and that is why you lose a huge amount.

el kaka22

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Everyone talked about how risky it is but nobody said why as far as I can see. The whole "if you are wrong even just a bit then you will lose it all" is not the real response, of course that is what happens, but why you could be just a little wrong is the key here.

Newbies do not know how likely it is that they would be wrong and lose their money, they know that it is risky, and they know that they have to be right or they will lose it all, but they do not know what the chances of them being wrong is. The chance of you being wrong if you are a newbie and make a wrong bet is over 90%, that is not just made up number, that is the real results of all accounts under 6 months old at bitmex back when they started, so if you are new, don't.

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Quote from: BD Crypto on March 15, 2023, 10:30:01 AM

Quote from: Issa56 on March 15, 2023, 08:22:11 AM

When I started trading, i started trading on spot, then later I discovered future, I tried it and I noticed I was making enough money, I sold all the coins I bought on spot trading and I moved all my money to future trading, I started trading on futures and I was using high laverage, the funniest part is that I lost all the money which I started trading with, then I discovered that future trading wasn't for me and I quited.

Damn Bro! Your story and my story are similar

I also used to do future trading and buy high leveraged tokens. But at a certain time I feel that I need to be more experienced to do future trading to get success. That's why I am still learning and trying to advise newcomers so that they don't lose their hard-earned money by doing faults.

I've tried doing futures twice because of curiosity. I was just curious why others say that it isn't for everyone. I also lost twice and realized that it really needs a lot of time to do it the right way. It will be better to focus on spot trading first especially when we are just beginning and have it as a training ground before stepping into future trading. It needs time to adopt strategies on how to do futures because doing it without enough knowledge has a big risk of losing.

BD Crypto

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Quote from: Issa56 on March 15, 2023, 08:22:11 AM

When I started trading, i started trading on spot, then later I discovered future, I tried it and I noticed I was making enough money, I sold all the coins I bought on spot trading and I moved all my money to future trading, I started trading on futures and I was using high laverage, the funniest part is that I lost all the money which I started trading with, then I discovered that future trading wasn't for me and I quited.

Damn Bro! Your story and my story are similar

I also used to do future trading and buy high leveraged tokens. But at a certain time I feels that I need to be more experienced to do future trading to get success. That's why I am still learning and trying to advise newcomers so that they don't lose their hard earned money by doing faults.

palle11

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There is a reason that demo account are available for traders. This is regarding as practice account where traders can learn and practice more on the things they have been reading about trade and improve on the skills acquired. A trader that has gone through this is already having an idea on what to do with the real market. Apart from emotions of trading with real money and the fear of losing it, a beginner is facing what he or she has been practicing already. However, trading the real market is involving your emotion, you need a lower leverage in every trade not only in futures.

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Quote from: BD Crypto on March 13, 2023, 03:43:18 AM

Also Experts are welcome to advise new users about Best trading Strategies.

Spot, Futures, Margin, as well as other types of crypto trading, all crypto trading has risks, even beginners, Legendaries or experts are no exception and investors.
for that every community who wants to get involved in both crypto trading must study well from all aspects, the market, analysis, charts, volume and so on.

Only one that is low risk has ever been done by beginners with high levels of success in the crypto market, although there is also risk, loss, but the percentage has a high value there, what I mean is 'crypto investment' for beginners, for me instead of doing Demon trading for beginners, it's good if they want to do in terms of investment, with real money, future opportunities are most likely and good, it's all with a reason, crypto in the future is better and more promising. That is if they understand and believe in Bitcoin/crypto in the future.

Issa56

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As a beginner, you should just start with spot trading, if you want to jump into future trading, then you might endup losing all your money, beginnings are just after the high profits that's in future trading and most of them are been brainwashed, they don't think about the risk, if you join cryptocurrency because you are looking for fast money, then you might endup losing all your money.

When I started trading, i started trading on spot, then later I discovered future, I tried it and I noticed I was making enough money, I sold all the coins I bought on spot trading and I moved all my money to future trading, I started trading on futures and I was using high laverage, the funniest part is that I lost all the money which I started trading with, then I discovered that future trading wasn't for me and I quited.

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Quote from: AakZaki on March 14, 2023, 08:22:19 PM

Using demo trading is recommended for beginners so they can learn how to trade Futures and what strategies to do. Futures trading is not as easy as a beginner might think, just guess and then earn big profits. Futures trading is very high risk compared to spot trading. All will be lost when predictions are wrong and liquidated. Using leverage wisely will be crucial, don't use too high leverage if you're not sure what to trade. Spot trading seems to be safer for beginners to start learning the early stages of trading and developing trading strategies. Don't force yourself to trade futures.

Sure, I recommend beginners to demo or practice directly through spot trading. Futures trading will make you suffer more, from spot trading. Futures trading is a further development of spot trading. So you should be easier if you have mastered spot trading to futures trading. Even though in the end it was the comfort I was looking for and maybe the OP could also try and know the risks so as to determine the choice he considered most profitable. Although all can be trained sometimes discomfort will make him choose spot trading (like me).

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Demo fund not Demon fund Grin

Beginners shouldn't try futures trading because they are inexperienced and can analyze the market because if the market reverses direction suddenly, they will be confused about handling it.

But if they have enough skills, they can try future trading to see how good their analysis skills and techniques are. Maybe demo trading is good for them to use as a way of learning, but they still have to study well to improve their trading skills.

FahriZah

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Actually You Put Here A Best Question Because We Know Trading Not For Everyone And Who Involved With Crypto Currency They Try To Learn Spot Trading Any Platform At The Begin Time And Always Beware Future Trading Because Beginner Not Risk Taker.

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That's not how I managed to not lose too much money when I was a beginner. I was simply taking the safest route, spot trading it is. But, there must be discipline here and lots of sleepless nights will happen. Coffee too.
I stick with only one coin to trade so I can focus, and learn the movements, candles, and TA. Months of just watching it grow and reaping the rewards when it was time.
I think it's not because of being pro or what. Keeping discipline will be the key to profits and a part of it is being a newbie every day. Learning more and not letting it inside your head that you are a pro.

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Quote from: LastKiss on March 14, 2023, 10:03:06 PM

Quote from: BD Crypto on March 13, 2023, 03:43:18 AM

~snip~
Also Experts are welcome to advise new users about Best trading Strategies.

If that beginner is able to do technical analysis and other analysis then they can try to go future trading, lower the leverage and try with a small amount don't be impatience by using all funds you have, spot trading is safer but the risk is always worth to try. Even many experts said that Bitcoin will go lower when Bitcoin touch $20k a few days ago but now it rebound to 24k-25k$, so even with the experience we won't know what will happen to crypto.

If a trader already has technical analysis skills, I can say he is no longer a beginner because being able to have that knowledge certainly takes time, as well as trading activities of any kind and also using any account, be it a real account or a demo account. Futures trading is perfect for traders who like risk or risk takers.
But I agree the market is always going to be unpredictable they can even change really fast like the last few hours and I think that's quite surprising because before it looked so hard to break $25,000 but it worked but it came back down so it's very difficult to predict.

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Quote from: BD Crypto on March 13, 2023, 03:43:18 AM

~snip~
Also Experts are welcome to advise new users about Best trading Strategies.

If that beginner is able to do technical analysis and other analysis then they can try to go future trading, lower the leverage and try with a small amount don't be impatience by using all funds you have, spot trading is safer but the risk is always worth to try. Even many experts said that Bitcoin will go lower when Bitcoin touch $20k a few days ago but now it rebound to 24k-25k$, so even with the experience we won't know what will happen to crypto.

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Using demo trading is recommended for beginners so they can learn how to trade Futures and what strategies to do. Futures trading is not as easy as a beginner might think, just guess and then earn big profits. Futures trading is very high risk compared to spot trading. All will be lost when predictions are wrong and liquidated. Using leverage wisely will be crucial, don't use too high leverage if you're not sure what to trade. Spot trading seems to be safer for beginners to start learning the early stages of trading and developing trading strategies. Don't force yourself to trade futures.

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futures trading are certainly more difficult than the conventional spot trading, it indeed could give massive profit at short time but also requires massive commitment and the fact that it may risk all your money is enough reason any newbie should get away from future trading, i'd say spot trading still best way to go you could literally just hold if the value turns out not what you've expected but with future trading forget that.
i'd say future trading is only for those committed and knows well about technical analysis, if you seem to be lacking just try out the demos, but usually even the demos doesn't really illustrate the real scenario of future trading, sticking with conventional spot trading with lower leverage makes more sense at that point for most of newbies.

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Quote from: GreatArkansas on March 14, 2023, 06:38:03 PM

Quote from: BD Crypto on March 13, 2023, 03:43:18 AM

Edit: Trading beginners can practice future trading with Demon funds. There are some exchange available where you can trade with demo assets. That will help you to build a good experience in future trading.

Correction: Demo not Demo.
I agree with this, those people who want to practice without using real money, they can use some demo platforms of exchanges or what common term is testnet.
There are some popular exchanges who got testnet platforms where you can trade using not real money.
For example, are
Bybit: https://testnet.bybit.com/en-US/
Bitmex: https://testnet.bitmex.com/

I highly recommend this when it comes to training up yourself when it comes to charting and other terms which it would really be that important to familiarize everything because putting up yourself on live action will really just be a suicide.Its good to make yourself get a good hold on your position and make yourself that profitable but despite of those advantage of Demo trading is that you do miss out some part
which is that in talks about emotional aspect.

You would be able to determine the difference when you do make trades on demo trading compared on live trading using up your real money.Emotions would kick in because
you would really be that afraid on losing and this is where positioning yourself would be that challenging.

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