If you want to start trading futures effectively, the first thing you should do is understand each of the features displayed on this screen. Each of these elements is important, and we must know them. Take some time to review your screen and understand what you are looking at.
You can change the margin mode between cross and isolated. The difference is that in Cross you risk all your money, and in isolated you only have at risk the amount you decide. Although I recommend working in isolated mode, I personally use the Cross mode more for convenience and because I always use a Stop Loss to avoid large losses.
There are different types of orders, by tapping on this option a list will open, and you will have a small tutorial on how each of them works.
To start a trade, we must enter an amount in the box where it says "amount"; this can be an amount expressed in dollars, in the currency you are working with, or a percentage of your capital.
If you have any questions, I will answer them. I hope this introduction helps you start in futures. I will later explain other elements so you know how to enter with little money and avoid losing everything.
Leverage is one of the most important elements, especially for those who wish to start in futures with little capital. When you use a leverage rate, you are effectively asking Binance to lend you money for the operation, multiplying the money you are starting with by the amount of leverage. This means that if you use a leverage of X50, for every dollar you use to enter, the system takes it as if you entered with 50. You won't have these 50 dollars, but the ROI (Return on Investment) will be calculated based on 50 dollars.
Therefore, when you use one dollar leveraged X50, you are generating profits as if you had 50 dollars, and at the same time, your losses will be magnified X50 (not everything could be beautiful).
Generally, the minimum to start in futures would be almost 6 dollars, so how do we start with one dollar? With a high leverage that could be X30 to reduce your risk a bit, enter only with 20% of your dollar, which is 0.20; this will also allow you to have a fairly high liquidation price.
The liquidation price indicates that if the symbol reaches that price, you will lose all your money.
Leave your questions and doubts, and I will answer you. Soon you will be living as a profitable and successful trader.
You don't have to close anything. I'm telling you to keep a low margin, considering that this might happen, BTC is dropping right now and your margin can easily reach 50%, patience
Luciernaga
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How is my margin at -35%, I have 3 operations Pol, Aevo and IMX, if I close them I lose all my capital
Hahaha, you didn't let me down. Remember, trading may seem very simple, but it's a journey of self-discovery and self-knowledge. Emotional control is what will take you far here
FERIZABETH KIDO GOTHEL
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professor... I let you down :( Can you forgive me? I won't do it again:D
Recapping, these were my three most epic phrases during yesterday's live:
1. Give it all to POL because tomorrow it will be at 0.25
2. Stop looking at those nonsense margin things, enter with 75% of your capital and wake up a millionaire tomorrow
3. Tonight is the fulfillment of the prophecy and we're all going to jump from $1 to $1000 with just one trade
Do you remember those moments? I don't, but while you weren't sleeping, watching everything go down the drain, my 16 trades remain standing. $METIS y $STX waking up. $GRT making profits. I didn't wake up a millionaire, but my money is still there, holding strong, and I'm confident that those following the instructions will see sustained growth in their investments.
It would be difficult to say that a group in which people from Peru, Chile, Mexico, Cuba, Venezuela, Nicaragua, Bolivia, Ecuador, Paraguay, Uruguay, and Argentina coincide is xenophobic
In the community we are not misogynistic, in the space both men and women have their place, they are respected and given a voice. The term you're looking for is xenophobic?
Anyone here can tell you that I don't agree with dictatorships and I can't stand dictatorial behaviors in my environment. So once again, I apologize if that happened
Square-Creator-463130ab4
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why did you mute me in the live just for saying I was liquidated, now you post that you were too. Karma
Hello! I don't silence anyone unless they spam too frequently, if that happened I'm very sorry but it wasn't intentional. My payout isn't a secret, I've said so since it happened
Square-Creator-463130ab4
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why did you mute me in the live just for saying I was liquidated, now you post that you were too. Karma