When I got the investment from the Elder, I felt excited. But the Elder and Aung Thu did not let me jump in carelessly. "Nyan Linn, don't try Futures trading yet. First practice on Binance Demo Trading for about 20 days," the Elder said. Aung Thu also encouraged me, "Brother, we are not rappers, so we need to understand the flow and rhymes first." I understood and appreciated their sense of responsibility.

But I didn't go straight to Demo Trading. First, I studied with AI help and YouTube tutorial videos. That's how I started learning 10 vocabulary words about Futures trading. I didn't know their meanings yet. Words like Long, Short, Leverage, Margin, Liquidation, Take Profit, Stop Loss, Cross Margin, Isolated Margin, Funding Rate – it felt like studying a completely new subject.

Among them, I focused more on 5 main words. I understood that Long means buying because you think the price will go up, and Short means selling because you think the price will go down. Leverage lets you trade a larger amount with a small amount of capital. Margin is like the money you put in. Take Profit (TP) and Stop Loss (SL) let you set your profit and loss in advance. During Spot trading, things were not this difficult. I felt like I was learning something completely new.

After studying with AI and YouTube videos, I started trying Demo Trading on Binance. The first two orders I placed just went in – I didn't even understand why. On the third order, it was different. From not understanding TP/SL and ROI, I slowly began to understand a little. While talking with AI, I realized that setting TP/SL for Long and Short is opposite. When you expect the price to go up (Long), you put TP higher than the current price and SL lower. When you expect the price to go down (Short), it's the opposite.

When I continued studying with AI, it said that for beginner traders, Isolated margin is better than Cross. So I had to cancel my first three orders. Isolated margin means you set a separate margin for each order you choose, while Cross uses all the money in your account as one common margin. Also, AI warned me not to trade with more than 20x leverage, even when practicing on Demo Trading. So within the first 10 days, I practiced with many different leverages and placed hundreds of orders.

While experimenting with trades, I learned two things about Leverage and TP/SL (ROI%). The higher the leverage, the larger the position size, and the higher the risk – I learned this from my own experience. During the second 10 days, while trying different orders, I found a trading style that suited me. I am the type who likes to stay on the safe side, so I chose low leverage (3x to 5x) and medium ROI (20% to 50%) for TP/SL. Even when playing soccer with my friends, I prefer to play from behind. So I believed this trading style would suit me.

Even though I had received an investment from the Elder, I knew I should not trade carelessly with other people's money. I had to be responsible. I also decided that going slow and steady at the beginning would be better. My trading style would only become aggressive when I trade with real money. But because I had often seen and heard on social media about people going crazy from trying to be special in Futures trading, a strong sense of caution stayed in my mind.

I learned that after finishing Demo Trading on Binance, I don't have to start real trading immediately – I can also try Copy trading. So after 20 days of practice, I decided not to try Futures trading by myself yet, but to learn more about Copy trading. In Chapter (9), I will continue to share about learning Copy trading and starting to try Futures trading.

Jack

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