Futures contracts are one of the most important trading tools in financial markets, especially in cryptocurrencies. They are an agreement between two parties to buy or sell a specific asset like Bitcoin at a predetermined price on an agreed future date.
These contracts allow traders to benefit from price movements whether upward or downward, making them a powerful means for hedging or profiting from speculation. Despite their advantages, futures contracts carry high risks due to the use of leverage and rapid market fluctuations. Therefore, it is advisable to study risk management strategies well before trading. Futures contracts present an opportunity, but they require wisdom and discipline. 💹🔥