Where to start trading Binance Futures: a short guide for beginners + campaign #NeedForProfit

Want to try futures but don't know where to start? Here’s a basic plan to help you navigate without unnecessary chaos.

1) Spot vs Futures — what's the difference?
In spot trading, you buy/sell the asset 'as is'. In futures, you can profit from both rising (long) and falling (short) prices by using leverage. But remember: leverage increases not only potential profits but also risks.

2) Long and short in simple terms

Long: you expect the price to rise. Short: you expect the price to fall.

3) Stop-loss and take-profit are must-haves
Beginners should develop the habit right away:

set a stop-loss to limit losses; set a take-profit to lock in profits.
This is a discipline that 'saves the deposit'.

4) Risk management
Start with small amounts and minimal leverage. One of the most common mistakes is to enter with high leverage 'because it's faster'. In futures, this can quickly lead to liquidation.

Campaign for Ukraine and the CIS: Binance Futures 'Need for Profit' #NeedForProfit

If you are planning to take your first steps in futures — now there is an additional incentive. You can win prizes in the campaign, including:

car / 20 000 USDC, MacBook, iPhone, cryptocurrency rewards, merch, and other prizes, plus a bonus of 10 USDC for beginners.

Link to the campaign (add to every post):
https://www.binance.com/activity/trading-competition/need-for-profit?utm_source=SQUARE