⚡️ Futures trading on Binance: The power of leverage in your hands!
🛡️ Tips for safe trading in Futures
Start small: Never start with a large capital. Use the mock trading mode if available in your area, or start with the lowest leverage possible.
Stop-Loss: You should always set a stop-loss order to determine the maximum loss you can bear.
Understand liquidation mechanisms: Learn when your position is liquidated and how to avoid it by managing the margin.
Risk management is your key: Never risk more than a small percentage of your total portfolio in a single trade.
Continuous education: Keep up with market analysis, futures indicators, and understand the differences between Spot and Futures trading.
But it requires strict discipline and rigorous risk management. Don't be a gambler, be a conscious trader.