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Basic Guide to Trading Futures on Binance
(Explained simply, as it should be)
🚀 What are futures?
Futures are a way to trade the market without having to buy the asset directly.
Instead of buying XRP, BTC, or ETH, what you do is bet on the price movement:
If you think it will go up, you open a long position (LONG).
If you think it will go down, you open a short position (SHORT).
You make money if the price moves in your favor, and you lose if it goes against you.
It's that simple.
⚙️ What is leverage?
Leverage is a tool that allows you to operate with more money than you have.
🚀 What are futures?
Futures are a way to trade the market without having to buy the asset directly.
Instead of buying XRP, BTC, or ETH, what you do is bet on the price movement:
If you think it will go up, you open a long position (LONG).
If you think it will go down, you open a short position (SHORT).
You make money if the price moves in your favor, and you lose if it goes against you.
It's that simple.
⚙️ What is leverage?
Leverage is a tool that allows you to operate with more money than you have.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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