Step-by-Step Guide to Trading Futures on Binance (for Novice Traders)
Hello! As a novice trader, it's important to understand that trading futures on Binance involves high risks, such as the possibility of losing all your capital due to leverage. Futures are contracts that allow you to speculate on the future price of an asset (like cryptocurrencies) without physically owning it. You can open "long" positions (betting that the price will go up) or "short" positions (betting that it will go down). Binance offers perpetual futures (without an expiration date) and with expiration.
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