If you want to start trading futures effectively, the first thing you should do is understand each of the features displayed on this screen. Each of these elements is important, and we must know them. Take some time to review your screen and understand what you are looking at.
You can change the margin mode between cross and isolated. The difference is that in Cross you risk all your money, and in isolated you only have at risk the amount you decide. Although I recommend working in isolated mode, I personally use the Cross mode more for convenience and because I always use a Stop Loss to avoid large losses.
There are different types of orders, by tapping on this option a list will open, and you will have a small tutorial on how each of them works.
To start a trade, we must enter an amount in the box where it says "amount"; this can be an amount expressed in dollars, in the currency you are working with, or a percentage of your capital.
If you have any questions, I will answer them. I hope this introduction helps you start in futures. I will later explain other elements so you know how to enter with little money and avoid losing everything.
Leverage is one of the most important elements, especially for those who wish to start in futures with little capital. When you use a leverage rate, you are effectively asking Binance to lend you money for the operation, multiplying the money you are starting with by the amount of leverage. This means that if you use a leverage of X50, for every dollar you use to enter, the system takes it as if you entered with 50. You won't have these 50 dollars, but the ROI (Return on Investment) will be calculated based on 50 dollars.
Therefore, when you use one dollar leveraged X50, you are generating profits as if you had 50 dollars, and at the same time, your losses will be magnified X50 (not everything could be beautiful).
Generally, the minimum to start in futures would be almost 6 dollars, so how do we start with one dollar? With a high leverage that could be X30 to reduce your risk a bit, enter only with 20% of your dollar, which is 0.20; this will also allow you to have a fairly high liquidation price.
The liquidation price indicates that if the symbol reaches that price, you will lose all your money.
Leave your questions and doubts, and I will answer you. Soon you will be living as a profitable and successful trader.
This is what the chart of $GRIFFAIN looks like announcing its imminent fall into overbought levels. The last signal for tonight, I hope you manage to enter this short and earn a lot!
Avoid this error when you enter futures with little capital:
You enter futures with one or two dollars, place a small percentage of your capital, let's say 0.12 leveraged X 50, you hit the button and it says "successful" you're in, but your operation closes before you realize it, you don't know what happened, just that now you have 1.85 and you have lost part of your capital.
It happened to me many times when I was a novice and literally the money just disappeared. This phenomenon is due to the fact that when we have a high level of leverage, our money moves in larger figures. I had already explained that in the case of 0.12 leveraged X50 the operation enters as if you had 6 dollars, your profits are reflected in this number and your losses too, which means that when entering a trade if it goes two points back you will have already lost the capital with which you entered and just like that you have been liquidated.
Can it be avoided? Yes, and I will explain how. There are two ways to prevent this from happening to you, the first is to avoid high leverage, by lowering your leverage level your margin will not be so volatile. But if you are entering with only one dollar into the trade it is impossible not to have high leverage, right?
The solution is easier than it seems, you just have to change the mode from isolated to cross. When entering in cross mode, the operation takes all your money as margin for liquidation, so you will be risking your entire capital, but the retracement will not lead you to immediate liquidation and that dollar will serve as oxygen so that you are not liquidated, the operation progresses and you come out with profits.
If you entered the operation in isolated and you got the notice that your margin is at 80%, you can also add part of your capital by touching the + and entering the amount you wish to add, if it is a not very volatile token and you have time.
If you have any questions, I am here to help you!
Step by step you will become a profitable trader. Let's go for it!
XPL in a bearish trend, with high levels of overselling but so far shows no strong reversal pattern, indicating that it will continue to fall for a while longer before having a bounce and starting a real recovery.
Tips: if you already have an open position, keeping it seems to be the best option, but you should be alert for the moment of a possible (not latent) reversal.
If you are going to enter at this point, set your Stop Loss at 0.2 and keep monitoring the operation.
Pay attention to this ARC rise; everything seems to indicate that after this quick bullish movement, it is slowly falling again. Entering short, manage your risk well, do not forget to place your Stop Loss to avoid large losses in case a large purchase like this repeats.
While FOMO consumes a huge percentage of the trading community and they follow strange signals that make them lose money, we are here step by step and safely.
Last night while many were losing with the "bets" on PIPPIN and TRADOOR, my followers and I were winning.
This is not about betting, it's about strategy, analysis, patience, understanding what we are doing and where we are going.
Sometimes it's better to ignore certain segments of the market and focus on others that go unnoticed by most because they are only seeing what they want to see.
Kitten, remember that technical analyses are not infallible and that this type of token is prone to manipulation. I hope you don't lose all your money by being overconfident.
cat W
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🤯 $PIPPIN just printed a double top !! trend reversal confirmed! Massive dump loading… 🍆📉
😤 I’m staying SHORT on $PIPPIN. 🎯 Target: $0.01 incoming.
Yesterday I saw this post around here indicating that the price of Giggle would fall, and I was surprised to see how this person even said it would drop to 10, that is, from 125 to 10??? How do you predict something like that without fear that your followers will jump in and sell even their house to put into your "bet"
I advise my followers not to be led by FOMO, which is the fear of missing out. If this emotion dominates you, it will be you who ends up losing your money. I'm not talking about PIPPIN or TRADOOR because I know these tokens are currently in fashion and also the trap that many are falling into and losing.
Be prudent and continue to take care of what you have now. Happy Sunday!
I alerted you about IRYS when it was at 0.041619 and shortly after it dropped to 0.035043 you would still be in profit if you entered when I alerted
I alerted you about LSK when it was at 0.3070 and shortly after it dropped to 0.2547 you would still be in profit if you entered when I alerted
I alerted you about TIA when it was at 0.6860 and shortly after it dropped to 0.6545 you would still be in profit if you entered when I alerted
If you didn't enter on these signals that I gave you but you did when they told you they made thousands with other tokens that made you lose money then you are doing something wrong.
I recommend being attentive to $TIA as it shows overbought levels and a possible drop in its price in the short term.
My advice would be to enter short, it may rise a bit more because that's how the market works, but wait for the drop, which is coming.
What to do if you have little capital and want to enter with minimal risk? Study the movements of the chosen token, and stay active monitoring so you can enter in time when it drops. Use a minimum of your capital to enter the operation, you will earn little but every bit counts.
Remember that you must manage your risk well, we are here to win and we must take care of what we already have.