I want to start trading on futures market, what is the best way to understand leverage and its affect on the balance?
I know it is risky I just need source which explains it very well. Appreciate any suggestions.
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You bet $100.
Leverage: 1x (no leverage)
Price drops 10% -> you now have $90 (lost $10)
Or, price rises 10% -> you now have $110 (gained $10)
Leverage: 10x
Price drops 10% -> you now have $0 (lost $10 x 10 = $100)
Or, price rises 10% -> you now have $200 (gained $10×10 = $100)
Want a great piece of advice? Stay away from futures trading. It’s almost guaranteed you’ll lose money instead of earning it. If you still want to enter the futures market study first and practice doing paper trading on a demo account (not real money) and see if it suits you.
lost 20k on a day. my advice, get more money and trade on spot
You’re betting against the people you’re borrowing from. At any moment Binance or any other exchange can dump its crypto, drive down the prices, and liquidate its leverage holders. This is why 95% of ppl that use leverage lose it all
Yeah don’t.
Be careful out there! It’s a rigged carnival game the casino always wins.
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find a strategy that suits you and stick to it no matter what, dont let your emotion go, also read intelligent investor
Never use stop loss. Thank me later
Maybe you could start with a small sum like 100$ and try to double it with leverage trading. Instead of blowing your account right away.
Good luck.
My advice is to start with a small sum and use 2x. You will understand how it works.
If you’re going to go into leveraged futures trading now, it’s probably the worst decision you’ve ever made, because it’s like gambling and you’re going to lose all your money.
I once lost 50k in leverage in one go. In my opinion, leverage is the riskiest type of cryptocurrency trading.
Honestly, you rather go to the casino and bet on red or black. At least you’ll have fun while getting fucked
Stay in cross, use 3x leverage available there, if after a year of being consistently profitable, anything above 70% of your trade being correct, then you may go to futures. Although future ain’t worth the risk, you’ll make money by consistently doing small % increment over a year that gambling on futures i hope to to get double money in a week.
I will suggest you use Binance education to get more knowledge, please do not tamper with leverage if you don’t have the needed knowledge and what it takes to trade, otherwise you will regret ever starting it in the first place
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