#WalletConntect Trading Spot and Futures Contracts.. The Difference Between Heaven and Earth
Spot contracts are a clear and straightforward trade where you actually buy the asset, own it, and can sell it whenever you want. The risk is calculated, and the money remains in your hands. This is a cleaner and purer method, respecting your ownership, intellect, and conscience.
However, Futures contracts are a disaster walking on two legs. Here, you are not buying anything; you are gambling on the price. If the price goes up a bit, you win; if it goes down a bit, your money goes down the drain. Furthermore, the majority of scholars see it as religiously forbidden because it resembles gambling. This means no guaranteed ownership and no peace of mind.
Risk Management
In Spot trading, there's a reasonable purchase size and a logical stop-loss with calculated risk.
In Futures, no matter how skilled you are, a significant loss can wipe out your account if the market goes against you for just a moment. The leverage here can literally slaughter you.
If you have any sense in your head, stay away from these Futures contracts; this is not trading, this is a trap. Stick to Spot trading; it's safer for your money.
$WCT @WalletConnect