📊 If you want to trade on Futures, you should know:
- what is Market analysing
You know that trading without the plan, the understanding of market is going to be just gambling! The market analysing is the most important thing in placing order. You need just to sit and see where the market goes to find a profit.
- what is Trend line and other technical indicators
If you placing a order against the market: you are big player or insider, because It has to change the trend with a big order, but how many money can default trader have? is it enough to change the trend line? No. So make your trading-strategy based on trend and technical indicators will help you! RSI, MA, Volumes - they are here to help you, but first you need to learn about them.
- what is Risk management
To save your gains in trading you should risk around 5-10% of your deposit, so you will never lose a big amount of money Set a Take profit(TP) and Stop loss(SP) and don't change them, because discipline is the key to succes. Follow the trading-strategy and don't let greed and FOMO get the better of you.
- FOMO should not rule you and your actions.
Be confident in your decisions, It will be bad If you miss the trade, but It will be better if you don't lose money. Open the order only if your trading-strategy is saying so. There is no missed opportunity - there is plan.
📌 Conculusion: guys, you should know all mentioned aspects of trading before you join the futures. Make a big DYOR before your own path in Binance Futures. Futures isn't about gambling, It is about plan and discipline, which are key to profits!
⚠️ This post is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any assets. Do Your Own Research (DYOR).
