silvinasho
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WE ARE learning let me explain more or less how to interpret;
I will explain step by step this image of Binance Futures, ideal for people like me who are starting
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1. Trading pair (top left):
BICOUSDT: You are trading the Biconomy (BICO) pair against Tether dollar (USDT).
Perp.: Means it is a perpetual future, that is, it has no expiration date.
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2. Current position:
Isolated 4x: You are using 4x leverage, meaning you are trading with 4 times more than you actually have.
Size: You have a position of 22.4458 USDT in BICO.
Margin: You only used 5.65 USDT of your balance as collateral (due to leverage).
Unrealized PNL: It is the current profit or loss if you were to close the trade now: +0.04 USDT.
ROI (return on investment): You are gaining 0.82% on your initial investment.
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3. Important prices:
Entry price: You bought at 0.1255393 USDT per BICO.
Mark price: Current approximate price: 0.1256925 USDT.
Liquidation price: If the price drops to 0.0947053 USDT, your position will be liquidated (you will lose what you invested in that position).
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4. Chart (bottom):
Shows the price behavior every minute (1m).
You can see that the price is rising strongly.
The colored lines are moving averages that help you see the trend:
Yellow: MA(7) ā average of 7 candles (short term)
Pink: MA(25)
Purple: MA(99) ā long term average
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5. Important buttons:
Sell/Short: To open a short position (betting that the price will go down).
Close: To close your current position.
TP/SL: You can set a Take Profit (automatic gain) or Stop Loss (loss limit).
Leverage: You can change how much leverage you are using.
---
If you want, I can explain with a simple example how leverage works or how to set a Take Profit/Stop Loss. Are you interested?
I will explain step by step this image of Binance Futures, ideal for people like me who are starting
---
1. Trading pair (top left):
BICOUSDT: You are trading the Biconomy (BICO) pair against Tether dollar (USDT).
Perp.: Means it is a perpetual future, that is, it has no expiration date.
---
2. Current position:
Isolated 4x: You are using 4x leverage, meaning you are trading with 4 times more than you actually have.
Size: You have a position of 22.4458 USDT in BICO.
Margin: You only used 5.65 USDT of your balance as collateral (due to leverage).
Unrealized PNL: It is the current profit or loss if you were to close the trade now: +0.04 USDT.
ROI (return on investment): You are gaining 0.82% on your initial investment.
---
3. Important prices:
Entry price: You bought at 0.1255393 USDT per BICO.
Mark price: Current approximate price: 0.1256925 USDT.
Liquidation price: If the price drops to 0.0947053 USDT, your position will be liquidated (you will lose what you invested in that position).
---
4. Chart (bottom):
Shows the price behavior every minute (1m).
You can see that the price is rising strongly.
The colored lines are moving averages that help you see the trend:
Yellow: MA(7) ā average of 7 candles (short term)
Pink: MA(25)
Purple: MA(99) ā long term average
---
5. Important buttons:
Sell/Short: To open a short position (betting that the price will go down).
Close: To close your current position.
TP/SL: You can set a Take Profit (automatic gain) or Stop Loss (loss limit).
Leverage: You can change how much leverage you are using.
---
If you want, I can explain with a simple example how leverage works or how to set a Take Profit/Stop Loss. Are you interested?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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