"Futures: A Path to Wealth or a Gateway to Collapse? Beware Before You Trade!"

In the world of crypto, futures are one of the most exciting and attractive trading tools for aspiring traders. They promise fantastical profits from simple price movements. But behind this allure lie risks that can devour your portfolio in moments.

What are futures?

Futures allow you to trade on the price of a specific asset (like Bitcoin or Ethereum) without actually having to own it. You can profit whether the price goes up or down, through 'Long' or 'Short' positions.

Where does the danger lie?

Leverage:

Leverage multiplies your gains... but it also multiplies your losses. Trading with 10x leverage means you could lose 100% of your capital if the market moves just 10% against you.

Liquidation:

If your balance reaches a certain level of loss, the position is automatically 'liquidated', and you lose everything you invested. There is no room for emotion or waiting.

The market is unforgiving:

Sudden market fluctuations, news, or even a single tweet from an influential figure can cause prices to skyrocket or crash, making futures traders particularly vulnerable.

Trader psychology:

Greed, fear, and the desire for 'revenge' on the market after a loss are factors that lead to reckless decisions resulting in losses..