$WCT
Ready to future trade???
Futures trading in crypto allows you to speculate on the future price of a cryptocurrency without owning the actual asset. It can be highly profitable but also very risky. Here’s how to get started:
Choose a reliable exchange – Use platforms like Binance, Bybit, or OKX that offer crypto futures trading. Complete KYC verification if required.
Understand leverage – Futures let you borrow funds to trade larger positions. For example, 10x leverage allows you to control $1,000 with just $100. While leverage amplifies gains, it also magnifies losses.
Select a contract – Pick a perpetual or dated futures contract for a crypto asset like BTC or ETH.
Go long or short – "Long" means you expect the price to rise; "short" means you expect it to fall.
Set stop-loss and take-profit – Always manage your risk. Stop-loss protects against major losses, while take-profit locks in gains.
Monitor margin and liquidation price – If the market moves against you, your position can be liquidated, resulting in total loss.
Start small – Begin with low leverage and small amounts until you understand the market dynamics.
Futures trading requires skill, emotional control, and risk management. Never trade more than you can afford to lose.