#TradingTypes101

#### **Step 1: Open a Binance Account**

- Sign up on [Binance](https://www.binance.com) and complete KYC verification.

#### **Step 2: Deposit Funds**

- Deposit crypto (e.g., BTC, ETH, USDT) into your **Futures Wallet**.

#### **Step 3: Access Binance Futures**

- Go to **Trade** → **Futures** (or [Binance Futures](https://www.binance.com/en/futures)).

#### **Step 4: Choose a Contract Type**

- Select between **USDⓈ-M (USDT-Margined)** or **COIN-M (Coin-Margined)**.

#### **Step 5: Set Leverage**

- Adjust leverage (e.g., 10x, 20x, etc.). Higher leverage = higher risk.

#### **Step 6: Place an Order**

- **Market Order**: Buy/sell instantly at current price.

- **Limit Order**: Set a target entry price.

- **Stop-Loss/Take-Profit**: Manage risk with automatic exits.

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### **4. Key Features of Binance Futures**

- **Leverage**: Up to 125x (varies by contract).

- **Trading Pairs**: BTC, ETH, SOL, and many altcoins.

- **Trading Fees**: Maker fees (rebates) & Taker fees (varies by VIP level).

- **Liquidation Risk**: If the market moves against you, your position may be liquidated.

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### **5. Risks of Futures Trading**

- **High Volatility**: Crypto prices can swing rapidly.

- **Leverage Risk**: Higher leverage increases liquidation chances.

- **Funding Rates**: Periodic payments between long/short traders (in perpetual contracts).

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### **7. Tips for Binance Futures Trading**

1. **Start Small**: Use low leverage (5x-10x) initially.

2. **Use Stop-Loss**: Prevent large losses.

3. **Monitor Funding Rates**: Avoid high costs in perpetual swaps.

4. **Avoid Overleveraging**: High leverage can wipe out your account quickly.

5. **Follow Market Trends**: Use TA/FA for better decisions.