Here are the 3 best tips for trading on Binance Futures so you can be wiser, safer, and have the potential to gain profit:
⸻
1. Understand the Risks and Master the Knowledge First
"Don't enter the battlefield without knowing how to use your weapon."
• Futures = leverage + high risk. You can make big profits, but you can also lose everything in minutes.
• Learn:
• How Futures contracts work (long/short)
• Leverage and margin
• Liquidation price and funding fee
• Use a demo account or start with a small capital before diving in seriously.
⸻
2. Use Strict Risk Management
"Trading is not about how much you win, but how little you lose."
• Always set stop-loss and take-profit.
• Limit risk per position (for example, a maximum of 1-2% of capital).
• Never go "all in" — use wise position sizing.
• Avoid overtrading, especially when emotional or after a losing streak.
⸻
3. Don't Trade Based on Emotions
"Fear and greed are your worst trading partners."
• Don't FOMO (fear of missing out) when prices spike.
• Don't seek revenge (revenge trading) after a loss.
• Create and follow a trading plan — when to enter, exit, and when not to enter the market at all.
• Maintain mental stability with a trading journal and review decisions rationally.