#BTCvsETH Steps to Start Trading Contracts on the Binance Platform
1. Create an account on Binance:
Register on the official website or application, and complete the identity verification (KYC) process to activate your account.
2. Activate contract trading feature:
From the account menu, look for the contract trading (Futures) option, and activate it to enable access to the contract market.
3. Deposit funds:
Deposit cryptocurrencies or traditional money into your account to use for trading.
4. Familiarize yourself with the trading interface:
Explore the contract interface on Binance, and learn about tools such as market orders, stop loss, and take profit.
5. Choose the type of contract and leverage:
Select the cryptocurrency you want to trade, and choose an appropriate leverage level (start with a low level to minimize risks).
6. Place the order and start trading:
Enter the amount of the contract you want, set your stop loss and take profit orders to secure your investment, then start trading.
7. Monitor and manage the trade:
Regularly monitor the market, and be prepared to adjust or close the trade according to price movements.