Perpetual Futures: Super Easy! 🚀
Imagine you want to bet whether the price of Bitcoin will go up or down, but without having to buy Bitcoin itself. That's what Perpetual Futures are for!
1. What Are They?
They are like an agreement to buy or sell crypto in the future, but with no expiration date! You can hold this "agreement" for as long as you want.
2. Why "Perpetual"?
Because they don't expire. You don't have to worry about your contract ending on a specific day.
3. Leverage: More with Less!
You can trade with more money than you actually have. If you put in $100 and use 10x leverage, it's like you're trading with $1000! But be careful: just as you can earn more, you can also lose more quickly!
4. Funding Rate: The Daily Adjustment
It's a small payment made every 8 hours to ensure the price of these futures aligns with the actual price of the crypto. Sometimes you pay, sometimes you get paid.
5. Liquidation: The Biggest Risk
If the price moves significantly against you and you don't have enough money to cover the losses, the platform automatically closes your position. You lose your initial money!
In Summary:
Perpetual futures allow you to bet on the price of a crypto with leverage and no deadline. But always keep the risks in mind!
