For newcomers to the crypto market, it is strongly recommended to start learning with spot trading, and only consider engaging with contracts after fully mastering it.
1. Why is spot trading more suitable for newcomers?
1. Risk Level
Spot: Loss limit = Principal goes to zero (e.g., with 1000 yuan, the maximum loss is 1000 yuan)
Contract: May face liquidation and owe money (the higher the leverage, the greater the risk; a 10x leverage with a 10% drop results in a 100% loss)
2. Learning Curve
Spot only requires mastering:
(1) Buying and selling operations
(2) Basic market analysis
(3) Wallet transfers
Contracts require additional mastery:
1. Leverage selection
2. Margin calculation
3. Liquidation price alerts
4. Funding rate arbitrage
3. Psychological Impact
Spot fluctuations are relatively mild, suitable for cultivating market perception.
Contracts can have severe fluctuations that lead to emotional trading (a common fatal flaw for newcomers).
2. Hidden Thresholds of Contracts (easily overlooked by newcomers)
1. Differences in exchange mechanisms
Full margin vs. isolated margin mode differences
Differences between USDT-based and coin-based contracts
Differences between marked price and latest price
2. Hidden Costs
Funding rates (charged every 8 hours; long-term positions may accumulate high costs)
Slippage issues (small price differences trigger liquidation at high leverage)
3. Strategy Complexity
Simple strategies for spot trading: dollar-cost averaging, staggered profit-taking
Contracts must be paired with: hedging, grid trading, swing trading, etc.
3. Suggested Learning Path (in phases)
Phase 1: Basics of Spot Trading (1-3 months)
Essential content to learn
Buy BTC/ETH on exchanges (recommended Binance/OKX)
Learn to check the top 50 tokens on CoinMarketCap
Understand basic indicators like market cap, circulation, and trading volume
Practical goals
Complete more than 10 spot trades
Try transferring tokens from the exchange to your wallet
Practical goals
Phase 2: Contract Trials (after 6 months)
Prerequisites
Consistently profitable in spot trading for more than 3 months
Can accurately explain concepts like 'funding rate' and 'liquidation price'
Safety strategies
Initially use leverage of 5x or less
Single trade should not exceed 2% of the principal
Must set stop-loss orders
Establish your own trading discipline (e.g., profit-taking and stop-loss rules)
Participate in a bull market cycle to observe market sentiment
4. Key Recommendations
1. Start with a simulation
Both Binance and OKX have contract simulation trading features; it is recommended to simulate for at least 1 month before going live.
2. Beware of 'get rich quick traps'
Those showcasing contract profits on social media often do not display more liquidation records.
3. Remember these two formulas
Spot loss speed: Principal × Price drop percentage
Contract loss speed: Principal × Leverage × Price drop percentage
5. Common Questions from Newcomers
Q: What should I do if I see others making tens of thousands in contracts in a day?
A: Statistics show that 98% of contract newcomers lose money within 6 months; survivor bias means you only see the winners.
Q: When can I start learning contracts?
A: When you can answer the following questions:
Why does Bitcoin halving affect the price?
What is Ethereum's gas fee mechanism?
How to determine if a project's TVL is real?

Conclusion: The first principle of survival in the crypto world is to stay alive; spot trading is the best starting point for learning. Once you have enough knowledge of the market, contracts will naturally become a tool rather than a gamble.

#BTC重返12万 #ETH突破4300 #币安Alpha上新 #以太坊生态回暖

Continuously follow CFX ENA ETH SOL XRP