Do you know what "futures contracts" means?
Here's a simple explanation 👇
Futures contracts are an agreement to buy or sell a specific asset (like cryptocurrencies) at a predetermined price at a later time.
On the Binance platform, you can trade these contracts without actually owning the asset, giving you the opportunity to profit from price increases or decreases.
💡 Simple example:
You expect the price of BTC to rise, so you open a futures contract to buy. If the price goes up, you make a profit. If it goes down, you incur a loss.
📊 Why do traders use them?
- To benefit from market volatility
- To use leverage
- To diversify trading strategies
🗣️ Question for the audience:
Have you ever tried trading futures contracts? Share your experience in the comments 👇
