Here are some tips for beginners in futures trading:
1. Understanding Risk: Futures can bring great returns, but they also come with high risk. Before trading, it is important to understand the potential losses. Use strategies to limit risk, such as stop-loss orders.
2. Education and Research: Before you start trading, learn the basics of futures trading, including market analysis (technical and fundamental), as well as the supply and demand dynamics of the asset.
3. Good capital management: Set clear rules about how much you are willing to risk on each trade (usually no more than 1-2% of your capital). This will help to avoid large financial losses.
4. Planning and Discipline: Develop a trading plan and stick to it. Avoid impulsive decisions and do not give in to emotions. During large market swings, it is best to exercise caution.
5. Diversification: Don't bet all your money on one deal. Diversification helps reduce risk and protects against large losses in adverse market conditions.
