My practical experience and insights:
After years of hard work in the cryptocurrency circle, Binance Futures has witnessed my growth and ups and downs. When I first came into contact with Binance Futures, I was attracted by its simple and intuitive interface, which even novices can quickly get started. A wide range of trading pairs, from Bitcoin to emerging small currencies, meet the needs of people with different risk preferences.
In terms of trading strategies, I deeply understand the importance of risk management. Setting a reasonable stop loss and take profit is a life-saving talisman. Once I went long on a Bitcoin contract without setting a stop loss, the market suddenly plummeted, and my assets shrank significantly. After learning from the pain, every time I traded since then, I set a stop loss according to my risk tolerance. For example, for small currencies with large fluctuations, the stop loss is set at 5% - 8%.
Technical analysis is a powerful tool. I often use moving averages to judge trends. When the short-term moving average crosses the long-term moving average, it may be a bullish signal. But technical analysis is not omnipotent and needs to be combined with fundamentals. For example, when there are major cryptocurrency-friendly policies, even if the technical indicators show a pullback, it may be the time to enter the market.
In addition, controlling the frequency of transactions can avoid impulsive decisions. The market is volatile, and it is easy to chase ups and downs if you keep watching the market. I now make a trading plan every week, only seize opportunities that are sure to happen, and reduce unnecessary losses. Binance contract trading is like sailing against the current. Only by staying calm and strictly adhering to the strategy can you move forward steadily. #美国CPI数据即将公布 #非农数据大幅超出预期
