Future is one of the trading features available on Binance. This trade has a high level of profit and also has a high level of risk.
This time I want to share my experience trading with futures on Binance. Before trading futures, you must do the following things
1. Learn the Basics First
Leverage: Start with low leverage (2x–5x) to minimize the risk of liquidation.
Contracts: Choose between USDT-M Futures (settled in USDT) or COIN-M Futures (settled in crypto).
Funding Costs: Pay attention to funding rates, as they can impact long-term trading.
2. Manage Risk Properly
Use Stop-Loss: Always set a stop-loss to avoid liquidation.
Risk-Reward Ratio: Aim for at least 1:2 or 1:3 (risk $10 to win $20 or $30)
Position Size: Do not risk more than 1-2% of your total capital per trade.
3. Pay Attention to Key Market Levels
Support & Resistance: Identify strong price zones to enter or exit.
Moving Average (EMA 50, EMA 200): Helps find trend direction.
RSI & MACD Indicators: Use to confirm momentum.
Hopefully this tutorial can be useful for all of you.