Many novice traders are unclear about some basic knowledge of contracts.

If you want to practice, you can start with Binance's time contracts.

Event contracts are similar to binary options, predicting the outcome of a specific event (such as price going up or down).

This aligns well with novices trading based on news or information for long and short positions.

Event contracts can be tried by grasping timing points:

Such as macroeconomic timing, ETF inflows and outflows, Trump's speeches, K-line indicators, options expiration, etc.

With a certain time dimension as a reference, it becomes easier to learn about contract principles.

Many do not realize that the order book for contracts and spot trading are two different things, and blindly entering can lead to significant losses.