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

If you want to practice, you can start with Binance event contracts.

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

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

For event contracts, you can try to grasp specific time points:

such as macroeconomic timings, ETF inflows and outflows, Trump's speeches, candlestick indicators, options expiration, etc.

With a certain time dimension as a reference, it becomes easier to learn the principles of contracts.

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