Good Morning My Binance Family 🌻❤️
I had make a tutorial for beginners let's tart future trading and earn together with $BNB future trading
Always trade $BNB for best profit ❤️
The current price of Binance Coin (BNB) is approximately $659.64 USD, which translates to around ₨185,897 PKR.
📘 BNB Futures Trading Tutorial (Updated with Current Price)
This guide will help you get started with BNB/USDT perpetual futures trading on Binance, utilizing the current market price.
1. Set Up Your Futures Account
Log in to your Binance account.
Navigate to Derivatives > USDⓈ-M Futures.
Click “Open Now” to activate your Futures wallet.
Transfer USDT from your Spot Wallet to your Futures Wallet.
2. Understand the Basics
You're trading the BNB/USDT perpetual contract.
You can go long (buy) if you anticipate the price will rise or short (sell) if you expect it to fall.
Futures trading allows for leverage, meaning you can control a larger position with a smaller amount of capital.
3. Choose Your Leverage
Click on the “BNB/USDT” pair.
Set your desired leverage (e.g., 5x is recommended for beginners).
Higher leverage increases both potential profits and risks.
Start with lower leverage to manage risk effectively.
4. Place Your Order
You can choose from different order types:
Market Order: Executes immediately at the current market price.
Limit Order: Executes at a specified price or better.
Stop Limit/Stop Market: Triggers a buy or sell order when the price reaches a specified level.
Example:
Place a Market Buy (Long) order at $659.64 with 5x leverage.
If BNB's price increases to $675, your profit would be:
**($675 - $659.64) × leverage = $15.36 × 5 = $76.80 per BNB**
5. Monitor Your Position
Keep an eye on your PNL (Profit and Loss).
Set a Stop-Loss to limit potential losses.
Use Take-Profit orders
6. Close Your Position
Manually close your position by clicking “Close Position”.
Alternatively, set a Limit or Market Order to exit your position at a specific price