$BTC For newcomers in the crypto space, it is strongly recommended to start learning with spot trading and only consider engaging with contracts after fully mastering it.
1. Why is spot trading more suitable for newcomers?
1. Risk Level
Spot: Loss limit = principal reduces to zero (e.g., with 1000 yuan, the maximum loss is 1000 yuan)
Contract: May lead to liquidation and negative balance (the higher the leverage, the greater the risk; a 10x leverage with a 10% drop results in a 100% loss)
2. Learning Curve
Spot only requires mastery of:
✅ Buying and selling operations
✅ Basic market analysis
✅ Wallet transfers
Contracts additionally require mastery of:
❗️ Leverage choice
❗️ Margin calculation
❗️ Liquidation price alert
❗️ Funding rate arbitrage
3. Psychological Impact
Spot trading has relatively mild fluctuations, suitable for developing market perception.
Contracts' severe fluctuations can easily lead to emotional trading (a common fatal flaw for newcomers).
2. Hidden Thresholds of Contracts (often overlooked by newcomers)
1. Differences in Exchange Mechanisms
Full position vs. isolated position modes
Differences between U-based and coin-based contracts
Differences between mark price and latest price
2. Hidden Costs
Funding rate (charged every 8 hours; long-term holding may accumulate high costs)
Slippage issues (small price differences trigger liquidation at high leverage)
3. Strategy Complexity
Simple strategies for spot: dollar-cost averaging, partial profit-taking
Contracts require paired strategies: hedging, grid trading, swing trading, etc.
3. Suggested Learning Path (phased approach)
Phase 1: Spot Basics (1-3 months)
Essential Content
Buy BTC/ETH on exchanges (recommended: Binance/OKX)
Learn to view the top 50 tokens on CoinMarketCap
Understand basic indicators like market cap, circulation, and trading volume
Practical Goals
Complete more than 10 spot trades
Try transferring tokens from the exchange to a wallet
Practical Goals
Phase 2: Attempt Contracts (after 6 months)
Prerequisites
Continued profit in spot trading for more than 3 months
Can accurately explain concepts like 'funding rate' and 'liquidation price'
Safety Strategies
Use only 5x leverage or lower for the first time
Single trade should not exceed 2% of principal
Must set stop-loss
Establish your own trading discipline (e.g., profit and loss rules)
Participate in one bull market cycle to observe market sentiment
4. Key Recommendations
1. Start with a demo account
Both Binance and OKX offer contract simulation trading functions; it is recommended to simulate for at least 1 month before real trading.
2. Beware of 'Get Rich Quick Traps'
Those showcasing contract profits on social media often do not display their liquidation records.
3. Remember Two Formulas
Spot loss speed: principal × price drop percentage
Contract loss speed: principal × leverage × price drop percentage
5. Common Questions from Newcomers
Q: What should I do when I see others making tens of thousands in contracts in one day?
A: Statistics show that 98% of new contract traders lose money within 6 months; survivor bias makes you only see the winners.
Q: When can I start learning contracts?
A: When you can answer the following questions:
Why does Bitcoin halving affect the price?
What is Ethereum's Gas fee mechanism?
How to determine if a project's TVL is genuine?

Summary: The first rule of survival in the crypto space is to stay alive; spot trading is the best starting point for learning. Once you have enough understanding of the market, contracts will naturally become a tool rather than a gamble.

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