Here are 5 important tips for crypto traders in the Binance Futures feature, which is known to have high profit potential but also significant risks:
⸻
1. Understand Leverage and Liquidation Risk
• Use leverage wisely. The higher the leverage, the greater the risk of liquidation. Beginners are advised to start with low leverage (e.g., 2x–5x).
• Understand that with high leverage, small price movements can quickly deplete your margin balance.
⸻
2. Always Use Stop-Loss and Take-Profit
• Never enter a position without an exit plan. Use stop-loss to limit losses and take-profit to secure gains.
• Discipline in executing this strategy can protect your capital in the long run.
⸻
3. Pay Attention to Market Sentiment and Global News
• Futures are greatly influenced by market sentiment and fundamental news (such as US economic updates, interest rate decisions, crypto regulations).
• Use economic calendars and reliable crypto news sites for daily updates.
⸻
4. Manage Position Size
• Never go all-in. Ideally, risk only 1–2% of your total capital per position.
• The main goal is to survive in the long run, not to win big once and then lose everything.
⸻
5. Do Not Trade Based on Emotions
• Emotions such as greed and fear often destroy futures traders.
• Make a trading plan, follow the system, and do not trade emotionally after a loss.
⸻
