Future Trading: Definition, Risks and Secrets of Success.
(Source: Dao Viet Hoang Facebook)
1. Future Trading Definition: Future is a futures contract that allows you to predict the price of a coin in the future without directly owning it. An opportunity to make profits in both bullish and bearish markets!
2. Risk and Leverage: The higher the leverage, the greater the risk. For newbies, being careful to avoid losses and account liquidation is important.
3. Secret of success:
Short and Long-Term Planning: Set clear goals and adjust strategies flexibly.
Don't Ignore Daily Fluctuations: Valuable lessons from these fluctuations.
Analysis and Prediction: Evaluate the possibility of further developments to respond promptly and effectively.
4. Risk Management: The key to success is smart risk management. Avoid significant losses and hold on to your account.
5. Train your trading psychology: Maintain a stable mentality in a volatile environment, maintain steadfastness.
6. Conclusion: Futures trading can bring great opportunities, but requires discipline and careful preparation.
Hope this article helps you better understand how to play futures safely and effectively!