1. Understand contract trading: Before you start contract trading, make sure you fully understand how contract trading works, leverage and risks. Contract trading is a complex financial instrument with high risks and potential high rewards.
2. Learning and practice: Before you conduct actual contract transactions, it is recommended that you learn and practice virtual trading using a demo account. This will help you become familiar with the platform interface, trading tools, and market dynamics.
3. Risk management: Risk management is crucial in contract trading. Set stop-loss orders to limit potential losses and make sure to only trade with funds you can afford to risk. Use leverage with caution and understand its impact on your position.
4. Technical indicators and chart analysis: Learn to use technical indicators and chart analysis to assist decision making. These tools can help you identify market trends and price movement patterns and assist you in making trading decisions.
5. Stay calm and disciplined: It is very important to stay calm and disciplined when the market is volatile. Do not make impulsive decisions due to emotions, always operate according to your trading plan and strategy.
6. Pay attention to market news and events: Understand the market news and events related to the contracts you trade. These factors may have an impact on prices, so keep an eye on them and adjust your trading strategy accordingly.
7. Regular evaluation and adjustment: Regularly evaluate your contract trading performance and make necessary adjustments based on market conditions and your experience. Reflection and improvement are important components of becoming a successful trader.
Please remember that futures trading involves high risks and may result in losses. Before making any futures transactions, please ensure that you have sufficient knowledge and experience and make decisions based on your risk tolerance and investment goals. In addition, Binance Exchange itself also provides relevant futures trading guidelines and precautions, which you can further understand and refer to.