[00:01] complete tutorial on how to trade Binance futures in 2023, from converting Brazilian Real to SBT, to accessing the futures and derivatives platform within Binance, and I'll show and explain all the trading tools,
[00:17] such as opening and closing an order, placing Stop Loss, Dream Stop, targets, and partial profit taking, and much more. So, leave a like, subscribe to the channel, and let's get to the video. Okay folks, I'm here on my Binance account, as
[00:29] you can see here, Ghosts. It 's a bit tight, a bit shaky, right? 's a bit tight, a bit shaky, right? With only 64 reais available here in Binance. These are difficult times, as you can see. Today
[00:41] as you can see. Today I have a negative PNL of -9.6%, and I don't even know why, but it's part of the game, right? Traders lose even without knowing how they're losing, isn't that true? But let's go, folks. The first step to
[00:53] start trading on Binance is to access the derivatives and futures platform. However, notice that here on the Brazilian site we don't have this option available. This is because in Brazil, this functionality for
[01:08] cryptocurrency derivatives and futures is not yet available.  This is why brokers with a Brazilian CNPJ (Brazilian tax ID) cannot offer this type of service. However, it 's important to emphasize that
[01:22] the fact that it's not regulated doesn't make the practice prohibited; it just means that companies cannot offer this service. However, you will not be penalized; you
[01:34] will not be committing a crime by scalping Bitcoin. So you don't trade here in Bahia because the federal police won't be knocking on your door tomorrow. Don't worry, to activate this functionality
[01:49] within the platform, we need to access it from another country precisely to have this option available. And for that, folks, just go up here to the icon that looks like a globe, click and
[02:02] change the language and region. Right now we are in Brazilian Portuguese; you can simply put it in Portuguese from Portugal, and automatically we will have the derivatives option available here. We have the
[02:16] little different, but here it opens the option for us to trade cryptocurrency futures, right? Perfect. But now how do I do it? Just go here now to derivatives and trade. It's not quite that simple, folks. First, we need to
[02:30] convert our reais to dollars. More specifically...  In the cryptocurrency futures market, we 'll use pairs with USDT to perform our operations. So, before going to the futures platform, we
[02:46] need to convert our value from reais to SDT. To do this, just go to the narrow corner; there's a "convert" option. You'll see our converter here, right? You can use either the market rate or the feed rate;
[02:59] you can set a specific price to perform this conversion. However, we'll do it at the market rate. I'll convert all my Nicks to reais here, which is 64 reais, and here I'll choose the USDT currency. Right
[03:13] now, it's not advisable to use USD, even if you might get a discount on the fee, because it will no longer be issued, and in February 2024, we won't even have maintenance for this stablecoin anymore. So,
[03:27] use SDT for better security. I clicked here, it disappeared. We'll put it back in, conversion preview. So, notice here, my 64.00 with 78 notice here, my 64.00 with 78 cents will be equivalent to $12.37.
[03:41] the conversion is, everything else, and we'll click here on convert. Once that's done, just click OK, and going back to our wallet, we can already see that instead of BRL, we have 12 dollars and 37 cents in USDT. However, we need to
[03:56] make one more adjustment. We need to take these dollars that are in our sports account (which in Portuguese from Portugal is "do Ceará à vista") to our futures account, because this is the account we're going to use to make
[04:09] our three trades. To do this, just go here to transfer. Here it's all messed up on my monitor, right? In case you can go here to transfer, here in the Fiat spot option is the origin, and here cross margin we're going to choose USD futures with that
[04:23] little m at the end. So we're taking from Fiat spot to futures. Here the USDT currency is already selected, and we're going to transfer all this incredible amount. Let's click confirm, and that's it! At this moment, we are already here
[04:37] in our futures account with our balance of $12 dollars and 37 cents, and now we can enter the USDM futures derivatives tab, right folks, accessing our tab here...  On our futures trading platform,
[04:53] I'm going to do a quick review of how the whole platform works. So, for now, I haven't changed anything. You can customize it; you can even come here and decrease this part, decrease this part,
[05:07] customization part, so you can adjust it to your liking. Right now, folks, I'm going to leave it on the default layout. You can even change the color by clicking the settings arrow. If you have any color
[05:20] blindness issues, there are many settings here that you can adjust to better visualize the layout. Okay, so here's a quick review. Up here, we have our currency pairs. This is
[05:33] you're going to trade. For example, I want to trade ETH/USDT now, and automatically we'll have our contract here. Remember that in the case of futures, we 'll always use the Perpetual contract. So, ETH/USDT Perpetual,
[05:48] clicking on this icon automatically changes the value. Here we have the Ethereum chart instead of Bitcoin. Up here, we have the current price. We have some reference values; this will be the value that
[06:01] will actually be used.  To open and close your operations, we have the some financing calculations. We have the financing rate, which is positions. We have variation, maximum, and minimum. So, we have
[06:15] a series of information regarding this asset. Okay, here we have the chart. We can even change the timeframe here. If your chart time isn't set in the configuration, just go to the arrow and
[06:27] minutes, one minute. You can even customize what you want to appear. So, you adjust all of this according to your needs. Okay, I'll put 30 minutes here. Okay, let's save it
[06:40] change our chart timeframe here. Right, in this corner we have the indicator icon. In this icon, we can put some indicators, like arithmetic mean, moving average, exponential, Bollinger Bands. We have some other
[06:55] indicators that we can use, like what day it is, and so on. These are indicators that strategies, all within the platform itself. However, these indicators are not as advanced
[07:07] as...  Example of using Trend View: So, even though we can use these types of indicators directly within the Byings platform, I advise you to still use your strategies within Trade Envios
[07:19] precisely because it's a bit more advanced and has more complete tools. Okay, right here on the side we have the display settings, and it's very important that you make this adjustment, especially showing
[07:32] open orders and open positions. The order history isn't as open order positions are very important to adjust. So, in the display settings, orders and positions, and you check this option here regarding the
[07:46] price shown on the chart, for example, the price used in highlight that the price that will actually trigger your orders, that will execute your Stop, your liquidation, will be the reference price. This is a price
[08:00] slightly different from the last price. If you want to use the reference price here, changes a little. Right here on the side we have the order book, for those who liquidity analysis; we have the last transactions for...  For those who are starting out, to be honest,
[08:15] these two aren't strictly necessary, but later on we 'll always use them as a guide for our entries. Okay, up here we have the part where we'll actually open and close
[08:27] our positions. Starting up here, folks, we have the type of margin. So here we're pre- defined as cross-margin, and this futures account capital as collateral for the trades. If you're
[08:41] starting out in trading, opt for isolated margin (which in Portugal is called "em isolamento") because this option will only use the amount you used to enter your trade as collateral. This prevents, for example, you from
[08:55] making a wrong leverage configuration or something like that, and it becoming very volatile at that moment, and suddenly it could end up liquidating your entire futures account. So if you're starting out, if you don't have much
[09:09] experience in trading, don't use cross-margin and use isolated margin for your trades. So I'll switch here to isolated margin. Next to the margin, we have the option of how much leverage we'll use
[09:21] for the trade, including, if I'm not mistaken, if you have less than 30  The Barney platform itself doesn't let you put more than 20x leverage here, but later it unlocks the option to leverage a little more.
[09:33] So this is where you'll adjust your leverage, always remembering that leverage needs to be combined with risk management. It's no use casino; you'll put 10x leverage here and expect to get rich overnight. The
[09:47] poorer overnight, precisely because you're not doing your risk management correctly. Okay, in this case, for a tutorial example, I'll put 10x leverage here and confirm my option.
[10:00] So we already have our isolated margin along with 10x, and here, folks, is how we're going to open our operation. So I'm going to open moment we are in the market in equilibrium here in the ethereal, so there isn't a
[10:13] you go up, you go down. But anyway, I'm going to open an folks, we're going to place a limit operation, and what does this limit operation mean? This is a limit operation, I'll define it here.  A price that I want to
[10:27] trigger this order. For example, I want to place a buy order if ethereum reaches 1,700 at this moment, so I set the limit price at so I set the limit price at 1,700 and the size at 10% of my bankroll,
[10:42] 1,700 and the size at 10% of my bankroll, right? 25%.  I'm going to open with 25% of my bankroll, which will give me an operation of about three dollars. position, but already including
[10:54] leverage. So if I want to buy at 1,700 in 10 days, it means I'll have to dollars to open this position. Okay, so here I can already place a long buy order, and notice that a long order is automatically generated on the chart.
[11:08] So when the price reaches 1,700, my order will be triggered. And here we see below, folks, the positions. Positions are the trades that are already open, already running, already in progress.
[11:21] open orders precisely because it's an order that I left pending here in the order book but that hasn't been executed yet. So here's my order. Remember, folks, that a long limit order can only be placed below the
[11:36] current price. If I try to place an order above the current price, this order is automatically executed at market. This is because the broker works with a best price system for executing your order, and...  It's
[11:51] better to buy Ethereum when it reaches 17:40, or to buy Ethereum now that it's at 17:30. Obviously, it's better to buy at 17:13. That's why we ca n't place limit orders above the current price or
[12:06] short limit orders below the current price. I'll even show you here how it works if I want to place a limit order at 17:40. Let's put 25% of the bankroll here again. Then I'll click buy, defining that I want to buy at 17:40 with
[12:21] 25% of the bankroll. However, if I click here, notice that it automatically opened a market order. So be very careful with this. We can only work with long limit orders below the current price or short limit orders
[12:34] above the current price. And here, to show you how it works, we have the positions here, right? So, this order has already been executed, and we have Ethereum Dash with leverage. The size of my position is $25
[12:47] with 70, but that already includes leverage. So, it already includes the leverage.  Regarding these leveraged trades, my entry price was 1713 with 76, and the reference price is now 1713 with 09. As I mentioned at the beginning, this is the
[13:02] reference price that will adjust both my target and my stop loss. My liquidation price at this moment is 1524, so when it reaches 1524, I will automatically be liquidated. And since I'm on isolated margin, I will lose
[13:15] the capital I put into this trade, which is the margin. So, $2.96 will be my loss if I am liquidated. The margin rate increases as we get closer to this liquidation price,
[13:30] so when it reaches 100%, you are automatically liquidated. So be very careful with this. For this liquidation, we have the margin rate, is isolated along with the capital that is actually
[13:42] at risk. Here in gains and losses, which is our ROI, we have the is 0.44%. We have an incredible 1 cent gain here.  And this here, folks, is your real profit, okay? It's
[13:56] a percentage of your profit relative to your margin. So it automatically calculates your leverage as well. So if it reaches 25% here, I'm So if it reaches 25% here, I'm earning 25% of $2.96, not
[14:09] $25.71. Many times beginners make this mistake, right? This error: this ROI is calculated based on the margin and not on the size of your position, okay? And here we have some options to close, okay? We
[14:23] limit to end the operation immediately, okay? And here, folks, we have the TPSL option, which is the most practical way to set a target and a I'm open in this position, I want to place a Stop at a target, okay? So
[14:38] I'll put it here in this icon, and automatically we have this little box. So I want to take profit here in ROI, okay? So I want to take profit and my loss here too, but I can do it here in ST, no problem at all.
[14:52] So I want that when it reaches 35% ROI...  I close my trade and it automatically tells me that when the price reaches 1775/92 it will trigger the price reaches 1775/92 it will trigger my take profit, I will gain approximately 93
[15:06] cents of a dollar, and my stop loss here, I want to place it at 20%. So if it reaches 20% negative, I want to be stopped out before the stop loss at 1524, precisely so as not to
[15:19] lose all my margin capital. So when it reaches a 20% So when it reaches a 20% negative stop loss, which will be at 1680 with 16, I will lose 50 cents of a dollar, so I confirm, and notice that both
[15:31] the profit-taking order and my stop loss are automatically plotted on the chart. And if I want to cancel these orders, I can close them here on the open orders and close these
[15:45] orders here. So in this way you can place both a take profit and a the chart. But if you want to close the trade now, for example... We're earning nine cents on the dollar, right? An impressive ROI of
[15:58] 3.4 percent. You can automatically come here and close at positions, and it will immediately close your order. Okay, so let's close at market here, and that's it, my position is automatically closed.
[16:11] So, to recap, limit orders require attention. If you want to open a long limit order, you can only place it below the current price. And if you want to open a short limit order, you can only place it above
[16:23] the current price. Okay, here on the side, folks, we have the option to open market trades. Here you just need to set the size of your position. For example, I want to open here with 25% of my trade and click if you want to
[16:37] click sell just so we have two different trades, right? So I'll sell here, and notice that my position has already been automatically entered. So, the market opening option means you just define how much you
[16:50] want to enter this position, how much margin you want to place, and automatically you can place either a long or a short. Again, our trade has already opened. I'm going to close this trade here.  I want to show you
[17:04] another scheme you can also use, for example, in the market, both at the limit, we have these two options here, right? TPSL and just reducing, or here in the personal market, and I'll put the same situation, I'll open with 25% of my
[17:17] available balance and I'll click on TP SL and here automatically it will open profit here, let's say I want to buy, okay? So I'll take a look at 17:30, I want to put my loss below this point here, which would be
[17:32] is just a tutorial, okay? This isn't a trading strategy, in fact, wrong here in terms of risk management, but it's just to show you. And if I buy a long, it will automatically open the
[17:45] market operation and place my orders, right? That one only picked my short order, I don't know why, okay? But unfortunately, this happens. It only picked my stop order, okay? But here I can go to my TPSL, I can put
[17:58] here just the profit take, so 17:30 and confirm, and that's it, right?  I set my TPSL, but when I put both the TP and the stop loss here, the platform should automatically display both, but sometimes these
[18:11] small bugs happen, unfortunately, on the Barney platform. At the very end of the video, I'll talk about some drawbacks that prevent me from trading on Binance Filters today. Okay, but continuing, I can close my
[18:23] trades directly on the chart, cancel these orders, and open an ANTTP However, know that when opening a position, you can also set the advanced TPSL here. Let's close this trade again, close the market, and
[18:37] click on advanced. Notice that the advanced tool gives you more or more confusing than the standard tool. But it setting the profit and loss take, your take profit, and your stop loss,
[18:51] right? But then that question always arises: I want to buy, but not at the current price. I want to buy when it breaks this high here, I want to, when the price reaches 17.50. And how do I do that if I can't open a
[19:03] long limit above that?  The current price is because it enters the market, the market option is just a market option, so it will enter at the price that is on the screen, and I don't have the here on the chart waiting for it to reach this region to activate a
[19:16] do this? We can use the Limits Top tool if you want to enter at the limit, or the Market Stop, which is for executing a market operation. If you want to use the market operation, just
[19:29] activate the Market Stop option here; this option will automatically open, and I want to activate a buy order when the price reaches 17.50. The same situation here: I want to put 25% margin. You can add your
[19:44] TPSL; you can wait for the position to open there and then put your TPSL here. I want to buy, and notice that a buy order is automatically generated at 17.50. And here's an important detail: this buy order
[19:57] here will enter at market, so when the price reaches 17.50, it is automatically triggered at market. Okay, but if you want...  Paying a slightly lower fee and triggering a limit order means you're in the best position. However, here's
[20:10] an important detail: besides the price you want to enter at, you'll also need to set a trigger price. So, let's say my Stop price will be 1750. However, you need to set a limit entry below this value because
[20:25] it will use the same condition as the limit. So, if you put 1750 here, limit. So, if you put 1750 here, 1750, or 1751 here, it won't activate your order for example, you'll need to put 17.49 here. You can also put 25% of your bankroll here
[20:40] if you want, and you can also set the TPSL. And here I'm going to buy. generated this order for me. But here's a detail, folks: if the price hits this order at 17.50 and doesn't return to 17.49, which is my price here, my
[20:56] order simply won't be private. Always remember, in a limit order, in a Stop Limit order, we have the trigger price, which would be 1750, and we have our activation price. The execution of our order would be at
[21:08] 17:49. That is, if the price breaks through the 1750 region without returning to 17:49, your order will not be activated. That's why, normally for this type of situation, it's recommended to
[21:22] use the "market top" option because this way you will really guarantee that your operation is executed. And here we also have the option of a trailing stop. However, for the turn stop option, we already
[21:34] So, let's activate a market order here. Let's buy long. Okay, I've place a trailing stop. What is a trailing stop? Imagine the following: you have your operation here, and your operation is going up, let's say during the night, in your
[21:49] beautiful sleep. But during this rise, you want to raise your stop loss as well, precisely to guarantee a profit even if the market reverses and you're not we can use the trailing stop option here, or training stop. And how do we
[22:03] configure this, folks? First, we have the callback rate, the retracement rate, and here you will put...  In percentage terms, how much do you want the price to move relative to your entry price? So in this case,
[22:16] I'll put, for example, a 1% rate, which would already give me a very interesting Stop. So I'll put a 1% rate here, my trigger price I'll put at 17 and 22, it needs to be above my current
[22:30] market price, and here I'll put 100%. But what is this 100%? I want to reduce 100% of my position when I activate my trainer Stop. So I'll I'll make a sell operation. Notice that it automatically doesn't
[22:45] here, so I'll make a sell operation. Notice that it has already placed my training stop order here, and from now on, whenever the price goes up, it will raise my Stop Loss, always leaving a 1% difference from the highest price
[23:00] set. Unfortunately, I have a criticism I was going to make about the Barnes platform, which is that it doesn't update the activated.  If it hasn't activated, if it's going up or down, and we only have
[23:14] the option of open orders here. Okay, I hope that Byse fixes this issue futures platform below is quite not. So, that's a criticism I'm making. Maybe when you're
[23:29] watching this video, they'll have fixed this issue, but for now, at this exact moment, we still have this problem. We also have other options; we have the option to just publish two-stop orders, which are other styles of
[23:42] honest with you, these are options that you will hardly use in any trading strategy. So, the main ones you will actually use are the limit order, the market order, the limit options, the top, or the market stop. On
[23:55] some occasions and operations, you will also use the top. Another closed my position, I need to come here and manually close my stop as well. Okay, so that's another very negative and confusing point within Byse. And
[24:09] another interesting point, folks, is that we can do partials, okay, but that's also another negative point, in my opinion.  Binance Futures loses a because it's a slightly more bureaucratic process. I'll give you an example:
[24:22] I want the price... I have a long position here, right? I want that when we reach the 17:32 region, or the 17:30 region, I want to take 50% of my position. So I want to pocket 50% of the profit here. The
[24:37] TPSL options, folks, they don't give me the option to place a partial take, so we need to do this manually within Binance itself. So, for example, I'll use the "stop market" option and
[24:50] here I'll type the price at which I want to take my partial take, for example, 17:30, and here in the size field, folks, I'll have to put, for example, "take down" as much as I want, 50%. But this is where you need to pay attention because I
[25:03] don't want to open a long order, okay? I want to open a short take order, and the inverse order to a long position, an order that closes the long position, is a short order. So I need to open a short position, but I can't just click "sell
[25:16] just reduce" option, that's what this operation is for. So, at this moment, I'm saying that this short order I'm opening at 17:30 will short order I'm opening at 17:30 will only execute 50% of the position I already
[25:30] have open. So, having done that, I can click "sell," and it automatically opens a profit-taking order. It's already saying that I'll execute my look at 17:30. So,
[25:42] the easiest way, let's say, to do a partial profit-taking within the band However, for this, you'll need to be careful to set the amount you want to take profit, but always
[25:55] remember to click "just reduce." Here you'll also need to know if short position), or consequently, if you're shorting to take a partial profit, you 'll have to open a long position, but always be careful to have the "just
[26:08] reduce" tool selected. In other brokers, this is much simpler to do, but in Barney, if we need to use this tool, for example, here I want to reduce, to close my operation completely at 1750.
[26:20] I can also go here to "top markets."  I can place it here at 17.50, but this time I want to close 100% of my remaining operation. Oh, so I can also come here with the "just reduce" option, click here and sell, opening a
[26:33] short automatically. I also have another order here, so I can always remembering that when it gets here it will reduce by 50%. So my margin here now is 2.92, it will be half of that, and up here I need to
[26:46] place 100% to close the operation completely. So if you scale you need to pay attention to that. So this is how we can execute partial profits within the platform. It's a little more complex; there are
[27:00] much better facilities, both in twin-stop and in partial profit taking, but for now, this is what ByNeste is offering us. And now, I need to talk about some negative points of the futures platform and why I
[27:15] no longer trade futures within Bainas. Some points I already mentioned during the video, such as the lack of intuitiveness within the operations. So it's a...  It's a little bureaucratic to perform partial orders, the
[27:28] Stop Loss training is a bit confusing. We have this issue here with the last price and reference price, which is often a huge rip-off for those you 're trading with, because this calculation formula doesn't always activate our
[27:40] orders; sometimes it skips the order within the order book, sometimes there are some bugs, as you saw here, we set the TPSL, it only showed the stop loss, not the take profit. So you have to set the take profit later. So these are some platform issues that
[27:52] really don't please and don't make life easier for those who want to trade. However, we need to understand that Bybit is a brokerage that was built, right, constituted to be a spot/custody brokerage for cryptocurrencies, so
[28:05] it doesn't have a total focus on derivatives trading, and that's why some tools and aspects aren't as well-developed. But if you're starting out, if you already have an account with Bybit, if you want to start in this world of
[28:18] trading, it can be a good start. However, if you want to advance a a video in the description showing the Bybit platform, which in my opinion is the best today.  The best trading platform, especially for those who use a
[28:31] computer for their operations. I'm also leaving a link in the description to open your account on By Bit. Using this link, I get a discount on my trading fees, and you also get to participate in exclusive bonuses, promotions,
[28:44] and more. So, if you don't have an account on By Bit, watch the video I this link.  This video was for opening your account, folks. I hope it helped. I hope this tutorial showed you the tools and some interesting
[28:58] news about the Binance trading platform. If you liked this video, don't forget to like it and subscribe to the channel. If you still have any questions, leave them in the comments and I 'll answer them all. And if you
[29:10] more about trading, become a member and get access to exclusive content. That's access to exclusive content. That's all folks, see you in the next video!