[00:02] explain you what is a trading futures and how to use it in trading platform. I will be using Binance exchange as an example for this video. However, all crypto exchanges are the same and you will have the ability to use any other
[00:15] the top exchanges are in the description. Okay, so let's get started. Open your account and if you have some crypto on your spot or funding wallet, you can transfer it to the futures wallet. You
[00:28] can actually use USDT or any other crypto. If you use USDT, go to derivatives USD futures. If you use crypto like Bitcoin or Litecoin, go to coin futures. I have USDT.
[00:42] Okay, now you have the workspace. This looks pretty cool. That's very similar to the classic trading, but trading on the futures you can earn a lot of more money. So, what's the futures trading is? This is similar to the classic
[00:55] trading, but Binance lends you money when you buy or sell an asset. For example, you have only $100, so you can buy Litecoins for
[01:07] value, you can sell it. You will get your $100 and profit from this deal. So, you can get much more money from one deal. Or, if its price goes down, you will lose your $100 or part of that money, but no more. And also the nice
[01:21] without having them. Binance gives you the equivalent of your USDT in these coins. And when you close order, you buy this coin and it converts [music] to USDT back. So, you can sell it before buying. You can make the deal
[01:35] in the reverse order. You buy the coin when you think it will rise in price and sell when you think it will drop. For example, Bitcoin costs $20,000 and you have only $100. Binance gives you the maximum leverage is x125.
[01:50] So, you can buy Bitcoins for $12,500. Then Bitcoin rose to the 25k. Now you close the deal. And you get $3,150 in profit. That's really cool, but there is one thing. If this price drops to the 19K $840,
[02:06] you will lose your $100. So, it's very risky to trade here. You can minimize risks by setting stop losses and take profits. You set stop loss value to prevent the loss of all your money. Like if this price drops to 19K $970,
[02:20] you will lose [music] only $20 instead of $100. And you will be able to continue trading. Take profit is the price when the order closes don't miss out on a good closing price.
[02:32] Here, you select what currency you want to trade. There are a lot of coins. You you trade the most so you can fast switch between them. This is the current You can see here the chart of the changing the coin price. And this is the
[02:48] order list that shows the prices and volume of buying and selling bills. This part is your dashboard. Price, [music] this is the what price you want to buy or sell the coin. You can use the current price. Just click last. Or, you
[03:01] market price. To do this, just go to the market tab. Size [music] is how much money you want to put in the new order. I can put only 10 bucks because that's all I have. Then, you can change the margin mode. Isolated, for example, in
[03:14] 125 leverage, if my position drops by $10, the order will be closed and my margin will be liquidated. When I use the cross type, and if my position drops by $10, then this position will take margin from other you opened and you can
[03:27] lose more money. Then, set leverage, how much money you want to take from Binance for this deal. Your margin will be multiplied by this number. So, I will buy Bitcoins for $1,250 by using and risking only my $10.
[03:40] Different assets have different leverage maximum. For example, Bitcoin has 125 and Litecoin has only 25. Set the take profit and stop loss so you don't lose all your money. Usually, I go to advanced and then you can set the prices
[03:54] or the percentages or this value. For example, 10% for the profit and 0.5% for the loss. I want to buy, so I set these values on the buy tab. If you want to sell, do it on another tab. Then you can buy or sell the coin. Buying is also
[04:08] called long and selling [music] is short. And now I just make a long position by clicking this green button. As you can see, a new position has been closing values on the chart. Go to the display settings and enable these check
[04:21] boxes. You can see I have set not good values of the profit and loss. You can change it just by pressing this TP {slash} CL button and set the prices you want. You can also see here how much you will get or lose when this position will
[04:35] be closed. And also you can drag and drop take profit and stop loss on the chart. I recommend you to set stop losses and take profits. Don't be a loser. Guys, and a very important point. If
[04:47] something goes wrong, you can always close the position instantly by clicking on the button market right here. And to open regular order to close the position at the desired price. Next to it you can see the button limit and the field where
[05:02] you can enter the price. Let's talk about the chart. This is a candlestick chart. One candlestick is a changing price for the select interval. In my case it's 15 minutes, but you can change it for yourself.
[05:16] Green candlestick means the price has increased [music] in this interval and red means the price has fallen. And also we have this thin line that shows the maximum and minimum [music] prices for this time.
[05:29] volume. It's how much coins has been bought or sold within this time interval. This is actually all what you have to know about futures to start trading. So let's see the real example to get money. I see some big drop and a
[05:42] high volume of trade. So there are some big traders and this is a good signal to make a short position after some resistance. I have only $12 all in. A short position has been opened and I also set the loss and profit values.
[05:55] Wait some time. As you can see, I got $4 within 1 minute. There is also very important information. It's a dependence of liquidation on leverage and the dependence of the trading fees on the leverage. I talked about this in my
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