Binance Futures on Phone: Beginner's Guide in Simple Terms! Binance Tutorial

[00:01] give you step-by-step instructions on working with futures on the Finance exchange through the app. I'll explain all the technical details, as always, in the simplest trading futures, we first need to top up our futures wallet.

[00:17] Click on the wallet. Click on transfer. Click on this field. Here, we need to select futures.

[00:31] We'll be trading in dollars. Coin M futures. We'll be trading in coins. We don't need that; we'll be trading in dollars. Click on futures. Here we need to select a coin, select a

[00:46] teaser and let's top up by $1,200, confirm the [music], everything has been successfully replenished, now

[00:59] go to the futures tab, at the very beginning you will see a window like this and you need to click view now, click start test here you need to take the futures test after

[01:13] you pass it you will see the maximum leverage of 125 here is the first question what is the maximum leverage available on been an sketchers click available on been an sketchers click 125 and then take the test if you don't

[01:28] know the answers click show answers and it will show you all the answers answers and it will show you all the answers then fill in

[01:42] click trade futures if you don't pass this test the maximum leverage don't pass this test the maximum leverage that will be available to you is 50 so click trade futures and so now more details about leverage and futures

[01:55] now more details about leverage and futures in general what is leverage guys here we have leverage here click here select 100x what does this mean and it means that your money increases in A hundred times, you want to enter a position for

[02:11] A hundred times, you want to enter a position for $100, now you can enter for $100, now you can enter for $10,000 with 100x leverage. That is, having, for example, only $100 in a futures account with 100x leverage, you

[02:25] can trade a whole ten. That is, futures greatly accelerate your earnings and losses too. Another feature of futures is that you can sell or trade short for a fall without having this crypto. So, what are the pros and cons of

[02:39] futures? If you enter a deal for $100, you have a purchase of $100 and the price goes up by 1 percent, you double your amount and immediately earn another $100 on top. But if the price goes down by 1 percent, you

[02:55] lose all your money. Guys, these are the same binary options, only here the profitability is much higher. That is, if you like options, it is better to study futures because this is real trading. This is real trading

[03:10] binary options. Well, this isn't trading, first of all, it's just a site for making money. And when you're talking to someone and they ask you how you make money on ben arches, well, it sounds so-so, but on futures, nabina en sinu, it's

[03:26] more solid. And the second important point you need to know is the mode and margins. Click here and we have two types of margin here. I'll explain in the simplest terms what a cross is. Cross means you risk all the money in your

[03:41] futures account. If you enter a trade for $100, you risk all the money, that is, my entire thousand dollars are involved. Here are my entire $1,200. If you choose the isolated mode, you risk only your

[03:58] hundred, and in the event of an unsuccessful outcome, you will only lose this hundred. This is an advantage, but the disadvantage is that then, if the price reverses, you

[04:10] could simply wait out this drawdown with the help of the pros, but with the isolated type, you will not wait out this drawdown. Click confirm. I choose isolated [music] Now let's see how this all

[04:26] works in practice. We click on our cryptocurrency pair here, cryptocurrency pair here, select perpetual, and here are our pairs. Look, different pairs have different leverage. For example, Ripple dollar

[04:39] [music]. Look, here you Look, here you see Ripple's maximum leverage is 75. see Ripple's maximum leverage is 75. Let's go back to our Bitcoin.

[04:54] So, look, our money is our money, 1210 dollars. We can enter for one hundred twenty-one thousand dollars, that is, we take our amount and multiply it by 100. This is our leverage. Now, to enter, for example, a thousand dollars,

[05:08] let's now enter our thousand dollars. We need to write 100 thousand dollars here, and then we will enter our thousand and make a profit from our thousand dollars. Let's take a risk and enter a thousand

[05:21] dollars. Here is the order type: we place the market, 100 thousand dollars. Next, here you can set a take profit,

[05:36] stop loss, and click buy long. So, here we have already opened a position, click on the position, and

[05:53] loss, you see minus 28 dollars, here is how much we earned in percentage, now we are in the minus by 6 percent, here is our cryptocurrency, I am a pair, here is the type of walruses, here is the leverage, so here is the entry price, go 43,427,

[06:11] so here is the entry price, go 43,427, here is the current price 43,393 and here is the liquidation price, look, if you close the position below this close the position below this mark of 40,364, you guys will lose all your

[06:27] money, the finance itself does not close if the price reaches this mark, it also gives you the opportunity to sit in the position for a while, there at 10, maybe 20 percent, so

[06:40] [music] so let's close the position, click close position and here we are in the plus by 5 dollars, 15 dollars, you plus by 5 dollars, 15 dollars, you see, everything is already in the minus, here is your leverage,

[06:55] we see, you can close part of the position, here is 50 percent, we close the entire position, you see, we have 100 percent, we close at the market plus 27 dollars, we we close at the market plus 27 dollars, we close, confirm and

[07:11] so The position is closed, let's see how much money we earned. Click here, go to the trading history. Here we go to the trading history. Here we see our profit. Yes, one dollar, $1,

[07:26] see our profit. Yes, one dollar, $1, $1, $2, $2. In short, we earned somewhere around $22. In short, guys, this is the mechanics. This is how it all works. We had $1,210 in our account, now it's $

[07:40] $1,210 in our account, now it's $ 1,234. There, $20 or something, we earned just like that, easily, in a couple of seconds. But you saw for yourself. Yes, what are the risks here? It seems cool. Yes, in a couple of seconds, you can earn $20 there, but the price

[07:54] goes down literally by half a percent, by half a percent, that's already $600 down. So, be very careful with this. Again, leverage xto is the same binary options. In short, guys, I

[08:08] 'll say goodbye. Link to the exchange. Financial description. Follow my link. You'll get a lifetime discount on commissions of 20 percent. Not all bloggers offer this discount. I'm giving it. Take it. Use it. To your health, lots of

[08:21] Use it. To your health, lots of money, love, happiness. Bye.