Binance Futures for Beginners — Step-by-Step Guide & Transcript

[00:00] hello family it's your boy joe zawa here again with another tutorial in this tutorial i'm going to guide you step by step as a beginner on how you can do the future scaling on the binance exchange

[00:15] if you don't have a binance account kindly ensure to check the link in the description or the comment section to create your binance account it is totally free okay when you make your facebook process using my link you are going to get a welcome bonus so after creating your account

[00:32] you have verified your account i have like videos which you can basically watch on how to create and verify your account in just less than five minutes using your phone so what is feature steering feature

[00:44] steering is basically when you what predict the future price of an asset okay you predict the future price of what a crypto that is what we basically mean by future trading and you can

[00:56] basically also what use leverage leverage is basically a borrowed fund okay the what exchange which is binance in this case is going to borrow your money let's say you have five dollar if you

[01:09] want to open a position of what fifty dollar you can basically open so this is what i'm going to show you and more so the first thing you need to do is you need to deposit money into your binance account and when you deposit it's going to arrive in your features account on your funding

[01:26] account okay it's going to arrive in your funding account so to deposit money basically i have a video on that you can check the binance playlist so you come to what the bottom here where you see wallet we need to transfer what font okay we need to transfer phone in our what features what wallet

[01:45] okay so whenever you send money the money is going to be at this particular funding wallet so for now i have like what 22 usdt so all i need to now do is what to transfer this usdt i don't need to come

[02:00] here okay so you transfer tab in transfer all right you are going to transfer this money all right so you select for more to what end future so i'm going to transfer from my spot to what

[02:14] Futures, okay, if the money is in your funding account. You just basically was to their thoughts from funding to what you select They end features Okay, you just like for the future that this funny how you do it

[02:29] So for this case our money is worth in our spots. Okay, our money is now what spot? So we are going to transfer you can put the whatever amount you want. We're actually to some ground put all in

[02:42] have transfer successfully to 2.100 USDT okay you tab in okay so now if you basically go to your features you can either go to the features page at the top

[02:57] here or you look at the bottom okay you can see what features you tab in here so when you tab in here you this is what your features this is where you are going to open what your trade so the first thing is after adding your account

[03:11] very high in your account you need to deposit money in your trading account okay so when you get positive money if you buy usb to now okay through the p2p or whatever way you want to use

[03:24] okay or you can start from one exchange to another exchange it's going to be in what either the spot wallet or in your funding wallet if you want to create features you need to send in the future wallet so now you can basically see our balance here is what our balance here is available 22

[03:41] usd so this is what you are going to use to trade okay in the features so i will start to choose step by step on how you can basically understand this interface the process is very easy you don't

[03:54] need a computer to do this at all you just need your phone and you have access to internet which I'm assuming if you are watching this you already have all the tools so the next thing you want to do now Let's look at the interface. I'm going to explain one after the other this one you are seeing at the top

[04:10] Okay, they are saying BTC USDT. So this is what the what crypto pair which you are trading Okay, the first one which is BTC is called the what the base crypto

[04:22] okay and the second one which is us this is called the cost crypto if this crypto is what the one which you are what you are going to trade so you are going to use what the second crypto to buy the first crypto so in this case we are

[04:37] going to use what USDT which is this one we are using USDT to buy BTC okay we are using USDT to buy what BTC okay so which means if you want to open the position

[04:49] you need to have btc all right so now you are seeing again here i will explain the interface slowly these areas you are seeing currently these are currently the people that are currently

[05:01] selling btc btc sorry they are shorting okay when we mean they are shorting it literally means they are selling they are saying the price of bitcoin is going to go down and at the bottom here are the people that are currently was selling btc and buying btc which means they are longing when i say

[05:18] long it means this is what they are worth buying they are saying the price of bitcoin is going to go up and when you are shopping it means you are saying the price of bitcoin is going to go down okay so this is basically what you are seeing you are nothing to be scared about the next thing is

[05:34] this price which you are seeing here this price you are currently seeing here is the current price of bitcoin which is called the market price okay if you want to buy one btc now okay you are going to buy at that particular price they are going to buy at that particular price so this is what you

[05:51] basically seen here let's come to this one here okay so this one you are basically saying is like called what the margin this one we have two types of margin here okay we have the cross margin and

[06:07] we have isolated so if you tab in you are going to see two types margin mode you have course margin you have isolated margin so i'm going to use both of these in this particular tutorial so you understand the difference okay for beginners it is highly recommended you use what isolated instead

[06:24] of what using course now let's say you select all the difference now if i select cost margin okay if i select cost margin and i now open a position let's say i say the price of bitcoin

[06:36] is going to go up and if the price of this coin fails to go up and it drops it reaches my liquidation price I'm going to lose all my account balance so this one I'm going to lose this entire money this 23 USDT that I just transferred but if you

[06:53] basically select VA isolated which you are seeing if you select isolated and you let's say out of this your 22 USDT you just play for $10 if you lose you are only going to

[07:05] lose your 10 usdt and the remaining 12 out of the country is going to be in your account but if you use quotes you are basically going to lose everything in case the trade move against you and it reaches your liquidation price you are going to see this live shortly so what is this one

[07:24] you are seeing here this one is for the leverage okay each asset basically have this can leverage so this is what you can just carry change the leverage here which means if you put 10 dollars and you select what leverage of what one is to one and 125 it basically means you

[07:42] going to multiply your margin the 10 times 125 okay so if you multiply 10 times 125 that is the amount which you are going to be trading okay so this gain asset basically have this gain worth

[07:55] leverage okay this can access basically have what different leverage so let's come to this talk here you are saying here there you are saying else if you basically have this these are the

[08:07] asset mode we have the single asset mode and we have the multiple asset mode now whenever you select this single asset mode you can directly select among the two margin either you can select

[08:20] and what isolated or you can select what course okay but if you select this multiple asset mode let's say now we select what multi-frame if you take another position type of course margin

[08:34] so now whenever you select what this and a multiple asset mode okay it's not going to go if you select your your and margin here mode is what isolated the this one only is going to allow now

[08:48] let's say this multiple asset mode only allows cross margin you cannot use isolated margin when you are using multiple assets mode you can only use what course all right margin

[09:00] okay i understand but if you select let's say you select single access mode you can come back here and select what isolated no problem you see from the top it's basically what i've changed right

[09:12] you see we have isolated here okay so now after explaining all this this is we are now let's talk about the type of orders before we go to the chat so we definitely have what this game types of what

[09:27] others okay and other is what a command which you give to the exchange if you get to buy now that okay i want to buy now or i want to sell now or i want to buy at a particular price in the future for example currently this coin is worth 67 000. if you want to buy this coin currently you want

[09:43] to enter the skate coins then you are going to use what market price okay this is the market order there are different types of orders but i'm going to show you just the most important one for beginner as this video is going to focus on one beginner so when you select market it means you

[09:58] want to buy bitcoin at this current market price even if you are buying 10 of bitcoin you are going to buy at this current market price okay so if you want to sell the game you can just

[10:10] buy this seller this current market price and we have what limit other limit other is when you want to buy at a future price currently the price of what bitcoin is currently let's say now let's

[10:23] look at this the price of what bitcoin is currently at 67 180 so probably you want to buy you are you want to buy low and sell high so let's say you want to buy this coin at 50

[10:36] 000 okay you want to buy this kind of 60 000 you can just reset this to what 60 000 and you put the amount which you want to buy let's say you just want to buy 10 usd of bitcoin when price

[10:48] of bitcoin is worth 60 000 so which means you want to buy low when the price of bitcoin is 60 000 your order is automatically going to be triggered you are going to have bitcoin in your account

[11:00] so after buying bitcoin at the 60 000 you wait for bitcoin to move up let's say 61 62 65 000 and you sell which means you make what's worth it so we are going to open today's

[11:12] ugly I just want you to like know the interface alright so now let's come to the chart I need to show you need to know how to analyze you see this our really always pointed this is the chat area to see the performance of what your

[11:27] asset in this case Bitcoin so this is the top of point with Bitcoin you can basically come you look to know whether you want to buy or you want to sell okay so now what does this interface basically shows you this are the

[11:41] important areas so you come here you are seeing 24 hour high so this is the highest price which Bitcoin has moved to within the last 24 hours and the opposite is what the 24 hour low this is the 24 hour low and this is the 24 hour

[11:57] volume the amount of Bitcoin that has been created okay so after this you can basically see a time frame you can see here what we have different time frame so if you select here more you can see what different time frames here so you

[12:13] select the time frame you want what does this discal image each candle you are seeing a let's say now we have selected what the 15 and 15 and discal image 15 minutes so each candle you are seeing here took what 15 minutes to form this candle

[12:27] you are seeing each of this one are taking what 15 minutes to form if you go to this one age each of this can do your senior disability for one hour to go to the for our each time do your thing takes four hours one day each time we

[12:41] are represents one day and so on and so forth I did not on here we get our what we call technical indicators you see you can select one for example if I select this this is called must be the moving

[12:54] average confided divergence okay you can just carry watch and know my indicators playlist for to know more how to use this indicator all right i don't want this video to be way longer anymore so we have different indicators we have the exponential moving average which is called

[13:10] ema we have the moving average which is na we have the mucarich and so on and so forth okay so there are a lot of indicators the rsi related strength index and all so this is basically what you need

[13:22] to know so we are going to come back to what the normal scaling chart so now let's say we want to enter our case okay we have 22 usb we are going to come towards market order okay we are going to

[13:35] come to market order and we are going to select what isolated for this particular one so you can see and we are going to take the leverage in this case i'm going to take leverage of what one is to

[13:47] 50. so for the level you can either what just like 50 if you don't or you can do that so i've selected what leverage okay so now out of this 22 you need to enter the amount you just let's say i

[14:00] want to enter 10. so what you are going to do is you are not going to multiply okay you multiply what the amount of money that you want which is your margin 50 like 10 okay times what 50 you

[14:14] multiply the leverage times what and the amount of money which you put let's say we want to put what 500 so now we are not you don't have this area of what I wanted in our account don forget you are just putting one out of 40 or why are you putting 500 here because when you take 10 you multiply 10 which is the money out of your 22 you want to put 10 and the level That you have selected at the top here is what

[14:42] 50 so you multiply the amount which you want to put on the level and this is the amount which you are going to enter Here okay now do you want to open long or you want to open short? Do you want to buy or you want to sell?

[14:54] Okay, if you open long now you are seeing the price of this coin is going to go up if you open short you are seeing price of this coin is going to go down okay so now to enter this page out of this your 22 you are basically going to pay what 9.40 usd as you are seeing from the bottom 9.43 okay so now after

[15:13] this you want to just select the way you want you can set what your tp and sl okay you want you can set your fixed profit and so for now let's open so this is what we are going to enter the btc and all

[15:28] and if you want she goes to this and you can work confirm successful all right so now when you basically open now you are basically saying you come to positions so now we are in the trade okay

[15:41] we are currently open the trade so now i'm going to explain to you what you are saying here when you open the trade this is what you are saying so now this is your entry price required

[15:54] at which you enter and you enter for what a buy this is the currency this is the cryptopia which you are creating okay btc i'll start from this top here this is what the crypto which you are

[16:06] creating btc usb okay this is the leverage which you are using 50x okay this is the leverage which you are what basically using so the next thing is quickly this is your profit or your current

[16:20] loss okay which means you are down minus 0.002 okay you are down out of this your nine dollar you are losing minus 0.002 okay so now you are in profit you see when it shows green on a realized

[16:35] profit the current profit or current loss which you are what pointly making okay so now this is your margin you are going to see the amount of money which you put into the trade so this is the amount of money which you put into the trade and this is the amount of volume which you are

[16:50] trading okay you are seeing 939 because what out of your 10 usd by now it's going to work the dogs were trading fee so the coins market price is this one this is what the coins market

[17:04] price so you enter at this price your current market price is this one that's why you're in the profit so this price you are seeing here is liquidation price this price you are basically thing i want you to pay attention to this one this one that you are seeing liquidation so now what

[17:17] does liquidation mean liquidation price this value means you we predicted that for the price of bitcoin is going to go up okay we are buying now if this coin says to go up and it drops it drops

[17:29] down to what this particular price is 6054.95 we are going to lose our money we are going to lose this was 9.39 okay they are going to lose this particular 9.39 usdc that's basically what this

[17:46] means okay they are going to lose if ever this coin price reaches 66.05 it's going to drop if it keeps dropping and it reaches this price currently the price is for 67 000 okay 6719

[18:00] so if it drops and it reaches this price they are going to what lose your money that's basically what this mean this is the isolated but now if we are going to use course okay if let's say

[18:13] this one is basically what cause what this car means is this coin price reaches this your liquidation price your this bitcoin price is 65 6605 4.95 you are going to lose your entire

[18:27] account which means the entire 22 usd you have in your account so that's why i mentioned that from the beginning it is good to use what isolated instead of using what course margin as a beginner

[18:40] what is the advantage of course margin cost margin basically moves towards your liquidation price very fast so now we are using like what and isolated and what you are seeing 66 so we are

[18:52] going to close before we close now this one you are seeing at the bottom if you want to set your take profit and your stop loss you just tab in here you set your take profit here so let's say

[19:04] now you enter at this particular price at the top 66 67 000 okay 57 133 so if you basically want want to set what your take profits all you basically need to do is what you just enter

[19:19] when bitcoin reaches what 68 000 okay when this coin reach 68 000 you want to take profit so you you're going to see the amount of profit which you are going to make you're going to make 626

[19:32] 06 euros this is if the price of this coin is which is what this one so you just start what confirm you see you just start being confirmed so now what are you seeing here what is this roi

[19:45] roi is what return on investment the amount of what percentage of profit which you are basically made out of what this your money okay which you are basically made out of what is your money so

[19:57] So we have made what 4.65% now we are currently in profit. We previously said that the price of Bitcoin was going to go up now Bitcoin is what moving to the upside. Okay, Bitcoin is what moving to the upside so currently we are now what in profit.

[20:12] Okay, we are currently what in profit. If you want to share you can just carry share this to your Telegram community or share with friends and all you just press the share button. If you want to close your trade you can just tab in here close.

[20:26] all right you can what does close if you want to close you can close this market or limit order at what point do you want to close you enter the amount here so for this case we are going to close our trade okay we are in profit just look we are in profit so now we tap close and we can watch

[20:44] close so you see our position have was been closed okay our position is what currently closed so now if you look at our account balance it's a little bit down why because we did not close with a lot

[20:57] of profit and finance is going to take what they are creating when you are going to basically close you are going to take credence even if you are in profit if you close with a little bit of amount you are going to watch one a little bit of loss so now the next thing i want to do is like i'm going

[21:13] to use course so you guys can see what i'm talking about so when you select this you select what course okay so now let's use course now we are using course we are going to go again for what

[21:25] bitcoin okay we are going oh let's use another asset let's use another asset so to use another asset all you need to do is what come to the top here okay then you change the asset so you just start here and what let's say we want to go with a pay

[21:42] we want to go with Ethereum now so to go with Ethereum you can the leverage is what you just select the leverage which you want you see okay select the level which you want so for fm you can also use this so now what you are going to do let

[21:58] select 50x leverage again okay we are going to select what 50x and we are going to enter market order so let's put 500 usd so all we need to provide for this to enter a clear 500 usd is what

[22:14] we need to provide 10.21 usdt to open a position okay so now let's say we want to open another what's wrong field again so you just press open and you agree confirm so now we are in the trade

[22:30] okay we are going to play on the trade what with the ethereum so this is what the gear which you are creating eth is what it is you are using usdt to buy what uh this is the cost margin this is the

[22:45] margin which you are using okay you already know the roi the return of investment all right so now let's look at our entry price let's see whether we are in profit or we are in loss this is the amount besides which you are creating and this is what our margin the amount of money which we put

[23:00] to open this position side so you can see from the size from the one hour here is what 4.99 why is it reduced we are paying fees so our entry price will enter we what we enter when ethereum

[23:13] was 31 3102 but now ethereum is for 3101 so we are down okay we are down because of what we are saying the price is going to go up so now the difference between what isolated and what and

[23:28] cross margin is now you see our margin and the creation price is very far away so if bitcoin now which is 2000 and sorry a three-year which is 2981 when 34 what is going to happen is we are going to

[23:43] lose our entire money we are not only going to lose this 10 usbc that we place we are losing our entire account this money you are seeing from the top here this hour this money you are saying we

[23:56] are going to lose what everything we are going to work lose what everything in our hands so this is the what the danger of using cross margin but the good thing of using cross margin again is it's

[24:11] pushing short no liquidation very far so now ethereum is 3100 from the coin market price here so it's going to take long for ethereum to work basically each or 2981 okay so this is

[24:26] this character I will write you if you are a beginner trader to always focus on using what isolated Martin instead of using cross-marking and keep your leverage for mom is towards at least 20 okay don't go any way about 20 otherwise you

[24:42] are going to lose your money so currently we are in profit in this period I think we are making seven percent of our money okay we are making what seven percent of our money so this is what six six point seven percent already so you can

[24:56] search your cp here all right and you set your stop loss here as well so you can just say what the cp and your stop loss price yeah okay so we are up seven percent so if we go to the chart

[25:10] at the top here so you can basically see all right you can just call it to what the chat yeah okay you can definitely see the chart of what i say so guys this is basically what you just need

[25:25] to know as a beginner all right try to explore i have not explained everything try to explore what the platform so you can basically know more if you also want to know how to do features or the

[25:37] assets on the by bit exchange i have a complete video you can check the link in the description and if you're interested in learning script 2 or 4, I have one more free training.

[25:49] Okay, send me a message via Instagram or Facebook or Twitter after the concept and I'll be happy to respond to you within 24 hours and you can join our community. You can also join our Telegram

[26:01] community where I share free signals and learning materials for beginner creators. If you find value in this tutorial, ensure you subscribe, like this video, share this video and yeah that's that's all for you today so if you play for your limit order okay if you ask for

[26:16] limit on a let me just give you an example before and you come here to limit so now a theory on this this value was three times around guys let's say you want to buy a few on two thousand five on the earth and you basically want

[26:28] to buy was I will never say to you again okay two thousand five on yes so you don't prefer but if I left over a selling okay to the sale or cannot be

[26:41] lower so let's say now okay two thousand six hundred let's say we want to buy this I found below on on 2015 on 2016 okay let's say three thousand so now you

[26:56] want to buy this feature course I am sufficient margin we don't have enough margin for now okay so we don't have enough fun for now guys so we just put for three thousand yeah as the limit

[27:11] price and we put your monthly to want to buy including your leverage and it's less by or third so whenever the size of that asset reaches that particular one is going to be under what open order because it has not been to be done when

[27:24] it's legal you are going to see on that what position so we are going to make in what you open that present okay so as of our nine dollars what i'll do is i'll just close this here i'll just close so we see our money is what back in what our account so let's say you have

[27:42] made profit and you want to get scary send the money back to your account all you need to do is what just to transfer again so you transfer from what these features towards your funding you come to funding you select for the amount of usd you want to transfer the confirm transfer then you

[28:00] can definitely come to the bank you go towards the deposit you go to your p2p okay you go to your p2p and you come to the top here you press here you select for the amount which you want to basically sell select for your payment network but don't forget to select your currency okay

[28:16] i have a complete tutorial on that so that's why i'm going very fast you can just go ahead and sell or if you just are you in nigeria and my office is not working you can definitely transfer to another extent so you can decide to send again so you

[28:29] withdraw the control make you select usdt all right then you select for the crypto you pay for it you go to the exchange where i could coin or buy this you copy you paste here

[28:41] you select the network mostly people use the ad sale because of the low fee enter the amount then you press withdraw you are going to receive it in your worth exchange so guys this basically is for the future of trading for beginners if you have

[28:55] any questions please don't hesitate drop them in the comment section i'll be more than happy to respond to you within 24 hours say that sorry guys please going to make my day for you if you subscribe like and share this video