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

[00:02] futures at some point, is that if you're a beginner and just starting out, begin with the spot market, buying and selling cryptocurrencies. Start by buying them so you can own them, transfer the Sunn Wall, and learn

[00:15] there, if you see you're doing well, you can move on to the world of futures. But my advice is to start with spot before futures. No advice for your wallet, more than anything. Good day to everyone, welcome once again to the

[00:29] we're going to talk about what futures are, so if you're interested, stay tuned. futures are, so if you're interested, stay tuned.

[00:41] to talk about futures. If I'm not mistaken, and if I read all the comments correctly, this is the video you requested the most, the one you're most interested in. what I think about futures: whether or not you can make money

[00:56] drawbacks to operating this instrument before we begin. As always, if you have the series, I recommend you check them out, especially if you're new to this platform. We cover the basics, from

[01:09] opening an account to depositing funds, and a bunch of other useful things. crypto, the tides we have in our portfolio (specifically, the spots section). These are miss them! Also, don't forget to subscribe and leave a like. We

[01:21] free. If you like it, we can bring you new episodes interest you a lot, like this one you're about to see. And as always, you can follow all the news. Before we get to the screen, I want to

[01:35] interest you, you can go to the timeline, and you'll see that I've talking directly about futures. But first, I want to give my opinion about balance futures. I think they're

[01:48] to me the first thing I want to determine is the risk we have trading this asset on this platform. As we know, perhaps you don't, the chart, that is, the price movement in

[02:01] balance futures, is a price that is assigned by certain entities; it's a price created by them, can understand. This lends itself to price manipulation. I to say, I don't have proof either. Perhaps some of you have proof, or perhaps not, it's

[02:15] important thing is to know the balance risk. That's what assigns that price through an index that tries to track, or tells us it tracks, but it's relative. Some people say they manipulate it, others say they don't. The

[02:28] risk exists and that they can manipulate the price to trigger a stop loss or to make you press a take profit. That exists and it's real. Not manipulation, but they set that price; it's the balance value. Unlike other

[02:41] from different platforms to make an average, they can't manipulate it because, since it's an want to make that point clear. On the other hand, I also want to explain the risks of leverage. For those who don't know,

[02:55] debt, which in this case the exchange provides. It gives us more trade in the market. This way, we can amplify our profits or, conversely, amplify our losses. For example, if we have

[03:10] $10 and take leverage of $10, our $10 is multiplied by directly with $100; we're going to trade with our $10. But if even a very

[03:24] $10. However, if we hadn't taken that leverage and our $10, we would also have a loss if the market moves very sharp movement against us to lose those

[03:38] $10. It's like the profit is amplified; we're going to the other hand, we're going to lose a lot more money. We'll be able to see that we go to the screens, but it's a risk. Leverage can be your

[03:52] best friend; in fact, it is your best friend when it comes to An account of two thousand or three thousand dollars can be a lot of money without using leverage, but knowing how to use it is crucial. We have to

[04:05] leverage and in the necessary way and measure, not over-leveraging or as it can make you a millionaire, it can also ruin you. Leverage can make our money disappear with a single snap. That's why we're also

[04:20] today's video. So, those are the two risks we have: the risk that price manipulation by various entities. I don't have proof to say whether it's true or not, so I leave it up to can leave in the comments what experiences you've had, but I don't have proof, to be

[04:35] risk of leverage, which each person decides. Whether to take it or not, if you don't had a little while ago, let's go to the screens and you'll be able to understand it introduction is getting long; I thought it was very important to talk about the topic of

[04:48] risks because investments are always beautiful when we talk about them and the profits we don't see. We can put in $60 with a 100% leverage and we can make $60 with $60 a 100% return in

[05:00] minutes. It's possible, but there are risks. When we have a great profit, we also have a great risk, so we always have to weigh we can make a video talking about the risks, which are many beyond

[05:13] rich market risk, liquidity risk. Well, there are a lot of risks that we have to consider when doing futures or any other type of investment. Perhaps the topic of investment risks. I'll leave it here. Let's go to

[05:27] beginners, for those who are not so beginners, so that they can understand how it. Okay, here we are with the screen. We're going to explain how forgetting, I'm not showing the screen, but rather pressing EFE 11 to leave. I'd

[05:41] better explain one thing before we start. I used to trade futures, but I stopped a few before we start. I used to trade futures, but I stopped a few also because of some things I did n't like, which aren't relevant

[05:53] now. This video doesn't mean I've stopped trading cryptocurrencies with leverage. I still do it on the Beamboxing platform. Later, when we do the inbound series, I'll explain the reasons

[06:05] and why I trade with leverage on Balanced. What I want to risk. Sorry for being so insistent on this, but I don't want you to lose your money. I'm aware that there are many companies, agencies, and somewhat strange structures

[06:18] that promise you things by joining their package, selling you training and other very strange things of dubious origin that I don't really supposedly work. You, knowing nothing about trading, barely even knowing what a Japanese candlestick is,

[06:31] in futures. Let me tell you, with all due respect, and perhaps I'm bursting your bubble, that's a lie. More than 90% of people who do 30, especially in these types of assets, lose their money. Yes, you

[06:45] important that you know how to diversify your capital and important, and that's why I emphasize it so much. It would be very easy to put in 60 dollars, leverage yourself to the max, and you'll make a lot of money. It doesn't work that way.

[07:00] and you'll make a lot of money. It doesn't work that way. leveraged in futures. In this case, it has to be a That way, we ensure that if things go badly, we only

[07:14] to trade futures. It's a small percentage of our out of the game just because we want to invest in futures. Enough talk, I know I've talked a my opinion clear regarding futures. The truth is, I've often

[07:28] read about people losing a lot of money with them, so I would you. Let's start with how to trade futures on Balance, step by step. Here we are on the main page of Váyanse, where

[07:41] this series. It's simply a matter of going to the derivatives section, and here we're going to choose this option: VST futures. Let's click on it. First of all, I apologize for the audio distortion; the microphone was misconfigured. We

[07:55] know this, and we'll fix it next time. I wanted to let you know that before you start trading futures, when you go to the Váyanse features section, you'll be asked to complete a survey. It's a survey with about 67 questions. What I did was

[08:07] leave a link to a video in the description, and I also left it in the little cards for send my regards to the person who uploaded a video with the answers to... That survey is also important, so read it

[08:20] futures trading works. So pay attention to the greetings. I'll continue with the video. We've reached the futures trading platform. Okay, here we are in the futures trading section, and I'm going to show you step-by-step how to

[08:33] trade here and also what this is all about. Well, the difference between trading futures and spot trading. Spot trading is what we've been seeing in the last videos, cryptocurrency and holding it in our portfolio, or

[08:46] are the true owners of the cryptocurrencies. We have the keys to move that balance within the blockchain. What's the difference with trading futures? I don't want to use very

[08:59] complicated words; I don't want to overwhelm you with concepts that might be a little difficult, so I'm following: When we trade spot, as I showed you in the last videos, we buy the cryptocurrency if we have it, we send it to a

[09:12] wallet, and we can exchange it between exchanges or from an exchange to a because you're missing something. Watch the previous videos. This way, we are owners and we buy the coins. We are buying the asset. In the case of trading

[09:25] futures, we are not actually buying anything; we are trading a contract, but we are trading a derivative. Why is it called a derivative? Because it derives from the main asset, the

[09:37] we are seeing on the screen, we are seeing a chart of Bitcoin VST in a perpetual contract. Yes, " perpetual" means it has no expiration date. So, if we buy, in this case, for example,

[09:51] we are not buying Bitcoin. We are simply trading a contract that allows us to profit when Bitcoin goes up and also allows us to profit when Bitcoin goes down if we go sell. So, in short, when we trade in spot, as we showed

[10:06] buy and sell cryptocurrencies. In the case of futures, we we are simply buying a derivative that derives from the underlying asset. That is, in a we can profit if Bitcoin goes up or down. Therefore, if we

[10:19] transfer them to another position. With an exchange, we can't transfer to another wallet, and We're simply saying, "This is going to go up, and I want to profit from the rise," or "This is going to go down, and I want to profit from the fall." Some advantages of trading futures include

[10:32] generally like this in all markets; we have lower commissions directly buying the underlying asset. They are minimal, especially if we have small capital; in fact, they are practically negligible. On the other hand, we

[10:46] able to profit when the price falls. If we trade spot, for example, and we want to profit if the price falls, what we would have to do is sell our cryptocurrencies at 10, for example, and when they drop to 5, buy them back.

[11:00] we sold for 10, we buy them back for 5, and that difference Obviously, considering we bought the same cryptocurrencies, capital. On the other hand, what we can't

[11:13] do when trading spot is buy a cryptocurrency that negatively tracks Bitcoin. There might be some average, this strange average, but I don't as with futures; we could sell a contract or

[11:26] the price goes down, we 'll make money—it's that simple. I'm going to learn better. My advice is, after some time trading cryptocurrencies, point, and also doing leveraged trades, if you're a

[11:42] money with this, or at some academy you came across, they told you that cryptocurrencies are the future and you're going to become a millionaire with this. Well, try to ignore all that and start with the spot market. I

[11:55] started buying and selling cryptocurrencies, but I started buying them so they were yours, so you could transfer the Sunn Wall, and I started to learn how this world works. From there, if you see that you're doing well, you can move on to the world of futures.

[12:07] But my advice is to start with spot before futures. No advice for your wallet, more than anything. One of the big drawbacks of Vainas is that it doesn't have a demo account; that is, we don't have a way to test the

[12:19] platform. With play money, we absolutely have to use it with real money. real money. As you can see here on the right, in "available" it says I have from before, and I withdrew them so that I would be at zero. I don't know

[12:32] now I'm going to load some dollars so can see how the futures section of Baines works. Sorry if I'm talking too other hand, I remind you to always try to trade futures and

[12:45] perpetual contracts. And obviously, if you want to trade and profit with you want to trade futures specifically with futures that expire quarterly, or well, depending on the expiration date of each

[12:59] so on, we can talk about the topic of futures and strategies that this video. What you asked me about is how to do 30, in this case, it's always done, or usually done, with perpetual contracts. And since they don't

[13:11] keep them open as long as we want, as long as the liquidation price doesn't trigger. For those who don't know, we'll now look at Okay, let's do a quick review of the platform where we

[13:23] trade. In this case, we're trading Bitcoin against the dollar. against the dollar; it's exactly the same. Always trade the perpetual contract, not the always trade the perpetual ones. And if you want to trade, I'll clarify

[13:37] again, just in case, we're not going to stay still. Instead of CVC, I the current price. I don't know why it seems connected. Now I'm going to restart moving. I like it better this way; I want to explain it better without so

[13:51] is the last price that was traded. This is an index that the contracts try to good to have. This is the founding price. Yes, this is the commission that we're going to... We pay to keep our positions open, and these fees are paid every eight

[14:04] hours, three times a day. That's 824; we have to pay three times a day if we have a trade open for 24 hours. Notice that on the right we have a countdown, which goes

[14:16] from 8 to 0. Every time this counter reaches 0, we have can go into the financing rates section if you want, how they are paid, and how the contracts adjust to the real price of the underlying asset, in

[14:29] very technical and complicated to understand, and I'm going to drive you crazy for nothing. The important thing to understand is that every time this clock reaches zero, we will have to better to trade within that time frame. For example, if there are three hours left before

[14:44] commission, it might be better for you to place a trade now so that the countdown doesn't end That way, you don't have to pay that commission or wait for the countdown to start again. time is somewhat complicated because sometimes you

[14:58] hour left, and you don't know how long your delivery will take. It's not worth something worth highlighting because commissions are something we have to operations. Here we have the change over the last 24 hours. In this case, it was

[15:12] $1,100, a negative 3.28 percent for Bitcoin. The highest and lowest values ​​in the last 24 hours, the and the trading volume in dollars are also shown. If we have a chart here, it's

[15:25] always included by default. I advise you to enable it your position. You'll also see this little message, which I don't actually the dashboard. So, it's just a detail, but I mainly recommend

[15:38] where you place your trade. order book. This is very similar to what we saw earlier when we cryptocurrencies on the spot market. It's exactly the same. Here, we can set the

[15:52] decimal places to one decimal place, two decimal places, no decimal places, whole numbers, or even tens. can do it however we want, orders. Remember, this is just

[16:04] for Vainas. This order book only shows Vainas trades, not lets you see all the orders coming into the market; it's really good. If another video if I see this has a lot of likes. On

[16:18] lost," and drawing a little square here so you can see it, we have the we have the prices at which they were executed, the amount in Bitcoin, and the we have below. Down here we have the whole "positions" section, which is

[16:32] have any open trades. And over here on the right, we have the dashboard, which I call the "die," where we can set up our trades. operate. Okay, we'll go from less to more, little by little, so everyone can

[16:46] start and do some tests on Vainas Futures, as I say. It's advisable to start with a small amount of capital and trade small. Now I'm going to show you how because the risk is very, very high. Up here on the

[16:59] can choose between cross or isolated. Many people ask me what this is, and in short, isolation, the maximum loss we can have is the capital we we trade in cross, the loss is limited to the amount of money

[17:14] we risk $10 and we have $100 in the account, if we are trading cross, we can lose all $100 we have in total. On the other hand, if we trade in isolation, if we only trade

[17:26] for $10, the other $100 will remain safe in the account and won't have any risk. So, in short, let's leave it on isolated for now. Let's talk about trading and simply trade on this side. On the

[17:38] set this up; I think it comes at 5x, I don't really remember, but anyway, completely to your liking. Just click here and here you can configure the leverage. This is what we talked about at the beginning of the video: the

[17:50] amount of leverage we want to put on our trade. My advice is to start trading at 1 to 3x at most. If you're very platforms have come along and you can trade at 5x. I advise against trading higher than that.

[18:05] do. Many have seen me trade at 100x, 50x, and even up to 150x. the trade I'm making. I'm aware of the capital and a lot of other variables that go hand in hand with my strategy. So, do as I

[18:20] say, not as I do. Try not to trade higher than 5x, at least when you're skilled and time passes and you gain more experience, you can play with leverage to your advantage, but to start, 1 to 5x is the

[18:33] most I'd tell you to move around. Between 1 and 3x at most, I'm going to leave it at 1x. If I've miscalculated, we'll use 1x, which is what I recommend most if you 're starting out. Down here we have the market limit and

[18:45] no-limit stop-limit options. This allows us to place an order, and it will be executed at the simple. Now we'll explain why. We have market orders, which I do why in a moment. Then we have the option to directly set the stop-loss before placing

[18:59] use this much. Now I'll show you how I do it. Now we'll look at Down here we have the bar that tells us the amount of money we money to the account, we'll be able to see it in more detail. Here we can configure

[19:12] the take-profit and the stop-loss before placing the trade. This is very useful. Here we have the buttons to buy long or sell short. Now we'll cost, which is the amount of bolivars we'll involve in the trade. Now,

[19:25] when... Let's do it, you'll see, and the maximum is this, but instead of these two little arrows, we're going to click. What I'm going to do is send money from spot to futures. Here's the amount of VCT that I have in

[19:38] want this to be seen. And we're going to send something to do some examples, and I'm going to send 300 dollars to use it. Confirm, and we're going to refresh the we made the transfer. Look up, now I see the 300 points,

[19:51] 18 cents, that test we had previously, the 18 cents we had plus the 300 that I put in. So we're going to show how to place a trade from scratch. Sorry, there was a power outage. I went to have a snack and took the opportunity to wait for

[20:04] Remember when it said "reconnecting"? Well, we have a stable connection now. moving, the price is constantly changing, the same with the variables up here, the time running for The next

[20:16] commission payment, and here we have the price running, so let's do a brief make the video too long because I can't see clearly, and I know that if it's too long, you won't be Initially, I recommended the limit, and it doesn't mark it. If

[20:29] we trade the market, we have what's known as slippage, known as slipak; it's the movement we have, or the percentage there's a very large volatility jump, what do I mean by this? Let's suppose we

[20:43] now have mark orders, for example, sell orders at 32,900. Also, because they have decimal places, let's say 0.01. Let's suppose I now place a market order. Let's move this

[20:55] move it to the right, it increases the amount of money I'm going to involve in this operation. Notice that if I put the bar at 100%, here I'll see $300, and if I move it down... Just a little bit, notice that

[21:08] we're sealing the 50. I'm going to put in half, so if it's $150, if I put in 10%, it puts in This is good because it lets you know what percentage of your capital you're invested in. example. For example, I'm going to risk 5% of the account in this trade. In this

[21:23] case, it's $15, which is 5% of this fictitious account I just created always trade with a small percentage of your account, so don't one trade. That seems like a lot to me. I'd say

[21:38] stick to between 5 and 6 percent of your account, or if you have a need many trades to lose all your money. Since we're volatility and a lot of risk, let's try to mitigate the risk by using

[21:52] good money management. Please, that's what you saw most in this want you to pay attention to most is... Risks, and be careful with what you no one will take better care of your money than you. So, we have a

[22:06] 5% trade of our fictitious $300 portfolio with a money we're going to risk. We can configure the leverage and set it to 3x, no more. If there's

[22:18] small amount of capital. I might be a bit more aggressive if I've been doing more aggressive leverage, but I'm using this example for someone who's just starting out. Put an X in and try to see how

[22:31] this moves. In fact, let's see it with an X. I'm retracting my view of setting it to 13. Let's continue with one. So, we're going to put 5% and go market? Notice the orders 31, 22, 25, 31, 223. If we go to

[22:46] market, it will buy the most immediate trade. The sell zone volatility, as is the case with Bitcoin, there's a lot of volatility and a going to read the last three numbers: 928, 928, and suddenly it's going to

[23:00] numbers: 928, 928, and suddenly it's going to jump to... let's see, 927, 229. High price, 925, then it drops right to 923. Since there's a lot of volatility here, so we enter the market, and suddenly, at that moment, there's a

[23:12] we can focus on losing our trade in advance. Professional traders always use limit orders, never trading, as I say, professionally, we

[23:26] market orders, to avoid slippage. So here we go to the limit. We're going to reconfigure 5 percent of the account, an X. Yes, here we have 5%. involve, which in this case is 15 dollars, and we're going to click buy. Yes,

[23:40] the price that we're going to... I'm going to buy and short because we're seeing it rejecting the 25-period moving average. We're going to enter a short position, and I want to enter short when the price reaches 32,882. Let's set the

[23:52] reaches 32,882. Let's set the price to 32,880. I want to enter short. One now that I'm trading. This is good because if I hadn't you wouldn't have. Bitcoin has a minimum trade size of $60.

[24:06] that I'm going to have to involve $60 in this trade, or you could simply put in $10 and leverage by 6. I don't recommend doing that. I'm going to put in $60 because it's the minimum to

[24:18] place a trade. So, let's say if Bitcoin reaches 32,880, I want case, Georges Civil would say that if it drops to 32,880, I would enter short. This 'm not doing a very, very large technical analysis here. The

[24:32] logical thing would be the following: here we have the balance chart that I use for chart to place our trade and do something quick, simple, and very practical. Here we we can draw an extension. If this is the low, this is the high, we project it. I can

[24:47] see that it's heading towards $33,000, and we're going to go long. analyzing, we can see that the price is rising. We're going to place is rising. We're going to place 2,908, let's say 32,900.

[25:01] We're going to go long at 32,910 with 5% of our account. We're going to buy long if the price reaches that zone. No, it shouldn't let me buy it at 60. Notice that I went above $60, and it let me buy it.

[25:15] position is still open. We reached 32,900, and it arrived there, and it executed. Notice that our trade starts here. We'll so you can also see how it develops. Let's do a time-lapse

[25:28] while you look at it like a cookie. Okay, as we can see here on the left, where we placed the order appeared on this dotted line. Here we can can see the movement and the profit we're making, which is very small

[25:41] because I entered with $60 at a certain price, so it's very small, but it's right, we can see how the price moves, and what I used to do when I traded futures contracts. I've been back so far. I know that I'm going to exit at 33,000,

[25:54] this pencil, I'll set my take profit. I'm not going to put 33,000 because that would be trying to catch the last pipe. I'm going to put 32,985 to set something approximate, and we're going to set the stop-loss below this last

[26:08] below this last candle, simply 32,885. 32 8 85 so good, let's talk and confirm. Notice that two dotted line below, which says "stop market trigger," it will take me out of the

[26:22] says here. Look, 0.02. This is what I will lose red dotted line below, which is the stop loss, is triggered. This is what I will red dotted line above is triggered. It's very little, just hundredths,

[26:36] do an example with a little more money so you can see the profit and trading these types of instruments. Down here we can see the order size in Bitcoin, the price of our entry price, which is 32 908, the

[26:49] have now, and the margin proportion, which is the percentage of risking in this. We don't have a liquidation price at the moment, so now slightly high leverage so you can see the liquidation price issue.

[27:02] The margin is 32.91, meaning the maximum we can lose is that, but n't lose it. We'll lose at most 0.02 cents, but you see I says here. And here we have the option to close or not close the trade. Now, if you

[27:17] too. Well, to avoid spending too much time recording this video and to make it price reaches my zone up here, the take profit zone, this case, as a summary of the video, I want to close the trade, so we can

[27:30] close it at the limit or at market. I advise doing it at the limit as well, because that way we can close it at a more precise price than directly closing at market. But that's a very specific point. Perhaps the

[27:42] most important thing is to place the order. Thank you. We placed a Carrió order, so we earned 0.02. Remember we had 0.18, we gained 22 cents, now we have 0.20, reaching the altars. Look, we're close to the target, we're at 940, almost dead.

[27:55] leverage so you can also see the risk we have here. We're going to capital and we're going to take a lever, for example, of 5x. the chart again. We can see that it's approaching

[28:11] we were looking at. We're going to enter a long position, just to see the enter a long position, just to see the example, at 32,970. We want to go long with 100% of my portfolio at 5x. We're going to buy long and when the

[28:23] price reaches that zone we'll be able to trade. Notice that we're going to waiting for it to reach 32,970. In this case, it has already reached it since we have high have touched the previous high, it has already started to fall. Well, this is exactly what I

[28:37] wanted to show you in the example Notice that we have 296 USD isolated, and our maximum loss is the 296 we set in this case. Notice that we have a liquidation price at 29,264.81, meaning that when the price

[28:50] reaches that price, it will liquidate the 296 dollars. Here we have the loss. Notice that in a matter of three seconds, the price hit, had a very large volatile jump losing three dollars. At 65, this shows me the mark price.

[29:02] loss. For example, I can set a stop loss of 10 dollars. Let's set it. loss of 10 dollars. Let's set it. We're at 32,887, so let's set it at 32,700, 120. That way, I would only lose 11 dollars. And to set a take profit, for

[29:16] example, at 33,200, let's see, 30 would be my target of 30, and 226 would be my would be my target of 30, and 226 would be my target of 100, right? 32,150, or less, 120.

[29:28] the two lines are again set, both the take profit and stop loss, and from there you can manage the position. But notice how quickly it changes when we use leverage. In this case, I have $300 leveraged 5x, which

[29:41] isn't very high leverage. Much higher leverage is used, and notice the price movement when we add leverage to our capital. I put in $300. There are people who put in $1,000 leveraged 10x, and that carries

[29:54] careful, manage your capital well. Let's put it in time-lapse trade develops. I didn't do much technical analysis; I just did it for how the asset moves and also how quickly we can make and how quickly

[30:08] just went through it to see what happens.

[30:24] the 3rd line on the downside, so I'm going to close all the positions. This insurance current market positions. Reach the confirmed orders. I want to stay out of the market because, well, my quick analysis for the video was incorrect, and it

[30:38] trend line. I think it's going to start having downward momentum. Let's see what happens. Think about it, up here above $300, now I have $294.48. There we can see the loss, and you understand what the risk is of

[30:51] trading with leverage. I hope these six dollars of losses I had have helped you involved in leverage. Logically, those starting out should begin with spot trading or with a few X's so they don't have

[31:03] 300 dollars, I had no problem losing a couple of do, especially if you're learning to trade capital you're prepared to lose, especially with these types of assets. I

[31:17] liked this service. I'll try to answer some messages and as many in the comments section, and I'll see you in the next video. Thank you so much for watching. [Music]

[31:32] [Applause] [Music] [Music] [Applause]