Crypto Futures: Trade 24/7!
45sHighlights the unique 24/7 nature of crypto trading, a key differentiator from traditional markets.
▶ Play ClipAI Summary
This video provides a step-by-step tutorial on how to perform futures trading in the cryptocurrency market using the CoinDCX app, specifically focusing on INR futures. The presenter demonstrates the entire process from adding funds, selecting a cryptocurrency, analyzing charts, placing a trade with stop loss and take profit, to closing the trade and withdrawing funds.
Chapters
[00:02]
Introduction to Crypto Futures on CoinDCX
The video introduces futures trading in the crypto market using the CoinDCX app, highlighting that the crypto market is open 24/7, allowing trading at any time.
[00:44]
Adding Funds to CoinDCX
To start trading, users must add funds by going to the profile section, clicking on 'Add Funds', selecting a deposit amount (e.g., ₹1000), and choosing a payment method like PhonePe. It is important to use the same bank account linked to CoinDCX.
[01:36]
Accessing Futures Trading
Users can access futures trading by clicking on the 'F&O' option in the app. This opens the futures and options section where they can select the cryptocurrency they want to trade, such as Bitcoin (BTC), Ethereum, Solana, or BNB.
[02:15]
Choosing INR Futures and Chart Analysis
The video shows selecting 'INR Futures' for trading. The chart can be viewed in full screen, and users can change timeframes (e.g., 5 minutes, 15 minutes, hourly) and add indicators. The presenter emphasizes the need for technical analysis knowledge, including candlesticks, chart patterns, and price action.
[03:50]
Placing a Long Trade
After analyzing the chart, the presenter decides the market will go up and selects 'Long'. They buy at market price, but mention the option to set a limit order at a desired price.
[04:44]
Transferring Funds to Futures Wallet
Before trading, funds must be transferred from the main wallet to the Futures wallet. This is done by selecting the INR wallet and transferring to the Futures wallet.
[05:09]
Setting Isolated Margin and Leverage
The presenter advises keeping 'Isolated' margin selected to limit losses to only the trade taken. They also recommend using leverage no higher than 3X or 5X, as higher leverage can lead to significant capital loss. The video sets leverage to 3X.
[05:49]
Setting Stop Loss and Take Profit
It is crucial to set a stop loss. The presenter uses a 1:2 risk-reward ratio, meaning a 1% loss or 2% profit target. They set a target price for 2% profit and a stop loss accordingly.
[06:28]
Executing and Closing the Trade
After setting the stop loss, the user clicks 'Buy Long' to start the trade. The profit/loss is visible. To close the trade, the user clicks 'Close', selects 100% and market, then confirms. The trade is closed and funds are returned.
[07:34]
Viewing Trade History and Withdrawing Funds
The portfolio section shows trade history, including fees and profits. To withdraw funds, the user transfers money back to the INR wallet and then clicks 'Withdraw'. The money goes to the linked bank account, with instant payment or a wait of up to 72 hours.
The video concludes that futures trading in the crypto market can be done easily with the CoinDCX app, but emphasizes that it is only for those with proper trading knowledge. The presenter encourages viewers to like and subscribe for more content.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (5)
What is the first step to start futures trading on CoinDCX?
easy
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What is the first step to start futures trading on CoinDCX?
easy
Click to reveal answer
Add funds to your CoinDCX account.
00:44
What is the recommended leverage for beginners in futures trading?
easy
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What is the recommended leverage for beginners in futures trading?
easy
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3X or 5X, not more.
05:22
What is the purpose of using 'Isolated' margin mode?
medium
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What is the purpose of using 'Isolated' margin mode?
medium
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To limit losses to only the trade taken, preventing other losses.
05:09
What is the 1:2 risk-reward ratio mentioned in the video?
medium
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What is the 1:2 risk-reward ratio mentioned in the video?
medium
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A maximum loss of 1% and a maximum profit target of 2%.
05:49
What is the maximum time a withdrawal might take?
easy
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What is the maximum time a withdrawal might take?
easy
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Up to 72 hours.
08:26
💡 Key Takeaways
⚖️
Trading Knowledge is Essential
The presenter warns that trading without knowledge of technical analysis, chart patterns, and price action will lead to losses, emphasizing the risk.
02:28
🔧
Isolated Margin for Risk Control
This is a key risk management technique that limits losses to the specific trade, protecting the rest of the capital.
05:09
📊
Leverage Risk Warning
The video clearly warns that high leverage can lead to huge capital losses, advising a maximum of 3X or 5X.
05:22
🔧
Stop Loss is Crucial
Emphasizes the importance of setting a stop loss to manage potential losses, a fundamental risk management practice.
05:49Full Transcript
[00:02] futures trading in the crypto market with the Coin DCX app. So the way , in the same way you can trade in the crypto market also. If you trade in crypto then this will be your advantage here.
[00:16] Friends, this market is always open all the time. 24*7 means it never stops. You can come and trade crypto anytime. So friends, let us see the complete process step by step in the video, how
[00:31] you can do futures trading here using the Coindix app. So let's start the video then. If you like our video then please like the video and subscribe to our channel. So let's start then. So guys, for this
[00:44] you will open Coinx in your phone. Now our first task here is to add the funds. Because if you trade here, you will need money. So how to add money? For this you will click on profile and then click on add funds.
[00:57] After that I will click on Deposit IAR. Now If you want to add support ₹1000, then select it. You will find the change button. You can select it by clicking on it. How to make payment? You
[01:10] How to make payment? You PhonePe etc. are easy. So select this and click on continue. We will click below on PhonePe. Will proceed. Friends, the only thing you have to keep in mind here is
[01:23] that you will add money from the same bank which is linked to your coin DCX. OK, so here you will press Pay and enter your PIN. Friends, your money will be added here. Now let us see how you will do futures trading here. For this
[01:36] friends you will get F&O. You please click on this. Ok? So here the future and options will open. From here you will select the crypto you want to trade. Otherwise, if you click on the market option here,
[01:48] you will come here and if you look above, you will get futures here also. So if you click on this then all the crypto currencies will appear here. Here you can see Ethereum, BTC i.e. Bitcoin, Solana and here BNB etc. Like
[02:01] friends, here we have to trade in Bitcoin i.e. BTC. We click on this. Ok. Now here you will get two options IAR Futures and USDT Futures. So here friends we will trade in IAR futures. So we'll leave
[02:15] this selected. Now its chart will appear here. Now friends, here you will get the option of full screen. From here you can analyze the charts. Now friends, if you are trading here then you should have complete knowledge of trading here.
[02:28] Like friends, you should know how to do technical analysis. You should know about all these candles that when and which candles will be formed then this market will go up. Chart patterns should be known. Price
[02:42] action should be known. Only then will you come here for trading. Don't act like you don't know anything. If you watch our video and start trading, brother, you will definitely incur loss. That is to say, trading here is only for those people who have
[02:55] knowledge of trading. Ok? So now friends, from here you can see its complete chart. From here you can change the time frame, 5 minutes, 15 minutes, hours, day, whatever chart you want to see, you can see it from here. So I prefer
[03:09] 5 minutes. If you want to change the candles here , keep bars or line ones, you can do all that from here. Indicators and so on if you have to put it in , right? So you can install that also from here. After that there are some more options
[03:24] which you can use from here if you want. Ok? So here you will analyze this chart. So let's analyze this chart a little bit. Let's see whether the market will go up or down. Then we will present the
[03:38] trade to you here accordingly and show it to you. So guys, I've done my analysis here. And we feel that this market is going to go up. No such strong candle or chart pattern is visible. But still there are chances
[03:50] that this market will go up now. So let us take the trade on that basis. We will come back from here. Now friends, you have to come down. Friends, here you will get long and short. So through long we take trades when the market goes up.
[04:03] we take trades when the market goes up. We take the trade when the market goes down through short. So here I select long. After that I am buying it at market price.
[04:17] If you want, you can set a limit. You can buy it at your desired price. As if its rate is also going on. The rate of this BTC i.e. Bitcoin is ₹1121. So, if you want me to buy it only when it reaches ₹1,12,000, then you can place that bet.
[04:31] But I am saying bye immediately. So I let the market be. I will tell you further how to place stop loss and stop limit now. After that you will come down and select the size. How much do you want to trade? And friends, let me
[04:44] tell you here that whatever money you add to your wallet, you will have to transfer it to the Futures wallet. first select IAR wallet in From by clicking on the plus button. The future wallet will be above. Then you will deposit money here and transfer it to Future Wallet.
[04:57] Well, I already have the transfer. And yes friends, here is another very important thing which you have to keep in mind. Above you will find Isolated. So make sure you keep Isolated selected. Because if you keep this then whatever trade you
[05:09] take, only that can result in loss. There will be no other losses. Apart from this, there is another option. So don't select that. After that you will get it by multiplying it by 5x. Basically here the broker provides you margin. Suppose if you take 5X
[05:22] then if you have ₹1000 then you can take an extra trade of ₹5,000. So friends, you will make a profit from this but if you incur a loss then it can be a huge loss of your capital. So you should not use it more than 3X or 5X. Isn't it
[05:37] ? So we leave it at 3X. After that you will confirm. Now friends, it is very important to place a stop loss here. For this you will click on Add Stop Loss. After that, friends, here it will tell you take profit
[05:49] stop loss, right here friends, I will take 1:2. That means if I have a loss then it should be maximum of 1% and if I have a profit then it should be maximum of 2%, so profit then it should be maximum of 2%, so
[06:03] incur a loss of 2% in a single trade. Let's do this. Isn't it ? So this is the best. Rest you profit you want. So here we have also set a target price of 2%. So if I make 2% profit
[06:15] then my order will be executed. But if you do not want to do this then keep the stop loss according to your 1, 2, 3% whatever you want to take. After that you will click on the Done option here. Your stop loss will be triggered.
[06:28] So now after that you will click on Buy Long here. Your trade will start successfully in this. I have taken a trade in Bitcoin here. You can see that right now my profit is 0.08 paise. So whatever your profit or
[06:41] loss is, it will be visible here. So now you wait. As soon as your profit target is completed here, then you close the trade. So let us wait a little and then we will
[06:55] close the trade and show it to you. So guys, here I waited for some time but due to some reason I took another trade. I am making profit in this. You can see it for ₹36. So you can take the trade in this manner. Then whenever you start making good profits
[07:09] , your target is completed. So now let me tell you how you will close this trade. For this you will get the close option below. You have to click on this. After that I will keep 100% ticked. Will keep the market selected.
[07:22] Limits etc. can be imposed here also. Isn't it ? Then you will click on confirm. As soon as you click on confirm. Your trade will be done. And your money will come here. Click on the portfolio section. So here you can see that it will be
[07:34] click on the history option. So you can see here that my fee is ₹67. And my profit here is cut to And my profit here is cut to ₹239, my profit here is ₹239.
[07:46] So I have taken a lot of trades in this manner. In which there has been a lot of loss as well as profit. So you can see it here. So now let us tell you So now let us tell you
[07:58] For this, you will click on the transfer button and put in rupees. As much as you want to transfer. Then click on Transfer to IAR Wallet. Friends, your money will
[08:14] Press the withdraw button. And your money will go to the bank which is linked to your bank. We will withdraw. Instant payment will be received. Sometimes friends, it takes time and you may have to
[08:26] wait a little, up to 72 hours here. So let's go back to simple from here. Ok. So guys, this is how you can do futures trading with the Coindix app. If you want to trade in the crypto market, then
[08:40] you can do futures trading in the crypto market by using the coin dcx app. like and subscribe to the channel. Come on friends, let's end today's video here. And we will meet you with the next new video. Till then
[08:54] with the next new video. Till then Jai Hind, Jai