Crypto Futures Trading Basics - How to Take Long/Short Trades on Bitget

[00:00] Hello everyone, welcome to today's video. The crypto market is super bullish. All- time highs are being broken. But there's one thing missing in the market: good content. A lot of new people are entering the market now.

[00:13] enter the spot market and gradually graduate to futures, but there's not much futures content in the market. Where you start from the basics, what things you should avoid is either at the medium level or at the advanced level. So, I

[00:26] thought, let's make a video in which this will be I'll tell you the basics: how to create support and resistance, and what mistakes a person makes in futures initially, and they will lose because of them.

[00:40] You will avoid those mistakes because I made those mistakes and lost a lot of money. I've already paid my college fees, so video is sponsored by BitGate, whose platform is owned by BitGate. I'll

[00:53] show you futures on their platform itself. It's the same on almost all platforms. If you use any other platform, it will work if you want to use BitGet, you'll find the link in the description. Let's find the link in the description. Let's start today's

[01:10] different options. Spot trading is an option. Futures trading is trading, extra trading. So what are all these things? You get to see these options on not just BitGet and exchanges as well. So there are different kinds of

[01:24] trading: spot and futures derivatives. The main difference is that you are given leverage in futures compared to spot trading. Now we'll First of all, what is spot trading? So,

[01:36] spot is basically buying or selling. Meaning, you buy one Bitcoin and you get one Bitcoin. You withdraw that Bitcoin. So that's Maximum people are already doing it. Now when it comes to futures trading,

[01:51] what is futures trading? In futures trading, basically, you trade contracts. Contracts for what? So, basically, let's say I think Bitcoin will break out from here and go up from here. Right, I have $600, but here I am very

[02:06] convinced that the market will boom from here because the same thing happened last time. The market broke out and boomed from here last time too. So, market can boom. So what will I do? I will borrow from the market and say, "

[02:20] Brother, give me a $600 collateral and give me $ 60,000 because I want to buy a whole Bitcoin here to ride this wave." Okay, so how much will you multiply $0,000 to get $60,000? If you multiply by 10, that is

[02:36] 10x leverage. Okay, this is how leverage works. But now you will think about it. works. But now you will think about it. Why would someone give me $60,000 for $600? Right? There's a catch. That catch is that if you've taken 10x leverage, then

[02:51] if the market goes up at 1, you'll make a 100% profit. And if the market goes down at 1, you'll lose 10%. It's simple enough, but if the market goes down at 10,

[03:03] you'll incur a 100% loss. Your entire $600 will be liquidated. Your contract will be over. So this is how futures trading works. Now, let me futures trading works. Now, let me

[03:18] What is an isolated? These are very important concepts. How much leverage should short? What is an open? resistance? How to measure volume? We'll cover all of this.

[03:32] Before that, let's talk about BitGut. BitGut is the world's fourth largest market. The exchange has been operating for quite some time, and there are many pairs available. many contracts available, so you get a large variety of pairs

[03:45] to trade. Apart from this, there are Coin M futures and USDC M futures, which means you can trade futures through coins, you can also trade USDC ones, and then there are patches, etc., all available here. They have even more pairs in spot compared to futures.

[03:57] some time to appear on Indian exchanges. So, I smart decision. Because a bull market will come and many new coins will be released, launch first on which exchange. So, it is better to have an exchange setup

[04:14] Apart from this, the biggest problem UPI is not supported, so they have UPI integration here. They have provided the option of depositing

[04:26] through OnRamp. They integrate UPI, which means you will pay with this PI and you will receive USDT. Apart from this, they also have PiP, but their PiP is slightly different from Binance Patp. What happens in Binance Patp is that they do PiP for profit,

[04:39] is slightly different because they do not do it for profit, so the number of people who will sell or lose is minimized here. Now, for how to deposit through OnRamp, link, which I will put in the description, you can do it from there.

[04:55] things that we need to look at before choosing an exchange: exchange been around, what was its condition in the bear market, did it grow or not, so the Bid Group currently has 1500 plus employees, they have doubled their market share in the

[05:09] bear market, currently their The daily 24-hour trading volume is $10 billion. 600+ coins are available on their platform. So, this strong exchange has some for a centralized exchange to trade futures and buy in spot, do copy

[05:22] I'll put the link to this below. Now, let's talk about what they do next in futures. order book that shows you orders, or market trades. It

[05:35] buying orders, as you can see, are placed here, with 235 bitcoin buy This area does n't usually have any special meaning because these things can be manipulated. But it gives you a rough idea of

[05:49] where there's good strong support and where we might see a strong upside. So, now here. First, you need to learn how to create support and resistance. Before that, let's look at this console. Cross versus Isolated

[06:01] means that, suppose you put $11,000 into your futures account and take a trade in Cross, it uses the entire $1,000 liquidity here. This means that even after a 100% loss, if you only lose $200,

[06:14] you still have margin. Your liquidation price will automatically adjust. This helps You might say that this is great and you wo n't be liquidated. But there's a catch. If you have multiple trades opened, all of them are in Cross, and only

[06:28] one gets liquidated in the market. This means that even if there is a liquidation opportunity far away, if it All your trades will be lost here. All your trades will be liquidated. Cross carries this risk because you use the entire account simultaneously

[06:42] in every trade. If you want to avoid this, brother. Suppose the coin suddenly dumps and your entire position is liquidated. If this does n't happen, then you should open an isolated trade. What happens in an isolated trade is that if you have $100 out of 1000,

[07:00] Personally, I would suggest for beginners to stay isolated. After this, we come to leverage. Leverage is available here up to 125x. 125x

[07:12] means that if it goes up to 1, you will make a profit of 125, which looks very nice. market will be liquidated. So, from 1x to 125x is available. For beginners, I would suggest that

[07:24] you stay below 4x leverage. Do n't trade by looking at others. Trade at your own pace. I think you should stay with low leverage. Start slowly and learn slowly. After this, it depends on what percentage of your current margin account you want to use. Buy

[07:38] that it is bullish, your betting that the market will go up. Buy short, sell short means that it is bearish, which means that the market will go down. Okay, you understood both things here. I will only explain the meaning of support and resistance because that is the most important thing:

[07:52] how to create accurate support and resistance. So, we will switch to one-week here. So, what you have to look at in weekly is support and resistance first because the longer the time frame, the stronger the support or resistance. So,

[08:04] first of all, we look at weekly, so here we can create resistance. You resistance. What does resistance mean that from here the chances of the market price going down are higher. After this, we create support.

[08:17] We see the area of ​​support in this area. First of all, after this we zoom in a little clear. So, we come to one-day, there we will start seeing a slightly different structure. And here But we will start seeing more movement. So the one-week

[08:30] resistance is stronger than the one-day resistance because the larger the time what is there in one-day? Let's go a little more recently. And here we plan for one-day things. If we plan for one-day, then this is the support for us. From here, you

[08:44] went up from here, the market crashed, but it bounced from here. So, support helps you in identifying this in this way. Now here we can see that this is weekly support, right? You can also do this through daily support, but I will keep weekly here. Right now,

[08:58] because the tutorial ends here. Now we have a range established. So what is there in the range? Support above, support below, support above, resistance. So, normally the price will go down from the resistance. Normally the price will bounce from the support.

[09:11] Unless this support resistance gets broken. If you have shorted here, but this area gets broken, then you know that the market can If the price doesn't turn bullish, I cut my short. Similarly, if you're long here

[09:25] and the market breaks below it, then you can cut your long quickly. Support and resistance help you judge this. Usually, a bounce occurs from support, and usually, a rejection occurs from resistance, meaning the

[09:37] price falls. Usually, the important term here is: it can go up, it can also go down. Blue probability helps you figure it out. That is it. So, that was your lesson number one on how to start futures trading.

[09:52] Support and resistance are most important. First, you should learn from the console. Practice with low leverage. Practice with low margin. To get used to futures, 20x, 30x, 40x look great in screenshots, but they're all scams.

[10:05] Any reasonable person who does n't sit at a computer all day does n't use 30x or 40x leverage. Traders are different. Those are called breakout trading. Please do n't start with that. Start with 23x. Now you will say, "Dude, I'm not making any profit at 23x." In a

[10:18] video series in August, we demonstrated a 6x portfolio in eight months. So, first, try to replicate that. Then, go for high margins and high leverage. Because futures are very much like an addiction, a gamble.

[10:32] And if you don't go into it with a clear mind and without panicking, you will definitely lose money 100% of the time. But it is also very rewarding because you have the is also very rewarding because you have the

[10:47] It's a double-edged sword. Thank you for watching. Go check out BitGet and thank you for spinning this video. Hash to Cash and the same Cash to Hash. I want a strong one. I don't remember last night and yesterday.

[11:04] I don't remember last night and yesterday. All reached hell