How to Trade Binance Futures: A Beginner's Guide

[00:05] futures, is it even worth trading there, where to even start. Now I'll show you a short video so that you understand this is not a call to trade futures, this is to ensure that you do not lose money there, because basically, everyone

[00:21] I know loses money when they first go to futures, most often 2, 3, 4, 5, 1, they lose there, they drain their deposits and only after a long time, when they have already lost a lot, they begin to earn something, so be extremely

[00:36] careful, put there only the amount you are ready to lose, otherwise you can simply be left with nothing. To switch to futures, we click on derivatives futures and

[00:48] after which you will have some tips here, you can read them. It will be useful in any case. After you go to futures, you must transfer money from the 100 wallet, you will have 0 available here, you click on these two arrows,

[01:01] choose how much you want to transfer, indicate the amount and click confirm, they appear on your balance, after which you You need to choose the settings for how you will trade. There are large options here: isolated and cross-margin. You

[01:15] can read about this here, but in short, I'll say that cross-margin uses your entire deposit as collateral. So, for example, if you have $100,000 here, you bought Bitcoin at $55,000, and then traded for $2,000, then the

[01:31] broker will return your entire $100,000 if you used high leverage. For example, if you use isolated leverage here, only the amount you open a trade with can be liquidated. No one will take more than this amount from you.

[01:45] always recommend using isolated margin. Here, we choose isolated margin. Here, we choose leverage of x10, and we can choose from x1 to x50. Of course, to start, I advise you to try at least x1. You can bet x3. You can

[02:01] bet x5 because x10 is 10 percent of the movement, and your amount is not available. Let's use this example, etc. If you open it at this value, here is 10 percent. If you bought it now at 4150, it fell on date 729, then your position

[02:17] will be liquidated. All your money goes to the exchange. Actually, this is the trading on futures. On spot, you buy coins. On futures, you buy contracts, that is, you do not actually own the coins. You simply

[02:31] buy a contract to buy or sell a coin. Therefore, be extremely careful before trading here for large amounts. After that, we can choose a limit order. A market stop limit on futures should never

[02:44] be used. Firstly, it collects a large commission. Secondly, it will sell you coins at the most favorable price for the exchange. If, for example, you enter at the moment and see that the Seppi is in the range of

[02:58] see that the Seppi is in the range of 4160, then of course, it would be profitable for you to try to buy it a little lower. You place a limit order, let's say you place a limit order, let's say you see that you want to buy it at 4130. You

[03:10] see that you want to buy it at 4130. You place 4130 and choose the quantity you want to buy. Here you will have Show the number of coins and here you will see the dollar value. For example, you selected the quantity

[03:22] you want to buy and click buy, after which the order will be sent. We can look at open orders. Here it is and the chain buy 4130. If we want to

[03:34] remove it, we see that it went higher, then we can cancel it. I always advise entering with several orders. For example, you see that now the price is 41.57. You can try to put 41.55, for example, or 56 and

[03:50] for example, or 56 and click buy. You bought a part of it. For example, you took 20 percent of your position, which you are going to buy. After that, you place a buy order below at 4130. Set more

[04:04] than you bought the first time. So, if you now took the price and it went lower, you bought the position again, twice as much as you took the first time, since you bought the first time at 20 percent, then accordingly, your average entry price

[04:18] will be lower. We can also set a stop on an open position or immediately set it as profit and stop loss. Of course, it will be profitable when you set it in advance, but the music or Coins of measures, here we look at essepi, click here and

[04:36] here we set take profit and stop loss, we look at what price, for example, we want to sell and at what price we can set a stop here we select our take profit, for example, we just bought at 40-145, we select

[04:53] 44 dollars and see how much we are approximately earning and we also set a stop loss, we look on the chart where we are approximately going to close, there is a threat if the deal

[05:06] are approximately going to close, there is a threat if the deal goes against us, loss after you have taken a position, here you are told why you took the size of the

[05:18] position, the entry price, the marking price, plus or minus what the current price is, the liquidation price is also written here if we see that we took 52 dollars, then when the price reaches 37-69, our exchange will be liquidated, that is,

[05:35] we lose 52 dollars, therefore we always limit our losses with stop losses in advance, either setting them or after you have already taken a position, I also advise after the price moves well away from your purchase point, moving the stop

[05:48] loss to Breakeven, that is, we cancel this order, look at why we set a stop loss of 41 45 on the move at 41 45, and here we see that our losses will be zero, click

[06:00] confirm and close. At this point, it turned out that I entered and there was just a spill after which I took a position and now it is successfully going up, but most often you enter and enter approximately at this

[06:13] moment, you can enter, let's say the price will be somewhere here or somewhere here, so you never need to take current ones, look at the chart, you can also go to trading, look at the chart, imagine

[06:28] plus or minus, those may be profitable for you to take a position at what price will it be profitable for you to select and it is always better to place a limit order on the PC q lower than the current price because some time will pass, your limit

[06:41] order will be executed and you will buy at a better price than if you bought from current ones and sat and waited until your minus passes. If you want to short, then you do everything the same, only click sell short, open a

[06:56] position, your order is sent and here we will see that we have the same It's only paid when it goes short. It's best to use 1x leverage for short trading to practice, since shorting is even more dangerous than long trading. Always

[07:11] limit your losses with a stop loss. Since we're currently in an uptrend, I don't recommend shorting. Especially if you're a beginner, it's best to trade only long, and even better, only on spot. On spot, you

[07:24] can sit out some drawdown, but on futures, you'll simply be liquidated, or you'll exit on a stop loss and lose money. Also, to avoid other coins interfering, there's a checkbox to hide other tickers, and we can

[07:37] switch from coin to coin here. Also, on penalties, there's a neat trading view chart. It also shows why you took them and where you set your stop loss. If we switch to it, we see what we bought here, where the green line is

[07:53] bought here, where the green line is at the moment. Our $10 penny is here, and we make a profit. Here we have a take profit, and here we have a stop loss. Trading on a phone is no different, everything

[08:09] looks exactly the same. The only thing is that you can't see the graph properly. I hope this video was useful for you, so subscribe and like it. I'll try to make more useful videos for you more often. I wish everyone good

[08:22] more useful videos for you more often. I wish everyone good earnings and good luck to everyone. Bye.