Binance Futures from Phone for Beginners in Simple Terms

[00:02] futures trading on a mobile device before we start trading futures. We need to go to the wallet transfer menu, wallet transfer menu, select a transfer from a pot wallet to

[00:14] futures. Futures come in two different types. The first is the classic stable coin, which is used for growth. You will trade coins against stable coins. There are also futures. Coin M is an inverse trade, which is used for trading against other coins. That is, you

[00:30] will not be trading stablecoins, but altcoins and bitcoins. We need classic futures, the USDC M. Select the desired stable coin to trade, click on the amount we trade, click on the amount we want to transfer,

[00:45] If you have never used futures before, you will have a passing test to use the maximum leverage. The maximum leverage on Binance is 125. You will need to take a short test. You will need to

[00:57] click "pass test." The questions will be quite easy. If you don't you just need to enter the necessary answers. The test will be passed. After you have determined the test, you will have a

[01:10] leverage of 125. If you do not pass the test, the leverage will be a maximum of 50, again depending on whether you need it or not. That is, I do not advise you to trade higher than 50 leverage. If you do not have a large background behind you, start

[01:25] gradually increasing your risks of the smallest keys. So, let's move on to trading on a futures account. Let's get acquainted with the menu. In the upper left corner, we have the pair that we are trading. We will need to select the

[01:40] now. Let's stay on Bitcoin to demonstrate how it all works. Just below, we have the leverage button. Credit leverage. By clicking on it, we see that in total, we have 125 leverage from

[01:55] the first, that is, the classic 1. This will be your amount up to 125 leverage. For example, if we take the tenth leverage with you and we have, say, 10 dollars, if we enter into a deal with you, then instead of the 10 dollars that we invest, we will have

[02:08] 100 dollars. That is, it is multiplied by 10, thereby Your earnings are also multiplied, meaning you will earn based on the multiplied leverage. That is, if you have 10 dollars, you will earn as if it were 100 dollars. If you

[02:23] you will earn as if 1000 dollars. But the higher the leverage, the greater the risk of liquidation appears. Risks of liquidation appear if you go, for example, with Bitcoin. You can earn, for example, your 10 dollars there. Yes, if

[02:37] certain value called liquidation, then your transaction may be completely liquidated. The transaction itself may be completely liquidated, or your entire deposit may be liquidated. It depends on what kind of margin you are trading on. So, there

[02:52] is cross margin and isolated margin. Cross margin is when your entire deposit is involved. That is, if you enter with 10 dollars and you have 100 dollars left in reserve, if you leave before your liquidation value,

[03:04] you have spare money on deposit, with the help of which you will not be liquidated, and it will simply be slowly pulled out of your total deposit, thereby you can survive some kind of drawdown. Well, and those This will increase your risks. You

[03:16] can lose your entire deposit. If you turn off isolated margin, then after that, when you enter a trade for 10 dollars, you can lose a maximum of your 10 dollars. That is, your entire deposit will not be involved. Let

[03:30] 's choose isolated margin, choose the tenth leverage, for example, I will also say about commissions. If you choose to increase leverage, that is, if it is 10 leverage, then you will pay a commission from 100 dollars and not from 10, that is, multiply by

[03:44] 10. Many people when they start using futures start trading ask: Why did I enter a trade there with 50 leverage? Yes, it closed at zero, and in the end I have -2 dollars there because the commission is taken not from your money with which you

[03:57] enter from increased by x50. If you enter with 50 leverage, therefore, be commission. Let's open the first trade together and try how it works again. We chose isolated margin, 10 leverage. What is

[04:11] trading, because You can trade short. That is, you can enter into a trade in the other direction. Let's open a Long position. There are two types of orders, just like in spot trading: a market order and a limit order. A market order is when

[04:27] you open here now at a certain price on the market, for which you usually pay a higher commission. If you choose a limit order, this is a pre- planned limit order that will be for a certain amount. That is, I

[04:40] want to open my deal if Bitcoin is exactly 16,800. You open a standby mode. When the desired price is reached, your order opens and you will pay a lower commission because limit orders take a lower commission from the

[04:54] exchange itself. So, after we have selected a the amount of USD for which we want to open this USD for which we want to open this deal. In this field, we enter the amount with

[05:08] open a deal for 10 dollars and you have chosen the tenth leverage, you need to write 100, not 10 dollars for which you want to enter, namely 100 thus If it says 100, you will open

[05:22] your deal for 10 dollars with the tenth key If you multiply the number of your leverages, let's say you make 20, then you need to enter 200 here, that is, multiplied by 20 leverage Let's try to open 20 leverage After that, you have

[05:37] the opportunity to set a take profit below immediately in order to predict your deal in advance, you include the Bitcoin price you need And after this, your orders will close Take profit You can also set a stop loss immediately

[05:51] if you want to avoid liquidation, for example, immediately close in advance But this is done to the extent that if you understand how good a background you have behind you, do you understand what I'm talking about if you are a trader Well, since you are

[06:03] watching this video, then most likely you have no experience behind you, so you need to loss and you can do all this in advance when you are just opening a deal, they are already during the deal until we do this with you, we will continue right away So

[06:18] After we have entered the number 200 we understand that we are entering 10 isolated walruses, we press the buy button

[06:31] are buying at what price to confirm, then at the bottom in the right menu you have positions written, click on the positions and scroll down below, your transaction is shown here first in the upper left corner the pair you are trading is shown on the right

[06:45] the margin and leverage with which you are trading is shown further below the unrealized pnl is shown this is the same earnings or minus that you will have earnings or minus that you will have while we have plus 0.03 dollars if you have

[06:58] jump here you will constantly see plus or minus and of course, the more leverage, the more costs more than once I tell you so start with small leverage try to

[07:14] confident that you will close the deals in plus, you will not have liquidation How liquidation works I have already talked about the commission, that as your leverage increases, the commission increases That is, you paid a commission from 10

[07:27] dollars, this is a finished trade, then on In futures, you pay multiplied by your leverage. That is, you will pay a commission x20 and enter only with that if you close at zero, you will in any case be in a losing trade.

[07:42] So, in the lower right corner, the liquidation price is written. The liquidation price is the amount of Bitcoin if your transaction reaches this amount. That is, if Bitcoin drops to 16 thousand 057 dollars, then your position will be liquidated. That

[07:57] is, you and I entered with 10 dollars, we will decide on 10 dollars. If you had margin trading, you could go lower than 16 thousand, that is, let's say even lower, and you would gradually withdraw from your deposit

[08:10] an amount of money equivalent to your leverage. Depending on lose the entire deposit, let's say, if Bitcoin, for example, went to 14,000, than

[08:22] use isolation, as we do, you will only lose your transaction, that is, if This will be a cross margin, then you can lose your entire deposit. If you are not a skilled I advise you not to use cross margin because, well,

[08:38] the fact that your deposit will be gradually withdrawn. But if you are not sure that the coin will turn around and go up, then there is a high probability that you will lose your deposit. Almost all traders lose all their funds on this mistake. I will

[08:50] tell you this is the main mistake. So, on the left is the entry price, the price at which we entered. And in the middle is the marking price of 16,833. Now dollars. It turns out that regarding the liquidation price, I will also tell you how it is

[09:06] calculated. Liquidation depends on your leverage. If this is the second leverage, then you can immediately calculate by dividing by 2. That is, if Bitcoin goes down 50 percent, then you experience liquidation. This is the second

[09:21] leverage. If you have the third leverage enabled, then there are more risks. If Bitcoin goes down 33 percent, then you experience liquidation. If the fourth leverage goes down 25 percent, that is. How To calculate your liquidation correctly, you need to

[09:36] divide 100% by leverage. That is, if you use 100% leverage, allocate 100% to 100% leverage and you get 1%, that is, if you use 100% leverage, if Bitcoin goes down by 1%, you

[09:48] get liquidation. Nothing difficult. Simple math. So now let's close our deal. To close the deal, we need to click close position in the lower right corner. You can also select the amount you want. You can

[10:01] close like this: move the slider 25%, 50%, 75%, it's not once. You can close in parts, this is convenient for some. You can also close the Market, this means closing immediately. Here, you can now close with limit

[10:15] orders. That is, you can click limit, click a specific price that you reach approximately $17,000, and after that, your pending limit order will close there. You can place 4 limit orders, say, for 25%

[10:29] limit orders, say, for 25% at 17,000 each. If we enter yes here, for this we need to write 25% here. Let's say price by 25 percent, place a limit order again, and so on. So, let's close

[10:42] our trade completely. Confirm your trade. To see your trade, how much you earned or lost, you need to click the button on the right. There will be order histories, a trading history where you can see the full

[10:56] commission and your earnings or losses in total. I want to give you advice: don't use high leverage. If you're not a skilled user, all traders who start their journey with futures lose their deposits. This is

[11:10] just practice. There isn't a single trader who hasn't lost their first deposits. I use futures. Start with sweat trading. Try how everything works. Understand what the exact strategy is. What do you have? How do you trade with what,

[11:23] even if it's intuition, do you trade with the help of intuition? You must understand the market and you will ultimately lose your deposits on futures. If you're already experienced. If you were just trading with a sweat account and decided to switch to futures, then please go ahead and

[11:37] increase it. Your leverage gradually, you don't need to immediately switch to 100% leverage. Try small leverage. But remember that in trading, the most important thing is a cool head and greed is inappropriate here. Don't be greedy,

[11:52] close your trades in the pros and increase leverage based on your strategy. They just enter all deposits on the 100th key and then lose it. Be friendly with your head. If you want to free up your time, don't

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