Video EuOGvwLtjes

[00:02] today I'm going to do a short tutorial on how to use the Finance platform from your phone, not to buy or sell cryptocurrency, but to buy or sell cryptocurrency, but to trade cryptocurrency futures.

[00:17] First, let me share my screen. Okay, screen now. So, the first thing you need to do is download and install the

[00:31] Mined Lives app. It's a completely free app and the largest cryptocurrency trading platform in the world. If you want to download it, there's a link in the video description. If you use it and

[00:46] register, you'll get a 20% discount for me. And here, the transaction cost is less than

[00:58] transaction cost is less than 1% per transaction. So, we're 1% per transaction. So, we're here on the Finance platform, and the first thing you should know is that there are several types of wallets.

[01:14] Here at the bottom, you can see that if I tap the arrow, can see that if I tap the arrow, several types appear. Wow! We're going to go to the futures wallet and

[01:28] transfer or deposit some cryptocurrency. For this example, I'm going to make a transfer

[01:48] cryptocurrency in your wallets... We're ready to start We're ready to start trading. Go to the menu below where it says "Futures," click "Futures," and here you can see the interface. Let's

[02:05] give a quick explanation. First of all, there are two types of contracts: you can use the dollar (the "tea") or the cryptocurrency directly. In this case, we

[02:20] this case, we can trade Bitcoin can trade Bitcoin directly. Here we can see directly. Here we can see the margin type: cross,

[02:34] iso, or individual. I generally use individual to use individual to add more security. add more security. If we select cross, it means that

[02:48] If we select cross, it means that the deposit for the buy or sell order is shared; that is, ten orders can be settled by one order. On the other hand, if we select iso or individual,

[03:05] then only one order is settled, not the only one order is settled, not the other open orders. So, other open orders. So, if

[03:18] you want to increase the security of each transaction, I recommend using iso. transaction, I recommend using iso.

[03:30] Here where it says 10x, this is the leverage level. You not using too much leverage; I not using too much leverage; I generally use 5x to 10x

[03:44] leverage. Okay, but what does leverage mean? Let's give Okay, but what does leverage mean? Let's give an example. Let's say I go to a casino with $100 in my pocket, and at the entrance they tell me, "Jorge, we're going to give you

[04:00] leverage." But I ask, "What kind of leverage?" Then they say, " kind of leverage?" Then they say, " We can give you from 2x to 125x

[04:12] leverage." This means that, for example, if I arrive at the casino with $100 example, if I arrive at the casino with $100 and say, "No, I just want 10x leverage," that means my $100

[04:28] becomes $1,000, and I can bet $1,000 on any casino game. bet $1,000 on any casino game. brought to the casino, that is, those $100. But the benefit is that I

[04:44] can win much more because I have more to bet with. You have to use that leverage very carefully. Okay, continuing here, looking at the very carefully. Okay, continuing here, looking at the application interface,

[04:59] in green it says "buy." "Buy" is when we bet, believing that the price will go up, and obviously the opposite is when

[05:11] we believe the price will go down. We can make money either way. We can make money either way. So there are several ways. To open an

[05:24] So there are several ways. To open an order, you generally use the order, you generally use the limit order type, which is when you set an exact price for that buy order to be executed.

[05:38] For example, I can select the price 33,700.50 here.

[05:55] Then, in the next field, I'll write, I don't know, 50 units. buy," and a confirmation window will appear. I click "

[06:11] accept," and OK, that position, that buy order, is created because it's a price that the big game has currently reached.

[06:30] that the position has been executed, here we have the order. They tell us have the order. They tell us the amount. PNL means what we have gained or lost. It's in red, which means we have lost. They tell us the

[06:47] profit margin. They tell us the risk percentage. They tell us the risk percentage. They tell us the entry price. The mark price means the current price of Bitcoin, and the liquidation price means the minimum price

[07:03] liquidation price means the minimum price that this buy order can reach. that this buy order can reach. If it exceeds that price, that's the limit, and then we liquidate, and we lose the entire deposit.

[07:18] and we lose the entire deposit. So, this is a type of perpetual contract; it has no time limit. You can leave it open for a day, two days, leave it open for a day, two days, a year, whatever, and it's a very

[07:33] fast way to... You can earn money, but be careful. Remember to only invest what you're prepared to lose because the price of prepared to lose because the price of cryptocurrencies fluctuates a lot. This is

[07:51] you know more or less what you can do with a mining platform that can be installed on any type of cell phone. You only need internet and a little cryptocurrency. This is the fastest way to earn money from home; you

[08:08] no longer need a computer. Practically everyone can earn money from the comfort of their own home. So, if you're interested, let me know in the comments if you want to see a

[08:23] more detailed tutorial on how to use this platform from your cell phone. I've already published a video tutorial on how to use Bing

[08:36] tutorial on how to use Bing from a computer. Well, that's all for this video. Thanks for watching. Remember to subscribe and like watching. Remember to subscribe and like if you found it useful, and see you soon!

[08:49] if you found it useful, and see you soon! [Music]