What is Crypto futures trading?
Before we go into What is Binance futures? we need to learn about the crypto futures definition. Crypto futures trading is a type of investment in which traders trade on the price movement of cryptocurrencies such as Bitcoin or Cardano, without actually owning the real asset like spot trading.
Futures contracts are agreements to buy or sell a specified asset at a predetermined price at a future date. It’s too risky for beginners but has great benefits of trading crypto futures. Monthly I am generating 15% gains by doing futures trading.
In crypto futures trading, traders can either take a long (buy) or short (sell) position, allowing for the possibility of profit. In crypto futures trading, traders can earn money from both sides of the market either it’s going down or either it’s going up.
There are a lot of exchange platforms that provide futures trading services. But in this blog post, you will learn how to start crypto futures at the Binance exchange platform.
What is Binance futures?
This exchange platform is a cryptocurrency futures trading platform offered by Binance, a leading global cryptocurrency exchange. They have 28 million active users. It allows traders to speculate on the price movements of the most popular cryptocurrencies by trading futures contracts.
Trillions of dollars daily are traded on the cryptocurrency markets. You can also make money by trading Binance futures. I made 97% profits in just 17 days by doing professional Binance futures trading.
The Binance platform offers high-leverage options like 1x to 125x. Which can magnify handsome profits but also increase the potential for losses. Binance Futures is designed for professional traders who understand the market movements and risks involved in futures trading.
It’s very easy to start trading with Binance futures. If you are a beginner I recommend please learn Technical and Fundamental analysis of crypto markets. If you want to learn technical analysis in very easy steps with a profitable crypto trading strategy, then learn more HERE.
5 reasons to start trading Binance futures
- High Leverage: Binance Futures offers up to 125x leverage, which means if you have low capital you can start trading with future contacts by having a leverage feature. With this feature, you can start even with 5 dollar
- Wide Range of Cryptos: Binance exchange supports 500+ cryptocurrencies, Traders have access to a large portion of crypto futures in this exchange, so you will never be worried about the lack of crypto futures pairs in the exchange platform.
- Liquidity: Binance is one of the largest cryptocurrency exchanges in the world. Binance crypto exchange provides traders with high liquidity and low spreads. Making your trade easier to enter and exit trades. This exchange platform doesn’t allow manipulation in their charts.
- Pro Trading Tools: Binance provides advanced trading tools and charts to help traders make informed decisions and analyze market trends. They partnered with Tradingview to give smooth and good trading experiences to crypto traders.
- 24/7 Trading: This exchange platform operates 24/7, This exchange platform provides traders with the flexibility to trade whenever they want, without being restricted by market hours. You can trade whenever you want or whenever you have the opportunity in the market.
- Binance futures trading fees: This exchange offers competitive trading fees, making it cost-effective for traders to trade frequently and profitably. They have fees but if you have great knowledge of trading crypto futures markets you can make it less by generating profits from the crypto market.
make your first trade with Binance futures In a few steps
In this infographic guide, I will try to provide you simplest steps to start futures trading with Binance exchange. It involves risk so please don’t try without crypto trading strategies.
In conclusion, trading on Binance Futures is a great opportunity for traders to potentially earn high returns in a short period of time. It also involves higher risk compared to spot trading. To be successful in trading, it is important to understand the basics of crypto trading, be familiar with the various types of future contracts available on Binance, and have a well-thought-out trading strategy.
A great trading strategy will give you consistent daily gains in futures trading.
Stay focused and manage your risk effectively, by setting stop losses and tracking the markets on daily basis. With the right tools and crypto strategies in place, you can become a successful trader on this Binance exchange. If you have any questions let me know in the comment section.