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Beginner’s Guide to Binance Futures Trading – Tips I Wish I Knew Earlier

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Cryptocoins Exchanges / Binance 78 Views

When you’re new to Binance Futures, listed here are some classes I learnt the exhausting method which may prevent money and stress:

  1. Keep away from overleveraging – Small worth strikes can wipe out giant positions. For BTC, maintain it beneath 20x, for different coins underneath 10x, and for small-cap cash, even lower (5x or less).

  2. Danger administration is the whole lot – Only danger 1–5% of your account per trade. At 5% danger, you would survive 20 straight losses; at 1% danger, you may survive 100, which retains you within the recreation for the long run.

  3. All the time use a stop loss – Know your liquidation worth before getting into any position.

  4. Start with isolated margin – Cross margin hyperlinks all positions, so volatility in one can drain your entire pockets.

  5. Want maker orders – Using “Submit Solely” restrict orders helps you pay lower charges and avoid unnecessary market orders.

  6. Hold a commerce journal – Evaluate your trades and modify your strategy. Capital preservation beats hero trades.

In the event you’re just beginning and need to attempt Binance Futures, you possibly can verify their official rewards program, it at present gives bonuses for brand spanking new users who enroll and deposit inside the first 14 days. You'll be able to seek advice from it here.

That is for Futures Binance referral code 2025, you'll get 100 USD bonus.

submitted by /u/LeadingSuccessful912
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