Hello readers,
If the market goes up, the value of our crypto will definitely go up, but if it goes down, can the value go up too?
The answer is yes, you can do this by using one of Binance's trading features, namely futures. If we feel that the market will go down in the future, we can just place a short/sale in the future, we can make a profit. So our assets will increase.
Tutorial trading futures di binance
1. Transfer usdt assets to USD©-M futures wallet
2. Enter futures trading
3. Choose the token or crypto we will use
4. Choose buy/long if you feel the market will rise or choose short/sale if you feel the market will fall
5. Select margin mode (isolated / cross)
6. Choose leverage
7. Enter the nominal amount according to the assets we have
8. Click buy/long or short/sale
Hey, but don't just choose, there are ways to avoid losses, let alone getting a liquidation call love letter from Binance.
Here are a few tips to reduce losses when trading futures
1. Use a small margin
I recommend using a margin in the range of 5% -10% for future trading, a large margin will make the risk greater.
2. Use small leverage
I recommend using a lev between 10x-20x of course if you are sure you can take a larger lev, but it's better to be in the safe zone.
3. Don't be too greedy
The fluctuating situation of crypto prices makes us wary when placing a position in the future, therefore I suggest that if the profit is sufficient (around 50% or more) we should stop taking profits or take profit. We can use the take profit feature at the price we want.
4. Place a cut lose when you are in the wrong position
It is undeniable that we can also make wrong market predictions in the future, if our losses have reached 100% margin, we should cut losses to avoid liquidation.
5. Read the opportunity
Usually certain tokens will rise when there are updates such as network upgrades, listings and token burning, and will fall if there are issues such as the developer running away, token unlocking, etc.
Warning!!!
Playing futures trading should not use hot money, such as food money, money from pawning goods, children's school money, let alone loan money, because at worst you will lose all the assets traded in this feature, so it is hoped that readers will be wise enough to use this feature, DYOR !!!