📊 Futures are a powerful tool for trading cryptocurrencies that allows you to profit from both rising and falling prices. In this guide, we will go through how to start trading futures on Binance step by step.
1. What are futures?
📊 A futures contract is an agreement to buy or sell an asset (e.g., Bitcoin) in the future at a fixed price. On Binance, you can trade cryptocurrency futures without needing to own the underlying asset.
Long (long position): Expecting the price to rise.
Short (short position): Expecting the price to fall.
Leverage: Increases the size of your position (for example, 10x means you are trading an amount 10 times greater than your deposit).
2. Preparing for trading
2.1. Registering on Binance
Sign up on Binance.
Complete identity verification (KYC).
2.2. Transferring funds to the futures account
1. Log in to your Binance account.
2. Click "Wallet" → "Futures".
3. Transfer funds from your main account to the futures account.
3. Binance Futures Interface
On the Binance Futures platform, you will see:
Chart: Shows price movement.
Order book: List of buy and sell offers.
Order control panel: Here you create and manage your trades.
Main features of the interface:
Order type:
Limit: Set your buy/sell price.
Market: The trade is executed at the current price.
Stop-Loss/Take-Profit: Automatic position closure when the specified price level is reached.
Leverage: Choose a leverage size from 1x to 125x.
4. Opening a trade
Example: Opening a long position
1. Choose a cryptocurrency (e.g., BTCUSDT).
2. Set leverage (e.g., 10x).
3. Set the order:
Market: Enter the amount in USDT and click "Buy/Long".
Limit: Specify your desired price and amount, then click "Buy/Long".
4. Monitor your position in the "Open Orders" section.
5. Risk management
5.1. Setting Stop-Loss and Take-Profit
Stop-Loss: Indicates the price at which the trade will close to minimize losses.
Take-Profit: Indicates the price for automatic profit realization.
5.2. Position size
It is recommended not to risk more than 1–2% of your capital in a single trade.
6. Closing the trade
Click "Close Position" on the control panel.
Choose a closing method: market or limit.
7. Tips for beginners
Start with a small leverage (2x–5x).
Use a demo account to practice.
Learn the basics of technical analysis (charts, indicators).
Always set a Stop-Loss to minimize losses.
8. Advantages and risks of futures trading
Advantages:
Opportunity to profit from a market decline.
Increase potential profits using leverage.
Risks:
High volatility of cryptocurrencies can lead to significant losses.
Increased risk when using high leverage.
9. Conclusion
Futures trading on Binance is a powerful tool that opens up many opportunities, but requires understanding and discipline. Follow the
steps outlined, start with small amounts and keep learning.
If you have any questions, refer to Binance Academy or support. Successful trading!