How to become a 'profitable trader' in future trading
Today I will share an amazing strategy on how to create a trading plan and everything related to it.👇
To become a profitable trader in futures trading, a combination of knowledge, discipline, risk management, and constant practice is required. I will explain this in simple terms with practical steps and examples.
1️⃣. Understand the basics of futures trading
What is it?
Futures trading involves contracts to buy or sell an asset (for example, Bitcoin, Ethereum, or stocks) in the future at a fixed price. You can bet on whether the price will go up (long position) or down (short position).
Example:
If you believe that the price of Bitcoin will rise from $60,000 to $62,000, you take a long position. If Bitcoin reaches $62,000, you will profit from the price difference. If it drops, you will lose.
2️⃣. Learn how leverage works (carefully!)
Leverage allows you to trade with more money than you have. But more leverage = more risk.
Example:
If you are trading with $100 using 10x leverage, you control a position worth $1,000.
