Here are Some Tips for Trading Futures👇

1. Maintain Discipline: Adhere strictly to your trading plan to avoid impulsive actions that may result in losses.

2. Account for Funding Rates: Comprehend the role of funding rates in futures trading and integrate them into your strategy.

3. Leverage Cautiously: Use leverage judiciously to minimize risk and avoid potential liquidation.

4. Observe Order Books: Monitor order books to detect support and resistance levels and predict price movements.

5. Analyze Timeframes: Review multiple timeframes (such as hourly, daily, and weekly) to validate trends and strategize your entry and exit points.

6. Ensure Security: Secure your Binance account with strong passwords and two-factor authentication.

7. Grasp Funding Mechanisms: Understand the functioning of funding mechanisms in perpetual futures contracts and their effects.

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