Crypto futures trading is a type of trading where traders enter into a contract to buy or sell a cryptocurrency at a specific price on a predetermined future date. This can be done on a cryptocurrency exchange or specialized futures trading platforms.

Some positive points of crypto futures trading include:

1. Potential for profit: Futures trading can provide the potential for profit if traders can correctly predict the price movements of cryptocurrencies.

2. Leverage: Futures contracts often require only a small percentage of the total contract value as collateral, which means traders can leverage their positions and potentially increase their profits.

3. Diversification: Futures trading can be a way for traders to diversify their investment portfolios. By trading futures contracts, traders can gain exposure to different cryptocurrencies and potentially reduce their overall risk.

4. Transparency: Futures trading can provide greater transparency and price discovery for the underlying cryptocurrency. This is because futures contracts are based on an underlying asset and are traded in a regulated environment, which can provide more accurate pricing information.

Some negative points of crypto futures trading include:

1. High risk: Futures trading can be highly risky due to the volatile nature of cryptocurrencies. Traders can lose more than their initial investment if they do not manage their positions correctly.

2. Complexity: Futures trading can be complex, and traders need to have a good understanding of the market and the trading strategies used in futures trading.

3. Potential for manipulation: Futures trading can be subject to market manipulation, and traders need to be aware of the risks associated with this.

4. High fees: Futures trading can be associated with high fees, including trading fees, margin fees, and settlement fees, which can reduce potential profits.

Overall, crypto futures trading can provide potential opportunities for profit, diversification, and price discovery, but it is also highly risky and complex, and traders need to have a good understanding of the market and the associated risks before engaging in futures trading.

#Binance #BTC #crypto2023 #BNB #futurestrading

I don't care if you are a novice or an expert trader, what matters most is the decisions you take. Profit making is good mates😭😂

I remember the tears of joy when I saw my Binance wallet increasing in value with multiple Xs been made. It was the wildest point in my life and my love for crypto became even stronger.

Damn!!! 😂

Have you ever printed like mad before? I mean making money that is supposed to be your 2years income in the 9 to 5 job you just left or currently doing?

It's the greatest feelings mate, there's nothing sweeter.

Haaaa!!! Imagine the thoughts that would be running through your mind;

1. I can now make my family and friends proud😂

2. I can now get that dream house and cars

3. I can now give my kids a good life.

Well these and many more were it for me. This is why I'll always be grateful to God for everything so far.

Long story short, here's the coin for today;

Luna:

This coin was really mad guys 😂. I mean it was a crazy one. This coin was so crazy that it got delisted and relisted same day on Binance 😭😂....

Those who were on the right sides were milking and printing seriously 😂...

It was so so unbelievable!!!

Despite the fact that I really do feel sad for those that lost a lot too, I still feel there's room to talk about the other side of the trades.

The profits came from #futurestrading mostly, as most traders began taking shorts 😭😂. As it was dipping, people were shorting.

The only sad part was not going all in from the very beginning. It would have been the greatest legal heist ever😭😂.

But seriously, that day was full of mixed feelings as some people and influencers told their followers to buy the Luna dip at $10 and even $1.

Those who bought lost greatly, they didn't know futures was the way. Till today, most people have refused to declare the full profits they made. But deep down, I know users printed.

I'll be sharing more #crypto2023 stories soon...🗞️

I'll love to hear about your experience that day...👇

Did you make profits too?📈📉

Did you lose?😞

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Cheers 🥂

Disclaimer:

Please note we also made losses too on other days but this day was different in a way.

Also note that, this post represents our personal experiences and for #educational purposes only. This post is not a financial advice and please always do your own research before Investing in any crypto currency 🙏

Finally, we do not support #luna or #lunc crash or are we affiliated with them in any way. This post is just a personal experience only.