Future Trading is Easy!
Here are few important points to note, with following these steps your capital will be secured & it will increase step by step or day by day:
(1) First of all divide your Crypto investment in 2 parts, use part 1 for trading & reserve part 2 in your Funding Wallet as your bank saving, for emergency needs, you can use this part in Airdrops, (Non-locked) Staking Products & etc.
(2) In Trading don’t use High Leverage, Normal Leverage is 5x, and high Leverage is 10x, using more than 10x Leverage is dangerous to your capital & position.
(3) Always open positions with small percentage of your Future Wallet Balance, for example if you have 100 USDT in your Wallet, so open position with 5 USDT, using 5x Leverage, the total position will be 25 USDT, & the maximum positions should be 4, it means that your total position amount should not be higher than your Wallet Balance.
When you open position with small percentage it is fully in your control, for example if market goes against you (That is when you open Long position market dumps / or you open short position market pumps) you have amount to open the opposite position, or to make DCA, or to open other pairs positions, therefore it is always advised to open positions with small amount & with low leverage.
(4) When you follow above 3 points, now be patience & don’t afraid or panic from market activities, your position will must bring profit to you, just wait & leave it to reach the profit.
(5) Learn taking the profit when you got it, especially when it reaches to (15-20%), don’t leave the profit in-hand with the hope of large profit, which may be not easy to get.
(6) Increasing the capital is long term target, it can’t be achieved with one day or night, so don’t be greedy, Greed will damage your capital, instead of this you can increase your Wallet Balance with Plan, discipline or good risk management.
(7) To be a successful trader in long term always try to update your knowledge about Crypto.