BEGINNERS: SIMPLE STEPS TO TRADING FUTURES ON BINANCE..

Trading future on Binance is simple.

Example: When we want to trade things, like toys or snacks, we usually have to give something in exchange.

This is just like trading futures on Binance, but instead of trading toys or snacks, we are trading digital things called cryptocurrencies.

To trade #futures on Binance, first, we need to create an account on a website called Binance.

Then, we have to put some money into our account so that we can buy and sell these cryptocurrencies ($BTC, $ETH, $USDT).

Next, we need to decide which cryptocurrency we want to trade and how much of it we want to buy or sell.

We also need to choose if we think the price of the cryptocurrency will go up or down.

Once we make these decisions, then we can place our order on #Binance. It's like telling someone that works at Binance what we want to do.

After some time, if the price of the cryptocurrency goes in the direction that we predicted (if it goes up when we thought it would go up or goes down when we thought it would go down), then Binance will give us more money than what we originally put in.

But if the price goes in the opposite direction (goes down when we thought it would go up or goes up when we thought it would go down), then Binance will take away some of our money.

So trading futures on Binance is like playing a game where you try to guess which way the prices of these digital things will go and make money from your guesses.

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