Dear futures #traders it is very important to be careful about futures #trading and formulate a clear strategy.
In this article, I will share my top 5 #tips based on my experience in futures trading.
1. Don't take #risks you can't afford to lose. Risk no more than 5% of the margin balance and 3% of the portfolio balance.
2. If you use leverage aggressively, leverage will kill you. Set your leverage based on your margin balance.
3. Emotional control is very important for further trades. If you cannot control your emotions, you will lose money every day and eventually lose your entire portfolio.
4. Learn to use stop loss. It is better to lose a small part of your deposit than to lose it completely.
5. Have a clear #plan , otherwise you will fail. Learn from your mistakes.
