Binance Futures Trading : Complete Guide for Beginners

Binance Futures Trading is a best and most popular platform for traders to earn Money by predicting the price variations of coins. Unlike spot trading, futures trading allows you to trade with leverage, meaning you can open bigger positions with a smaller investment. In this article, we will explain everything about Binance Futures Trading, how to get started, and key strategies to maximize your earnings in money.

Binance Futures Trading:

Futures trading is a type of contract based trading on the future price of an asset. Unlike spot trading, where you buy and own the asset, futures trading allows you to trade contracts without owning the actual coins in your own account.

Binance Futures Trading:

Step 1: Create Binance Account:

If you don’t have an account, follow these steps:

1. Visit : Here
2. Click on Sign Up and enter your details.
3. Complete identity verification (KYC) to activate your account easily.

Step 2: Futures Trading:

1. Log in to Binance and go to the (Derivatives) section.
2. Click on (Futures) and enable futures trading now.
3. Transfer funds from your spot wallet to your futures wallet easily.

Step 3: Futures Trading Interface:

The Binance Futures trading page includes which as under:

• Price Chart : Shows real-time price variations
• Order Book : Displays current buy and sell orders on screen.
• Trading Panel : Allows you to place orders and manage positions easily.
• Leverage Settings : adjust your leverage from 1x to 125x.

Futures Contracts on Binance

1. USDT:Futures

These contracts are settled in USDT and are the most commonly used futures contracts on Binance platform.

2. COIN: Futures

These contracts are settled in coins (e.g., BTC, ETH) instead of USDT.

Orders in Binance Futures Trading

1. Market Order:

A market order executes instantly at the best available price at time.

2. Limit Order:

A limit order lets you set a specific price at which you want to buy or sell time.

3. Stop Limit Order:

A stop limit order is used to limit losses or lock in profits by setting a trigger price at any time.

4. Take Profit Order:

A take profit order automatically sells a position when a certain profit level is reached.

Understanding Leverage in Binance Futures Trading:

Leverage is a thing which a trader can trade with more funds than you actually have. For example, with 10x leverage, a $100 investment can control a $1,000 position easily. However, higher leverage increases risk, so it should be used carefully with market research.

Risk Management Strategies:

1. Use Stop Loss Orders : Protect yourself from huge losses.
2. Manage Leverage Wisely : Avoid high leverage if you are a beginner.
3. Diversify Your Trades :Don’t put all your money into one trade.
4. Stay Updated :Follow coins news and market trends.

Conclusion

Binance Futures Trading is a powerful platform for traders who want to maximize profits in coins through leverage. However, it also comes with high risks. Beginners should start with low leverage and practice risk management strategies to avoid losses. If used correctly, futures trading can be a profitable way to trade cryptocurrencies on Binance.If you don’t understand it join risk free application : Treasure NFT