If you want to start trading futures effectively, the first thing you should do is understand each of the features displayed on this screen. Each of these elements is important, and we must know them. Take some time to review your screen and understand what you are looking at.
You can change the margin mode between cross and isolated. The difference is that in Cross you risk all your money, and in isolated you only have at risk the amount you decide. Although I recommend working in isolated mode, I personally use the Cross mode more for convenience and because I always use a Stop Loss to avoid large losses.
There are different types of orders, by tapping on this option a list will open, and you will have a small tutorial on how each of them works.
To start a trade, we must enter an amount in the box where it says "amount"; this can be an amount expressed in dollars, in the currency you are working with, or a percentage of your capital.
If you have any questions, I will answer them. I hope this introduction helps you start in futures. I will later explain other elements so you know how to enter with little money and avoid losing everything.
Leverage is one of the most important elements, especially for those who wish to start in futures with little capital. When you use a leverage rate, you are effectively asking Binance to lend you money for the operation, multiplying the money you are starting with by the amount of leverage. This means that if you use a leverage of X50, for every dollar you use to enter, the system takes it as if you entered with 50. You won't have these 50 dollars, but the ROI (Return on Investment) will be calculated based on 50 dollars.
Therefore, when you use one dollar leveraged X50, you are generating profits as if you had 50 dollars, and at the same time, your losses will be magnified X50 (not everything could be beautiful).
Generally, the minimum to start in futures would be almost 6 dollars, so how do we start with one dollar? With a high leverage that could be X30 to reduce your risk a bit, enter only with 20% of your dollar, which is 0.20; this will also allow you to have a fairly high liquidation price.
The liquidation price indicates that if the symbol reaches that price, you will lose all your money.
Leave your questions and doubts, and I will answer you. Soon you will be living as a profitable and successful trader.
Here we continue with everything and surrounding ourselves every day with the best people! Let's go for more!!!
UnLocoCreativo
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People say: surround yourself with rich and millionaire people so that you become one of them too. In my opinion, very personal... I prefer to surround myself with people who push and teach you to be better. Because money is necessary to survive. But friends are necessary to be able to live. Thank you for everything @KiuTrades @REDYRICAR_DOC
Yesterday during the live I left you a reflection, and I want to use this space to reinforce my message: most people lose money not because of a lack of strategy, but because of fear of feeling.
We've been taught to ignore anxiety, hide anger, and disguise frustration. But the truth is, what you call "annoyance" is simply fear. And fear isn't overcome by ignoring it; it's overcome by facing it, getting to know it, and understanding why it appears.
The same applies to green. That excessive satisfaction you feel isn't success—it's the precursor to greed, and greed is the fastest path to giving back to the market everything it has given you.
As Henry Ford said: "Failure is just the smartest opportunity to start over."
If you failed, if anxiety overpowered you, or if greed made you close late and the market hit you, don't punish yourself. Use it. Get to know yourself in that emotion. Every mistake is new data about your psychology that will make you stronger in your next trade.
The market isn't your enemy; your inability to understand what you feel is. It's time to rebuild, but this time as an Architect who knows themselves better.
Thank you @UnLocoCreativo and @REDYRICAR_DOC for attending the community while I wasn't present. It's truly rewarding to find people on this journey who share the same feelings and want to help others with their guidance and knowledge.
It was supposed to be a quick scalping and I forgot to close it on time when I had 50% ROI. I was briefly in negative balance and didn't close it. Now I check and it has +300 ROI
I'm watching how you turn 5000 dollars into 2000 and it's fascinating... I hope you eventually achieve your goal
Crypto Futures King
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Bullish
Are you ready to convert 5000 thousand dollars into 20 thousand dollars? I entered the currency with 5000 thousand purchase and set its target at 5.. .6, just see the deal right in front of you, watch only, or join me $IP
Every time I read these questions, I need to take a moment of silence and ask myself what's wrong with my communication, that it seems not to be getting through...
Today is not the day to be asking nonsense, with the permission of my Argentine friends. Today is the day to look at your chart and learn. To reflect and ask yourself: Why the hell didn't I wait? What did I learn from this?
And if you're one of those celebrating your profits, even less reason to come asking silly questions.
Today I'm ignoring all these questions. Trading is about making decisions, not asking for permission. If profits scare you or doubts burn you, it's because you're still not the owner of your trade. Today I leave you with your chart—there are all the answers you need.
The numbers are clear, and whoever did the homework today reaps the rewards. The rest, turn off the screen and reflect.
@KiuTrades brother, keep going, yesterday they were about to close because the ROI was -150% and my margin dropped to 45%, but I wasn't losing much, just two or three dollars, but I preferred to keep going, you're right, mental strength is decisive in situations where you see red numbers