Binance Futures trading What You need to KnoW-step-BY-step guide
What is crYpto
Futures trading?
Binance futures trading is the latest sensation that allows traders to use leverage and profit on prices of altcoins moving up and down. As is the case with CFDs, one can open long and short positions in the platform to profit as prices fluctuate.
opening a Futures account
Trading futures contracts in the cryptocurrency market is straightforward. All you have to do is open a regular Binance account then aBinance Futurestrading account to accesstheFuturesinterface.
The Binance futures interface
gives all the chart information that one needs to speculate on the price of various cryptocurrencies.
Inaddition,tradersalsostandto
trades processed in the platform.
accessalltheinformationabout thetradingactivityaswellasall
MarKet orders supported
The crypto futures trading platform accords traders an opportunity to leverage various market orders to squeeze profits from the cryptocurrency market. Some of the orders supported by the futures trading platform include Market Orders, Stop Limit Orders, and Stop Market orders, as well as take profit limit orders and Take Profit Market orders.
Binance Futures trading platForM
Disadvantages advantages
•High trading volume and liquidity make it possible to enter and close positions with ease at desired price points. Similarly, Binance is a trusted brand when it comes to cryptocurrency trading.
One of the biggest drawbacks of Binance as afuturestradingplatform isthatitrequirestraders to first deposit Tether to trade.Theplatformrelies on the controversial Tetherstablecoin.
BottoM line
Binance futures tradingplatform offers an ideal way of speculating on cryptocurrencies price action; similarly, it offers a way to hedge positions and improve on risk management as a way of protectingacryptoportfolio
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