Don’t try Futures Trading
Trying is often seen as a Good Factor, But In Futures Trading, It will cost You Your Heard-Earned money
Why does Trading Futures Seems easy upfront?
- Futures are contracts - Think of them like a promise to do something later. You agree on a price now, and no matter what happens to the market, you stick to that price when it’s time to trade.
- You don’t need all the cash upfront- You just pay a bit of the total value, which is called a margin. It’s like a deposit
Main Sauce
95% of people who have tried trading Futures have lost their money. It’s a very bad idea.
Don’t try trading when you’re not a trader, and don’t think you’re a trader just because you’ve made money investing in cryptos.
People study for years to become traders: it’s not for nothing, and if it were so easy, believe me, Futures wouldn’t exist, simply because crypto exchanges would lose their money.
Suppose you’ve made money in Futures trading for a few days, well done to you. However, this does not mean you’re a trader.
Being a trader means having a consistent, reasonable return that you can manage in the long term.
If you can be profitable for 6 months in the crypto market without losing a significant portion of your capital (no more than 20%), then you can consider yourself good at trading.
Without that, there’s no point in posting screenshots of your trading gains when in the following trades you burn all your capital.
Secret of Futures
The Futures market is there to make you lose, and leverage accelerates this.
Market makers are paid to make you lose your money by pushing the market in the opposite direction,
And you, with your few thousand dollars, think you can beat an institution that has hundreds of millions of dollars? You’re dreaming!
What If you actually want to do Futures?
It’s possible, and some people make money from it: but it’s a very long process that takes several years.
Practice trading on demo accounts, set yourself a trading plan, learn how markets work, and maybe in a few years, you’ll be profitable in the long run.
Before you’ve done that, don’t even think about it.
Forget about Futures if you’re new to the crypto market.
Hoping that some will understand this and apply these tips.
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