How to trade on Binance Futures
The good thing with Binance Futures is that it allows you to trade with a leverage of up to 125x. The simplified setup can facilitate your leveraged trading experiences. If you check on the top left corner there is a button right next to the BTCUSDT symbol that if you click will allow you to adjust your leverage accordingly.
You can use the slider to set your preferred leverage, which can range from 1x to 125x. A case in point is where you decided to use 200 USDT with leverage of 100x, this will open a position worth $20,000, which means you’d only post $100 USDT as a margin.
Trading Binance Futures with Binance Signals
As a futures trader, it is not just enough to say you want to do it. Take note that futures markets have the highest failure rate among novice traders. On the other hand, futures provide traders with big the ability to trade with unparalleled margin. The secret is the ability to read the market pulse, which can lead to a personal semiautomatic money machine. But this is not easy as there is more than meets the eye.
When you receive trading signals from Binance Futures Signals, you could use it for finding safe entries into longer-term plays on the Binance exchange. Watch out for a possible stock investment with the potential to grow in the future and enter the market. There is a higher probability that your favorite long-term stock will go up with the trend. However, ensure you use an extra tight stop loss.
The basic Binance futures trading principle is to combine a relatively cheap entry price with momentum in the right direction. It is this combination that will give you the advantage as a trade, which is a necessity when using the stop loss method. If you can use stop loss without being killed by the many small losses then you’re able to take on futures trading. In that case, using stops puts you almost automatically on a trend. This is the basic secret to trading on the trend, which requires you to keep the small losses in check through stop-loss features. Futures traders who have specialized in ongoing trends is likely to win on Binance Futures trades if they use Binance futures signals well.
You will realize how trading futures on Binance is simple if you are armed with the right signals from Binance Futures Signals. Binance only allows trading BTC/USDT with up to 125x leverage, and up to 75x for other cryptocurrencies.
