I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄
Definitely yes! Crypto futures are the most recent thing that has caught some steam in the crypto space. Generally, it doesn't matter much if you buy Bitcoin or it's futures because even delivery of bitcoin is immediate but this difference has been created due to huge amounts of leverage that exchanges are offering these days. Derivatives exchanges like FTX, Bitmex, and even Binance are now making much more business than traditional exchange catering only bitcoin. Coming to trading futures. I would love to recommend you futures trading. But futures obviously come with a big caveat. Futures are undoubtedly the riskiest thing you can buy. It's because you the Liquidation point is sometimes so close to the current price and we all know how volatile this, therefore a lot of positions are liquidated on daily basis in this market. The very first thing you will need to learn before starting trading is risk management and how to create positions while keeping tight stop losses and still get profits. You can trade futures in long term only if you sustain yourself with your limited capital in this choppy market.