I hope I am posting into the right section. I did a few futures leverage trades on Binance never above 4x. I wanted to ask if traders keep a long position open for over weeks and months? If yes are they paying many fees? With which option it is the best to open a position which you may want to keep open for a very long time?
Future trading is not for newbies and it is for experienced, disciplined and professional traders.
Because you asked this question, I advice you to stop your intention to get rich with Future trading. If you want to get experience with Future trading, my advice:
- Create a new account in which you store only 1% of your capital.
- Use that 1% of your capital for Future trading.
- If you lose that 1% capital, and want to spend more capital to learn, let's make another deposit with 1% of your capital
- If you fail 10 rounds, you will lose up to 10% of your capital, it should be a time to stop your Future trading adventure