Hi there,
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?
I heard to use the option "post only". But I am not an advanced leverage trader so i would be very thankful for some insights and tips.
If i go with the option isolated then in the case of liquidation only my initial margin will be lost right?
thanks for any help or tips
tred
I discourage you not do that if you still have limited knowledge about trading. It is better to gain some more experience in spot trading as to know that leverage trading is quite difficult and risky when you are new. You don't need to rush yourself as trading has no joke at all. The more you gain experience, the more you prepare yourself. You definitely need time to study it as it was really difficult in your position. Many traders had failed and lost thousands of dollars because they underestimate trading, and you shouldn't do that.