Post
Topic
Board Trading Discussion
Re: Is it advisable as a starter to engage in future trade?
by
ultrloa
on 02/09/2022, 12:03:09 UTC
When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?
Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Even pro traders busted all their money for wrong prediction so it gives more huge risk for newbies to try on. Especially right now market is even more u predictable that's they should forget about this and learn other trying like taking spot trades for several months. For sure we can learn a lot from our experiences in trading and provably we can use this when we try to take a huge risk on trading in binance futures.