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.
We can't blame them if they want to try futures trading because for sure they are seeing a lot of videos regarding about it, making a lot of money on it. The only misconception about it is that they thought it could be learn overnight and it'll make you rich overnight, but it is the other way around.
I believe the best advice for those who are itching to make profit in futures even though they are newbies is that they should have a lot of patient, perseverance, dedication, and commitment, and of course a goal. Trading halfheartedly will never gonna bring them to a high level of trading.