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Quote from: Nyben on August 23, 2022, 01:53:13 AM

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.

Futures trading is for those traders who have good knowledge about the market and can do market analysis properly. Futures trading will be more risky in the current market conditions. New traders are looking for ways to make quick profits as soon as they enter the market, but they are not interested in gaining knowledge about crypto trading. Which is the most important thing for a trader. I advise new crypto traders to first acquire the ability to properly trade profitably in the spot market before moving into futures trading.

The time that you should consider yourself on touching up futures is on the time that you've been trading up for too long or do have sufficient knowledge and skills towards the market because you cant able to bare

up the risk involved and you would just definitely be burning up your money in fast pace manner and its never been suggestable that you should touch up futures when you are just starting up
on doing trading.You might able to make money at first but on longer run you would able to realize that it wasnt really be that easy.

Get yourself to be effective on spot trading first before tending to jump into other types of trading.