Post
Topic
Board Trading Discussion
Re: Is it advisable as a starter to engage in future trade?
by
cheezcarls
on 03/09/2022, 20:08:54 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?

Although anyone (even newbies) can try futures trading, but for me it's something that I wouldn't recommend if you are new or inexperienced. Anything can happen unexpectedly without warning.

The good ol' spot trading is still what I prefer for the newbies and beginners. Before jumping into futures trading, you should learn first about the basics and also how not to be "really drained emotionally" if you are being liquidated by means of financial risk management.

It's totally up to you if you wanna try it or not. If your prediction about short or long positions are correct and profited, then that's good for you. However if you are being liquidated, just treat it as a donation for you to learn your lesson and get better in making decisions next time.

Make sure you do not go all-in. Only futures trade what you can afford to lose.