Post
Topic
Board Trading Discussion
Re: Current Crypto Market Outlook and Futures Trading Opinion
by
Zaguru12
on 10/11/2024, 21:39:03 UTC

I don't trade futures currently due to hitting multiple stop losses. I trade spot instead, making modest profits because I've been able to get a 50% discount on fees using Bitget's Telegram mini app which I don't even know how long that will last. So, I've been considering going back to Futures trading because I want to take a full advantage of this bull market.


First of all spot trading is the most profitable trading method I can actually advice a newbie how to engage on because it is less risky and if you hold for a very long term it maximizes the profit. My advice is hold on to spot and do not leave off your funds on centralized exchanges like the Bitget.

For the future trading, better you have had a taste of it and you know already how risky it is to I trade it, I wouldn’t say don’t go back to it but I will ask have you backtested the reason why you were facing stop losses? If you still don’t have solution yet which is knowledge you better just leave off futures and continue with your spot but if the knowledge is there futures is a good way to maximize profit because the trades love the market when it is volatile like we have now.