Hey traders, hope your week is off to a good start! Mine’s been profitable because I'm currently shorting BNB, haha. But that's not why I'm here. I’d love to hear about your experiences participating in trading competitions and get some tips.
Seriously future trading is not for beginners, All I will tell you is that you should be careful. If you are not yet a professional trader, then it’s just better you avoid future trading, their is nothing bad in spot trading, you should just trade on spot. With the current bitcoin price movement, it’s going to be difficult to predict altcoin movement, and involving yourself in future trading currently comes with a very great risk. With bitcoin's current price, then I am sure with time, other altcoins will start following bitcoin price movement, so if you end up shorting any coin now, then things might not just end well.
Yep, futures are a grave for many out there with such volatility going in.
Only with the money you are willing to spend, just like with the spot, you can enter a position, but I wouldn't risk it due to what's going to happen is pretty much uncertain besides the rally growing stronger day by day.