How to read the screenshots traders post. An example.

[dansus021]

That is not from the binance from the User Interface it probably belongs to bybit,

Like everyone else said already the person is doing derivates trading and it is called futures trading basically it just buying and selling contracts and not real crypto involved but using data from real spot trading. Other details already mentioned by Oshosondy

basically futures is easy way to get money if you know what you are doing but if you dont have experience in trading I would recommended you trading spot only or just try the futures one with 5$ money

[JunkieMiner]

Whenever I trade I keep the screenshot with myself because if there is a problem tomorrow then we would be aware of that and we would be ready for that. For example if some exchange keeps your money locked due the KYC issues then you can easily send these screenshots of your data in the exchange and also if they wants your recent trades in the exchange then it would be also spendable. In the case we didn't have all these data kept safe in a place where it would be then there might be some problems creates in that case. We should be aware.

[DVlog]

So the general question is how to read the screenshot?

All the questions OP asked in the post have already been answered so i am not going through them again but only one suggestion for OP is to follow the guide that your exchange shows you when the first time you try to trade in any exchange. Most of the top exchanges have this as a quick guide for their traders after they log in for the first time. They also have a blog post where all of their trade, functionality and terms are explained in an simple way. So just don't skip the walkthrough if you are a newbie.

[kingvirtus09]

Here is the screenshot that was posted on a Telegram channel, and people seem to be exited about it. I kind of understand that the person is doing trading, however, I am not sure I understand the details.





So the general question is how to read the screenshot?

1. Where is the trade is made? I guess Binance, I might be wrong
2. What is Mark Price?
3. What is Margin?
4. What is Risk? What does the 9.89% risk means in this particular case?
5. I guess "Est. Liq. Price" means the price at which DOT will be sold. Is that right?
6. What is Cross 10x means?
7. Any other details to pay attention?

Thanks.

Are you doing some trading exploration right now? Because if yes, it means that you really have an allocation budget for the trading practice you want to do. I've been here for a few years, but I've never tried that in the image you gave here because I don't want to take a step that I'm not sure about.

For example, it's as difficult as driving a car when you're not sure if you can really drive it because just a little mistake can cause you to have an accident right away. The same is true when doing trading like that; we must be sure of what we're going to do.

[borovichok]

That is not from the binance from the User Interface it probably belongs to bybit,

Like everyone else said already the person is doing derivates trading and it is called futures trading basically it just buying and selling contracts and not real crypto involved but using data from real spot trading. Other details already mentioned by Oshosondy

basically futures is easy way to get money if you know what you are doing but if you dont have experience in trading I would recommended you trading spot only or just try the futures one with 5$ money

Using modest quantities to trade does not seem appropriate because the market is enormous and there is nothing anyone can do about it. The market's volatility can cause our trading position to be profitable or unfavorable. Choosing an advantageous exchange is going to assist you immensely when it comes to trading. We're here to make substantial earnings in the system; we don't have time to squander because if we don't take advantage of favorable prospects, there will be nothing we can do when these projects begin to pay off. Futures trading has been compared to trading crude oil. It's complicated since it's broad and not as simple to understand as spot trading.