Can we Trade Future for LongTerm ?

[noormcs5]

I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄

You can open a future trade for long term but it is always risky. Since the cryto currencies are volatile, you will never know if any day the coin dumps to your liquidation point and all your funds are lost. Its best that once you open a future trade, watch it closely and take profits from it rather than keeping it open indefinitely.

[so98nn]

I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...

It's better short term (less than a month normally).

Other options like binance margin (where you pay 8% interest a year on money lent) will be a lot cheaper than using futures.

No, this is not correct. I think OP means a future option. This is another feature available when you make a trade based on future predictions. This option is very advance while making trades and can be generally found in the share market/stock market. In this one you deal with trading asset and predict the price in the given time. All you have to do is mark the percentage rise or drop in the given period of time. If you hit the same predictions then you get pretty bonus amount.

I don’t think that we have Future option in the crypto currency trading. Please enlighten me if I have predicted OP in other way.

[rokon1234]

In my opinion, you must know about trading first and I think if you can gain complete knowledge about trading then you will understand whether long-term trading is better or short term trading is better for the future.However, many traders are like short term trade because short term trade is more profitable than long term.

[Sled]

I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄

Of course, you can do it at your preference. But you should track your trading results so you can see if that it effective or not, and so you can make a change if ever there are no positive results. Just try for 1 month, maybe it was enough to assess the result and it is for you to decide to continue it or find another one.

I'm not a full-time trader, just on and off, but I'd never have this trading strategy as I regularly use spot trading style. This seems comfortable for me that is why I'd never look at another one.

[TinaK]

I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄

Trading is based on the investors opinion, So If you like to actively monitor the market you will make good earning in trading platform. Nowadays all are concentrate the short term and Day trading in crypto platform. But before to invest you will analyse the every days charts and auto transaction techniques. This month we see sudden jumps are comes in the market, you will plan on perfect coin and decide the perfect trading site.

[XZERO1]

You can do both, short-term and long-term, but it would be better to find trading platforms/exchanges that support margin trading with expiry dates on them, for example BitMEX right now have XBTH21(will be expired at March 26th) and XBTM21(Will be expired at June 25th) that support up to 100x leverage.

The good thing about trading on these instead of the normal Perpetual 100X contracts would be that they charge fees just twice, one for opening and one for closing your position and nothing in the middle, while if you opened a long-term position on "Perpetual 100X" you have to pay funding fees every 7-8 hours, but depending on your position funding could change between negative and positive and even though you could be paid some funding along the way it's too much risk involved in it and it could shake out your position out of funds in the long run.

[hahay]

It could be because it is a choice and a long target for future goals is basically an achievement that requires extra patience, and it comes back to you. When we have made a purchase in reality we will worry about the price going down and as much as possible we will take the opportunity to sell, but if you have a patient person and are ready for future profits, then I think it will be fine for your investment. But if you use it for trading as long as you understand the techniques in reading market movements, I'm sure day trading will be better.

[Stedsm]

For those who believe and are recommending others not to open a futures trade for long term, you need to check this out:


courtesy

If you've got the right mindset and have the guts to wait for a long time with low leverage, you'll surely reap the fruits of trading futures. Though, take my advice with a pinch of salt.

[Innerpumper]

I am new in cryptocurrency Trading. I want to know, Can i trade Future Trading for long term or short term...🙄

both can be done. It seems more advisable to do short-term futures trading because it minimizes the risk in the occurrence of losses. If you are sure, and if you want to try it you can go to binance because they provide a long term trading service that is already trusted.

[Inkdatar]

Trading futures is very risky method and if you are well knowledgable on trading futures you may know it for yourself. As long you know how to manage your risks and you know how much you are willing to lose since the market is volatile. Trading can be short or long term it depends on your strategies. We can gain in short term and long term always remember do your own research and trade at your own risks.

[Maackayon1]

i will not advise anyone to trade futures for long term. this is because of the market behaviour and actions which i think will liquidate almost all traders. its best to trade it shortly and take profits.