Futures Trading is not for everyone

[TribalBob]

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

[CuriousGeorge]

futures trading needs diligent emotion control and I think more suited for the professionals.
there have been case of traders losing all their wealth over night with futures trading once their strategies went wrong, i couldn't sweat the fact that futures trading is kinda similar with binary, i'd definitely stay in using traditional trading instead since that seems like suited for the low skilled.

[BuNga_cute]

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

If we are new to trading, we should avoid futures trading, because futures trading is not for everyone. Only people who are experienced in the crypto
world and also people who have good analytical skills can try futures trading. Although the risk of futures trading is very high, but if we are successful,
the profit generated is also very high. So it depends on each of us whether we dare to take risks, if we feel we can analyze the market well, there is
no harm in trying futures trading. But I prefer spot trading, besides the risk is smaller, spot trading is suitable for everyone. In conclusion, the difficulty
level of futures trading is very high, so consider carefully if we really want to try futures trading.

[rozak]

futures trading needs diligent emotion control and I think more suited for the professionals.
there have been case of traders losing all their wealth over night with futures trading once their strategies went wrong, i couldn't sweat the fact that futures trading is kinda similar with binary, i'd definitely stay in using traditional trading instead since that seems like suited for the low skilled.

if you don't have the skills then it's better not to try it. Futures trading is indeed profitable for those who do have decent skills. especially to get profit in a short time.
I myself also trade spot and futures. but I don't trade futures very often. only occasionally to make a small profit. I also use small capital, because I know the risk is also greater trading there.

[Zanab247]

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

Those that tried it in the past never advice people to go into future trading because it's very easy for someone to reduce to zero level in financial aspect, if you don't use your head to invest the little you can afford to lose. Future trading is good for those that have one mind or have a strong faith that this thing will bring a good result at the end of the investment, are  the one making a huge amount of money from future trading because their faith is seriously working for them.

[Jancuki]

It's not just anyone who can jump into futures, for me people who are suitable for playing futures are those who can see and analyze price charts. At least having that experience can be a capital to understand where the direction of price movements will tend to go, although it is certain that not everything is going as desired. I myself am more comfortable with spot trading.

[Anonylz]

The way some traders brag about their earnings from futures trading usually entices some newbies to want to try it. In one of the telegram group chat i follow, some futures traders guys in the group usually make so much noise about their trade and make the rest members who don't trade futures feel like they are missing out.  Just as traders can win big with futures so also they can lose easily with one little miscalculation, better for those who can't read the chart properly to stick with spot trading.
@op your second attempt should have been half of your funds. 

[kamvreto]

We all need to know what the risks involved in each type of trade are. Spot trading may be safer because there will be no liquidation, but futures trading has a greater risk, because every wrong short or long order will experience liquidation which means our assets will be lost. As a beginner, it's better to just trade on the spot, I'm currently only doing spot trading because it's less risky and not in a hurry. But for those who are professionals and are good at doing chart analysis, trading futures can be an option to get faster profits because Futures are two-way trading.

[BIT-BENDER]

I still know people who are making it in Future trading, in fact no aspects of tradings is considered easy or light weight but many greedy oriented people thinks other wise, there are people who I personally know that weren’t traders and few days time start to post that they are traders. We have many novice in trading and the are either losing funds or they are getting scammed, pay more focus and attention on being good at trading.

[Doell]

Indeed, it is a high risk feature and I think people who know how to analyze graphics are also not all lucky to use this feature. By the way your first try was actually good because you won and take profit, most of my trading friends didn't even succeed with their first try, I personally no interest in this feature.

[gabbie2010]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

I one tried future trading with Binance it ended up as  a very sad experience, within a twinkle of eye my account got liquidated, I moved from cross margin to future trading having made some profits through the former hoping to make such in the latter unfortunately it was a very bad decision that I took and vow never to step into future trading again, earning some reasonable profits in spot or cross margin trading is less risky and better than subjecting to a more riskier future trading newbies should be aware of the warning on future trading.

[Xal0lex]

Futures Trading is not for everyone? Just like any kind of trading. How many people earn from trading and have been doing it successfully for years? Probably very few. Trading itself is very risky. I think the problem with futures traders is that they get too comfortable with risk, relying on the formula the more leveraged money, the higher the possible profit from the trade. These traders are cranking their leverage to the max and going bankrupt. There is a good comparison between the spot market and the futures market. In the spot, you can wait it out indefinitely, but not in derivatives.

[strunberg]

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

for those that not expert in spot trading , better to avoid futures trading due its risk that high and could make our balance liquidated only in few hours when market being crazy and our position wrong. alot  beginer speculate in future trade due collecting profits faster than spot trading, but they dont realize  with its risky. Money management must strictly applied to avoid margin call.

[lalabotax]

Exactly, one of them is not for me   
Future trading is very complex, high tension, and high necessary skills, knowledge, consideration, information, and also emotional management and control.
I have tried trading in a future markets and I lost much because I cannot control my emotions and funds. This seems to be interesting to make high profits only in short time, but on the other hand, this is also very risky because we can lose our money easily only in a few minutes. That is why if you are new esepcialy in this crypto world and you cannot still manage yourself with good management and knowledge, better to stay away from this. Or you will only meet gambling situation

[kawetsriyanto]

I never think to try future trading because I think it is too risky. So, people who like to trade in a safer place as me, should choose spot trading over future trading. I think future trading is almost the same as gambling, we rely on our luck to take profits. I don't want to risk my money in this type of trading since the chance to lose all my money is too high. As long as we have a safer place to trade, why we should choose a riskier place? Even it offers higher profits, it may lose all our funds.

[Moeda]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

In crypto trading it is not measured by Pro or not Pro. The most important thing for them is the extent to which they can analyze market movements, especially Bitcoin. Price fluctuations continue to occur every day, despite the ongoing bull run. If we exit at the right time, of course we will make a profit, but if we fail to analyze the rising market, of course we will lose everything. I think Bitcoin is the basic guide in analyzing market movements.

[justdimin]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔.  

For some of us here who already have an experience, they still find it hard to understand everything in spot trading so it was surprising how a newbie can start in futures trading directly. It could be that they are smart for them to understand things easily? And what's more surprising is they manage to win three rounds or more but of course they are not pro yet but being a pro takes time and a lot of experience.

The moral that we can get on your own story op is don't be confident enough just because your previous attempts are successful and have gone smoothly because there will be times where we can get unlucky so always secure most of your profit and use only amounts which you can easily afford to lose.

[wxa7115]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

So you lost close to 500 dollars? You should consider yourself lucky as it is a very cheap lesson compared to the amount of money some other traders have lost on the futures markets and which they will most likely never recover.

The truth is that most traders that come to this market do not have what it takes to even make profits on the spot markets, and by electing to trade the futures markets they are just increasing the speed at which they will lose their money, also you were overconfident, we cannot say that we are a pro at trading by just winning 3 trades, in my opinion a full year is needed at minimum and a longer period may be needed if when you began to trade a bull market came, as it will give the impression you are a great trader when the truth is that you only came to the market at the best possible time.

[Hamphser]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

Learn from your mistakes and this is always been the key and this is where noobs do always fall but totally its inevitable because we could learn everything from our mistakes.If we do thought that future or leverage

trading is easy then try it and you would find for yourself on whats the reality.You might able to have those beginners luck in few trades but not all the times you would really be ending up on profits.
You could really indeed lost all of that you have earned earlier in shortest time as possible.

Then after that scenario or situation then you would definitely realize on how things works or on how reality works.

[Rengga Jati]

snip

Learn from your mistakes and this is always been the key and this is where noobs do always fall but totally its inevitable because we could learn everything from our mistakes.If we do thought that future or leverage

trading is easy then try it and you would find for yourself on whats the reality.You might able to have those beginners luck in few trades but not all the times you would really be ending up on profits.

Exactly, future trading is not for the newbies, only those who are trapped with the high promises of the trading signal may be very confident of earning from future trading, but in fact, none can guarantee the result. Future trading requires high risk, this may get us to earn very high profits quickly, but on the other side, this can also make us lose easily. If we don't know how to trade in the future, how to analyze, use hedging, and also including the management of money, emotion, and strategy, exactly we are likely trading with gambling. Moreover if we only lay on the luck, this will be very risky.