Issa56
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August 02, 2022, 08:04:54 PM |
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Futures trading does have to be ready for everything, including the risk of losing my own money. I don't always trade futures but only occasionally when I'm ready but indeed many people have benefited a lot from futures trading that they have probably done every day.
But for beginners, you really have to start from spot trading because it minimizes losses so that they can understand to hold and sell when they go up, even though this is a simple thing but it must be done correctly and correctly.
But futures trading has strong adrenaline if we already know from the skill.
Most newbies don't really understand what cryptocurrency is all about they believe they can just easily make money once, that's why some of them always go for future trading. In future trading, it's kind of easy to make good profit even if you are trading with little capital, so they really want to make huge money, but in sport trading if you don't really have huge capital your profits won't be much and most of them want huge profits that's why they always go for future trading and most of them don't think about the risk in future trading.
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kamvreto
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MAaaN...!! CUT THAT STUPID SHIT
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August 02, 2022, 09:06:29 PM |
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Those who are completely newbies and don't understand crypto will trade Binary Options like Binomo, Quotex, Olymptrade etc and it carries a bigger risk. they just trade without having any understanding of how to get in and out, it's the same as gambling, just guessing the price will go down or up. Futures trading can be done by everyone, but it is not suitable for everyone. There will be more losses than gains. beginners are better off learning to trade in spot trading as everyone in this forum has said, but spot trading also has risks if you don't have analytical knowledge. Don't trade anything if you don't understand what you're trading.
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chaser15
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August 02, 2022, 09:16:00 PM |
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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 🤔.
Practice might not make everything perfect but it will give you experience that can be useful for your future actions. Although I agree that obviously, everyone should not mess up with the Future right away or just stick to the basic spot trading in the meantime, it's not wrong to test it a bit by bit. How can a trader learn Futures if there's no actual engagement on it as just reading basics and tutorials are not enough? 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 🤔.
There's no perfect trade. Losing is part of the process. Do you really think that every trades always lead to success and profits? Just to remind you also that even professional traders are still losing. What you need to do is to maintain winning stats and your experience will teach you to form your own strategy since you will encounter lots of market trends along the way.
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Franctoshi
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August 02, 2022, 10:15:40 PM |
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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 🤔.
Future trading is for professionals traders , I said so because you need to understand the fundamental and technical analysis very well in order to profit, future trading is where a lot of market manipulation takes place. Before I start to profiting from the future market , it took me a lot of time and series of blown accounts, almost lost my life savings doing future trading, I was just gambling in the market with my heard ernd money. Though greediness equally played a major role even when I have some wins ,will still go back to placing a trade without proper market analysis, but today I can beat my chest that those things were part of experience and it helped me to knowing how to trade profitably.
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Oilacris
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August 02, 2022, 10:19:47 PM |
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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 🤔.
Future trading is for professionals traders , I said so because you need to understand the fundamental and technical analysis very well in order to profit, future trading is where a lot of market manipulation takes place. Before I start to profiting from the future market , it took me a lot of time and series of blown accounts, almost lost my life savings doing future trading, I was just gambling in the market with my heard ernd money. Though greediness equally played a major role even when I have some wins ,will still go back to placing a trade without proper market analysis, but today I can beat my chest that those things were part of experience and it helped me to knowing how to trade profitably. Even pro's does have a hard time on getting a good hold on futures which mean sit wont be a solid thing to assure yourself on being profitable with futures but we know that being knowledgeable and does have the skills would really be having the chance on getting profits compared to those who had none.When you are just new with trading then never ever consider on touching up futures. Better stick with spot trading first and try to be profitable or having a good hold into it which it would really be that resulting to have a good trade record or simply being profitable. Apply those knowledge in future but this would be totally different consider on timeframe and the pace on how movement been done.
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blockman
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August 02, 2022, 10:41:25 PM |
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Most newbies don't really understand what cryptocurrency is all about they believe they can just easily make money once, that's why some of them always go for future trading. In future trading, it's kind of easy to make good profit even if you are trading with little capital, so they really want to make huge money, but in sport trading if you don't really have huge capital your profits won't be much and most of them want huge profits that's why they always go for future trading and most of them don't think about the risk in future trading.
That's right, they think that everything related to cryptocurrency is easy. Well, I'll say that it's fairly easy if you just want to hold but the emotions after watching the market, that's where everything is going to start. They'll think that it's the end of the world with a 5% drop on a daily basis and what's more if they happen to get into the bear market on 2018. Where the majority of cryptocurrencies were down and everyone think that there's no hope instead of taking that opportunity of buying.
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harizen
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August 02, 2022, 10:52:48 PM |
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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 🤔.
Futures might not be for everyone but your mistake here is your mindset. You consider yourself a professional trader already with that experience. Can you define pro-trader? How do you look at it to the point that it's become your thought to yourself? Just simple advice too, obviously if a person wants to try something, they need to do their homework first to somehow gives them a brief introduction on what they will expect on doing Futures. After that, they need to experience it for real to know how things work there and to feel the pressure. More importantly, don't ever expect that it's always a win. Losing is normal in the first trial and it really happened most of the time.
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Oneandpure
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August 03, 2022, 05:30:29 PM |
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Futures might not be for everyone but your mistake here is your mindset. You consider yourself a professional trader already with that experience.
Can you define pro-trader? How do you look at it to the point that it's become your thought to yourself?
Just simple advice too, obviously if a person wants to try something, they need to do their homework first to somehow gives them a brief introduction on what they will expect on doing Futures. After that, they need to experience it for real to know how things work there and to feel the pressure.
More importantly, don't ever expect that it's always a win. Losing is normal in the first trial and it really happened most of the time.
I think on future trading not know about how expert and professional you are because we can't predicting about whales coming and gone, some time when open with short position have prepare with good news and all altcoin or bitcoin going up, but when bad news coming drastically bitcoin or altcoin price drop but after got notification liquid on email price back to recovery suddenly. I have been quit from Future trading and I think there are not matter how expert when analyzing keep not worth when trying with future trading. If you can controlling with stop loss not really bad for active on future trading.
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smartaction
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August 03, 2022, 05:38:40 PM |
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Futures might not be for everyone but your mistake here is your mindset. You consider yourself a professional trader already with that experience.
Can you define pro-trader? How do you look at it to the point that it's become your thought to yourself?
Just simple advice too, obviously if a person wants to try something, they need to do their homework first to somehow gives them a brief introduction on what they will expect on doing Futures. After that, they need to experience it for real to know how things work there and to feel the pressure.
More importantly, don't ever expect that it's always a win. Losing is normal in the first trial and it really happened most of the time.
I think on future trading not know about how expert and professional you are because we can't predicting about whales coming and gone, some time when open with short position have prepare with good news and all altcoin or bitcoin going up, but when bad news coming drastically bitcoin or altcoin price drop but after got notification liquid on email price back to recovery suddenly. I have been quit from Future trading and I think there are not matter how expert when analyzing keep not worth when trying with future trading. If you can controlling with stop loss not really bad for active on future trading. Future trading is always risky. It can Liquidated your money any time. But must keep your eyes on market conditions and Daily Market news and bitcoin news. And you shouldn’t take more then 5x Leverage. if you do that then you can lost your money in a few minute or if market go ahead to your target then you can get more then 2x in a few minute. It is full of gambling. so i don’t think future trading is for everyone.
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sana54210
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August 03, 2022, 05:48:43 PM |
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Futures trading does have to be ready for everything, including the risk of losing my own money. I don't always trade futures but only occasionally when I'm ready but indeed many people have benefited a lot from futures trading that they have probably done every day.
But for beginners, you really have to start from spot trading because it minimizes losses so that they can understand to hold and sell when they go up, even though this is a simple thing but it must be done correctly and correctly.
But futures trading has strong adrenaline if we already know from the skill.
I do agree that futures is not for everyone, but it is certainly not impossible to handle neither. I do agree that there are a ton of people who turned their small amount of money into a huge amount of money because they had the courage to make a profit from the leverages. If you have a small amount, it is better to do leverage because it means you will act as if you have a lot, but if you lose even just a bit, you will lose it all. So, the risk you are taking is huge, but the profit you would take is huge as well and you better have a decision about those two before you get in. If I make a ton of profit with a huge bull run then I may consider it.
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Issa56
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August 04, 2022, 03:17:36 PM |
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That's right, they think that everything related to cryptocurrency is easy. Well, I'll say that it's fairly easy if you just want to hold but the emotions after watching the market, that's where everything is going to start. They'll think that it's the end of the world with a 5% drop on a daily basis and what's more if they happen to get into the bear market on 2018. Where the majority of cryptocurrencies were down and everyone think that there's no hope instead of taking that opportunity of buying.
The orientation some newbies always have is really bad, they don't believe they can lose money, they think cryptocurrency is just a place where you will invest your money and in few hour's or day's your money will have been doubled that's why most of them easily get scammed by scammers. I was having a contact on my phone which always post on his whatsapp status about future trading, he claim he will teach newbies how to make money from future trading without losing, he always post videos of his win on his whatsapp status and never posted any video that he lose, I know the guy is definitely a scammer, because I don't think their is anyway you will trade and you won't lose sometimes. Those are the kind of users that deceive newbies and will make them believe in Cryptocurrency they will never lose money.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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hashrateproducts
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August 04, 2022, 07:15:28 PM |
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Future trading is consider as the crude oil of crypto trading. Its sophisticated to understand but if one go through the right and reliable PDF, which will simplify it to it's understandable means and interpret it to Newbies. Future trading required one to Know the basis of it's section like the Margin, Leverage and know your take profits and stop loss. When you Said future trading is not for everyone, I fully agree with you because not everyone would calm their mind and pay undivided attention to trade, they prefer to be distracted and loss Money.
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Free space
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stomachgrowls
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August 04, 2022, 08:28:59 PM |
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That's right, they think that everything related to cryptocurrency is easy. Well, I'll say that it's fairly easy if you just want to hold but the emotions after watching the market, that's where everything is going to start. They'll think that it's the end of the world with a 5% drop on a daily basis and what's more if they happen to get into the bear market on 2018. Where the majority of cryptocurrencies were down and everyone think that there's no hope instead of taking that opportunity of buying.
The orientation some newbies always have is really bad, they don't believe they can lose money, they think cryptocurrency is just a place where you will invest your money and in few hour's or day's your money will have been doubled that's why most of them easily get scammed by scammers. I was having a contact on my phone which always post on his whatsapp status about future trading, he claim he will teach newbies how to make money from future trading without losing, he always post videos of his win on his whatsapp status and never posted any video that he lose, I know the guy is definitely a scammer, because I don't think their is anyway you will trade and you won't lose sometimes. Those are the kind of users that deceive newbies and will make them believe in Cryptocurrency they will never lose money. For a person who do have their own will then it would really be just common sense that you should really make yourself be wary even with the most basic thing.It is really just people do really let themselves look like a fool even though it would really be just sensible that you should be wary on how reality works and how it should be done but due to greed and misconception about being profitable neither spot or futures via seeing those people who do earn big percentage then this is where it results that they might be rushing up themselves on getting involvement without even thinking or minding the risk which is really a very careless act to be done and most of the time they would eventually learn when they had already messed up everything.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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TelolettOm
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August 04, 2022, 10:54:27 PM |
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I do agree that futures is not for everyone, but it is certainly not impossible to handle neither. I do agree that there are a ton of people who turned their small amount of money into a huge amount of money because they had the courage to make a profit from the leverages. If you have a small amount, it is better to do leverage because it means you will act as if you have a lot, but if you lose even just a bit, you will lose it all.
So, the risk you are taking is huge, but the profit you would take is huge as well and you better have a decision about those two before you get in. If I make a ton of profit with a huge bull run then I may consider it.
Indeed, future trading is something complex and risky. we can say high risk but also high turn probability. This is suitable enough for high risk taker. but not only based on high risk taker, future trading needs good knowledge, analysis, and acceptance about the market situation. no easy ways of course. if we are new to this, we are better to do it. after we have learned and understand and also ready, we can start doing this by only very small amount to trade future.
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|MINER|
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August 05, 2022, 07:45:17 AM |
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Not only future trading it's also clear that trading is also not for everyone When the person goes into trading with little knowledge. There is no saying that little knowledge is dangerous. There's one more reason that is greedyness. Many times people get greedy and face huge losses by trading in the wrong place. And future trading is more likely gambling and it's kind of difficult from spot. So I think every benigner should start with spot don't go future at first Otherwise you will be also face the same .
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Hypnosis00
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August 05, 2022, 01:07:45 PM |
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Not only future trading it's also clear that trading is also not for everyone When the person goes into trading with little knowledge. There is no saying that little knowledge is dangerous. There's one more reason that is greedyness. Many times people get greedy and face huge losses by trading in the wrong place. And future trading is more likely gambling and it's kind of difficult from spot. So I think every benigner should start with spot don't go future at first Otherwise you will be also face the same .
I tend to agree. And it was wrong to underestimate trading and just think it was easy because many had failed and left after losing a lot. If we are already confident in spot trading and already earning some, we better stay there and consider this the right place for us. Maybe we can try future trading as we already have some experience and also to know which is better. But for beginners, this is a wrong decision and just encourages them to go first spot trading.
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arwin100
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August 05, 2022, 02:09:00 PM |
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Not only future trading it's also clear that trading is also not for everyone When the person goes into trading with little knowledge. There is no saying that little knowledge is dangerous. There's one more reason that is greedyness. Many times people get greedy and face huge losses by trading in the wrong place. And future trading is more likely gambling and it's kind of difficult from spot. So I think every benigner should start with spot don't go future at first Otherwise you will be also face the same .
I tend to agree. And it was wrong to underestimate trading and just think it was easy because many had failed and left after losing a lot. If we are already confident in spot trading and already earning some, we better stay there and consider this the right place for us. Maybe we can try future trading as we already have some experience and also to know which is better. But for beginners, this is a wrong decision and just encourages them to go first spot trading. Some people think that its easy to do buy and sell since this is what other experience people portray about how they can earn huge money on their trades. But reality hit them hard because for sure they find trading is a hard path to take especially when market is on bear market condition which other people sentiments can contribute for peoples reaction to get panic and take wrong decisions.
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tvplus006
Legendary
Offline
Activity: 2408
Merit: 1804
To the moon
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August 05, 2022, 04:55:41 PM |
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...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 🤔.
This definitely indicates that you have not adhered to risk management. It is obvious that you have opened your orders with a high leverage, which usually leads to the liquidation of the deposit. If you opened orders for 2-3% of your deposit and used a stop loss at the same time, your deposit would be partially lost, and not liquidated.
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wxa7115
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August 05, 2022, 11:00:03 PM |
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...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 🤔.
This definitely indicates that you have not adhered to risk management. It is obvious that you have opened your orders with a high leverage, which usually leads to the liquidation of the deposit. If you opened orders for 2-3% of your deposit and used a stop loss at the same time, your deposit would be partially lost, and not liquidated. This is correct, on the books I have read about trading the experts suggest that at most only 1% of our capital should be at risk with each trade, this way no matter how many times you lose in a row your capital will not be at risk of a catastrophic loss and you can recover your money once things get better for you. It is because of this I am against using leverage because it goes against that rule and it can cause irreparable damage to your account, and the case of the OP is just one more example of this being the case.
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stomachgrowls
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August 05, 2022, 11:15:16 PM |
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Not only future trading it's also clear that trading is also not for everyone When the person goes into trading with little knowledge. There is no saying that little knowledge is dangerous. There's one more reason that is greedyness. Many times people get greedy and face huge losses by trading in the wrong place. And future trading is more likely gambling and it's kind of difficult from spot. So I think every benigner should start with spot don't go future at first Otherwise you will be also face the same .
I tend to agree. And it was wrong to underestimate trading and just think it was easy because many had failed and left after losing a lot. If we are already confident in spot trading and already earning some, we better stay there and consider this the right place for us. Maybe we can try future trading as we already have some experience and also to know which is better. But for beginners, this is a wrong decision and just encourages them to go first spot trading. Some people think that its easy to do buy and sell since this is what other experience people portray about how they can earn huge money on their trades. But reality hit them hard because for sure they find trading is a hard path to take especially when market is on bear market condition which other people sentiments can contribute for peoples reaction to get panic and take wrong decisions. Learnings would always come in the end and not on the first thats why whenever you do touch up leverage or futures trading and having some profitable trades on first time then you would really be boosting up some self confidence and this is where you do forget to have that proper risk management until you do experience losses and being wrecked in the market and then you would soon realize that this isnt something that could be handled easily or being effective or something that you could sustain for long term. Futures is one of the hardest thing to be done aside from scalping or day trade.If you do know and be aware on how fast you could blow up your account or capital on this one then you would definitely be having doubts in next time.
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