Is it advisable as a starter to engage in future trade?

[Nyben]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

[Silberman]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

This is not something that I would advise to a new trader, while it is natural that people want to trade and earn money with their skill, futures trading is extremely difficult and the chances you will lose all your money is very high, so what to do? You need to start slow, if you want to trade then just spot trade for at least a year, and then once you have confirmed you have what it is necessary to become a good trader you could consider this question again, but even then I would think it would be too soon.

[gunhell16]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

I just want to ask what exchange are you using dude? Because the only one I know of that has future trading is Binance. I'm just not aware of other exchanges that have future trading. Now, if you are just a beginner in the cryptocurrency industry and are just getting into crypto trading, it is better to start with spot trading rather than future trading. Don't rush yourself with such activities in future trading because you might just get confused at the beginning. Especially if you don't have enough knowledge about it or don't have an idea, it will really come out that what you are doing is too risky.

But if you know yourself that you have enough ideas and knowledge, you can try that even if you are new to this forum.

[autumnleaf]

It is not advisable if you are just starting. Just what like they said better start first in spot trading and gain knowledge once you have enough idea how future trading works you can try little by little There are many options for you to engage with and become profitable like staking

[tranthidung]

I will see a notification reading "Future trade can be very risky".

It is more risky than margin/ leverage trading and much more risky than spot trading.

Is it advisable as a new trader to engage in future trade?

A new trader should not start with future trading, definitely.

The flow should be

• Investment > Spot trading > Margin/ Leverage trading > Future Trading

If you can not have profit from investment, don't trade
If you can not have profit from spot trading, don't trade with margin/ leverage
If you can not have profit from margin/ leverage trading, don't trade future

Your capital should be 80% in investment, not in trading. Future trading should be 10% or 5% of your trading capital (not whole capital)

[bittraffic]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

The notification said it right. Many had lost thier capital even before they make a few future trades without knowledge. Its liquidated without them knowing how it happen because they are new to trading.  Its recommended to stay on spot market and gradually learn why the market goes up and down and then learn a few indicators that you could use. And  then only try futures when you are confident enough and have lots of money that you wouldn't mind losing.

[TravelMug]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

As the warning says 'it's risky' if you don't have the experience, hence I will say that it is not advisable for newbies in trading. If you don't know how to leverage in the first place, then how can you put yourself in a speculative position in the first place? It will mean disaster for you in very short time. And others have said that you also needed the skills (risk mitigation etc.) that you can only acquire through years and years of experience in crypto trading.

[mk4]

Futures(with leverage) is pretty much trading with steroids. If you use leverage, your wins and losses are maximized depending on how much leverage you're using.

As a beginner, don't over complicate it — just start with spot trading(typical buys and sells) for now.

[adaseb]

The only difference between future and margin trading is the leverage. The more leverage the more riskier for you to lose your entire account. With margin trading your leverage is much less and spot trading is basically 1:1.

So all in all you can lose all your money in all 3 different methods but the futures one you can just lose it faster if you use more leverage. So if you don’t know what you are doing you shouldn’t use any of the trading methods and just trade demo for now.

[Oshosondy]

Is it advisable as a new trader to engage in future trade?

Learn about future trading fully before you should use the amount of money you can lose to trade it, trading generally is highly risky, but future trading is riskier because of the high leverage that you can use and because you can open a long or short position.

A newbie can decide to start to trade with 200x, or a leverage that is over 10x which are considered as high risk trading that can result to trading asset liquidation. I have been trading derivatives many months ago and I will advice you to do these if you want to start:

• use the amount of money that is far below an amount you can afford to lose to train
• always you the amount you can afford to lose to trade after learning
• do not trade shit coins. Like me, I only open BTC/USDT long or short position
• use low leverage, 3x or lower leverage is better
• learn how to use indicator
• do not be greedy

Many traders always set stop loss and take profit which often help them. Future trading is highly risky. Learn indicators like Bollinger Bands and RSI. I remember a time I always lose, it was because of the coin I was using that contributed more to the loss, a shit coin can turn a good trader to a poor trader.

[Strongkored]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

You've gotten enough advice on future trades hopefully this thread won't be made and abandoned. At least you should read and comment if anything is confusing or you don't think it's clear.
It's natural when the exchange warns that futures trades are risky especially for new traders who have very little knowledge of futures trades, don't try if you are still very knowledgeable it's better to try spot trades while continuing to learn a lot in trading.

[Nyben]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?
No doubt this is the right place to be. I really appreciate the response I got here. With the response so far, I need to learn and be good enough before engaging in future trade.

[samcrypto]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

I will not suggest to get involve in the futures, that is too risky for every beginner because you can lose money instantly. If you are just learning how to trade, I suggest to trade long for now and it can help you become more profitable especially if you are still don’t know where to trade and how to trade properly. Trading is not easy at all, it may take a lot of time before you understand it but don’t give up because trading is very rewarding as well.

[noorman0]

-snip-
Is it advisable as a new trader to engage in future trade?

Try trading on the spot market with increasingly shortened timeframes to slowly train your emotions, say from weekly to daily trading over the next few months. And of course you have to do a candlestick analysis as well as the basis for the decision of each of your entries (not random entries that rely on luck). Then evaluate your trading results.
If you think with that result you are ready with futures, then do it with small cap first and the lowest leverage.

[palle11]

Trading generally is not a quick money spinal as most people will think which make them to want trading as a means of earning quick money, it is not that way because even experienced traders do lose money. I will advise any person not to rush into trading both futures or spot. Always don't trade with money that is not yours because you may go into debts when you lose it. And you need to do a demo practice or start very small.

[Issa56]

I think you shouldn’t try that as a newbie, we all know future trading is very profitable but the risk is really high compare to sport trading, in Cryptocurrency if you are looking for fast money or easy money you might endup getting scammed. in future trading you can easily get liquidated and all your funds are gone, but in spot trading if you are trading a reputable coin like bitcoin in sport trading if bitcoin price drop, the amount of bitcoin you are holding still remains the same, only the price that drop and if you can hold then definitely the price will bounce back, but if you are in future trading immediately bitcoin gets to your liquidation price automatically you get liquidated and all your money is gone. I think it's better you just stick to spot trading.

[Pandu Geddon]

all trades I am sure will be risky for everyone. especially for beginners, I do not recommend you are in futures trading. it requires better skills as well as experience. you can learn it now, but better collect your trading skills on the spot, I'm sure it will be better.

if you still don't have good skills, or can't do market analysis yet, I think you better do long-term planning first before learning day trading or futures.
although still risky, the investment will be better for beginners than trading.

[passwordnow]

When I login to my trading App (Exchange), I do see an option for future trade and when try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable as a new trader to engage in future trade?

Not yet.
That exchange already gave you a warning and that's for real. It's risky not just for the newbies but also for the experience ones. But at least those experienced traders, know that liquidation can come quickly and that's going to take away their money very quickly.
I am not stopping you as a newbie but if you are insisting and eager to learn, expect too many losses before you actually learn the thing.

[virasisog]

When I login to my trading App (Exchange), I do see an option for future trade, and then try to give it a try, I will see a notification reading "Future trade can be very risky".
Is it advisable for a new trader to engage in future trade?

As a beginner, it would be really risky to try futures. I was one of the hardheaded beginners before thinking that I can do future trading successfully for the first time but I ended up losing a lot. It's only for experienced traders. You can still do it but you need time to study and do research about it. As a newbie, it's normal to feel curious about the opportunities that crypto could offer but you should also have the eagerness to learn and take easy steps for you to do things the right way.

[Franctoshi]

I will see a notification reading "Future trade can be very risky".

Exactly as they told you, not only that it's risky it can send you to square zero lolz ,if you don't know anything about trading (newbie).

Is it advisable as a new trader to engage in future trade?

Actually not gonna advise you to do so ,Best thing I suggest you should do for yourself right now, If really you want to engage in future trading is to go spend that time to learn and practice trading with Demo account ,develope a trading strategy that works for you and practice it over and over again until you start seeing good results before you should start thinking of trading with real money, hence I'm 99% sure that you gonna loose that money if you're trading with zero knowledge.