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

[Peanutswar]

I guess the first is to make an investment with your knowledge know the fundamentals of the trading, make a knowledge investment like what are the different candle stick patterns and support, resistance next you can now make a technical analysis with the different pattern, with that knowledge you can do a paper trade with the commonly used the platform in trading which is the trading view there's a panel in the bottom part right there for trying your skills. Next is find a suitable exchange that support your futures trade like binance.

[AicecreaME]

You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

[Rufsilf]

You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

But it was difficult for inexperienced traders like OP. It was just like taking suicide and throwing our money. Of course, all form of trading is risky, and losses are likely possible all the time but it was advantageous if we already have the knowledge and skills as these are the tool for us to succeed in this, otherwise, we ended up losing easily. And I think it was not acceptable on the part of the trader because that is not the thing we aim for but unfortunately, this is the result of choosing the wrong way.

[Bollexz1]

The question here is, how on earth would someone new to the crypto space be trying to jump-start with the bigger steps? I mean the ideology should be knowing the basics first before even trying to trade anything. I rather would advise someone like such to try long-term investment trading first.

[Lanatsa]

You can try it and decide what to do next based on the outcome. For me there's no harm on trying it, but don't let yourself eaten up by your pride that you need to continue to gain back what you've lost. I meant, there's nothing wrong in continuing, but make sure that first, you need a lot of knowledge about futures trading to make profits, and slowly gain back the money you've lost.

But it was difficult for inexperienced traders like OP. It was just like taking suicide and throwing our money. Of course, all form of trading is risky, and losses are likely possible all the time but it was advantageous if we already have the knowledge and skills as these are the tool for us to succeed in this, otherwise, we ended up losing easily. And I think it was not acceptable on the part of the trader because that is not the thing we aim for but unfortunately, this is the result of choosing the wrong way.

Totally a suicide because we know on how risky futures trading is and it isnt something that a noob would able to handle it out even experienced ones thats why its never been that recommendable.

Start yourself on doing spots or those basic trades and try to make yourself that profitable on that one and this would really be a very long time.If you do get bored then you could really test out futures

but of course you shouldnt really make yourself that confident and minding that you could handle out futures without any hiccups because it would really be a totally opposite experience.

Some might be ending up profitable but most of the time where people do really being wrecked up with futures specially in above 10x which i could say that below 10x is
a bit on the safer side.

[Wawa2013]

The question here is, how on earth would someone new to the crypto space be trying to jump-start with the bigger steps? I mean the ideology should be knowing the basics first before even trying to trade anything. I rather would advise someone like such to try long-term investment trading first.

We don't need to rush to take big steps to be able to generate big profits. In achieving success we need to be patient and move slowly, so for newbies
they should avoid futures trading. I'm sure if there is a newbie who thinks of trying futures trading, it seems that greed has taken over him. Maybe
because of seeing successful traders get rich from futures trading, so they interested in trying futures trading, although it is not easy to succeed
in futures trade. Because I believe for people who are successful in futures trading, that person must be experienced and have experienced a lot of
losses before. The conclusion is it is not recommended for newbies to try futures trading, it is the same as wasting money in vain. For newbies,
they should focus on improving their trading skills first, starting with spot trading. If we already feel how difficult it is in trading and succeed
in spot trading, then we can level up and try future trading.

[Hodoor]

If you don't know what futures are and have only heard of them by seeing them on your exchange app, then you shouldn't probably mess with them. Even experienced traders get rekt there.

So try to focus on the spot market for now, and gradually start messing with leverage as you gain experience (although not advisable)

[junkerr]

I'm not sure if futures trading is good for beginners. but I also tried it myself with a little knowledge. some times it is profitable, but more often loses.
I realized that futures trading can't be done just for luck. require more skill than those who trade spots.
for myself, a beginner is better off investing long-term.

[muarip]

I'm not sure if futures trading is good for beginners. but I also tried it myself with a little knowledge. some times it is profitable, but more often loses.
I realized that futures trading can't be done just for luck. require more skill than those who trade spots.
for myself, a beginner is better off investing long-term.

It's natural to see the increase or decrease of a coin that you have. If you have good knowledge maybe it will be very easy to make $100 a day but maybe more. so you should look for more in-depth knowledge about what you are playing right now.

[pieppiep]

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

[Awwal08]

Is trading in futures a good idea for a beginner?
My personal opinion is that it is not advised for a beginner to get involved in futures trading because even professionals and specialists lose money on some of their trades. Before you get started, you as a beginner need to learn more about cryptocurrencies.
Knowing all of this, invest just what you can afford to lose because the future is far off.

[tvplus006]

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

Before using future trade, you need to master spot trading perfectly. And the result of such trading for you should be getting a stable profit. If you are still losing your money as a result of trading, then it is definitely too early for you to switch to futures trading, since the risks of such trading are much higher than on spot.

[Dollar_Hunter]

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

Futures trading can indeed give you a lot of profit but if you know that futures trading is very risky,
I have experienced it myself!, I lost $100 easily, and earned $100 easily, so it's better to avoid it and trade healthily in the spot market.

[GatotKaca]

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

Futures trading can indeed give you a lot of profit but if you know that futures trading is very risky,
I have experienced it myself!, I lost $100 easily, and earned $100 easily, so it's better to avoid it and trade healthily in the spot market.

you experience it, as do many people who have tried trading futures. This is not something easy because our assets could be lost in a short time.
although it can make a quick profit, we will never know how we profit or lose. Futures trading is almost like gambling to me. I am more suitable for spot trading.

[Cryptornd]

not ofcourse. you need time to educate about trading . so you can invest your money to projects which has minimum risk such as bitcoin and ethereum. and you can use paper trading platforms such as


thinkorswim
Pilot Trading
NinjaTrader.

[Silberman]

Some friends ask me for advice on futures trading but I advise them not to trade futures because it is riskier to lose money quickly. And futures trading will also look like a gamble if we cannot analyze it. Luckily, they followed my advice but I don't know what they were doing behind my back because I wasn't with them all the time. The bottom line is don't try to trade futures if you don't know how to trade properly.

At least it seems your friends listened to you and were able to avoid losing money while trading futures, however there are a lot of newbies which come here asking about it and after they receive our answer they decide to not listen, they believe they are smarter than us and that somehow they can obtain profits with futures trading even when the majority of the traders are unable to do this, and when the inevitable happens and lose money they come to complain about it, forgetting we warned them and they decided to ignore us.

[TheUltraElite]

It's natural to see the increase or decrease of a coin that you have. If you have good knowledge maybe it will be very easy to make $100 a day but maybe more. so you should look for more in-depth knowledge about what you are playing right now.

100$ a day is pretty difficult to make on an average market day. Spot trading might yeild the worse results on a single day but it's long term effect is good, because of the cumulative profits. The futures trading is a gamble for a few days which can lead to short term huge gains but this is based on your luck and therefore not much skills to put in.

In depth knowledge is limited in this space. There are places where you can learn but most coins don't give out information that can help you with futures trading, because most of that is insider info and majority of projects are giving only smoke and mirrors.

[gabbie2010]

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 a newbie desist from future trading because it the most risky of all the trading options available, a lot of inexperience traders and newbies account got liquidated within a jiffy because of lack of all the needed skills and knowledge to become profitable, preferably you can start trading with Cross margin which is 3x for a start because it is is less risky and don't be carried away with all sort of Advertisement on social media of some so called traders who display fake profits earned from future trading in a bid to convince newbies to subscribe to their channel or to encourage them to future trading.

[carlfebz2]

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 a newbie desist from future trading because it the most risky of all the trading options available, a lot of inexperience traders and newbies account got liquidated within a jiffy because of lack of all the needed skills and knowledge to become profitable, preferably you can start trading with Cross margin which is 3x for a start because it is is less risky and don't be carried away with all sort of Advertisement on social media of some so called traders who display fake profits earned from future trading in a bid to convince newbies to subscribe to their channel or to encourage them to future trading.

Risky indeed and when you are still just a noob then it would be better if you do start up with spot trading because you would really able to bare out when it comes to volatility aspect.

We know that futures trading is something that could blown out an account in a shortest time as possible whenever the market do make out some opposite movement on what you had positioned.

This is why its not recommendable since it would really be that too technical nor even does require extreme knowledge towards on this type of trading.

[blockman]

A newbie shouldn't engaged with futures trading that quick. Try to look for any simulator and start from there and imagine how much money you've got in real life that you're about to deal with futures trading and then do it with the simulator.
You'll see why many are telling you that you shouldn't do it yet and better go with the spot trading because it's the better choice that you must do  to experience yourself the volatility from different trades of spot and futures.