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

[bocyaj]

Do you hold huge amount of free money to waste by playing games,then you can choose the future trade.Being a starter ,you should learn all the trading strategies for one year of time.Then you get some profit from,at last use that profit to get double profit or loss from the future trading is based on your skills.Learn the trade before the future trading in crypto currency.

[kawetsriyanto]

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?

Although it is on the Binance exchange, it is not recommended to try by a new trader.
Future trade is only for experienced traders, and it is for those who have enough knowledge about the price fluctution.

For new traders, it is better to focus on a spot trade, it is safer than future trade. I am sure a new trader should take a long time to know well spot trade, it is better to focus on 1 type of trading first. If you have experienced spot trade for a year, then you can start to learn margin or future trade. However, it is not a must to try them if you think it is too risky. Choose which one you think is most appropriate for you only!!

[Silberman]

Do you hold huge amount of free money to waste by playing games,then you can choose the future trade.Being a starter ,you should learn all the trading strategies for one year of time.Then you get some profit from,at last use that profit to get double profit or loss from the future trading is based on your skills.Learn the trade before the future trading in crypto currency.

Regardless of the amount of money that we may have trading the futures market is a mistake if you're not ready for it, after all compared to the amount of money that moves in the markets whatever the amount of money that we may have is always going to pale in comparison, so if someone wants to take that kind of risk they are free to do so but they should at least wait until they are remotely ready for it, otherwise not only they are going to lose their money they are not going to learn anything from it.

[sumant]

My answer is no. Future trading is risky job  because of its its leverage system. I always campare future trading with gambling. Just like games you might won some matches but you will lose whole amount on next time. One day In future trading you will take high leverage and going to loss your money. In future only experienced trader can earn with low leverage so it is not good to start with.

[AmoreJaz]

My answer is no. Future trading is risky job  because of its its leverage system. I always campare future trading with gambling. Just like games you might won some matches but you will lose whole amount on next time. One day In future trading you will take high leverage and going to loss your money. In future only experienced trader can earn with low leverage so it is not good to start with.

i also don't advise to go to futures if you are relatively new in this market. you can easily get liquidated in this type of trading. so if you are a starter, why not try your hands on spot trading first? you may hear that futures can give you nice profits, but that is, if you know what you're doing. but since you are a beginner, you need to grasp the basic trading first.

[Hypnosis00]

I hope OP will listen to us and read the sentiment on why Futures trading is not advisable for beginners. However, I'd make myself a reason for your failure, you can try it in order to see what really is this Futures Trading. It was hard to verify the situation and the risk of this if not doing it in actuality. As long as you are ready to make a loss of your money, then have tried it. Who knows actually if you are good in future trading than spot trading, sometimes it happens like that.

[goinmerry]

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. Familiarize with Spot trading first and gained some knowledge of how trading works.

There will be no such caution as "Future trade can be very risky" just for nothing.

After becoming used to how trading works, you can now start learning how the future works. Do some trials with a fair amount and start learning.

Sometimes I wonder where people get their information to the point they believe that a complete newbie can engage in futures trading and somehow make money with it, people need to do their best effort to keep it simple, no one no matter how smart they are and how many books they have read about trading is ready to trade futures, they need to at first familiarize themselves with how the process of trading works, then learn how to deal with the losses that they will experiment, then they need to become profitable for a long time and only then they will be ready for futures trading.

Simply, the most reason is, that they saw others getting good profits in Future. They think that by doing Future, earning money is quite easy. They will just engage in Future trading without any experience and will just go with the flow. The result is obviously wrecked in most cases.

Sometimes, it's good that these newbies will learn the hard way in order to understand the risks they are dealing with. Lesson learned after experiencing the worst and they will be careful next time when doing Future trades.

[ololajulo]

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

Experience in trading does not prevent one from the risk of future trading, one might only understand the risk better. Even spot trading has risk but not at the level of Future trading. Both trade do well in the bull market and future get to be more rewarding in the bull, however, the loss is very high with any swing. It is too speculative and we dont know all the factors that affect the market price movement, some believe technical analysis cant reduce the risk

[harizen]

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?

Obviously, since you said "new trader" it's like a suicidal move if they will engage right away in Futures. This feature is different from the usual Spot Trading and knowledge about doing Futures before an actual engagement is really necessary. Definitely, you will soon build experience in Futures but don't rush.

As a new trader, learn and familiarize yourself first with how the usual trading works. There will be a time that you can now consider yourself ready to learn new things and that is building an experience with Futures trading now.

[Peanutswar]

It is good if you make an investment with your knowledge first like what are the fundamentals of the trading concept by that you can now easily execute the trade with the use of the patterns that why we have the term of technical analysis we analyzed thegiven chart pattern to make a good position to trade.  Also it is good to find a platform supported a paper trade afaik trading view supported this feature.

[Digital_Lord]

For future trading individuals with keen mind can gain points but it is not viable that value which is theorize will get it or not. Those who had some best time with crypto will be experienced and they surely utilize certain appliances to reduce hazards and newbies does not know about it. I think the newbies should initiate by taking part in simple task and future trading is relatively complicated and unsafe.

[autumnleaf]

It is not advised if you are just getting started. Just as the majority of member here suggested, it is advisable to start with spot trading and build expertise before moving on to futures trading because futures trading is similar to gambling. You have a ton of chances to become involved with things and do well. So, after you have a firm grasp of how everything operates, I believe you can begin to put your experience into practice.

[tbterryboy]

It is not advised if you are just getting started. Just as the majority of member here suggested, it is advisable to start with spot trading and build expertise before moving on to futures trading because futures trading is similar to gambling. You have a ton of chances to become involved with things and do well. So, after you have a firm grasp of how everything operates, I believe you can begin to put your experience into practice.

He can engage on it but not on the real thing first. Just like in trading we have demo versions so I think it is also available in futures trading. By there he should practice properly and once he is familiar on the terminologies and on how things work, he is now ready to put some coins on it. You said futures trading is similar to gambling?

But, what about the regular trading (spot)? I think it was the same. It's also being linked all the time with gambling but the only difference I think is that gambling is more enjoyable and easy to operate. There are no difficult terms or mechanics to know but as long as you have a coin, you can start asap.

[ultrloa]

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?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Even pro traders busted all their money for wrong prediction so it gives more huge risk for newbies to try on. Especially right now market is even more u predictable that's they should forget about this and learn other trying like taking spot trades for several months. For sure we can learn a lot from our experiences in trading and provably we can use this when we try to take a huge risk on trading in binance futures.

[AicecreaME]

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?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Even pro traders busted all their money for wrong prediction so it gives more huge risk for newbies to try on. Especially right now market is even more u predictable that's they should forget about this and learn other trying like taking spot trades for several months. For sure we can learn a lot from our experiences in trading and provably we can use this when we try to take a huge risk on trading in binance futures.

We can't blame them if they want to try futures trading because for sure they are seeing a lot of videos regarding about it, making a lot of money on it. The only misconception about it is that they thought it could be learn overnight and it'll make you rich overnight, but it is the other way around.

I believe the best advice for those who are itching to make profit in futures even though they are newbies is that they should have a lot of patient, perseverance, dedication, and commitment, and of course a goal. Trading halfheartedly will never gonna bring them to a high level of trading.

[Pandu Geddon]

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?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

many have advised the OP not to trade futures when he has no experience with this. especially in futures trading. even in spot trading, futures trading will have a greater risk.

I follow the telegram group regarding trading signals. some people show off their futures trading results. it looks easy and tempts us to try it. but they show results when they are lucky. why not share when the trades made used up all the assets?
however, for beginners would be better to learn it first. while learning can try investing. I guess it would be safer.

[kawetsriyanto]

We can't blame them if they want to try futures trading because for sure they are seeing a lot of videos regarding about it, making a lot of money on it. The only misconception about it is that they thought it could be learn overnight and it'll make you rich overnight, but it is the other way around.

Exactly. They are innocent, it is natural that someone has an intention to try something interesting. There are too many confession videos that people can be easily successful to gain a lot of money through trading future. Some beginners may think it is easy to do, in fact it requires sufficient knowledge and experience in trading. They just realize it once they have already tried the future trading, sadly it is after they lose some money. In this situation, wise beginners should stop it but greedy beginners don't care and continue to trade as they assume to have a chance of gaining huge profits.

I believe the best advice for those who are itching to make profit in futures even though they are newbies is that they should have a lot of patient, perseverance, dedication, and commitment, and of course a goal. Trading halfheartedly will never gonna bring them to a high level of trading.

For those beginners, you are better to focus on learning first and begin the trading journey with spot trading. Now, just ignore the intention to try margin or future trading since they are only for experienced traders. You can try them someday, when you think that you have enough knowledge and experience to try margin or future trading.

[ScamViruS]

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?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Futures trading is for those traders who have good knowledge about the market and can do market analysis properly. Futures trading will be more risky in the current market conditions. New traders are looking for ways to make quick profits as soon as they enter the market, but they are not interested in gaining knowledge about crypto trading. Which is the most important thing for a trader. I advise new crypto traders to first acquire the ability to properly trade profitably in the spot market before moving into futures trading.

[Lanatsa]

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?

Futures trading obviously has a very high risk, even for professionals, it is very risky. if it has high risk, then it is not recommended for new traders. it's just, if you want to try it, then don't use the money you need for it, and try to use minimal funds. if you are new to trading, then I don't recommend trying it. You can find information about how futures trade works from various sources on how it works.

Futures trading is for those traders who have good knowledge about the market and can do market analysis properly. Futures trading will be more risky in the current market conditions. New traders are looking for ways to make quick profits as soon as they enter the market, but they are not interested in gaining knowledge about crypto trading. Which is the most important thing for a trader. I advise new crypto traders to first acquire the ability to properly trade profitably in the spot market before moving into futures trading.

The time that you should consider yourself on touching up futures is on the time that you've been trading up for too long or do have sufficient knowledge and skills towards the market because you cant able to bare

up the risk involved and you would just definitely be burning up your money in fast pace manner and its never been suggestable that you should touch up futures when you are just starting up
on doing trading.You might able to make money at first but on longer run you would able to realize that it wasnt really be that easy.

Get yourself to be effective on spot trading first before tending to jump into other types of trading.

[sulendra12]

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 mean, the exchange already told you to be careful when doing future trades. If you are really confident with your skill, then go for it since it's your money after all. Otherwise, just avoid it especially for new traders. It's not something that could make profit for new traders due to the risk.