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Nairaland Forum / Nairaland / General / Business / Crypto Futures Trading Signal And How People Earn From It (181 Views)
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Crypto Futures Trading Signal And How People Earn From It by Vsammi1: 1:04pm On Jul 30, 2023 |
Crypto futures trading is a way for people to make money by speculating on the future price movements of cryptocurrencies like Bitcoin or Ethereum. Instead of buying and holding the actual cryptocurrencies, traders enter into contracts called futures. |
Re: Crypto Futures Trading Signal And How People Earn From It by Vsammi1: 1:04pm On Jul 30, 2023 |
Here's how it works: Understanding Futures: A futures contract is an agreement between two parties to buy or sell a specific cryptocurrency at a predetermined price on a future date. The buyer of the contract hopes that the price will go up, while the seller hopes that the price will go down. Leverage: One of the reasons futures trading can be attractive is because of leverage. Leverage allows traders to control a larger position with a smaller amount of money. For example, with 10x leverage, a trader can control $10,000 worth of Bitcoin with only $1,000 of their own money. 1 Like |
Re: Crypto Futures Trading Signal And How People Earn From It by Vsammi1: 1:05pm On Jul 30, 2023 |
Long and Short Positions: In futures trading, you can take either a long or a short position. If you go long, you expect the price to rise, so you buy a futures contract. If the price goes up, you can sell the contract at a higher price and make a profit. On the other hand, if you go short, you expect the price to fall, so you sell a futures contract. If the price drops, you can buy back the contract at a lower price and profit from the difference. Managing Risk: Trading futures involves risks, as prices can be volatile. Traders need to be careful and set stop-loss orders to limit potential losses if the market moves against them. |
Re: Crypto Futures Trading Signal And How People Earn From It by Vsammi1: 1:06pm On Jul 30, 2023 |
Timing and Analysis: Successful futures traders often use technical and fundamental analysis to predict price movements. Technical analysis involves studying past price patterns, while fundamental analysis considers factors like news, market sentiment, and the overall state of the crypto market. On the other hand, some others are successful by following the buy and sell signals given by proven traders with verifiable results. Many people prefer to start with a small amount of money and gain experience before committing more significant funds to futures trading. Always be cautious and never invest more than you can afford to lose
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Re: Crypto Futures Trading Signal And How People Earn From It by clintino700(m): 2:16pm On Jul 30, 2023 |
I have little knowledge, try it in January and lost over $400. then i stopped. i needed proper guide. paste the group link for me. thanks |
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