How Binance Futures Trading in Benefiting the Experienced and Novice Traders?

by Trailing Crypto cryptocurrency experts

Futures trading could be profitable, if a trader understands the market. Most of the traders spend years in trading without even understanding how the market works, and this leads to unsuccessful trading. With years of experience, the pro traders study the market actively and as per their opinion, Futures trading is the best way to earn money in crypto trading.

Binance Futures Trading

Futures trading offer the unique opportunity to the traders to earn profits regardless of the market’s direction. There are chances that the price fluctuations may either boost their portfolios or can go short. These features have made this kind of trading as one of the most preferred options among crypto enthusiasts. On Binance Futures trading platform, the traders can go long or short with leverage to reduce risks or seek profits in the volatile crypto market. By going long, the trader is buying a futures contract with an expectation that it will rise in value in future. And, conversely by going short, the trader will bet on prices to decline in future.

If you want to start trading on Binance Futures, you must follow the below steps:

  1. Deposit USDT, BUSD into the USD-M futures account as margin and other coins in COIN-M futures as margin.
  2. Select the leverage level
  3. Now choose the order type like if you wish to buy/sell
  4. Define the number of futures contracts that you want to own

Binance Futures trading allows its traders to trade with leverage/margin where he makes use of the borrowed funds from Binance exchange to increase his trading position beyond what he could obtain from his available cash balance alone in his wallet.

The traders use futures trading as a hedge against the spot markets. The ability to use the leveraged funds increases the profitability of any trade. For example, a trader with an account balance of $100 could use 10x leverage and may borrow $900 to enter a long or short position with $1000. If the trade goes in his favor, a 10% price change could help him double his funds within a shorter period.

What’s new in Binance Futures trading?

Not only the experts, but the inexperienced traders are enjoying the benefits of Binance Futures to sharpen their crypto trading skills. According to latest news, Binance Futures is launching USDT-margined GMT perpetual contracts with up to 25x leverage at 15 March, 2022. This means that now users will be able to select between 1-25x leverage.

Things are getting more interesting in Binance Futures as the platform has introduced a chatbotthat will encourage its traders to share their experiences. They will discuss their trading strategies to help other traders succeed. This will also help traders to stay up-to-date about the latest trends in crypto trading market.

Binance Futures allows grid trading which is a static tool to automate the buying and selling of the futures contracts at preset intervals around the present price range. This helps traders to earn profits even on the small price fluctuations.

One of the key benefits of grid trading strategy is that it allows traders to trade smartly and systematically without knowing the need to forecast the market trend. So, instead of watching the market continuously, one may set up the grid trading strategy on their trades on Binance. If you are an advanced trader, you may go to the Binance futures strategy trading to put your grading strategy in practice. They may manually customize and set the grid parameters on their own. The beginners may use Binance trading bots to automate their trades based on the preset strategy by experts on the exchange,

Automated trading bot for Binance

Binance trading bot analyses the changes in the price in market across all coins on Binance futures and place trades on the most volatile ones automatically. It also keeps track of all the crypto assets bought, and then sell them according to the pre-specified take profit and stop loss levels by the trader.

The Binance Futures trading bot works on the grid trading strategy. To use this, one has to open the Binance futures account first as the bot is available on Binance futures only. The traders can also create their own crypto trading bot on Binance futures and this has gained huge popularity. One can either choose copy/paste bots that everyone is using or you may develop your own unique algorithms to outperform.

 A Binance trading bot trades on the behalf of its traders based on the preset rules and strategies that the traders set for them. They execute trades by making use of algorithms to make buying and selling decisions automatically.

Why should you trade on Binance Futures?

There is no secret that derivative trading is becoming highly popular these days and more traders are taking the opportunity to make quick profits. And, Binance Futures is one of the best options that will get traders closer to achieving their crypto trading goals.There are numerous benefits of trading futures on Binance, let’s have a look at some of them:

  1. Binance Futures offer a huge selection of cryptos to its traders and there are more than 530 crypto-to-crypto trading pairs.
  2. Due to the enormous selection of trading pairs, Binance Futures have become ones of the most liquid derivatives exchange in crypto trading market. Here the traders can always expect the buy and sell orders to get filled instantly without worrying about the slippage.
  3. The most attractive feature of this platform is its lower fee structure.
  4. Binance Futures also provide a wide range of leverage for accounts with a balance of $0 to $50,000 so that the trader can grow their portfolios.
  5. Now what’s even more attractive and fascinating in Binance Futures is its ability to make profits regardless of the market direction. Traders can implement different strategies and tools to earn profits like grid strategy, Binance trading bots, and more.

So, do you wish to trade Binance Futures? Even the inexperienced traders are taking the advantage of this platform. What you can do is, you can trade futures by making use of the third-party crypto trading platforms like TrailingCrypto. You can make a personalized strategy or the third party strategies in these platforms to earn more profits.

Sponsor Ads

About Trailing Crypto Advanced   cryptocurrency experts

28 connections, 0 recommendations, 135 honor points.
Joined APSense since, July 8th, 2019, From Gurgaon, India.

Created on Mar 17th 2022 11:42. Viewed 276 times.


No comment, be the first to comment.
Please sign in before you comment.