Binance Futures Trading What you need to Know-step-by-step Guide



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Binance is one of the largest and respected crypto trading platformthat allows traders to trade hundreds of cryptocurrency. The exchange has bolstered its offerings after beginning as a spot trading exchange whereby traders could only profit on prices moving up.バイナンス 評判 


What is Crypto Futures Trading?


Binance futures trading is the latest sensation that allows traders to use leverage and profit on prices of altcoins moving up and down. As is the case with CFDs, one can open long and short positions in the platform to profit as prices fluctuate.


Cryptocurrencies' prices do not always move up. Given the extreme levels of volatility, prices do experience severe downward price action. Conversely, the Binance Futures trading platform makes it possible for traders to speculate on price moving lower and consequently generate profits.


Likewise, the platform allows traders to engage in leverage trading. In this case, traders only have to put a small amount to open large positions. A leverage of as much as 1: 100 allows traders to maximize returns by trading more than 100x funds in the account.


Opening a Futures Account


Trading futures contracts in the cryptocurrency market is straightforward. All you have to do is open a regular Binance account then a Binance Futures tradingaccount to access the Futures interface. Given that all futures contracts in the platform are traded in Tether, you will have to deposit some Tether to start trading.


The Binance futures interface gives all the chart information that one needs to speculate on the price of various cryptocurrencies. It also comes with a depth chart and order book as well as all the latest trades posted in the market.


In addition, traders also stand to access all the information about the trading activity as well as all trades processed in the platform. Conversely, one can track performance and understand all the trades executed in the past.

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