Understanding the Futures Trading on Binance

 Understanding the Futures Trading on Binance

Futures trading in cryptocurrency dates back to 2017 and Binance has become one of the frontrunners in the arena. A considerable volume of trades are being executed daily in the Futures market and it is time you try to understand the topic.

Why Futures instead of buying spot?

• ·         Fast and Quick means to grab the profits when you spot an opportunity
• ·         No requirement of holding the underlying cryptocurrency
• ·         To short an asset when you spot a downtrend
• ·         Employ advanced trading techniques based on Technical analysis
• ·         Ability to leverage your assets to get the best returns
• ·         Appropriate risk management measures  like Stop loss                

 

Why Trade Futures on Binance?

When the No.1 player in the market provides the best service and competitive rates for the traders, there is no reason to opt for the second best. Binance has emerged as the top-tier crypto currency exchange in the market in the last 4 years.

·         Allows trading in more than 140+ asset pairs – This is one of the prime requisite for any futures trader. Having a diverse pie of assets to choose for increases your chances of finding the right trades in every market.

·         Sufficient liquidity to execute your trades – There are exchanges where when you identify an opportunity for making profit and put in a buy order, you will painfully realize that nobody is selling in the exchange. Binance is one of the most liquid exchange in the market and  sufficient liquidity is omnipresent in the exchange.

·         Competitive trading fees – Among the top-tier exchanges in the market, Binance provides competitive rates for futures trading.

·         Additional 10% reduced trading fees – If you choose to pay your trading fee with the native token of Binance- BNB, you get an additional reduction of 10% in trading fees.

·         Binance Futures Signals gives the traders real-time trading alerts. This can be utilized to make appropriate trade entries, stop loss and take-profit orders for the position.

Final Thoughts

For anyone making their way into the crypto currency market, Spot trading is the location they need to dive into. Once you have done that and has understood the nitty-gritty of the market, Futures trading holds another avenue to maximize your position.

With the Binance Futures, you can employ some of the best Futures trading strategies available in the market inculcating adequate risk management measures to make the right entries and the right exits. Futures trading is absolutely profitable for the right traders and at the same time, the importance of the right risk management measures to avoid losses needs to be stressed upon. Do your own research before trying out futures trading, but when you do choose the best player in the market to avoid exchange risks.   To understand more on Binance futures, open an account now - https://www.binance.com/en/futures/ref/182866062

Note :  A series on the appropriate futures trading strategies and right risk management measures is on the roadmap. Subscribe and stay tuned.