what is up everyone i'm diana and welcome back in top crypto and now we're going to talk about
binance futures but before that please notice our disclaimer since i'm not a financial advisor so
this video is for informational purpose only so without further ado let's start
what is binance futures finance recently launched a futures trading platform finance futures that
allows traders to use leverage and to open both short and long positions after our first look
and test positions we can say that the platform is very similar to that of finance spot exchange
which makes the transition very easy finance is a cryptocurrency only exchange
which means it's not possible to deposit fiat currency finance provides users with a hot wallet
a hosted cryptocurrency wallet that is used to hold capital that users intend to trade depositing
or withdrawing cryptocurrency with binance is as simple as any everyday cryptocurrency transaction
so get started all you need is to click the link down below and actually get to binance dot com
then you can actually click on finance derivatives and actually get started now after you click in
here all you need is to choose one of them okay so let's choose usd for example and now when
you get in here so you actually can get started now in finance features the main idea is that it
actually supports a wide range of crypto assets to as collector and you can actually select your
preferred feature contract and that way actually to start trading now there are two ways of trading
but we're going to get in today but before that i want to explain just a little bit in details
what we're going to look at and then we're going to get started with trading so first of all if
you haven't logged in yet log into your binance account and in order to get started what you need
is to scroll down and actually when you get in here you actually click on transfer and then you
can actually transfer from your binance balance to in here and actually you can get started okay
now after you transfer you will have some balance in here and you will be able to start working with
that now after you selected to transfer from at the bottom from your wallet to the usdm feature
wallet you can actually get started now you can select different contracts in here as you
can see but let's just look on btc asked for now and you can actually start trading the contract
according to your own research you can actually if you're assuming that you know that the price
of it will go up or will go down now you have two main options to do that so first of all you can
actually choose cross course it's very very very risky it means that you're actually choosing to
we'll call it gamble but you actually um you put at risk all of your balance in our own binance
okay all of your crypto balance which is pretty risky so the easier way for beginners to get
started is to choose isolated and then you can actually choose the option which is to only the
money that she put okay that you chose in here okay let's say for 400 so this is the amount
that you want to trade and you want to put a position in here now you can actually also
adjust the leverage now as you can see on the leverage in here you can get an up to 125x which
i wouldn't recommend almost in any circumstances in the world because it's very very risky i think
that if you're getting started you shouldn't look over 10x or 11x because as a beginner it's always
recommended to get started small learn from your small wins but usually small mistakes and actually
slowly but surely get into this trading because you generally can make money from trading i'm not
saying you cannot but especially when you're a beginner and you have a lot of um a lot of
details that you need to keep track on it's very very important that you will look on your past
mistakes and past experience and actually slowly learn that we'll call it the trading language
now there are two main positions that we're going to talk about today
the limit one and the market one let's use the limit one for reduce only and actually when we
are doing that you actually become a market maker okay it means that if your order is get fulfilled
it's actually worse if it doesn't fulfilled so nothing happened in that aspect you can actually
save fees in that position you actually providing liquidity okay so it means that you have a risk
of course but your risk in here is much lower usually because it doesn't even 100 will happen
okay and you can actually choose where do you want to up at the position in order to withdraw
it with profit now with the market it's easier to place but it costs us because you actually
use liquidity that you already have so that you that it already exists so for example if you think
that beat the bitcoin will drop it to a certain amount so you actually choose the limit once so
what you choose is how much from the percentage you're willing to risk from on what you have now
i'm not putting a 20x on as i said as a beginner i would totally recommend to not go over 10 or 11x
make sure that you keep in mind your risk tolerance and your risk management so you'll
not get into this big but you just get into it and go away but you will actually be able to
work with this and actually make some money from it when i click on market in here so i immediately
buy a contract but remember that i paid for it so for saving on fees to our choose the limit
order our post only will be a smarter decision now if you want to get in as fast as possible so
sometimes it will be smart to choose the market and actually buy immediately because sometimes
you have chances that literally happens in minutes sometimes you don't have even the time to wait if
something will be fulfilled or not so you're choosing to buy the contract and get started
now to withdraw your profit is very very easy all you need is to scroll down and actually click on
transfer okay and then you choose what you want to transfer which coin that you traded and actually
you choose from where you want to utter transfer so for example after you transfer to the usd and
actually you trade it so you can trade from here to your spot wallet which is your balance
and finance now after that all you need is to go to the binance wallet and then just click on
withdraw and to withdraw it to your wallet whether it's your hardware wallet or your online wallet
now i know that it sounds complicated especially if it's the first time that you hear about trading
but you will see that after time you will see that it's only a language that you need to understand
and then you will be able to get started now in order to avoid all this complication
and time that you invest you can actually choose something better that actually will
help you to make better decisions so that's all for binance feature come visit subscribe
and watch out for another videos here in top crypto thank you for watching