
Learn how futures leverage works in cryptocurrency trading, using collateral to access 20x to 125x positions, and how leverage amplifies both profits and losses in long or short trades.
Open a Binance futures account by first creating a regular account, securing it with either phone or Google verification, and using the referral code afmy042 for a 10% discount.
Explore the futures trading interface, learning perpetual and delivery contracts, cash settlement versus coin settlement, market price, index price, and funding rate, plus reading the order book and managing positions.
This course will teach you how to trade cryptocurrencies in the futures market. You will learn how to SHORT trade, how to LONG trade, when to use each one and the difference between them. You will also learn how price moves in the real world, how to read cryptocurrency price charts (candlestick charts) to help you decide what direction the market is likely to go next in order to open your SHORT or LONG positions. In addition to all this, this course will teach you how to use important tools like the Futures Calculator to calculate things like the price to exit a position (close your trade) if you want to make a certain amount of profit, what price you will liquidate at using your current settings etc. You will also learn about Leverage and how it affects your SHORT or LONG position.
As part of the course, you will create your own test account on the Binance Futures Test platform where you can practice your trades with virtual money so you can master your strategies and gain the confidence to begin trading with real money in the real market.
Unlike other courses which confuse students with difficult and technical language, this course breaks down futures trading concepts into simple to understand everyday English that is suitable for everyone, especially those who are complete beginners.
Finally, this course teaches the most common mistakes beginner traders make and how you can avoid them. As you go through the course, you will get the ability to ask whatever questions you might have surrounding the topics you have learned and the instructor will be available to answer these questions.