Is Binance futures good for beginners?

Yes, Binance Futures is a reliable trading option for beginners. Futures trading for beginners can be tricky if the platform is too complex or lacks the right educational tools. Binance solves this by offering a minimal approach towards the crypto derivatives market and leverage trading — the fundamental elements of futures contracts. Note that regardless of the platform you choose, futures are relatively complex financial intruments. Do not trade futures without a solid understanding and plan.

How to make $100 a day on Binance?

To make $100 a day trading Bitcoin futures on Binance with BTC priced at $60,000, employ a strategy with careful risk management. Begin by setting a daily goal of $100 with a $10,000 account, using 10x leverage. Risk 2% per trade ($200), buying BTC at the supposed price of $60,000, setting a stop-loss at $59,500 to limit losses to $200, and aiming for a profit target of $60,300 to gain $150. This approach uses a 1:1.5 risk/reward ratio, requiring precise execution and active monitoring to adjust stop-loss and take-profit levels as needed. Note that this is theoretical. Profits are never guaranteed.

How do you trade in futures crypto?

To trade in crypto futures, you need to first start by creating an account. Then, you need to fund the futures wallet, learn the basics of futures trading, the concepts of leverage and margin, and start analyzing elements like the funding rate, open interest, and more to kickstart the proceedings.

How to take profit in Binance futures?

You can set a take-profit order at a specific price. This way, you can lock your profits. This aspect is necessary in the world of cryptocurrency derivatives trading as you can quickly book profits by closing the contracts before the market turns against you.