How tough is futures in comparison to spot trading
How tough is futures in comparison to spot trading
I plan to learn futures trading and dive into it fully, I’ve been demo trading for a while now and I’ve been doing fine and I think I can make the big jump now maybe because the exchange I’m using is offering events for first time futures traders lol
But I’m sure you guys have traded futures a lot, how hard is it compared to spot?
Don’t. Futures has a liquidation to your asset which is strong disadvantage when trading a very volatile asset like cryptocurrency. Spot itself provides huge volatility for a huge profit potential so you just need to just accumulate via spot trading until you built your holdings and wait for the tokens to grow without getting the risk of being liquidated.
At least on spot trading, you will only experience paper loss once the price dump but you can recover it back once price return above your buy price which is not an option for futures trading your funds was loss once you are liquidated.
Just trade with spot and play safe if you are new to trading.
Future trading is riskier than spot trading. I always advice my friends not to go into future trading because I know how risky it is.
If you are able not to use high leverage but using low leverage, it will help you. But most derivative traders are tempted to use high leverage and losing.