🎯Margin Ratio: This is a key indicator of your position’s health. It shows how close your account is to liquidation. A high margin ratio means you’re using a significant portion of your margin, increasing the risk of liquidation.
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🎯Limit Order: This option allows you to set a specific price at which you want to enter or exit a trade. The order will only execute if the market reaches your target price.
🎯Market Order: With this, you can enter or exit a trade immediately at the current market price. Market orders execute quickly, but they may not always give you the exact price displayed due to market fluctuations.
🎯Stop-Limit Order: A combination of stop and limit orders, this type triggers a limit order when a specific price is hit. It's useful for setting entries and exits to minimize losses.
🎯Take Profit / Stop Loss (TP/SL): This feature helps you manage your trades by setting a take-profit level (where you want to close in profit) and a stop-loss level (to limit potential losses).
🎯Leverage Adjuster: Futures trading on Binance allows you to adjust leverage (up to 125x on some pairs). Higher leverage increases both potential profit and risk. Start with lower leverage to manage risk better as a beginner.
🎯Cross/Isolated Margin: Cross margin uses your entire account balance to cover margin, reducing the risk of liquidation. Isolated margin limits the amount used for each position, so if that position is liquidated, it won't affect your full balance.
🎯Position Information: This shows details on your open positions, such as entry price, current price, profit/loss (PnL), and more. Monitor this closely to track the status of your trades.
🎯Order Book: The order book shows current buy and sell orders at different price levels. It helps you gauge market sentiment and potential price movements.
🎯Chart View: The chart lets you analyze price movements, identify trends, and plan entries/exits. You can add indicators here to assist with your trading strategy.
🎯Recent Trades: This section shows the latest trades in the market, giving you a real-time look at buy and sell activity.
🎯Order History: This keeps a log of all your past orders, whether they were filled, partially filled, or canceled, helping you review your trading history.
🎯Funding Rate: Binance Futures has a periodic funding rate, a cost or rebate based on the difference between futures and spot prices. Positive rates mean long traders pay short traders, and vice versa.
🎯Open Orders: This shows all your pending orders that have not yet been executed. You can modify or cancel them from here if needed.
Understanding these buttons will give you greater control over your trades, risk, and overall strategy in Binance Futures trading. Let me know if you'd like more detail on any specific button or function!
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