Lately I often see comments from newbies: "A $50 deposit evaporated on futures", "The coin went the wrong way, and I'm in the red", "I entered on a signal, and the market went in the opposite direction." These stories are repeated over and over again.
The problem is that many new traders, inspired by YouTube videos or posts about big profits on futures, start trading without even learning the basic principles. As a result, they lose their deposits.
I would like to share some important tips that will help you preserve your capital and understand the basics of futures trading:
1. Choose a strategy. Before you start, study at least 5 different strategies. Find the one that suits you and start trading only with it. Blind trading is a path to failure.
2. Risk management is your best friend. Never open positions without stop loss and take profit. The optimal ratio is 1:3 (risk/profit). This will ensure a balanced approach to each trade.
3. Avoid high leverage. For beginners, the optimal range is from 2x to 5x. High leverage increases the risk of losing capital.
4. Use isolated margin. This will help minimize losses in case of an unsuccessful trade and protect your main deposit.
5. Do not trust copy trading and signals from social networks. 90% of such signals are unconfirmed information, which most often leads to losses.
6. Keep a trader's journal. This is an important analysis tool. Use online journals to track your trades, identify mistakes, and improve your strategy.
The main rule: futures are high-risk trading. Use only those funds that you can afford to lose. If you are not ready for such risks, it is better to start with trading on the spot market.
Please write your thoughts and additions in the comments - we will discuss and possibly expand this list of recommendations.
#IntroToCopytrading #futures #Futures_Trading #FuturesLiquidations #CryptoMind 
