Crypto Futures Trading

Crypto futures markets are continuously growing and gaining more popularity, contributing billions of dollars in trading volumes daily.

What is Futures?

Futures is a contractual agreement between two parties to buy or sell any underlying asset at a predetermined future date and price. The futures contract derives its value from the underlying cryptocurrency.

  • Speculate on Market Direction — Long or short
  • Hedge Price Risk
  • No wallet required
  • Leverage

Different Order Types

Market Orders: Market orders are considered the most basic order type. It is essentially an order to buy or sell at the best current price. For these orders, you have to enter the order quantity.

Tips for Crypto Traders

1.) Build a Trade Plan

The basics of crypto futures contracts are pretty easy to understand. Developing and implementing a trading plan could be the most important thing you do to before doing futures trading.

2.) Learn Technical Analysis Basics

Technical analysis uses price data to identify patterns and trends in crypto coins, enabling you to anticipate the future trajectory of a given digital asset.

3.) Study the Fundamentals

In order to prepare for trading properly, you should know and understand the key components of the market, you need to know everything you can about the company and the project behind a coin.

4.) Check Cryptocurrency News and Community handles.

Another tip for trading bitcoin is to keep a finger on the pulse of the market, with leading crypto news sites, as well as social media sources, popular with the crypto community like Reddit, Twitter, and Telegram.

5.) Think About Risk Management

When trading coins and tokens with lower market capitalizations, you can earn much higher percentages, yet the risk is generally higher too.

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