Jan 2, 2025
Ibiam Wayas
Engaging in cryptocurrency futures trading can indeed be exhilarating but also may usher in financial strain stemming from the unpredictability of market conditions.
In order to trade futures profitably, one must maintain enhanced control over individual trades and overarching trading strategies. In the next stories are some of the best strategies to follow.
TP/SL is important to trade futures. A take-profit order assists in securing profits when the price moves as predicted, whereas a stop-loss order helps curtail losses when the market moves against you.
Exchanges usually extend a feature known as Price Protection. It proves invaluable in instances of irregular market conditions when there is a substantial divergence between the Last Price and Mark Price.
For everyone looking to trade futures, it is wise to commence with leverage ranging from 2X to 5X.
In crafting a trading plan, consider identifying entry and exit indicators, determining position-sizing, and deciding stop-loss placements.
You can limit the capital allocated to a single trade to no more than 5% of the account value, ensuring that the entire account is not overly exposed to one position.
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