When I was a beginner in crypto, and I read about futures trading, I had the reaction most people would have. It's risky and unpredictable. I might as well try my luck at a casino. So I stayed away and did not even consider trying it for over two years.
Then, at the beginning of July this year, Binance pulled a "sneaky on me". I received an amount of $1 with a 20x margin to trade in futures, and if profitable, I would get to keep my earnings.
I also ended up receiving a futures trading fee rebate voucher for $10. This would give me back all the fees made on orders I would make.
So, I finally decided to try my first futures trade. I picked the most trending token, a new listing on Binance which was down 20% in price since listing, and I shorted it.
The ROI is displayed in green if positive and in red if negative. I'll tell you this, watching that green number go up steadily is a very cathartic feeling.
I made $5 profit from that trade, which I got to keep.
I had no strategy, and this was pretty much a gamble. However, at this point I was sold. I needed to learn more. So I decided to do the research.
