Advice for new traders (Futures)
Image by Kaspersky

Advice for new traders (Futures)


Keep your leverage low

A lot of new traders want to make quick benefits by setting a high leverage ratio, but keep in mind that cryptos are highly volatile and having a x50-x75 ratio put your assets in danger due to liquidation. Having a x5-x10 ratio order with low amount should definitely keep your stress away.

Keep a nice margin balance

Having a good margin balance should be one of your priority while you trade, don't do a trade with More than 20% of your all balance! Remember, the crypto market volatility can be your best friend, but it can also be the worst one too.

Trade on the 4h chart

As a beginner, you certainly don't really know a thing about technical analyses, but you have faith in crypto isn't it? you are sure that it will go up with time, but you don't want to trade on the 5m chart because you are scared of losing all your assets? That's why you should invest a very small amount of your balance with a very small leverage ratio and trying to maximize your profit without risking too much.

Be careful with crypto gurus

If you are new to trading, your are certainly watching videos and reading articles from crypto gurus. Don't listen to them at 100%, and don't only follow one of them, you should diversify your sources to avoid fake information.

Conclusion

Now you know what you shouldn't do as a newbie trader! Keep you margin high and your leverage low, don't watch the crypto market prices every minute and everything will be fine.

 

Follow us

Follow us on Instagram

Our Crypto Toolkit

Play games and Earn / Invest easily / Start Trading

 

How do you rate this article?


10

1

Urban Masters (Crypto)
Urban Masters (Crypto)

Urban Masters (Crypto) is a totally new community about cryptos. Follow us on instagram : @urban_masters_crypto


Urban Masters (Crypto)
Urban Masters (Crypto)

Urban Masters (Crypto) is a totally new community about cryptos. Follow us on instagram : @urban_masters_crypto

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.