How to Use Future Market Effectively

To be honest when it comes to trading Spot market is not for trading and just for investment purpose. Future market is specific for trading and it allows you leverage option.

First of all, I will recommend to learn trading before joining this industry because this market is high volatile and can give you huge losses.

After you learn about market and trading then you can join Future market for trading which allows you with both direction trades.

In bullish market you can open long trades and when market is bearish you can open short trades. Also when the market is volatile you use low leverage and when market is stable you can use high leverage.

I always prefer to do trades in blue chip coins whose price must no be volatile. Blue chip coins have no pump and dump scene.

Its more better to do trades in #Bitcoin with 5X leverage which will be a safe trade. Also make sure that stoploss is necessary in order to keep away from liquidity.

The question is how to check about market volatility? You can add Bollinger band indicator in your chart. When you see that bands get narrow then market is stable and when the bands get wide means the market is volatile.

In case of market volatility I prefer to not use leverage option either go with 1X but when market gets stable you can use 5X leverage which will be much safer.

What do you people think about future market trades? Is it profitable then spot market? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

IMAGE TAKEN FROM CANVA

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Best Wishes.