Ask Leo is future trading a kind of trade to emulate in cryptocurrency investment?

in LeoFinancelast year

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What is futures trading?

Futures are a type of derivative contract agreement to buy or sell a specific commodity asset or security at a set future date for a set price it can also be defined as commodity futures contract that involves an agreement to buy or sell a particular commodity at a future date.
This allows the price and the amount of the commodity to be fixed at the time of the agreement. Most contracts contemplate that the agreement will be fulfilled by actual delivery of the commodity,futures trading is a very smart business decision that enable you to maximize profits
futures trading indeed can make an investor rich in no time ,
futures on their own are versatile and great securities that can be of immense help to many traders.
Despite how risky futures can be there are some benefits or advantages in it as well
And this advantages include greater leverage, lower trading costs, and longer trading hours for Investors.

What to consider when investing into futures

  • Plan your trades carefully before you establish a position
  • Protect your positions
  • Narrow your focus, but not too much
  • Pace your trading
  • Think long—and short
  • Learn from margin calls
  • Be patient
    Despite how good future is it also had a negative effect when it comes to trading
    (the price risk) is actually a factor,,
    for example if you buy futures and you expect the price to go up. However, if the price goes down, you are at risk of loss. For futures traders, the biggest risks of futures trading come from the adverse movement of prices.

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Check well i did not copy from this place the point might look similar but i did not copy from here @nathen007

I guess future trade its a good one then. Setting a price for a trade to execute itself.
Those are some good tips you have giving.
Thanks for sharing.

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They're aren't his tips. He plagiarised from this link
https://www.schwab.com/learn/story/7-tips-every-futures-trader-should-know

Woah,😲 let me check that out

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