In futures trading, you can participate in market movements and make a profit by going long or short on a futures contract by using up to 125X leverage.
By going long, a trader buys a futures contract with the expectation that it will rise in value in the future.
Conversely, a trader sells a futures contract to go short, to bet on prices to decline in the future.
On our Binance Futures platform, you can go long or short with leverage to reduce risk or seek profits in volatile markets. Follow these steps to start trading on our Binance Futures platform:
- Deposit USDT/BTC into your futures account as margin
- Select the level of leverage to your preference
- Choose the appropriate order type (buy or sell)
- Indicate the number of contracts you wish to own
Here’s an example of how you can profit by going long or short on a futures contract:
Going long on BTC/USDT:
Going short on BTC/USDT:
In spot markets, traders can only profit when the value on an asset increase. In contrast, through futures contracts, you can profit in both ways as the value of an asset rise or falls.
In Binance Future trading platform, traders may choose leverages up to 125X with hedge mode. Start your futures trading Now!
More details, please click the link to explore more:
Learn how to manage the risk, it may help traders to amplify the profits. Deposit AUD via PayID and start trading on Binance today!