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Responsible Trading with Binance Futures
Binance encourages our users to trade responsibly. Trading can be engaging and fun, but trading is a serious business and it can lead to financial and emotional distress. Trading derivatives carries risk, and furthermore, cryptocurrencies and other digital assets often have high levels of price volatility.
Responsible trading is about exercising control over your trades and taking accountability for your actions. Trading responsibly also means acknowledging when you may not be suited for trading. Responsible traders do not go beyond their means. In other words, you should never risk funds you cannot afford to lose. At Binance, we have established several features and guidelines to help users trade responsibly and make informed trading decisions. Here are some tips and good practices that will help you be a more responsible trader:
Practicing Self-Discipline
In trading, self-discipline means telling yourself to avoid unhealthy excesses like compulsive trading or gambling. Binance encourages users to practice self-discipline, especially when they feel pressured by losses or a losing streak. Our system-generated notifications constantly remind users of the dangers of compulsive trading and the risks involved when trading more complicated products like derivatives.
Continuously Educating Yourself
Explore the cryptocurrency markets with a variety of resources - including courses, webinars, and videos - designed to help you at each stage of your trading journey.Binance has continuously worked towards educating its users on every aspect of crypto trading, from the underlying technology of cryptocurrencies to the complexities of derivatives trading. Our educational content is freely available on Binance Academy, Binance Research, and numerous product guides.
Protecting Your Capital
Risk management is crucial to every trader’s success. It helps you avoid outsized losses and protects your trading capital. On the Binance trading interface, we have established risk management features such as stop-loss orders to help users manage the risk in individual trades. Users also have access to advanced risk control features such as price protection, which protects users from potential market manipulation. Other safety features such as liquidation mechanisms and insurance funds protect users from adverse losses.
Knowing When To Stop
Knowing when to stop, and learning to recognize unhealthy trading habits, calls for being honest with yourself about the risks you take on and the sort of behavior that accompanies it.
To encourage self-discipline and responsible trading, Binance launched the Cooling-off Period function for users to temporarily disable derivative trading activities and abstain from compulsive trading behavior. The animated image on the right demonstrates how the Cooling Period function works.
Even with this feature available, traders must continue to practice responsible trading independently, which calls for having complete control over their trades and taking responsibility for their actions.
Anti-Addiction Notice
Binance has established several procedures to remind traders of impulsive trading behavior. For instance, when a trader experiences a losing streak or suffers a heavy loss, we continuously remind them of the risk involved in derivatives trading and encourage them to hold back on trading activities.
As a responsible trader, it is critical to keep yourself in check and ensure that you have procedures to avoid harmful excesses like compulsive trading or gambling.
You may not be suited for trading if you are:
  • Finding it difficult to stop or reduce your trading activities
  • Feeling stressed or irritated when a friend or family member suggests you stop or reduce your trading activities
  • Having negative thoughts when the market moves against your trades
  • Not taking responsibility to understand your own financial situation
  • Not taking the time to read and familiarise yourself with our products and services and terms of use
  • Trading with funds beyond your means
If you have questions or are concerned about your ability to trade responsibly, please contact us at Binance Support.
Binance Takes Responsible Trading Seriously, and You Should Too.
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