leverage

Beginners should understand Leverage before using Binance Futures. Here are some important points before using Futures:
1. It's looking attractive because leverage allows a small amount of margin to keep control on a large position.
2. But people forget leverage works both ways. Profits can increase faster, but losses can also increase faster if your decision is wrong.
3. Beginner shouldn't choose 20× simply because it is available and think it will give huge profit sometimes it can be opposite also.
4. Before making any trade in position, understand entry price, position size, margin, liquidation price, stop - loss and take - profit.
5. Never ever use money you cannot afford to lose.
6. Free vouchers are different from using your own money because the voucher provides the specified margin.
7. Your goal is not to predict every short - term movement. Risk management also matters more.
8. So Learn first then trade second.
I learned this while exploring Futures with $ETH and $BTC . The biggest lesson for me is that understanding the risk more important than thinking about the quick way to have a huge profit. #Leverage