kolkata

To trade Futures on Binance, mainly follow these steps:

Keep USDT in the Futures Wallet
Transfer USDT from the Spot/Funding Wallet to the Futures Wallet.
Go to Futures → USDT-M Futures.
Select Coin/Pair
For example: BTC/USDT, ETH/USDT, etc.
Set Leverage
If you’re new, keeping it within 2x–5x is relatively safer.
With higher leverage, even a small move in the opposite direction can lead to liquidation.
Choose Long or Short
If you think the price will go up → Long
If you think the price will go down → Short
Decide how much USDT you will trade
It’s better not to use your entire Futures balance in a single trade.
Check the Entry Price
You can enter immediately with Market.
Or you can try entering at a specific price using Limit.
Set Stop Loss (SL)
Decide in advance how much loss you’re willing to accept if the price moves the wrong way.
Set Take Profit (TP)
Set TP at the level where you want to take profit.
Open the position and check PNL
If +, you’re in profit
If −, you’re at a loss
You’ll also see the Position’s Margin, Entry Price, Mark Price, and Liquidation Price.
The most important rule
First Entry → then SL → then TP.
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