Good afternoon friends!

In this article, I will tell you how to trade futures on Binance from your phone.

First, let's open the Binance app. Let's go to the wallet and click the "Transfer" button. We need to transfer money from the spot wallet to USD-M futures. We choose USD-M because they are traded in dollars, while COIN-M is traded in coins. Select the coin – USDT, the amount and click “Confirm transfer”.

Now we can go to the USD-M Futures section. Let's choose the currency pair BTC\USDT. Make sure that this pair is a perpetual pair so that the position is not forcibly closed.

One of the reasons for trading futures is the presence of leverage. The leverage size varies from x1 to x125. For the first two months after registering a futures account, you will have access to a maximum leverage of x20. This was done to prevent losses.

How do shoulders work? Let's consider the x100 option. We transferred $150 to the account, and we can make a purchase for $15,000. It turns out that the exchange multiplied our funds by 100. But we had $150 and still have it. Accordingly, if we bet our money that the market will go up and the price will go up by 1%, we will receive 100% profit. If the market goes down and the price falls by 1%, we will lose 100% of the deposit. Beginners are not recommended to use shoulders higher than x10-x30.

For example, let’s consider trading with x50 leverage.

We are exhibiting. Click “Confirm”. Let's choose the type of margin: isolated or cross. With isolated margin, only the money you put into the trade is spent. Cross - Margin uses all of your money in your futures account.

Let's choose an isolated one as the safest for beginners. Click "Confirm". Decide whether we want to buy (up) or sell (down). Let's decide on the type of order. The market one will allow us to make a trade at the current price. In a limit order, we set the price ourselves.

In the trading window there is a maximum purchase amount. Enter the desired purchase amount. We indicate “Take profit”, that is, taking profit and “Stop loss”, that is, limiting losses. “TP” and “SL” can be set later. Click “Buy/Long”. The order is executed and the position is opened.

In the “Position” tab we see “PnL” and “ROE”. “PnL” shows how many dollars our position changes, and “ROE” shows how much it is as a percentage.

“Size (USDT)” displays how much money we have invested along with borrowed money from the exchange. “Margin (USDT)” – only our money. “Entry price (USDT)” is the price at which we bought. “Marking price (USDT)” is the price at the current time. “Liquidation Price (USDT)” – if the coin reaches this price, our position will be completely liquidated.

Unlike spot trading, where a position can be held for as long as desired, if the price falls and the loss is equal to the amount of investment, we will lose all the money. It's important not to forget about this! In this window you can also set “TP” and “SL”. By clicking on the button with the image of Japanese candlesticks, you can view the chart of the currency pair we are trading.

It is possible to select a timeframe and several indicators, as well as various information on the coin necessary for analyzing the chart.

The “Close Position” button allows you to complete the transaction. In the window that opens, we can select the position size in percentage that will be closed. Click “Confirm”. In the order history you can see the history of our transactions.