๐ Day 7: Spot and Futures
Many people lose money in Futures without understanding what it is. โ ๏ธ
Spot: you buy the coin itself, and it becomes yours. Your risk is limited to the money you put in.
Futures: you speculate on the price, you don't own the coin, and leverage can be used. The risk is much higher.
Advice for beginners: start with Spot or Demo.
Do you trade Spot or Futures? ๐
#Spot #DanATWO #futures #BinanceSquare #BinanceAcademy $SOLV $JCT $APR
Not financial advice.
Many people lose money in Futures without understanding what it is. โ ๏ธ
Spot: you buy the coin itself, and it becomes yours. Your risk is limited to the money you put in.
Futures: you speculate on the price, you don't own the coin, and leverage can be used. The risk is much higher.
Advice for beginners: start with Spot or Demo.
Do you trade Spot or Futures? ๐
#Spot #DanATWO #futures #BinanceSquare #BinanceAcademy $SOLV $JCT $APR
Not financial advice.
