5 Best Futures Trading Platform for Beginners in 2022
Crypto trading is an evolving field of human activity, allowing to receive enormous profits in the short term. However, we should not treat trading as a casino game. Crypto trading is not about guessing what number comes up - it’s about analyzing the market trends, understanding the crypto market's technological and economic aspects, and quick reactions to its fluctuations.
Several financial tools are proposed in the crypto market, one of which is crypto futures. Futures trading is a popular financial tool for receiving profit based on price speculation. It's all about price prediction based on deep knowledge of the market, tech analysis, crypto chart investigation, and reaction to the informational background. Traders buy contracts where they specify the price of an asset and the date when it will be bought or sold. Crypto futures imply two participants - one of them bets on the price increase, another one - on the price drop.
Futures contracts are made for both selling and buying crypto coins. The essence is to predict the future coin’s rate movements correctly. The one who does it right receives payments, which depend on how the price changes as of the contract expiration date.
The best exchange for futures trading
Here are 5 best platforms that allow for crypto futures trading:
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1. WhiteBIT..
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2. ByBit
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3. Binance
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4. FTX
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5. Kraken.
The best way to learn futures trading is to register on the WhiteBIT platform. This exchange offers a demo trading option, where everyone can register and practice different financial tools without risking their funds. WhiteBIT developed tokens that are used only for demo trading. That is, users cannot lose or cash them out. So it is an excellent opportunity to practice all the platform’s tools. Regarding crypto futures, it is possible to use different leverages and see how it works. The maximum leverage available on WhiteBIT is 20X.
