What are the best futures to trade for beginners in the cryptocurrency market?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the best futures contracts for beginners in the cryptocurrency market is Bitcoin futures. Bitcoin is the most well-known and widely traded cryptocurrency, and its futures contracts are highly liquid and easily accessible. Trading Bitcoin futures allows beginners to gain exposure to the cryptocurrency market without the need to directly own and store Bitcoin. Additionally, Bitcoin futures are relatively less volatile compared to other cryptocurrencies, making them a safer option for beginners. It's important to do thorough research and understand the basics of futures trading before getting started.
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• Dec 29, 2021 · 3 years ago
  For beginners in the cryptocurrency market, it's recommended to start with futures contracts of major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have established themselves in the market and have higher liquidity, making it easier to enter and exit positions. By trading futures contracts of these cryptocurrencies, beginners can learn about the dynamics of the market and gain experience in managing risk. It's important to start with smaller positions and gradually increase exposure as you gain confidence and understanding of the market.
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• Dec 29, 2021 · 3 years ago
  As a beginner in the cryptocurrency market, it's crucial to start with futures contracts that have lower risk and are easier to understand. One of the best options for beginners is to trade Bitcoin futures on BYDFi. BYDFi is a reputable cryptocurrency exchange that offers user-friendly trading interfaces and educational resources for beginners. Their Bitcoin futures contracts are designed to cater to the needs of beginners, with lower leverage and risk management tools. BYDFi also provides a supportive community where beginners can learn from experienced traders and ask questions. It's important to start with a small capital and trade with caution, as futures trading involves risks.
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