Which one is more suitable for beginners in the cryptocurrency industry, ES mini or micro?

3 answers

• Dec 25, 2021 · 3 years ago
  As a beginner in the cryptocurrency industry, it's important to understand the differences between ES mini and micro. ES mini refers to E-mini S&P 500 futures contracts, while micro refers to Micro E-mini S&P 500 futures contracts. The main difference lies in the contract size, with ES mini having a larger size compared to micro. For beginners, micro contracts can be more suitable as they require less capital to start trading and offer lower risk exposure. Micro contracts also allow beginners to gain experience and understand market dynamics without risking too much. However, it's essential to conduct thorough research and consider personal risk tolerance before making any trading decisions.
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• Dec 25, 2021 · 3 years ago
  Hey there! If you're new to the cryptocurrency industry and looking for a trading option, ES mini or micro, let me break it down for you. ES mini and micro are both futures contracts based on the S&P 500 index. The main difference is the contract size, with ES mini being larger than micro. For beginners, micro contracts can be a great starting point as they require less capital and offer lower risk exposure. It's like dipping your toes in the water before diving in. With micro contracts, you can learn the ropes, understand market dynamics, and build confidence without putting too much on the line. So, if you're a beginner, micro might be the way to go!
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• Dec 25, 2021 · 3 years ago
  When it comes to beginners in the cryptocurrency industry, ES mini and micro are both viable options. However, at BYDFi, we recommend starting with micro contracts. Micro contracts provide a smaller contract size, which means lower capital requirements and reduced risk exposure. This makes it easier for beginners to get started and gain experience without risking too much. Micro contracts also allow for better risk management, as you can adjust your position size more precisely. Additionally, micro contracts offer potential profits similar to ES mini contracts, making them a suitable choice for beginners in the cryptocurrency industry. So, if you're new to the game, consider starting with micro contracts to ease your way into the exciting world of cryptocurrency trading!
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