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Beginner's Guide: How To Make Your First Futures Trade

2024-05-10 | 5m
Beginner's Guide: How To Make Your First Futures Trade
New to futures trading? Bitget's here to guide you as you embark on your first futures trade.
Let's dive in and make that initial trade!
First, transfer funds to your futures account. Click the [Wallet] icon, select Transfer, choose your futures type, cryptocurrency, and enter the amount.
Now, let's place that first order.
Choose your trading pair, like the popular BTCUSDT perpetual.
Select cross or isolated margin mode, depending on your risk appetite.
set your leverage, keeping it under 10X for starters.
Remember, higher leverage means higher potential gains, but also higher risks.
Pick your order type. Beginners, stick to limit, market, or trigger orders.
Each has its unique advantages, so choose wisely based on your strategy.
Don't forget to set take-profit and stop-loss levels.
They're your safety net, helping manage risks in this thrilling market.
Finally, click "Buy" if you're bullish, or "Sell" if you're bearish.
Congratulations! You've just made your first futures trade on Bitget!
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As you continue your futures journey, keep an eye on funding rates, margin requirements, and transaction fees.
Understanding these concepts is crucial for long-term success.
Remember, futures trading is a marathon, not a sprint.
Manage your emotions, maintain the right mindset, and allocate your positions wisely.
With Bitget by your side, you're well-equipped for this exciting adventure.
Start your futures trading journey with Bitget today!
Happy trading!