I'm a beginner to crypto trading and I'm trying to understand how to use futures contracts on a crypto exchange. I know that futures contracts are agreements to buy or sell a certain asset at a predetermined price at a later date, but I'm not sure how they are used on a crypto exchange.
What are the different types of futures contracts available on these exchanges? How do I determine which one is best for me? How do I open a futures contract? What is the process for closing out a futures contract? Are there any risks associated with using futures contracts on a crypto exchange?
I'm sure there are a lot of experienced traders who have knowledge about using futures contracts on a crypto exchange. I'd love to hear their advice and tips for getting started. Any help would be greatly appreciated.
What are the different types of futures contracts available on these exchanges? How do I determine which one is best for me? How do I open a futures contract? What is the process for closing out a futures contract? Are there any risks associated with using futures contracts on a crypto exchange?
I'm sure there are a lot of experienced traders who have knowledge about using futures contracts on a crypto exchange. I'd love to hear their advice and tips for getting started. Any help would be greatly appreciated.