Binance is one of the world's largest cryptocurrency exchanges. It recently launched a new perpetual futures contract, which is a type of derivatives trading. I'm new to this and I'm curious to know more about it and its features.
What are the main advantages of this futures contract? How does it work? How are gains and losses calculated? What are the risks associated with this type of trading? Are there any hidden fees or commissions? What kind of strategies can be used with this futures contract? Can beginners trade this contract? Any other tips or advice for someone just starting out with this type of trading?
I'm hoping to get some insight from experienced traders on this topic. Any help or advice would be greatly appreciated.
What are the main advantages of this futures contract? How does it work? How are gains and losses calculated? What are the risks associated with this type of trading? Are there any hidden fees or commissions? What kind of strategies can be used with this futures contract? Can beginners trade this contract? Any other tips or advice for someone just starting out with this type of trading?
I'm hoping to get some insight from experienced traders on this topic. Any help or advice would be greatly appreciated.