Introduction to Future Trading
Future Trading on BC.Game allows users to speculate on cryptocurrency price movements using leverage. Unlike spot trading, where you buy and sell actual assets, futures trading involves contracts that predict price directions.
How It Works
Choose a Trading Pair
Select the cryptocurrency pair you want to trade (e.g., BTC/USDT, ETH/USDT).
Select Leverage
Leverage allows you to increase your position size beyond your account balance. BC.Game offers various leverage levels, such as 2x, 5x, 10x, or more.
Choose Your Prediction
Up Position: You predict the price will go up.
Down Position: You predict the price will go down.
Set Stop-Loss and Take-Profit
Stop-Loss: Automatically closes your position to minimize losses if the price moves against your prediction.
Take-Profit: Automatically closes your position once your desired profit is reached.
Monitor the Market & Adjust
Keep an eye on price movements and adjust your position if needed.
Close Your Position
You can manually close your trade or let the system close it when the stop-loss or take-profit levels are reached.
Entry and Exit
Entry will show the price when you open your bet, and exit the price when you cash out.
Key Features
Leverage Trading: Amplify potential profits (but also risks).
Funding Payments: If you keep a trade open for over 8 hours, you may pay or receive funding fees based on market conditions.
No Bid-Offer Spread: Unlike traditional trading, BC.Game offers a single trading price for simplicity.
Market Impact Control: Winning trades have a predetermined closing price to simulate real market impact.
Risks & Best Practices
Leverage Increases Risk: While it boosts potential gains, it also magnifies losses.
Use Stop-Loss Wisely: Helps in minimizing unexpected losses.
Monitor Market Trends: Understanding trends helps in making informed decisions.
Avoid Overtrading: Trading too frequently can lead to losses due to market volatility.
Future Trading on BC.Game is a powerful tool for those looking to maximise profits in crypto trading. However, it requires careful risk management and strategic planning, always trade responsibly and only invest what you can afford to lose.
If there is anything that we can further clarify for you regarding Future Trading, please do not hesitate to contact us through our designated Customer Support