can I enter the market using open long? I am new in the future market. pls, help me.
natasukma
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@Arif547, Yes, of course there will be a price difference between the futures market and swap. your name is like an Indonesian name. If so, we will speak in Indonesian
Arif547
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@natasukma, I'm from Bangladesh mate. thanks for replying to my comment. I'm new. so the first time I invest ada I lost 50$+.
if you help it will great for me. can you tell me what I do now?
thank you again
natasukma
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@Arif547, If you trade in the futures market, money management has a very important role. 1) You must be disciplined in using your capital 1-5% in opening a position, if your capital is $ 1000 then you should not use it more than $ 50 and open a position gradually from the minimum, for example: you buy with $ 1 at 100 when the price is still down you buy again $ 1 at 90. 5% of the capital used is maximum because the capital has been multiplied by leverage.
2) Set Stop Loss to limit losses so that you can continue trading. Trade must be sustainable.
Finally, the most important thing is not to stop learning because the market is always changing and growing. You can follow the leading trader youtube channel, telegram channel, etc. to increase your knowledge and skills.
Regards
Arif547
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@natasukma, thank you so much. that is important for me. can you give me the youtube channel link and telegram channel link