But, when the price does not go in the direction you desired, you will lose money and you cant lose more money than your margin (200 USDT). Before trading on Binance Futures, make sure you are familiar with basic definitions. When I close my short position, it is shown as filled and my stop loss and take profit orders are shown as expired since they got no chance to be executed. https://python-binance.readthedocs.io/en/latest/account.html?highlight=orders#orders. The Feds rate decision is scheduled for 8:30 PM UTC on May 3. For example, if a trader is using 10x leverage, they would need to put up 10% of the total position value in collateral. The US Central bank is expected to cut interest rates by 25 . Fortunately, Binance has a dedicated program for teaching new traders how to use marginal trading and has imposed limits on how much leverage you can use if you have a new account. As you are going to short Bitcoin, you can use up to 125x leverage. The following example illustrates the way futures work. What are the advantages and disadvantages of futures? Binance Futures Guide: Everything You Should Know - The Money Mongers If you want to take profit at certain prices, you can place take profit orders by entering a stop price that is below your entry price and a limit price equal to or below your stop price. Any market recommendations provided by us are generic only and may or may not be consistent with the market positions or intentions of our channel and/or our affiliates. This allows you to maintain a good margin level without worrying about liquidation risk. In this example, such a deal is a futures contract. 565), Improving the copy in the close modal and post notices - 2023 edition, New blog post from our CEO Prashanth: Community is the future of AI. A supplier does believe the price will go down, so he accepts your offer.

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