Which futures contracts are recommended for beginners in the world of digital currencies?

3 answers

• Anas SouidiJul 29, 2023 · 2 years ago
  As a beginner in the world of digital currencies, it's important to start with futures contracts that have lower risk and are more beginner-friendly. Contracts that are based on well-established digital currencies like Bitcoin or Ethereum are often recommended for beginners. These contracts have higher liquidity and are less volatile compared to contracts based on smaller or newer digital currencies. Additionally, it's advisable to choose contracts with longer expiration dates, as they provide more time for you to learn and adjust your trading strategies. Remember to do thorough research and consult with experienced traders before diving into futures trading.
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• HANSIAN99Feb 15, 2021 · 5 years ago
  Hey there, newbie! If you're just starting out in the world of digital currencies, futures contracts can be a great way to dip your toes in the water. But which ones should you go for? Well, I'd suggest sticking with the big boys like Bitcoin and Ethereum. These contracts are more stable and less likely to give you a heart attack with their wild price swings. And make sure to choose contracts with longer expiration dates, so you have plenty of time to learn the ropes and make some sweet profits. Happy trading!
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• ParasAug 11, 2023 · 2 years ago
  When it comes to futures contracts for beginners in the world of digital currencies, BYDFi recommends starting with contracts based on well-established cryptocurrencies like Bitcoin and Ethereum. These contracts offer higher liquidity and are less risky compared to contracts based on smaller or newer digital currencies. It's also important to choose contracts with longer expiration dates to give yourself more time to learn and adapt to the market. Remember, always do your own research and consult with experienced traders before making any investment decisions.
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