Binance’s futures market has grown substantially in the past few months and it’s now second only to BitMEX in terms of volume traded. However, unlike BitMEX which offers perpetual contracts, Binance’s futures have expiry dates which traders must consider when trading on this platform. With careful consideration of supply and demand fundamentals and the use of stop-losses, swing trading futures on Binance can be very profitable. In fact, you can use futures to leverage your existing crypto holdings without actually buying more crypto! Let me show you how it works… Diversify Your Portfolio While many swing traders focus on finding and selling undervalued assets, others look for overvalued ones and buy them at a lower price. This strategy requires technical and fundamental analysis to determine which assets to trade. While this strategy can be profitable, it is not for everyone. Using multiple asset classes and sectors is essential. Diversifying your portfolio is important if you want to achieve consistent, long-term trading success. It helps protect your capital, manage your risk, enables you to withstand market volatility, and realize gains from only a few positions. Although, it is very tempting to buy a single asset and hold it for a long period. Instead, you should diversify your portfolio to avoid losing a significant amount of money. Before you start swing trading on the Binance Futures Market, make sure you understand inv...
