A QUICK GUIDE TO TRADING CALLS
This is a quick guide to guide you to follow calls I am dropping due to high demands.
First of all, make sure you use Isolated margin and enter calls on limit order
ISOLATED: Means that you have a specified amount you are willing to risk for the future trade which if the trades goes against you it's only that amount you will loss which indicates your risk appetite for a particular position.
10x: That's the leverage which multiplies your profit or loss, so whatever percentage the coin is doing on spot it will be multiplied by your leverage. If the coins grows to 10% on spot you will have 10 x 10x = 100% in futures trading and the otherwise if it goes against your analysis. It is just the equivalent of lot sizes in Forex markets.
LIMIT: This is the price you want to enter the market which I put in my calls as ENTRY and you have to key it in like I posted it or you see it from another trader.
DRAG: That is the amount of your reserve or balance you want to enter the trade with
TP/SL: That is the Take profit (TP) or Stop Loss (SL) which you have to key in as seen to safe guide your money
So follow them up as it is when applying in real trading positions
Goodluck guys!!!
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That's all as regards the important terminologies in basic trading procedures and happy blogging
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