Here is how to open Binance Futures trading account. Follow the step-by-step guide to start investing today.
1. On the Binance homepage, click [Derivatives] – [ Binance Futures Overview ]. Alternatively, you can go directly to the futures trading interface.
2. If you already have a Binance account, click [Sign In], or click [Sign Up] to create an account.
3. After you log in, click [Open Account].
![3. After you log in, click [Open Account] .](https://mobie.io/wp-content/uploads/2022/07/binance-futures-account-opening.png)
4. You will be redirected to the futures trading interface. You can enter the referral code provided by your friend (optional), and click [Open Account Now] to open your futures account.
5. Your futures account has been successfully created, and you can start trading after you transfer funds to your account.
Binance Futures – Advanced Trading tools
Binance Futures introduces four trading tools: Grid Trading, Time Weighted Average Price, Advanced Take Profit and Stop Loss functions, and a multi-futures trading page.
These enterprise-grade features are easy to use and designed to improve transaction efficiency for all users.
In order to make money in the volatile cryptocurrency market, professional traders often use some advanced tools.
Binance Futures strives to provide traders with the right tools to succeed. Binance strives to create institutional-grade products and services that make it easy for users to trade cryptocurrencies in any market condition.
The cryptocurrency market is dizzying, and staying focused and following an established trading plan is not an easy task. But to be a successful trader, you must be aware of the risks associated with this profession. Access to state-of-the-art financial tools can also help you stay ahead of the curve.
Binance Futures provides you with a wide variety of products and services to help you make quick and bold decisions. Below Binance will take you to explore the new features, including grid trading, the time-weighted average price (TWAP), advanced take profit and stop loss functions and multi-futures trading pages to help you start your professional trading journey.
Grid trading
Grid Trading is a user-friendly strategic trading tool designed by Binance Futures. It can automatically execute buy and sell orders at preset time intervals within a preset price range.
Grid trading works best during periods of market volatility and stagnation, when the price of a particular cryptocurrency fluctuates between preset levels. This automated trading tool increases the probability of buying low and selling high, even on shorter time frames.
For example, under an arithmetic or geometric grid trading strategy, when BTCBUSD falls, the system will automatically execute buy/long orders and sell/short orders at higher prices. This strategy also applies to falling markets: when ETHBUSD surges, the system will automatically execute sell/short orders, and execute buy/long orders at lower prices, thereby profiting from the price difference.
When using grid trading, you do not need to predict the market trend, you only need to determine a reasonable price range within the time frame to ensure that the investment strategy can earn profits.
Binance provides a set of preset parameters to help beginners get started. These parameters include price floor, price ceiling, and number of grids. Enter the Binance Futures strategy trading interface now and try grid trading!
Go to Binance’s Official Website
Time Weighted Average Price (TWAP)
Time Weighted Average Price (TWAP) is another algorithmic trade execution tool launched by Binance Futures for all regular and VIP users. The system will automatically divide a large order into multiple small orders and execute them at regular intervals.
The biggest benefit of using a TWAP strategy is that it minimizes the impact on the market when the order size exceeds the available liquidity on the order book. The system executes orders over a predetermined time period such that the average execution price is approximately equal to the time-weighted average price for that period.
For example, when buying 10,000 BNBBUSD contracts, a TWAP strategy can be set up to obtain the most ideal average strike price and avoid asset appreciation. If you set the duration to 60 minutes and the number of orders to 20, there will be a 3 minute gap between each buy/long order.
High-frequency traders tend to use the TWAP strategy because distributing orders under this algorithm does not expose their own positions. Essentially, TWAP optimizes any other trading strategy and simplifies the decision-making process.
As an institutional-grade tool, the TWAP strategy trading algorithm is simple to use and requires no coding. Enter the strategy trading interface of Binance Futures and try it now!
Advanced Take Profit and Stop Loss function
Binance Futures understands that risk management is critical to every trader’s success. To this end, Binance has set up an advanced Take Profit and Stop Loss feature that gives you control over every trade.
Advanced Take Profit and Stop Loss can be used as part of each trade’s exit strategy. When the price reaches a predetermined level, the system automatically executes the order to close a long or short position with the expected profit and loss.
When setting a Take Profit and Stop Loss order, traders can now preset the latest price or mark price, or even set an expected profit or loss ratio. The advanced Take Profit and Stop Loss function displays the estimated profit and loss of the Take Profit and Stop Loss order, which makes it easy for you to determine how much risk you are willing to take for the expected return.
Advanced Take Profit and Stop Loss is like a free insurance on your trading account, knowing when to take profit or stop loss when you start long or short. The cryptocurrency market is highly volatile, and advanced take profit and stop loss functions can help you reduce potential losses and optimize your risk management strategy.
On Binance Futures, you don’t have to worry about when you should exit a trade or hesitate. Use the advanced Take Profit and Stop Loss function to set a Take Profit and Stop Loss order and the trading system will automatically execute it. Go to the Binance Futures interface and try it now!
Multi-contract trading page
To help traders earn more in the cryptocurrency market, Binance Futures has also launched the multi-contract trading page as an important feature. It completely changes the trading interface, enabling users to analyze and trade multiple assets on a single screen.
Given the volatility of cryptocurrencies, you may need to determine different setups for several assets on different time frames. With the multi-contract trading page, you can track every asset you care about and grasp the exact timing of placing an order.
Imagine you are waiting for the four-hour candlestick chart for any pair of BTCBUSD, ETHBUSD, and BNBBUSD to close above resistance to execute a buy/long order. With the multi-contract trading page, you can trade up to six contracts on one screen and never miss a trading opportunity.
Professional traders tend to wait until the market is in line with their settings before making a trade. This shows that the ability to analyze multiple assets at the same time is crucial in order to grasp the perfect opening price.
The multi-contract trading page can further enhance your trading experience. You can now track multiple cryptocurrencies and execute buy/long or sell/short orders for each asset under the same interface. Go to Binance Futures’ multi-contract trading page and try it now!
Go to Binance’s Official Website
Conclusion
Traders can gain an edge in the cryptocurrency derivatives market by taking advantage of grid trading, Time Weighted Average Price (TWAP), advanced Take Profit/Stop Loss functionality and multi-contract trading pages. These professional tools are designed to improve the trading efficiency of all traders. Whether you are a novice or a seasoned trader, no matter what type of trader you are, Binance Futures offers a range of products and services to help you succeed.
Binance also launched a chat room where everyone can share news, strategies and thoughts on the market while trading. The chat room is open to all Binance Futures web users and is free to use on both the desktop and mobile apps.
If you are new to cryptocurrency trading, you can open your own account on Binance Futures in a few minutes and complete a few simple steps. You can also practice using these four tools in a simulated trading environment to hone your trading skills before jumping into the real world of contract trading.
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...