Binance Futures Tutorial - How To Short Sell Bitcoin & Altcoins on Binance
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Learn how to short sell Bitcoin or Altcoin on Binance using Perpetual Contracts.
Short Selling allows you to earn profit even when the market is going down. It is a simple method of selling something you do not own. In the short selling process, you sell first and buy later.
Once you sign up for your Binance account, you will be able to use the derivatives feature.
In this video, you would understand the process of short-selling perpetual future. For the purpose of this video, I have used BTCUSDT perpetual. However, you can use any contract (perpetual or futures contract) or any other altcoin (such as ETH, DOT, LINK, ADA, and many more).
Further, you would be able to understand how to use the Take Profit and Stop Loss feature on Binance in order to automate your trades. Once you start using this feature, you would not need to track the price of the assets at all times.
00:00 - Introduction
00:25 - What is Short Selling
01:05 - Short Selling Order Details on Binance
02:39 - Take Profit and Stop Loss
03:45 - Understanding the active order
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The content published on CoinSutra Channel is for informational, educational, and recreational purposes only and should not be considered to be legal, tax, accounting, or any other professional advice. I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.