In this Video TrashDog Explains the difference between Futures and Spot Trading.
CRYPTOWALLY - (GUNBOT UNIVERSITY) So Trashdog, what would you say on that the same vein of you know spot versus futures what someone might need to know but when they're getting into futures.
TRASHDOG - (GUNBOT TRADER) Literally uh just touching on some of the points beforehand was that with spot it is a case of trading one asset for another so in the event that you turn around and do actually have a bad trade you're still left holding an asset but uh on futures um it does uh there is a lot more uh magnification when it comes to risk versus uh risk versus reward because like kevin did say yeah sure you can turn around and um you can turn around and make a good buck but the problem is if you end up with a bad trade and you don't have uh proper uh exit strategy for a bad trade whether you use stops or anything else like that uh you can lose your entire position so you'll end up with nothing you'll have nothing left in your hand so a lot of the times when it comes to setting people's expectations when they move across from spot to margin is uh you know you're trading on a new platform so you've got to start small and actually have your exit strategies for for a bad trade because if you don't have those then you're going to run into all sorts of strife.
CRYPTOWALLY - (GUNBOT UNIVERSITY) Anon, what do you say of that?.
ANON - (GUNBOT TRADER) ya already mentioned like knowledge in a futures market under support it, i know what do you see it can magnify your gains and also make loses much more and one, once you get liquidated everything is gone but, the good thing with the futures is most of platforms they have a testnets, so that's like identical website, where you can test your strategies and learn how everything works with testnet bitcoins.
KEVIN BEARDSLEY - (KRAKEN FUTURES) Yes we have a conformance testnet for the API and we also have a demo dash futures.kraken.com we can put the links up afterwards where it is the live website it's just got sort of fake market makers in there so you can actually trade you can see how things will respond to different circumstances it's instant to create an account.