Transcripts
1. Introductin to Crypto Trading 102: Heller one this Salix and welcome to crypto
trading one or two. In this class, you will
learn the differences between spot and future trading. You will understand what does the long position and
short position means. We will try transferring funds from one
exchange to another. And you will see the
trading interfaces of two exchanges that I use, which is key sex and bank X. What is the difference
and what exchange maybe you should choose for yourself
for your first trait. So with that being set, let's go to our classes. And we will start
with a little bit of theory explaining
to you what does the futures and spot trading mean and how we can use them. With that being set,
let's go to classes. And you will learn
the all great things about spot and future
trading there is. Thank you for joining, and I see you in our
first lesson. Take care.
2. Lesson 1 - What is Spot and Futures ?: So welcome to
trading one oh two. And before we dig in
to the exchanges, I would like to explain
to you the simple concept of what is spot and what
is futures trading. Also in futures trading, we have something
called short and long, and we'll have a separate
slide for them as well, so you get a full understanding of what you are getting into. So let's go. So
spot gals futures. What is the difference between spot trading and
futures trading? Now, we are going to
answer this question. So what is spot trading? Spot trading is the
simplest form of trading. You use your own money to
buy an asset like Bitcoin, varium or stocks
or anything else. Once you buy it, you
own it directly. So it becomes your property. You can do whatever
you like with it. No matter if the price
goes up or down, it stays in your wallet
until you decide to sell it, transfer, or maybe use it. There is also usable
assets like Solana, tone, and different others. Also, ferium is a usable asset. What do I mean by usable asset? It's an asset that you can use on the block
chain for something. For example, with
IAM and Solana, you can use them for fees. With TN, you can use it
for block chain fees, or if you use telegram, and maybe you have
a community there, you can use it for telegramts. So it has multiple case use, so does Etherium and sola. Depends what you're
planning to do with it. For most people, those are pretty advanced functions and you will not be
using them at all, but I just giving you
an information so that you know that there
is also usable assets. What is the benefits
of spot trading? First of all, the full
ownership of your asset. You can do whatever
you like with it, no matter the price, it's always yours and you decide what you are
going to do with it. Second, there is no
liquidation risk. Liquidation is
something that we have with futures when you don't have enough margin
to cover your position. So example, if you
are trading at X 20, that means that if you
have $100, you use $2,000. And if those $2,000 drops
and loses those 100, you can get liquidated or you need to add an extra margin. So this is something that
happens with futures. In spot trading, there
is no such thing. Next, easier for beginners
and to understand. Yes, it's pretty simple and
it's pretty straightforward. You buy an asset with your
fiat money, and you own it. If the price go up,
you make money. If the price go down,
you lose money. So it's basically
pretty straightforward. In spot trading, we have something like
long term holding. What is a long term
holding potential? For example, if you have
bought Bitcoin back in 2000 and let's say ten
now if you sell it, you would have made a profit. So you hold it at the period of 15 years
and you made a profit. If you buy efium, let's say at $1,000
and you sell it now, you make a profit of $3,000. So this is what long
term holding means. Basically, you buy an asset, back in time and sell it in
let's say in a year or two. Next, greatest thing about spot that since you
own your asset, you can transfer,
store, or use it. So it gives you some extra features that you will not get
with future trading. So basically, this is spot. You buy something, you
own something until you sell something or use
something. That's it. Pretty straightforward. We don't use leverage
here or something. We just buy something,
and that's it. Now let's see what is a future. So future trading, it's a little more difficult
thing than spot. I don't suggest any
beginner to start with fit, but if you use, let's say, reasonable risk management
really reasonable and you don't go crazy on leverage, you can
try it, of course. So what is future trading? Future trading means you
don't buy the asset directly. Instead, you trade a contract
that tracks its price. You can bet whatever
the price will go up or down when the price go up, we call it long position. When the price go down, we call it short position. I will explain in a little bit what does the long and
short position mean? This way, you can profit in
both bull and bear markets. So what is the benefit
of future trading? First, so what is the
benefit of futures trading? Well, first of all, you
can trade both directions. You can trade at the
price up and price down, which gives you
more flexibility. You can use leverage to
control your position size. What does it mean?
Using, let's say, $100 with X five, you will be trading with 500. So let's say, it's something
like exchange giving you a line of credit as long as you maintain the minimum
deposit for this position. So you cannot go
below specific loss. So what does the leverage mean? It means that exchange will give you a line of
credit that you can use. Of course, you'll have to
pay for this line of credit. Most of exchanges are
taking the commission for this credit that they've provided to
you every 8 hours. The good thing with
small amount of money, you can trade bigger
amount of money. Basically, this gives you a
chance for bigger profits. And this is the most attractable
thing about futures. It gives you the potential
for higher profits. In short term, this type of trading is popular
with day traders. But remember, higher rewards
come with higher risks. With leverage, you
can also lose faster. So you should keep that in mind. You are not just making
the money faster, you also can lose money faster. This is a problem that happens a lot with all new traders, and you should keep in mind. You should have a
good risk management. You should now go
crazy like X 50, X 60, X 70. You should never do that. You should keep your
risk management. That way, you will minimize the chance
of losing your money. Let's talk now about what
is long and short position. Ong vis short. So I prepared two
simple explanations for you to understand what does the long mean and what does the short
mean and how you profit it. With Long, from
my point of view, everything is pretty
straightforward. Going long means you think
the price will go up. It's like buying an
asset for $8 and waiting until the
market sells it for, let's say, nine or more. When the price goes higher, you sell and keep the
extra money as a profit. So long means, I believe it will go up.
Pretty straightforward. Going short means you think
the price will go down. Imagine you borrow an asset worth $8 and sell it
right away for $8. Later, the market drops
the asset price to four. You buy it back for $4, return the asset to
its original owner, and keep the other
four as profit. So short means I win
when prices go down. I think those
explanations are pretty straightforward and easy to
understand for any student. So this was all for our introduction part into
futures and spot trading. Now we are going
to our exchanges, and I will show you how the battlefield
really looks like.
3. Lesson 2 - CEX overview : So now we are at
our first exchange. It's K Sex and the second
one that I'm using is Binx. There are two
different exchanges. I work with them. You can work with any exchange you like. I will be posting the links for those exchanges in the
description of this lesson, if you would like to try one of them. What is the difference? What is the main difference
between K sex and BinkX? Well, keySeX and Binkx they are both
centralized exchange. The difference is with KX, you can work without KYC, which means you don't need to verify your identity
as of this moment. With BinkX, you will be
required to submit your ID. Your address so that you can access all the features
that exchange offer. Both of those
exchanges offer KYC. The difference is with Binx, it's mandatory,
and with Key sex, it's optional. This is first. A second difference between
KeyseX and BinkX is that KeyseX is a more
simplified platform focused on futures trading only. It doesn't have too
much competitions, you can see here
in Event Center, there is a future strading
competition, but that's all. Let's say it's not too
much overwhelming. It's simply deposit and trade. When if we are
talking about Binkx, Bing is more advanced exchange. Over here, you can see,
we have a lot of stuff. Of course, we have our spot. Even spot, we have lunch pad, we have lunch pool, we
have X pull for staking. We have pre market trading.
We have air drops. All these you have only on Binx. You don't have on KSAXOn
KSAXs it's 100% just trading. No extra stuff, no good stuff. For trading, yes, you
might have choose k sex. But if you want to get a full experience of
your crypto journey, I would go with Binckes. Okay, over here in futures, we have two types of
futures we have USDCM. We have coin and futures. This one is Fiat. This is crypto, standard
futures, futures kickoff. You have some trading
information here. You have copy trading, wealth you can earn
grid trading, loans, and this is dual investment, signal trading, a lot of
advanced stuff over here. You have an advanced
reward cup here, and you can see over here, there is more benefits
like benefits, inviern and stuff like
this that you can use. Also, important, BinkX has
a 100% proof of results, which is important in our days. Also, what is interesting here, there is different types
of activities now you can see that the hot token
mega spin is active. You can win some tokens, you can win cool apple products, and it happens all the time. So this exchange is really
community involved. So with deadbin set, we have talked about KSAXs and we have talked about Binkx. If you want more
simplified experience, you can try KSAXs. If you want more
advanced experience, of course, you should
go with Binkx. So we then be set in
our next section, I will show you the trading
platforms of each exchange. It's basically the same. If you use Banans, coke coin, key sags, bencakes, the user interface
is basically the same. If you get the basics, you can use any
exchange you like. So it really doesn't matter
which exchange you choose. So with that being said, let's go to our second section and try out spot
and future trading. Let's go.
4. Lesson 3 - Trading on Kcex: So we're back, and
now we are going to try trading for the
first time together. So over here in wallets, I have reloaded some slanas. It's in my spot wallet. You can see over here,
I have 0.025 slanas. So let's try trading them. To trade them, we'll
need to go to trade. And trade them for USDT,
which is super simple. Over here, we have our
trading interface. The important stuff
here is current price, our time frames, our chart, you can add indicators, but I will show you in our indicator
section what kind of indicators you should use
and how you can use them. So now we'll go simple. We have few options for orders
here, limited and market. Let me explain simply
what does it mean? With limit, you select the
price, select the amount. Let's do it like 250. Okay. Let's sell,
sorry, let's sell 250. Okay, we'll sell everything
and let's sell it. So over here we have
our order confirmation. You can see our order price, average cost, quantity,
order amount, estimated profit, and
over here we have, again, our estimated profit that we'll gain if we'll sell
at this price. So let's confirm. Okay. Now we have
confirmed our order. You can see. Nope. One moment? Yes. Here is our order. At the moment, the order status is pending because we
don't have this price. So limit means when
we reach this price, the order will be executed. This is a good approach, but in some case, it's not the best one, since
it's a little bit slow. So what we're going to do? We're going to cancel yes. Now we'll choose market. Market means sell this asset at the market price
at this moment, so it will be
executed instantly. We here you can see we
don't have any used this and when I select all salamas that
we have and press sell you can see that our
order was placed successfully, and we receive 5.99
USDT to our account. So this is how the cell and buy mechanism
work in the exchange. You saw that we
own 0.025 Svanas. We've sold them, and
now we own 5.99 USDTs. Now, let's go to future section
and see how that works. We'll need to go to
futures over here. Also both exchanges has
mobile application, which I think is better to use, but I'm showing it on the computer because
you will be able to see everything what's
happening here more detailed than on the mobile app. Okay, so this is
our features menu. You can see we are
at the moment, looking at the
efium use dT price, the current price is over here. Okay, so there's two options isolated and cross. So
what does that mean? Isolated, you select the amount of margin you're using,
for example, $100. If you lose the amount, it will not affect your account. So basically, you're isolating this way the risk you're taking. With cross, if you have $10,000 in your account
and everything goes down, your entire account will be editing margin until it
will get liquidated. I always use
isolated, it's safer, and believe me, being
liquidated is not a nice thing. So don't try to use. Okay, so let's stick to Elate. So here is our leverage. You can see that leverage
can be different from x one to x 25. Let
me show you some. Let's go to x 25. Okay. You can see that
we have zero ttes here. Let me transfer
from Spot account. This is the best
thing about KSAx. It has only two accounts, so it's not confusing at all. Some of exchanges
like Binance and Bibi they have five
and you're like, Okay, how do I transfer
the money now? It's a little bit confusing. Okay, so since we have
only two accounts, it's simple spy.
Okay, let's transfer. Okay, you can see that we
have transfer 6.5 usages. If I select, if I
select the amount, you can see a few things. Estimated liquidation price, if we go long and
if we go short. Now, pay attention.
You see the price? This is five minute chart. So our chance of being
liquidated with X 125 is rising. This is why I encourage you
to use smaller leverage. Why? Well, simple. Let's make our money
safe and nothing por. Okay, with that being
said, let me change our leverage to something
more appropriate as risk. For bitcoin and
nefarim I'm trying to use around ten,
it's pretty safe, but with altcoins, x two or
x free even is recommended. Okay, so let's go to x ten. Now, let's create our order. Okay, you see if we go along, our liquidation
will be at $4,045. Same with short. So here, if we go to our four hour chart, we easy can see the levels, and we will be able to predict where to
put our stop loss, and we'll be able to manage our risk in let's say,
reasonable borders. So now let's create
our first trait Okay, so we are opening at Exten
isolated, market order. You can use limited, but I prefer to use market
in this case. But with futures, in some cases, if I will show you
later in our classes, when we are finding levels, it's good to use limit as well. It could be really,
really useful. But for the purpose of
this class, of course, we'll be using market
so that you can get a clear and easy understanding
of how it works. Okay, so we're going
with market, 100%. Our amount will be $58.27. Again, we are entering
with 5.83 SDT. It doesn't up, it
doesn't let me to get. Okay, so we are entering
with this amount of margin, and we are buying for $58. Let's buy long. Our long order is completed. So let's go to our orders. Over here, you can
see that we have opened long, isolated extend. Our position amount is 58.22 it. The price with entret is
here. This is our break. Even this is the current mark. This is our liquidation, and this is our margin create. So over here, we can see our unrealized panel and our unrealized panel
in percentage. You can also add auto
margin addition, which I don't recommend. This way you are changing your order status from
isolated to cross, and all your account is at risk. But over here is
something useful. This is market, make
profit, and stop loss. So we can do like this. So the price we've entred
is 475. So let's do it. Okay. And let's do a stop
loss at four so you can see, if we sell at this price, we'll profit 0.31
USDT, which is 5%. This is the important part. You always think
about percentage. You don't think about the
money, think about percentage. Think about how much you make. You can put $10. But with the $10,
if you make 20, 50 or 60%, this is the result,
not the money you've made. And here is the same
for our stop loss. Now I will show you
a little rule which says that your profit must
be three times your loss. So to make it three times your loss,
let's do it like this. So if we will lose, let's say, here, 10%, yes, we must profit
30% and automatically, you will get your order set up. So you will exit at 4,609 and your stop
loss will be at 4,430. This way you're losing 10%, and if your position is correct, you are profiting 30%. You can use it like this. Let's say 150 against 50. But the rule is profit bigger
than your loss three times. Otherwise, your risk management
is totally not okay. So let me close this position. Unfortunately, we'll close
it at the -0.2 cent. Let's close it. Okay, so we
have closed successfully. Unfortunately, we
didn't make any profit. And this is the simplest
functions unit. My idea is not to throw
you here, okay, guys. Trade, you will make
money and blah, blah, blah blah the idea
is not to throw you in the battlefield
unprepared. I want to show you simply
how you can open an order, how you can do this,
how you can do that. Later, we'll talk about more advanced things and you will learn how to
predict the price, how to analyze the chart. And basically, you
will with each lesson, you will get more
and more information on how to succeed
on this market. But let me tell you now, discipline is something you
need to work on from day one. If you don't work with discipline and if you
don't have discipline, believe me, you will lose money. It's not that easy as it looks. We have seen how to
do a spot order, we have seen how to
do a futures order. The type of market orders
we have limit and market. In both cases, it's the same. Now, let's transfer
our funds from keySeX to Binx.
Okay, let's do it.
5. Lesson 4 - Transfer funds from CEX: Do this, I will need
to transfer my funds back to SPOT. P. Let's transfer all. Perfect. Let's go to
our wallets. Spot. Okay, so we have six UT in
our spot wallet over here. Now, let's withdraw it. Okay? This is our withdraw
user interface. Our deposit user interface
is basically the same. So we are going to
transfer it to Binx. Now let's go to deposit. No. Can see that it's basically the same
as the withdrawal, and this is a
different exchange. Okay so let's deposit use the T. I use BNB because it
has the less fees. Okay so let's copy
our address, copy. Let's go to KeyseX based. Now important thing when
you withdrawing money, be careful with these networks because if you miss
match the network, your money will be lost. So it's BNB, smart chain, yes. Okay? Select all, submit. Okay. Okay, I need to
change verification. Let's get our email. Okay, let's get our code. Our code is 363537. Submitted. Okay, now we need
to do a mobile verification. Yes. This is so annoying, but
there's no other way. The good thing with Mobile app, you can do it just with
face ID if you use iPhone, and I think if you use Android, you will be able to
do it if they have something like Face
ID or touch ID. Okay, so we're submitting it. Done. Okay, so we have successfully withdraw
our money from KSAXs. Now let's go to Binkx. Okay, so at the moment, we don't see any
deposits over here. Let's refresh. Usually takes like
a few minutes. Okay, so you can see that our deposit has been
deposited successfully. It took me 5 minutes to receive my money from one
exchange to another, which I think is pretty fast. So let's go to our assets. So here we have our funding
account, our spot futures
6. Lesson 5 - Trading on BingX and more.: Let's try doing a spot
trait on keySeX transfer. We will be transferring
our from funding to spot. Here, it's a little bit more confusing. Let's transfer them. Let's go to Spot accounts let's
buy XRP XRP use the team. A lot of modifications here. Another big thing,
pink xs is trading I, which you can ask
a lot of things, and it can be really useful
because when you are trading, it's important to get maybe
a second opinion sometime. This AI can help
you trade a lot. Okay. So as you
can see, close it. As you can see, basically, the interface is the same. Over here, we have spot, market, limit just the same
stuff we had in Kisexs. So let's do a little market. Okay, so we can
buy two ER piece. Let's buy two exer piece. Okay, market price, perfect. Execute immediately, and
we have 2.19 exRpiece. Now, let's sell them. Okay, confirm, sell. Okay, so we have
our US digs back. Let's try doing limit at buy. Okay, so we will
buy at, let's say. Two. We need to buy
with a lower price. So 295. Extra piece, Pi. Okay, let's create our order. Here, order is a little
bit more simple. You have price amount, total money that we
are going to spend. Confirm. Okay, you can see that our
order is here and it is also pending and waiting for a trigger price.
So let's cancel it. Confirm. So spot trading is pretty
simple in both exchanges. You just deposit the money, you select the type
of order you want, limit or market, you
select your assets, and you're ready to go. Let's go to futures as well. Okay, so we'll need
to go to Futures, use the M, which stands
for Fat futures. Okay, so our future menu is basically the same
we saw with KSAxs. Let's transfer our
assets over here. Okay, so from our SPOT account
to our futures account. Okay, let's transfer it. Over here, we have
Cross and islatd. And this is the new
one separate islatd. You can open multiple
related margin positions in the same direction for
the same trading pair. Could be useful, maybe. Why not? This is an interesting
approach to trading about how
to open a position. We'll talk a little bit later
in our classes and we'll discuss what is the best
approach in futures trading. Here also we have hedge. Now this is interesting.
Let me explain. Not a lot of exchanges
has hedge mode. Hedge mode allow you to go long and short at the same time. I will show you how to use the hedge mode in
our next lessons. But let's say, it's a great tool when you
know how to use it. And basic mode, which is one
way mode, when you can open, let's say, thereum
long or only short, you cannot both them
open them both. So I will use for
this video one way, confirm and as we talk with you, the leverage is important. Be careful. Here we have 150, which is a lot more
than we have on KseX. So this is another
advantage of Binx. You have bigger leverage. But remember, bigger
leverage, bigger risk. Be careful. Okay, so I will
go with extend as well. So let's try it. Mark ILated. Extend one way. Variable margin.
Let's select all. Sorry, we are at Bitcoin. Let me transfer to perio, yes. Okay, so I will need
to fix this. Yes. Okay, so isolated, extend, one way market. Let's go. Okay. Over here as well, we have our estimated
liquidation in case of short and long. I will go long. Okay. Okay, so we have successfully
opened our long position. You can see that it's
basically straightforward, the same with the
kisses position we had. You have your position,
your profit or your loss. Current commission that we
have paid to the exchange, average open price,
mark price at the moment, liquidation,
risk margin. I think over here we'll
be able, yes, over here. You can see that we can use
this mechanism to add margin. So basically, if I add
the margin I have and confirm I'll be able to add margin and
lower my liquidation. Also, you can reduce
margin like this. We reduce the margin and you can see the liquidation
price is changing, not in our favor. Confirm, and we withdraw extra liquidity that we have
entered to our contract. Okay, so over here we have
our margin, as I've told you. Now as well, take
profit or stop loss. So take profit, stop loss. You know the drill basically. Always, you must profit three
times more than you lose. So it must be one to
three in your favor. Okay, so I will not be
editing this right now, over here, we can
close our position. We can choose to close
it on market or limit. If we use limit, we need to select the price. If we use market, we are closing at the moment. So we have a little bit
of profit over here, so let's close it
at market. Confirm. And we have successfully
closed our position, and we should be
able to see here in our trade history
this position. Okay. So this is our buy, and this is our sell. And you can see how
much money we've made and how much we've
paid to exchange. So this is how you create a
trade on spot futures market, and I've show you how to transfer your funds from
one exchange to another.
7. Congratulations : Well, you've made it. Now you have successfully
completed my class, and at the end, you know what is spot? What does futures trading mean? What is the difference between
long and short position? And you know how to transfer funds from one
exchange to another. Also, now, I've
created this class to show to you Guys,
this is the platform. This is how it works
to at least make it easier and simpler for
you to start trading. Because when I start trading, believe me, I learn everything
by heart and by myself. I want you to know that there is somebody there that
will always help you. If you have any questions, feel free to contact
me at anytime. I will respond as soon as I can, and I will try to help you.
Alexey Bulatnikov
