These are the best trading pairs for futures trading (Class 19)

Summary

This video script discusses essential considerations for trading in the Futures Market, emphasizing the importance of selecting the right trading pairs. The speaker shares insights on avoiding new and easily manipulated cryptocurrencies, using tools to track token releases for potential market impacts. Top recommended pairs include BTC, ETH, ADA, and MATIC for their stability and predictability. The script also hints at upcoming content on trading strategies and the best exchanges for Futures trading, urging viewers to stay tuned for actionable advice.

Takeaways

• 😀 The speaker has returned to teaching after recovering from an illness and will be sharing trading strategies on YouTube.
• 📈 Selecting the right trading pair is crucial when starting to trade on the Futures Market, and the speaker will discuss which pairs to use and avoid.
• 🚫 Avoid trading new cryptocurrencies on the Futures Market as they are easily manipulated, potentially leading to significant losses.
• 🔍 It's important to research who owns the majority of a cryptocurrency and their incentives, especially regarding the release of new coins that could affect market prices.
• 💡 The speaker suggests using tools to track the release dates of new coins as an indicator for potential shorting opportunities in the market.
• 🤔 Top cryptocurrency trading pairs to consider include Bitcoin with stable coins like USDT, USDC, or BUSD, due to their stability and resistance to manipulation.
• 📊 Ethereum is highlighted as a leading indicator in the cryptocurrency market and should be monitored even if not actively traded.
• 📉 Cardano (Ada) is noted for its predictability and resistance to manipulation, making it a good choice for traders looking for reduced risk.
• 🚀 Metic (MATIC) is described as highly volatile with high momentum, requiring careful trading strategies focused on support and resistance levels.
• ❗ New cryptocurrencies recently listed on the Futures Market should be avoided due to the potential for market manipulation and downward selling pressure.
• 📝 The speaker will provide an in-depth look at the best exchanges for trading Futures in an upcoming video, emphasizing the importance of choosing the right platform.

Q & A

What is the main topic of the video script?

The main topic of the video script is about trading strategies in the Futures Market, specifically focusing on selecting the right trading pairs and avoiding certain cryptocurrencies.

Why did the instructor take a break from uploading classes on YouTube?

The instructor took a break from uploading classes on YouTube because they were feeling very ill and needed to recover.

What is the importance of selecting the right trading pair in Futures trading?

Selecting the right trading pair is important because it can affect the ease of calculating potential gains or losses in dollar value and align with a trader's strategy.

Why should traders avoid new cryptocurrencies on the Futures Market?

Traders should avoid new cryptocurrencies on the Futures Market because they are easily manipulated, and their founders or major holders may have incentives to dump the coins on the spot market, creating artificial price movements.

What is a leading indicator in cryptocurrency trading?

A leading indicator in cryptocurrency trading is a cryptocurrency, such as Ethereum, that tends to move first and can predict or signal the direction of other cryptocurrencies.

Why is it beneficial to watch Ethereum even if you're not trading it?

It is beneficial to watch Ethereum because it often acts as a leading indicator for the rest of the cryptocurrency market, allowing traders to anticipate market movements.

What is the significance of the stable coin in Futures trading pairs?

Stable coins are significant in Futures trading pairs because they provide stability and reduce the risk of extreme volatility, making it easier for traders to predict and manage their positions.

Why is Cardano (ADA) considered a good trading pair despite its stability?

Cardano (ADA) is considered a good trading pair because its predictability and reduced volatility can lower the risk for traders, allowing them to make more accurate trades.

What is the role of staking in the stability of a cryptocurrency like Cardano?

Staking plays a role in the stability of a cryptocurrency like Cardano by securing the network with a large amount of ADA, making it less susceptible to market manipulation.

Why should traders be cautious when trading Metic (MATIC) on the Futures Market?

Traders should be cautious when trading Metic (MATIC) on the Futures Market due to its high volatility and momentum, which can lead to significant price movements that require careful trading strategies.

What is the role of smart contracts in identifying potential shorting opportunities?

Smart contracts can be used to identify the release dates of new tokens, which can create downward selling pressure when released to the market, providing potential shorting opportunities for traders.

What is the instructor's advice on trading strategies and execution?

The instructor advises viewers to watch the upcoming video where he will share his trading strategies, including how to plan and execute trades effectively.

Why should traders avoid algorithmic stable coins like UST?

Traders should avoid algorithmic stable coins like UST because they can be less stable and may not maintain their peg, leading to potential losses in trading.

What is the instructor's view on the importance of research before trading?

The instructor emphasizes the importance of research, including understanding who owns the majority of a cryptocurrency and the potential incentives for market manipulation, before trading.

Outlines

00:00

📚 Introduction to Selecting the Right Trading Pairs

This paragraph introduces the importance of selecting the right trading pairs when entering the Futures Market. The speaker emphasizes the relevance of prior lessons, mentioning their recent absence due to illness but assuring that they are back with more content. The focus is on discussing which trading pairs to use and avoid, considering factors like account balance and strategy. The upcoming classes will cover essential strategies to succeed in trading.

05:01

💡 Understanding Cryptocurrency Manipulation Risks

This paragraph discusses the risks of trading newly listed cryptocurrencies on the Futures Market. It highlights how new cryptocurrencies can be easily manipulated by their founders or major holders, who might dump them on the spot market to profit from shorting on the Futures Market. The speaker advises traders to research the ownership and smart contract details of cryptocurrencies to anticipate potential downward pressure caused by coin releases and avoid high-risk trades.

10:01

⚖️ Top Cryptocurrency Trading Pairs to Consider

This paragraph provides insights into the top cryptocurrency trading pairs for the Futures Market. The speaker begins with Bitcoin (BTC) paired with stablecoins like USDT or USDC, emphasizing the stability and volatility of Bitcoin, which allows for significant profits. Ethereum (ETH) is also recommended due to its role as a leading indicator in the crypto market. Cardano (ADA) is praised for its predictability and lower volatility, making it a safer option. The speaker also mentions Matic, known for its high volatility and momentum, which can be profitable if traded carefully with support and resistance levels.

Keywords

💡Futures Market

The Futures Market is a financial exchange where traders can buy and sell contracts to buy or sell an asset at a predetermined price at a future date. It is central to the video's theme as the speaker discusses trading strategies and considerations specific to this market. For example, the script mentions 'trading on the Futures Market' and the importance of selecting the right trading pair within this context.

💡Trading Pair

A trading pair in the context of the video refers to two assets that are traded together, such as a cryptocurrency paired with a stable coin like USDT or USDC. The selection of the right trading pair is emphasized as a crucial step in trading strategies on the Futures Market, as it can impact the ease of calculating potential gains or losses.

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. The video discusses various aspects of trading cryptocurrencies on the Futures Market, including the risks associated with new cryptocurrencies that are easily manipulated, as well as the advantages of trading established ones like Bitcoin and Ethereum.

💡Manipulation

In the context of the video, manipulation refers to the potential for new cryptocurrencies to be influenced or controlled by their founders or major holders to affect the market price, often to their advantage. This is a key concern when selecting trading pairs, as it can lead to significant market volatility and unpredictability.

💡Stable Coin

A stable coin is a type of cryptocurrency designed to minimize price volatility by pegging it to a stable asset, often a fiat currency like the US dollar. The video mentions stable coins as preferred trading pairs due to their relative stability, contrasting them with cryptocurrencies that are not stable or algorithmic stable coins.

💡Fluctuation

Fluctuation in the video refers to the changes in the price of an asset, such as Bitcoin, within a given time frame. The speaker uses the term to illustrate the potential for profit in the Futures Market, as significant price movements can create opportunities for traders to capitalize on.

💡Trading Strategy

A trading strategy is a specific approach or plan for trading financial instruments, which in this video, includes deciding when to enter and exit trades based on various factors. The script mentions that the speaker will share their trading strategies in subsequent content, indicating the importance of having a well-thought-out plan when trading on the Futures Market.

💡Leading Indicator

In the context of the video, a leading indicator is a sign or event that precedes and may predict the direction of a market trend. The speaker notes that Ethereum has historically acted as a leading indicator for the broader cryptocurrency market, suggesting that observing its movements can provide insights into potential market trends.

💡Volatility

Volatility refers to the degree of variation of a trading price series over time. The video discusses the high volatility of certain cryptocurrencies, such as Metic, which can lead to significant price movements and potential profit opportunities, but also increased risk for traders.

💡Shorting

Shorting, or short selling, is the practice of selling an asset that the trader does not own, with the intention of buying it back later at a lower price. The video mentions shorting as a strategy in the Futures Market, particularly when there is downward selling pressure due to the release of new tokens or other market influences.

💡Smart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. In the video, the speaker suggests using smart contracts to determine when new tokens will be released, which can be a valuable tool for predicting market movements and making informed trading decisions.

Highlights

The importance of selecting the right trading pair in the Futures Market.

The speaker's recent illness and the resumption of uploading content on YouTube.

The significance of calculating potential gains or losses in dollar value for trading pairs.

Avoiding trading pairs of new cryptocurrencies due to potential manipulation.

The incentive for cryptocurrency founders to manipulate the market by dumping coins.

The use of tools to track the release of coins and anticipate market movements.

The top five cryptocurrency trading pairs recommended for trading in the Futures Market.

The preference for trading with stable coins like USDT, USDC, and BUSD.

The role of Bitcoin as a primary trading pair due to its volatility.

Ethereum's role as a leading indicator in the cryptocurrency market.

Cardano (ADA) as a predictable and less volatile cryptocurrency for trading.

The stability of cryptocurrencies with a significant amount in stake pools.

MATIC's high volatility and momentum in the Futures Market.

The risk of trading new cryptocurrencies recently listed on the Futures Market.

The example of STEPN and the caution against trading newly listed cryptocurrencies.

Upcoming video on the best exchanges for trading Futures in the cryptocurrency market.

The speaker's invitation for viewers to join the next class on cryptocurrency exchanges.

Transcripts

all right so you've learned all the

concepts of trading the Futures market

and now you think you're ready to start

pulling the trigger and actually start

trading on the Futures Market one thing

that you have to consider or to take

into consideration is selecting the

right trading pair in this class I'm

going to be discussing which trading

pairs you should be using the ones you

should be avoiding now if you've been

watching from class number one to class

number 20 you realize that maybe in the

past two months or a month or so I

haven't been able to upload here on

YouTube that's simply because I felt

very very ill I was very sick but now

I'm back I'm very healthy again I added

more classes which means I will now be

sharing with you my trading strategies

what you have to look out for before you

start trading you know the certain

things that you have to come through

before you start you know placing that

long or short position now all the

classes will be deployed this week here

on our YouTube channel so stay tuned

because this week we're completing

everything uh with regards to the course

and now let's get started this 20 pairs

are also based on the amount of money

that you currently have on your trading

account because some of these trading

pairs makes it easy for you to actually

calculate how much money you'll be

making or how much money you'll be

losing in terms of a dollar value I know

some Traders actually like to look at

this in terms of percentage it really

really depends on your trading strategy

the first trading pair that I want to

talk about maybe even before we get to

that I want to talk about trading pairs

that you should be avoiding or

cryptocurrencies that you should be

avoiding if you look in the world of

cryptocurrency right now you can see

about 20 000 cryptocurrencies already

exist but only a fraction of those are

available on the Futures Market even

though it's only just a fraction of

those that are available on the Futures

Market it's really imperative for you to

understand that some of these

cryptocurrencies are relatively new

which means that they are easily

manipulated you know when a new

cryptocurrency hits the Futures Market

the founders of those cryptocurrencies

or the people who hold majority of those

cryptocurrencies they have a huge

incentive to actually go and dump the

cryptocurrency on the spot Market than

pushing the price lower obviously

shorting the cryptocurrency on the

Futures Market they have huge incentives

because when you're trading on the

Futures markets you can trade from daily

X 25x to 100x so which means that if

they dump this thing on a spot market

and short the very same thing on the

Futures Market they stand to actually

make more money so you want to stay away

from Trading cryptocurrencies that are

relatively new and it just got you know

recently listed on the Futures market

and also when you're trading these

cryptocurrencies you need to look at who

owns what who owns majority of these

cryptocurrencies and what will be their

incentive for them to actually dump the

coin on the spot market and also look at

the team how many percentage do they

have because once these tokens are

actually available to the team they can

obviously go and dump them or the sport

Market because they actually got

description currencies for free so

firstly you need to do your research

with regards to who owns what majority

of those cryptocurrencies and also you

can use this tool to actually look into

the smart contract and see when is the

next release of the coins that are

actually available because whenever

those new coins are actually released

they make their way to their Market

obviously that's gonna create a downward

selling pressure that's maybe a you know

a good indication for you to actually

look at that as a leading indicator for

you to actually short the market because

you know once these coins or these

tokens are actually released and they

make their way to the sport Market or to

their hands of the founders or early

investors whatever the case may be it's

going to create a downward selling

pressure so maybe you can use that

opportunity to actually short the market

like I said this is not Financial advice

but this is just a great tool that I

wanted to show you guys where you can

actually see when is the next batch of

this cryptocurrencies when they're gonna

be released now back to the top five

cryptocurrency trading pairs that I'm

actually looking at whenever I'm trading

before we get to that whenever we're

talking about a trading pair we're

talking about maybe Bitcoin to USD and

most cases I'm pairing Bitcoin or

whatever cryptocurrencies with a stable

coin like usdt usdc busd and basically

just stable coins that are relatively

stable nothing like UST because that is

just one stable coin that just went to

zero so you don't want to be trading

with stable coins that are not stable or

algorithmic stable coins so the best

trading pair obviously is going to be

BTC USD or whatever BTC usdc also this

depends on how much money you actually

hold on your account because Bitcoin

fluctuates within a day from you know a

price of 1500 to 2 500 US dollars so

when you're actually trading with a

bigger size account where you can

actually hold a position of one Bitcoin

on your Futures Contract that's when you

can actually make more money because as

Bitcoin fluctuates it's actually

creating this room for you to actually

make anywhere from 500 to 2500 within a

single you know movement because we know

these markets are very volatile So

within this key points here that's when

you can actually be making anywhere from

500 to 2500 US Dollars obviously

depending on the trading strategy that

you're actually using speaking of

trading strategies make sure that you

check out the video coming up next

because on that video I'm gonna give you

my trading strategy how I plan my trades

how I execute them all that stuff so you

don't want to miss that all right so the

next pair that we want to look at is

ethereum ethereum is also one of the

world established cryptocurrencies which

means it cannot be easily manipulated so

you can easily trade it on the Futures

Market ethereum is even a cryptocurrency

that is acting as a leading indicator

for most cases so ethereum first to

remove then the rest of the

cryptocurrencies like Bitcoin or and

other all coins will actually follow

what ethereum is doing for the past two

years ethereum has been acting as a

leading indicator in the world of

cryptocurrencies so even if you're not

trading ethereum you can always have it

on your watch list so that you can have

a look at what ethereum is doing and

then anticipate on what most likely will

happen to the rest of the

cryptocurrencies so you can use this as

a leading indicator the next

cryptocurrency that I trade on the

Futures Market is Ada this is also where

I make most of my profits I know a lot

of people you know were criticizing Ada

saying that it's a stable coin it

doesn't move as much as other

cryptocurrencies and there is some

element of Truth to that however I

looked at that you know when people are

saying in you know a cryptocurrency is a

stable coin when it isn't I looked at

that and I said to myself look this

cryptocurrency is predictable which

means even if it goes up or down it

cannot you know fluctuate as much and

that actually reduces my risk as a

Trader so when I'm trading Ada I'm only

taking advantage of a small price

movement because I know for sure that

this cryptocurrency will last just

likely you know fluctuate or be

extremely volatile so for that reason I

end up you know getting most of my of my

trades right when it comes to trading

Ada cardano is also one of the

cryptocurrencies that cannot be easily

manipulated because we've got a lot of

Aida that is sitting on stake pool that

is securing the network so for that

reason you know for a fact that this

cryptocurrency is not going to be

affected you know by people dumping the

cryptocurrency on the markets because

most of these coins are actually sitting

in Staples moving right along let's move

to metic metic is one of the most

exciting cryptocurrencies that you can

trade on the Futures Market provided

that it goes in the direction that you

actually predicted because metic is

extremely volatile not only that when it

actually moves it moves with high

momentum so you need to be very careful

and make sure that you're trading

support and resistance that's the only

way you can actually you know win and

make a lot of money trading medic and

it's also one of those stable

cryptocurrency in the sense that it

cannot be easily manipulated alright so

now we know that these are the pairs

that we should be trading when we're

trading the Futures Market or at least

the trading pairs that I'm actually

trading when I'm trading the Futures

Market but which one should you avoid

when you're trading the Futures markets

well we're looking at cryptocurrencies

that are relatively new that have you

know been recently launched and recently

being uh listed on the Futures markets

because in that case there is a huge

incentive like I said previously when

you look at cryptocurrencies let's take

for example step in this cryptocurrency

when it was introduced there was a lot

of hype around the project I almost made

a video with regards to how to you know

you know and step and with regards to

play to end and I did my research and

after I did my research I realized look

there's something fishy here let me wait

but I will make a video on that and tell

you guys exactly why I didn't you know

jump on the bandwagon when it comes to

Stepping but this is the perfect example

because you can see how significant this

cryptocurrency has dropped now what

another reason that made me not to

participate on step and was simply

because I realized that it was now

listed on the Futures Market which meant

there was a huge incentives for people

who are holding this cryptocurrency to

dump it on a sport market and short the

very same assets I'm not saying that has

been the case however when you're

looking at you know the smart contract

when you're looking at the tokens that

are going to be released like I said

earlier when these tokens make their way

to the sport markets they actually

create a downward selling pressure you

can use these tools to actually find out

which date is going to be the release

date for a specific cryptocurrency then

you can use that to actually short the

market because in most cases once these

cryptocurrencies one or other ones these

coins are released to the founders or

early investors they will go directly

and sell them and then obviously that's

going to create a downward selling

pressure you can now go on a you know

Futures market and maybe short that

asset you can use this tool to actually

look at the Smart contract and see when

is the next release on this

cryptocurrencies and then next video I'm

gonna call in-depth with regards to the

best exchanges that you can use to trade

the Futures Market that video is going

to be showing up right here if you

haven't already make sure that you give

this video a like if you have any

questions leave a comment on the comment

section below and I really appreciate it

if you can smash that subscribe button

and turn on all post notifications so go

ahead and join me on the next class

where we look at the best cryptocurrency

exchanges that you can use to trade the

Futures market I'll see you there just

viewers bye