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.