When trading futures on Binance, you can choose to either go long or short on a given asset. If you believe the price of the asset will rise, you would go long, and if you believe the price will fall, you would go short. Your profit or loss is calculated using the following formula:
Profit/Loss = (Exit Price – Entry Price) * Position Size
NOTE: This article is intended to provide general information on how to calculate futures profit in Binance. It is not intended to be a comprehensive guide. Please note that trading cryptocurrency futures carries a high level of risk and may not be suitable for all investors. You could potentially lose more than your initial investment. You should only trade with money that you can afford to lose. Before trading cryptocurrency futures, please understand the risks involved, and seek advice from an independent financial advisor if you have any doubts or concerns.
If you are long on an asset, your profit is calculated by subtracting your entry price from the exit price, and then multiplying that by your position size. For example, if you bought 1 BTC at $10,000 and sold it at $11,000, your profit would be ($11,000 – $10,000) * 1 BTC = $1,000.
If you are short on an asset, your profit is calculated by subtracting the exit price from the entry price, and then multiplying that by your position size. For example, if you sold 1 BTC at $10,000 and bought it back at $9,000, your profit would be ($10,000 – $9,000) * 1 BTC = $1,000.
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When it comes to futures trading, one of the most important things to know is how to calculate your profits. Otherwise, you could end up making some serious mistakes that could cost you a lot of money. Thankfully, calculating your profits on Binance Futures is actually quite simple.
Binance is a popular cryptocurrency exchange that allows you to trade a variety of digital assets. In order to maximize your profits on the platform, it is important to understand how to calculate your Binance profits. There are a few different factors that you need to take into account when calculating your Binance profits.
