Step 1: pick a venue and market
- Choose a major venue (liquidity first).
- Start with BTC or ETH perps.
- Check fees + funding interval before you trade.
Start with a small size and 2x–5x leverage. Your goal is to survive and learn.
Step 2: choose margin + leverage
- Use isolated margin to cap risk.
- Set leverage low (2x–5x).
- Check the liquidation price before you place the order.
Step 3: place the order
- Limit order = lower fees, but slower fill.
- Market order = instant fill, higher fees.
- Always set a stop loss before you enter (or immediately after).
Step 4: manage risk
- Don’t add to losers (common beginner trap).
- Avoid trading during major news if you’re new.
- Track funding times so you’re not surprised by payments.
Related pages
- Avoid liquidation guide: Avoid Liquidation in Perps
- Leverage explained: Perp Leverage Explained