Step 01 of 5
Twelve lessons. One idea each.
Read in order the first time. Each one has a picture you can move and a single question. 0 of 12 marked done.
Continue at 01 · Three bets01 · 5 min
Open
Three different ways to bet on a price
Owning the coin, borrowing to own more, and trading a contract are not the same click.
02 · 6 min
Open
Leverage is a multiplier, not free money
It does not add cash. It makes the same price move count for more of the cash you already posted.
03 · 6 min
Open
The cash you lock up
Initial margin opens the trade. Maintenance margin is the line that closes it. Isolated and cross decide whose cash is standing there.
04 · 5 min
Open
Up bets and down bets
Long gains when price rises. Short gains when price falls. You do not need to own the coin to take either side.
05 · 5 min
Open
The contract that does not expire
A normal future has a last day. A perpetual does not. Funding replaces the ending.
06 · 6 min
Open
The payment between traders
A small percent, on a clock, on the full position. It adds up, and the sign tells you who pays.
07 · 6 min
Open
When the desk closes you
Liquidation is not a fine. It is the moment the cash behind the bet no longer covers it.
08 · 7 min
Open
Decide the loss before the leverage
A sane size starts from 'what can I lose,' not from the highest number on the slider.
09 · 5 min
Open
The buttons on the ticket
Market, limit, stop, and take-profit are four different promises. None of them is a guarantee of a perfect price.
10 · 6 min
Open
Four platforms, one idea
Coinbase, Kraken, Binance, and MEXC can all show you a perpetual. They do not use the same words, clocks, or buttons.
11 · 5 min
Open
How accounts actually go to zero
It is rarely a mystery wick. It is a setting that was already wrong before the wick arrived.
12 · 5 min
Open
A careful first week
Do not send an order anywhere until you can say the loss, the liquidation, and the funding clock out loud.
Step 01 of 5
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