I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
There are several things I caught from your post here:
- You are a newbie in trading
- You are also a newbie in future trading
- You want to take part in the future trading challenge/competition
- You still don't know how.
then, all I can say is:
Don't follow the challenge.
Yes, why?
Because you really aren't ready for that. Did you know that futures trading is very risky? Even if you can make money, will you really run out? Are you aware of that? Or are you just thinking about the prizes and high profits that you can get from future trading? If yes, forget it. Future trading is more risky than ordinary spot trading. Even if you don't understand how to do it, this will be very risky.
It's better if you prepare yourself first, learn about spot trading first. If you understand indicator analysis, both TA and FA analysis, then you can start to increase your insight and knowledge in future trading. It also requires a lot of perseverance and knowledge. Because the risk is very high.