Tutorial 5

Futures Trading Basics መሰረታዊ ኣፍልጦ ብዛዕባ Futures and Leverage

Learn CEX, DEX, futures types, funding fee, margin, and risk modes. CEX, DEX, Futures, Funding Fee, Margin ዎ Risk Modes ብቐሊሉ ተማሃሩ።

Centralized vs. Decentralized Exchanges

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In crypto there are two main exchange types. The key difference is control and custody.ክሪፕቶ ክልተ ዓይነት መለዋወጢ አለዎ። ፍልልዮም ኣብ ቁጽጽርን ደሕንነትን ዝተሰረተ እዩ።

CEX

Centralized Exchange

Works like a bank. One company controls deposits, withdrawals, and order matching.ከም ባንኪ ይሰርሕ። ሓደ ማእከላይ ትካል ንገንዘብን ንትእዛዛትን ይቆጻጸር።

  • KYC:ማለት ብታሰራካ ከም ባንኪ ተጠቃሚ ትሕተት Binance, Coinbase, OKX.
  • Easy for beginners, but funds are controlled by the company.ንጀመርቲ ቀሊል እዩ፣ ግን ገንዘብካ ኣብ ቁጽጽር እቲ ኩባንያ ይኸውን።
DEX

Decentralized Exchange

No central company controls your coins. You connect your wallet and trade directly.ማእከላይ ኣካል የብሉን። ቦርሳኻ ብምትእስሳር ብቐጥታ ትነግድ።

  • Wallet: Uniswap,Aster,HYPE PancakeSwap, dYdX.
  • More control, but you are responsible for wallet safety.ቁጽጽር ኣብ ኢድካ እዩ፣ ግን ደሕንነት ቦርሳኻ ንስኻ ትሕለዎ።

Traditional Futures vs. Perpetual Futures

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Both are contracts based on the future price of an asset.ክልቲኦም ንዋጋ ሓደ ክሪፕቶ ንመጻኢ ብምግማት እትነግዱሎም ውዕላት እዮም።

Traditional Futures

Has an expiry date. The contract closes on a fixed date.ናይ መወዳእታ መዓልቲ ኣለዎ። ኣብታ ዝተወሰነት መዓልቲ ብግዲ ይዕጾ።

Example: BTC is $76,000 today. You expect $86,000 by June 30. On June 30, the contract ends.ኣብነት፦ BTC ሎሚ $76,000 እንተኾይኑ፣ ኣብ ሰነ 30 $86,000 ክበጽሕ እዩ ትብል። ሰነ 30 እቲ ውዕል ይዕጾ።

Perpetual Futures

Has no expiry date. You can keep it open until you close it or liquidation happens.ናይ መወዳእታ መዓልቲ የብሉን። ባዕልኻ ክሳብ እትዓጽዎ ወይ Liquidation ክሳብ ዝመጽእ ክፉት ይቕጽል።

Example: You long BTC at $60,000 and close when it reaches $80,000.ኣብነት፦ BTC $60,000 ከሎ Long ትኸፍት፣ $80,000 ምስ በጽሐ ትዓጽዎ።

Funding Fee

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Funding fee keeps perpetual futures close to the real spot market price.Funding Fee ዋጋ Perpetual Futures ምስ Spot Price ተመሳሳሊ ንክቕጽል ዝሕግዝ ክፍሊት እዩ።

It is usually exchanged between traders every few hours. The exchange normally does not take this fee.ብዙሕ ግዜ በብ 8 ሰዓት ኣብ መንጎ ነጋዶ ይለዋወጥ። Exchange ብቐጥታ ኣይወስዶን።

Initial Margin vs. Maintenance Margin

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Margin is collateral required to open and keep a futures position.Margin ማለት ን Futures Position ንምኽፋትን ንምቕጻልን ዘድሊ ትሕጃ እዩ።

Initial Margin

The minimum money needed to open a trade.ንሓደ ውዕል ንምጅማር ዘድሊ ውሑድ ገንዘብ እዩ።

Example: You open a $10,000 trade with $1,000. That $1,000 is Initial Margin.ኣብነት፦ ብ $1,000 ናይ $10,000 ንግዲ ትኸፍት። እቲ $1,000 Initial Margin እዩ።

Maintenance Margin

The minimum balance needed to keep the position open.Position ከይዕጾ ኣብ ቦርሳኻ ክህሉ ዘለዎ ዝተሓተ ገንዘብ እዩ።

If your balance falls below this, liquidation can happen.ገንዘብካ ካብዚ እንተንኢሱ Liquidation ክመጽእ ይኽእል።

Isolated Margin vs. Cross Margin

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This controls how your wallet balance is used for risk.እዚ ኣገባብ ኣብ ቦርሳኻ ዘሎ ገንዘብ ምስ Risk ከመይ ከም ዝተጠቀም ይውስን።

Isolated Margin

  • Each position uses only the money assigned to it.ነፍሲ ወከፍ Position ናቱ ዝተወሰነ ገንዘብ ጥራይ ይሕዝ።
  • Your risk is limited to that position.ሓደጋኻ ኣብታ Position ዘላ ገንዘብ ጥራይ ይውሰን።
Better for beginners.ንጀመርቲ ዝያዳ ውሑስ እዩ።

Cross Margin

  • All available wallet balance supports all open positions.ኣብ ቦርሳኻ ዘሎ ኵሉ ገንዘብ ንኹሎም ክፉታት Positions የገልግል።
  • Can delay liquidation, but can risk more of your wallet.Liquidation ከደናጉዮ ይኽእል፣ ግን ብዙሕ ገንዘብ ክጠፍእ ይኽእል።
Use carefully.ብጥንቃቐ ተጠቐሙሉ።