#firstdealofthenewyearFateema * Long (Buy) Position: If you think the price of a cryptocurrency will go up, you'd buy a futures contract. If the price does rise, you profit. * Short (Sell) Position: If you believe the price will fall, you'd sell a futures contract. If the price does decline, you profit. * Leverage: Crypto futures trading often involves leverage, meaning you can control a larger position with a smaller amount of your own money. This magnifies both potential profits and potential losses.