So scary! In just one week of trading contracts, the fees actually exceeded the principal!!!

This is what a friend of mine told me; he said he has been trading contracts frequently lately, opening and closing positions every day, and he hasn't even counted how many times he does it daily. Using the method I taught him to check the fees, he found out that the total fees actually exceeded his principal!

This friend just realized that fees can be refunded. All those fees were wasted before, and none of them came back.

Suppose you use 100u and open a 50x position. That means you are using 5000u to either short or long, and the average fee on a major exchange is about 0.04%. This means you need 2u to open a position and 2u to close it. So, without doing anything, 4u in fees is taken from your 100u principal. If you open 5 positions in a day, that would be 20u in fees; if you go back and forth 10 times in a day, the 100u principal would have astonishingly reached 40u in fees. Opening 20 positions, the fees would be roughly equal to the principal.

I have already seen more than one person in the square explaining that they sold slightly higher than the buying price but still lost money; this is the loss from the fees!

So you know how much you lose without rebates, right? If there were rebates, I could refund you a portion of those fees.

Everyone can check this out based on what I posted. When trading contracts, you must absolutely have rebates!

Additionally, and this is the most important point, you must trade on major exchanges; don’t go to unknown small exchanges! Wishing everyone a smooth journey!

To understand about rebates, feel free to leave a message in the comment section. #btc #ETH #币安Alpha上新 #加密市场反弹