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

This is what a friend of mine told me, saying that he has been trading contracts quite frequently lately, opening and closing positions every day without even calculating how many times a day. He checked the total transaction fees using the method I taught him, and it turned out that the total fees exceeded his principal!

This friend just realized that transaction fees can be refunded. All these fees were wasted before, with not a single cent returned.

Assuming you use 100u and open 50 times leverage. That means you are trading with 5000u for short or long positions, and the transaction fees on major exchanges average around 0.04%. So you need 2u to open a position and 2u to close it. This means that without doing anything, you already spent 4u in fees from your 100u principal. If you open 5 trades a day, that's 20u in fees; if you go back and forth with 10 trades a day, the transaction fees from your 100u principal can shockingly reach 40u. Opening 20 trades, the fees are basically equal to the principal.

I've seen more than one person in the square explain that they sold slightly higher than the purchase price, yet they still lost money, and that's due to the transaction fees!

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

Everyone can check this based on what I posted. When trading contracts, it is absolutely essential to have a rebate!

Also, the most important point is to trade on major exchanges; do not go to unknown small exchanges! Wishing everyone a smooth journey! If you want to know more about rebates, feel free to leave a message in the comments.