When trading contracts, you must not underestimate the transaction fees, as this is a significant outflow. New players may not understand this and carelessly throw away money that should belong to them. High-frequency traders even say that the transaction fees can be higher than your principal. Originally, the trade is profitable, but when you check your account, it's all losses, and it's all because your transaction fees were absorbed. For example, Binance charges a transaction fee of 0.05%. If you open a position with 1000 USDT at 100x leverage, that would be 1000 * 100 * 0.001 = 100 USDT. If you get a rebate to your phone, it's only 35 USDT, and usually, you can rely on rebates to maintain your living, so it is very necessary to open one.
Invitation 🐎: AARRR
