Let me tell you a calculation you may not have considered, but it is absolutely true:
Assuming you are trading contracts with 100 times leverage:
Opening and closing a position once incurs a fee of one-thousandth (0.001). Don't underestimate this one-thousandth.
If your principal (margin) is $1,000, 100 times leverage means you control a position of $100,000. The fee for one buy and one sell is $100,000 * 0.001 = $100!
Even if you only make 3 trades a day, the fees would be $300.
In a month? 300 * 30 days = $9,000!
After a year? 9000 * 12 = $108,000! With a principal of $1,000, you might spend over $100,000 just on trading fees in a year! Enough to buy a nice car, right?
The same goes for spot trading; with a principal of $100,000:
Currently, platform fees generally range from slightly more than one-thousandth to two; calculated at 0.2% (which is already low).
For one buy and one sell, completing one transaction incurs a fee of 0.4%.
With $100,000 in principal, the fee for one buy and one sell is $400.
If you are an active trader and trade 3 times a day, that's $1200 a day.
After 30 days in a month: $36,000!
In a year? $432,000! Over four hundred thousand dollars gone! What can this money not do?
This is why many brothers work hard to trade, watching their account funds fluctuate, only to find they cannot make money or even lose money! Because if you trade at break-even (back and forth trading but with unchanged prices), just the fees in a year may consume several times or even dozens of times your principal! And if the market fluctuates and you lose a bit more, think about how terrifying that is?
So what to do? The core is: open source and save costs.
Cost-saving: Fee discounts
Using BNB to offset fees (a Binance official function) can save some money; you can do this step yourself.
Open source: Commission sharing
This is the key point I urge you to seriously consider. Binance has an official commission plan.
Simply put: If you register, open an account, and trade using my exclusive link, Binance will return a portion of the fees you pay to me (equivalent to a reward for referring you).
What I am doing now is very simple: I take most of the commission I receive from Binance and directly share it with you! That is, converting the fees you paid back into your own pocket!
The money is not an extra payment to me; it is the commission returned to me by Binance, which I share with you! It is the money you get back from the fees you paid!
This is not some abstract concept; it is real money that can actually hit your account every month or periodically.
For example, in your previous contract example, if there were several thousand or even tens of thousands of dollars in fees generated in a month.
I divide the commission I receive with you proportionally; you may be able to get back a few hundred to a few thousand dollars a month.
This money can be taken out to improve your life, supplement household expenses, or serve as bullets for your next trade, allowing you to attack and retreat.
If you profit: Commission sharing is pure profit addition. If you lose: Commission sharing can effectively compensate for your account's loss rate, which is equivalent to improving your survival ability, allowing you to survive.