ON COSTS
Since most of us are not VIP Users, fees are a critical to our operating costs.
There are several points to consider.
1) You pay fees regardless of realizing gains or loses.
2) You only realize a gain if the payout covers the commissions.
3) You pay for the entry and the exit. Both.
4) When you lose, you still have to pay fees all the same.
e.g if the fees are 0.1%, your real PNL should be greater than 0.2% for a profit. A losing would cost the realized losses and the fees on the volume traded. Therefore, in leverage trades you do not pay for the margin, you actually pay for the volume of the entire position.
Account for costs. Use an adjusted PNL that includes fees in the calculation, do not be mislead by nominal gains.
Costs cannot be eliminated. The only thing one can do is to optimize cost management by reducing turnover and finding any way to reduce costs through rebates and discounts.
In Binance, $BNB can be used to pay fees with a discount. Rebate vouchers can be redeem with points earned through promotions and activities.
