Do you know how high your trading commission is?
You only need to trade for one month, and your commission will be higher than your principal. As a big trader, I need to transfer 9000 US dollars in commission to him every week, which is shockingly high. So how is that commission calculated? Let me calculate a data point for you, and you will understand.
Contract trading:
A single commission is 0.0005 (0.0005)
A buy and sell is a commission of 0.1% (0.001)
The commission for 100x leverage contracts is 100×0.001=0.1
(10 percent)
The commission for trading three times a day is 0.1×3=0.3 (percent
of 30)
The accumulated trading commission for one month is 30×0.3=9 (percent
of 900)
The accumulated trading commission for one year is 12×9=108 (percent
of 10800)
1000 US dollars margin to open 100x leverage
The accumulated trading commission for one year is 108000 US dollars
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