Do you know how high your trading fees are?
You only need to trade for a month, and your fees are higher than your principal. As a big trader, I need to transfer 9000u in fees to him every week, which is absurdly high and frightening. How are those fees calculated? Let me calculate a data point for you, and you'll understand.
Contract Trading:
A fee of 0.05% (0.0005) per transaction.
One buy and one sell is 0.1% (0.001).
With 100x leverage, the contract fee is 100 × 0.001 = 0.1 (10%).
If you trade three times a day, the fee is 0.1 × 3 = 0.3 (30%).
The accumulated trading fees for one month are 30 × 0.3 = 9 (900%).
The accumulated trading fees for one year are 12 × 9 = 108 (10800%).
With a $1000 margin at 100x leverage,
The accumulated trading fees for one year would be $108000.
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