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How do you calculate your exit point from a trade without losing a single cent? Here’s how!
The answer lies in the hero of our unknown story: trading fees. In the trading world, every move has a cost, and these small fees, which may be 0.1% or less, accumulate and affect your profits.
The secret of fees: Why can’t you ignore them?
When you buy any currency on the Binance platform, you pay fees, and when you sell it, you pay additional fees. These small fees may not be immediately noticeable, but they can be the difference between profit and loss, especially in short-term speculative trades.