"I laughed! The novice withdrew 1000U, and the handling fee was 999U! It was only 1U. Taking advantage of the JPEX incident, Lao K talked about the things between novices and the exchange, and a guide to avoid pitfalls (2)!" Let me talk about the conclusion first: "In addition to the super high Except for frequent quantitative traders, ordinary traders give priority to currency an for spot trading, and secondly consider 👌 exchanges. For contracts, only currency an is considered." ———— Old K

When you choose to enter the market, you must be wary of exchanges and be careful when choosing an exchange. Whether you consider these has nothing to do with how much capital you have. Small funds also need to consider guarding against exchanges? The final outcome of choosing an exchange at will will not make you feel too good! Except for ultra-high-frequency quantitative traders, what ordinary traders should care about most should not be the exchange’s single transaction fee, but the exchange’s token price volatility, token hourly trading volume, and withdrawal rates. Security and stability.

Continued:

[Some time ago, 👌 was exposed that the price of the mark was fluctuating. Wasn’t it said that compensation would be provided for short positions? There is no question whether the money will be enough or not, and there is also the question of how much compensation to pay. You must be fighting against old K. Didn't you say you should stay away from the contract? It is true that a contract is a Pandora's box, an amplifier of human nature's greed, anger and ignorance. But the essence of a contract is still a tool, and as long as it is a tool, it has its place. If you use contracts to open up and down with high leverage, you might as well go to Las Vegas and make big and small bets. The latter requires no brain work, is fast, and you can win or lose with free room and board, as well as having fun. For example, use contracts to expand your funds, to hedge market risks, etc. Just make good use of the tools! If you use the contract to do technical K-line analysis, it will open up or down. According to old K’s advice, it’s better to go to Las Vegas. If you don't listen, please close my article and do what you want to do immediately. 】

(The article is a bit long, so I have no choice but to split it into two paragraphs. The previous paragraph is on the homepage.)

Follow Lao K, a Bingtang Orange player who has been in the industry for 17 years and has the same name on Weibo. Continuously update valuable experience, lead novices through bulls and bears, and realize asset transitions.

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