Have you ever really considered the issue of transaction fees? Fees can be described as the 'silent killer' in trading; they may seem insignificant, but as the number of transactions increases, their erosion of your account funds may far exceed your imagination.
Let’s take a simple example: if your principal is 1000u and you use 10x leverage, then your position will be magnified to 10000u. Assuming the transaction fee is 0.05%, then the cost for opening or closing a position is 5u, totaling 10u. If you execute 5 trades a day, that day's transaction fees would be 50u, which amounts to 1500u over a month, and 18000u over a year. This is just in the case of using 10x leverage.
If you attempt 20x leverage, things become even more exaggerated: the position size expands to 20000u, and the transaction fee for each opening or closing doubles to 10u, making a complete trade require 20u. With 5 trades a day, the fee reaches 100u, which totals 3000u over a month and 36000u over a year! Not to mention those using 100x leverage; the fee consumption is simply chilling.
Many beginners are still unaware that fees are your real 'invisible opponent.' Many people fail to make money, not because the market is bad, but because they overlook the existence of fees. If you can obtain better fee discounts through certain channels, such as rebate programs, the savings could be your account's 'lifesaver.'
Therefore, to survive in the cryptocurrency world, saving on fees is definitely a compulsory course! If you don’t know where to start or want to understand the specific methods for fee rebates, feel free to reach out to me, and I will teach you how to minimize unnecessary expenses in trading, making every transaction more efficient. #加密市场反弹
Rebate link: https://www.marketwebb.me/join?ref=B6L4W57P&utm_medium=web_share_copy