#MyCOSTTrade

When engaging in trading, it's essential to understand the various costs involved. Here's a breakdown of the key expenses to consider:

- *Trading fees*: These are the fees charged by the exchange or broker for executing trades.

- *Slippage*: This refers to the difference between the expected price of a trade and the actual price at which it's executed.

- *Spread*: This is the difference between the bid and ask prices of a security.

*Tips for minimizing trading costs:*

1. *Choose a low-fee exchange*: Select an exchange or broker that offers competitive fees.

2. *Use limit orders*: Limit orders can help reduce slippage and ensure that trades are executed at a specific price.

3. *Monitor market conditions*: Keep an eye on market conditions to minimize the impact of spread on your trades.