#TradingMistakes101 1.Ignoring Fees While Binance offers low fees (e.g., 0.1% spot, 0.01% for some promotional pairs []), not accounting for them can erode profits, especially for frequent traders. Using BNB for fee discounts (25% off spot, 10% off futures) is a smart move

2.Misusing Leverage Binance Futures allows up to 125x leverage, but high leverage is risky for beginners, as losses are amplified []. A post on X warned about potential 1-2% losses per trade due to fees and poor leverage management.

3.Copying Trades Blindly An X post described a trader losing 76.6% by blindly following a “top trader” on Binance’s app []. Always verify strategies independently, as Binance’s copy-trading feature can be misleading if not paired with personal research.