$SQD - Is this trade on #BinanceAlpha high or low fees?
As the $Taiko trading competition is coming to an end, many are gradually shifting to $QD. Some players who participated earlier believe that this one incurs fees like OBT, so should they join?
In reality, I have swapped this one at many times when the fees were very low, even breaking even on fees. Yesterday, $SQD and $Taiko listed Futures, hoping to have volume for everyone to trade easily. Everyone should avoid farming during high-risk times, for example, when it's swapping and getting spiky (as shown in the picture), it will inevitably lead to losses on both ends, or if it has been swapping for too long, the risk of a price drop is very high; only enter a trade when there are clear reversal signals (yesterday saw a severe drop).
My personal opinion is that exchanges hold trading competitions mainly to collect trading fees, so no asset will have low fees. If you decide to participate, you need to choose the timing to minimize trading fees for a better chance of winning; otherwise, trading randomly or with a reckless mentality will only enrich the exchange as you will still incur trading fees for performance. Earning money from the exchange is not easy; it requires investing time and effort; otherwise, you will have to pay with your own money.
Wishing everyone a safe alpha trading!
