The handling fee is the most direct way to save money in hand. Talking about it doesn’t give a sense of it, but calculating it makes it clear:

Let me take 1000U as an example: The trading fee rate for Binance's contract market maker is 0.05%. If we say that with 1000U principal, leveraging 100 times, the fee for one transaction would be 1000 * 100 * 0.05% = 50U, which means that for opening and closing a position once, 100U is gone.

Those who have traded contracts know that opening positions several times a day is very normal. Let's calculate it with 3 openings and closings a day; at the end of the month, the handling fees alone would be nearly 10,000U.

If you trade contracts long-term, with each opening being 1000U, after one year, the handling fees would amount to 108,000U, equivalent to about 800,000 RMB.

You are also welcome to recommend this to your friends, especially those who frequently trade contracts. It is very necessary; for those with high-frequency and large positions, you could save enough for a luxury car in a year.

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