Do you know how high your trading fees are?
You only need to trade for a month, and your fees will be higher than your principal. As a big trader, I need to transfer 9000 USD in fees every week, which is outrageously scary. So how are the fees calculated? Let me do a calculation for you, and you'll understand.
Contract trading:
A fee of 0.05% (0.0005)
One buy and one sell equals 0.1% (0.001)
For 100x leverage, the contract fee is 100×0.001=0.1
(10%)
If you trade three times a day, the fee is 0.1×3=0.3 (30%)
The accumulated trading fee for a month is 30×0.3=9 (900%)
The accumulated trading fee for a year is 12x9=108 (10800%)
With a 1000 USD margin at 100x leverage,
the accumulated trading fee for a year is 108000 USD.
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