'More terrifying than high interest loans': Do you think a 0.05% handling fee is very low Imagine a scenario ： You deposit 10000 U and trade an average of 3 times a week, Every time, use 2000 U to open 10x leverage to operate the contract. One year later: You didn't earn or lose, but your account balance is less than 7000 U Don't doubt it, the initiator is the 0.05% transaction fee that you think is very low .. // Yes, trading is not easy at all. A trader's strategy, Almost without exception, they have to go through the following four milestones: one ️⃣ Survive two ️⃣ Not losing money (in a zero sum game, it has already surpassed more than 80% of the players) three ️⃣ Make money (win transaction costs) four ️⃣ Defeat Beta (https://((x.com))/market_gegar/status/1911966289549304269) Friends who have been in the market for a long time know the above milestones: It's easy to say, but really difficult to do! '' Let's not talk about defeating Beta for now. For most people, fighting in the contract market, Actually, it's not a zero sum game, but a negative sum game, Because the transaction itself incurs costs (such as transaction fees, slippage, etc.); In other words, even if you haven't made any money or lost any money, you will still deplete your capital. I previously introduced this concept in the first article of the "Trading Concept Supplement" series, Interested friends can refer to the following link ： https://(((x.com)))/market_beggar/status/1898925455300083909 As mentioned in the first paragraph of this article (also refer to the attached figure), Because the contract market can use leverage, the trading volume of most individual investors, In fact, it will be much larger than the principal in one's wallet, This also leads to the fact that the transaction costs generated by long-term operations are actually very terrifying ⚠️ As an example in the attached diagram: ➡️ 10000 U principal ➡️ 0.05% handling fee, 3 transactions per week, with a transaction volume of 20000 U per transaction ➡️ After one year, regardless of profit or loss, you will lose 3120 U in handling fees first ➡️ Converted into profit and loss ratio, the total funds are directly -31.2% first At this point, I believe everyone can feel the power of transaction fees, In a game of negative sum, your enemies not only come from the opponent's plate, In fact, the transaction costs that always exist are also a crucial factor that cannot be ignored. // If you can feel the pressure of transaction fees from the above text, Or perhaps you are already an old fried dough stick that has been ravaged by transaction costs, Perhaps you can refer to the heavyweight event launched by the Bitfinex exchange at the end of last year At present, operating on the Bitfinex exchange is basically "completely free of trading costs", This is a long-term activity of @ bitfinex_asia, covering spot, contract, and other derivative products .. Wait For detailed event information, please refer to the following citation or link: https://(((x.com)))/market_beggar/status/2004160697760948454 The above is for reference by friends who are interested and in need; If you want to register for the Bitfinex exchange, you can join the discussion group through the link on my homepage, You can find Mr. Berg's exclusive invitation link in my group There is no threshold for joining the group, and some benefits are occasionally scattered within the group, Welcome friends from all walks of life to join the group and join me in pushing forward