Digging into why the transaction fee of contract is so high
Many fans who play contract trading complained to me that the transaction fee is ridiculously expensive. In fact, if you think about it carefully, there are really several reasons.
First of all, the size of the position has a significant impact on the transaction fee. The transaction fee does not depend on how much capital you invest, but on how much goods you hold. Simply put, the more positions you hold, the higher the transaction fee.
The difference between taking orders and placing orders. Taking orders means that you take the initiative to find orders that others have already placed there to trade. In this way, the liquidity of the market is consumed by you, and the transaction becomes less active, so the fee is high. For ordinary people, the fee rate for taking orders can reach 0.05%. For placing orders, you put your own orders out and wait for others to buy or sell. This can add some vitality to the market, and the exchange will of course like it, so the fee rate is low, only 0.02%. In this comparison, the cost of taking orders is much higher, so we have to be careful when trading.
Don't forget the exchange's rebate policy. Why do some people have such low transaction fees? One is because they like to use pending orders, and the other is because they can get a refund on transaction fees. Every time you open a position, you can get a lot of money back in your pocket. Over time, the savings are not a little bit.
In the future, when we do contract trading, we must learn to control positions, choose the right order method, and pay more attention to the exchange's rebate activities.
Click on the avatar to see the homepage and follow me. The free exchange community shares various potential currencies every day, takes you to ambush various hundred-fold coins, and allows you to make a lot of money in this bull market.