Is Trading Costing Us More Than We Think?

[Webetcoins]

We haven't seen an exact number or figure from OP so we do not know what they think is a lot.

Maybe we can just assume that he is among those budget traders? Because if not, then a fee will only be nothing for him no matter how much is it. I mean it is also impossible for us to have a hundred dollar or a thousand dollar of fees right? And we are talking about trading here where a lot of coins can also get involved and some cryptos has a cheaper fee than in Bitcoin. Even BTC fees can also subside as long as we will only wait for the storm or the demand/traffic to calm down.

and if you end up using BNB to pay, that means you are going to end up with even less,.

Yeah, it's one of those cheap coins that I'm talking about earlier and we can even save more fees if we are using it inside its own team's exchange which was Binance. For other exchanges, they also have their own tokens and we might also get the same deal if we use them there.

[Wakate]

The exchanges we use for trading do use those fees in running their day to day services of the platform and also to the welfare of their employees and paying of taxes to the authority. With all of these considered I don't find it as anything to worry about. What should be of immense concern to a trader is how he can maximise his trading skills and strategies to making huge profits than losses because what those trading platforms take as fees is nothing compared to what most of us loss on a bad trade.

You may be right - it's only a concern if the depo is such a big pile of funds or a trader does trades very, veryyyy often.
Otherwise - it may not be such a big problem.

But even if as a trader I had to trade very veryyy often, and it happens that am winning more trades 3x more than an making losses in my total number of trading times it still won't be anything to go by in crossing my mind about the fees that goes with each trade. I can only make a big deal about that when the losses becomes to numerous to bear.

One thing about trading is the ability for us to leverage trades so that when we are making loses, it will be less compared to the winnings we are getting. You can have 5 times loses and 2 wins and the winnings are 10X bigger than all the losses. This is how trading supposed to reflex so that we don't get too exhausted about trading.  There are still traders that do think how often you do get winning trades is what determines your success as traders. Things do not work in this proportion. It is better we have much loses and few winnings but the amounts involved is bigger than our entire loses. Many traders are very wise and go trades that have high winning ratio compared to the loses.

[tygeade]

One thing about trading is the ability for us to leverage trades so that when we are making loses, it will be less compared to the winnings we are getting. You can have 5 times loses and 2 wins and the winnings are 10X bigger than all the losses. This is how trading supposed to reflex so that we don't get too exhausted about trading.  There are still traders that do think how often you do get winning trades is what determines your success as traders. Things do not work in this proportion. It is better we have much loses and few winnings but the amounts involved is bigger than our entire loses. Many traders are very wise and go trades that have high winning ratio compared to the loses.

Yeah, if you make 10 trades, lose 8 of them and win 2 of them, the 8 losses could be 800 dollars, whereas 2 wins could be 1500 dollars, suddenly you are in a profit. That's the most important part and we could consider that winning big when you win, or overall making a profit is more important than having just how many wins you have.

As long as we have something like this, then we could consider this to be the most important part and if we do that then we are going to end up with a much better approach to this, don't really consider this to be that much of a big deal, how many we win is not the issue and that's the deal, we need to just check how to make money from amount of profit and not amount of trades that are in profit at all.

[Strongkored]

Not really paying attention to trading fees because in my opinion if it's already profitable it means profit, so I don't want to be bothered with things like that, what's actually annoying is when I see high withdrawal fees because it's clear that this reduces the profit obtained, sometimes exchanges set unreasonable withdrawal fees, like the local exchange that I usually use applies 20k satoshi for BTC withdrawal fees, they should start adjusting with the current BTC price because only whales can accept withdrawal fees that big.

[knowngunman]

I don't use a lot of sites when it comes to trading, I use Binance,.. one thing I could recommend is this.

https://www.bitdegree.org/crypto/tutorials/binance-fees

For example, by holding a specific amount of BNB, you can unlock up to a 25% discount on Binance maker-taker fees—a handy perk for frequent traders.

You'll get discount when using BNB for your trading pairs, that's already big. However, if you really want to enjoy no trading fees, you'll need to find the right timing and wait for promos like zero trading fees although very rate... I think this is also available on other exchanges, just try to explore.

If you pay attention to your quote you will see "by holding a specific amount of BNB" that specific amount might not be amount that upcoming traders can easily hold because it'll probably worth a reasonable amount.

The reality is that most promos offer by this exchanges are meant to favour bigger traders who trade with larger amounts. The criteria attached to unlock some of the promo benefits are way too much to meet by people like Op that complain about the cent trading fees. Unless one is advocating for free trading which is not possible, the trading fee is too meager to be noticed unless you are using a very smaller amount to trade. We have to understand that exchanges are business organisations and they are after profits.

[EarnOnVictor]

A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.

Don’t get me wrong, I’ve had my wins. There’s nothing like the thrill of catching a perfect market move. But when I looked closer, I realized the fees were taking a bigger piece of the pie than I’d like to admit. It got me wondering, why don’t more platforms offer something meaningful to offset these costs?

An insightful reader can't get you wrong, you've already stated the view of winning and losing in the first paragraph and I am happy to tell you that you are getting closer to success if you can rather be patient and work more on your discipline and money/risk management. However, the excuse for the fees is baseless, I trade daily, even with traditional brokers despite their insane spreads, trading commissions and swaps that look like extortion. But exchanges are contrarily offering ridiculously low fees, except you use a high leverage.

[Lida93]

But even if as a trader I had to trade very veryyy often, and it happens that am winning more trades 3x more than an making losses in my total number of trading times it still won't be anything to go by in crossing my mind about the fees that goes with each trade. I can only make a big deal about that when the losses becomes to numerous to bear.

One thing about trading is the ability for us to leverage trades so that when we are making loses, it will be less compared to the winnings we are getting. You can have 5 times loses and 2 wins and the winnings are 10X bigger than all the losses. This is how trading supposed to reflex so that we don't get too exhausted about trading.  There are still traders that do think how often you do get winning trades is what determines your success as traders. Things do not work in this proportion. It is better we have much loses and few winnings but the amounts involved is bigger than our entire loses. Many traders are very wise and go trades that have high winning ratio compared to the loses.

I agree with you on this 100% because it's an experience I have had as a trader, there were weeks I made losses after a quite number of trades and then just one won trade on the next day get to cover all the number of lost trades made. Making profits from trading is in different dimensions but many traders thinks that it's when your number of won trade exceeds your number of loss trades that's when you're making progress but it ain't so.  Been able to take advantage of one single trade by making huge profits from it is what makes the difference.

[Sebas.tian]

There are lot of things you will experience from trading as a new trader, it will look as if you are not going to make it from decentralized trading, because it's very difficult for you to know the amount of income you are going to receive when you begin trading your coins in the market. Despite trading is not easy to make a huge amount of income as a new trader but don't give up, because the more you have the experience of trading the more you begin to see some challenges that is causing you not to make progress.  Every traders wish to be making income whenever they are trading in the general market but there is no how some traders will not experience losses, because the traders are not trading the same coins in the market.

[Cookdata]

Not really paying attention to trading fees because in my opinion if it's already profitable it means profit, so I don't want to be bothered with things like that, what's actually annoying is when I see high withdrawal fees because it's clear that this reduces the profit obtained, sometimes exchanges set unreasonable withdrawal fees, like the local exchange that I usually use applies 20k satoshi for BTC withdrawal fees, they should start adjusting with the current BTC price because only whales can accept withdrawal fees that big.

You should know better that centralized exchanges are business center, their motive is to make money, so when you see situations like that, you should know why you sign up and accepted their terms and conditions in the first place. Binance exchange for example charge more transactions fees when the  blockchain is busy and they quickly reduce the fee once the network is having low transactions, I haven't see other exchanges practices, they just extort there customers the way they like.

You're even lucky, I remember in 2019 I didn't verify my account on Binance since it was the best exchange back then for my local deposit. I had to settle for Luno where you can do your but and sell directly to your local bank before they later implement their kyc. That exchange was extorting me even when I make deposits, like the exchanges takes a % from you anytime you deposited Bitcoin, I was using them for a while before I finally left them for goo, now they don't even have customers again.

[alastantiger]

There are lot of things you will experience from trading as a new trader, it will look as if you are not going to make it from decentralized trading, because it's very difficult for you to know the amount of income you are going to receive when you begin trading your coins in the market. Despite trading is not easy to make a huge amount of income as a new trader but don't give up, because the more you have the experience of trading the more you begin to see some challenges that is causing you not to make progress. 

Decentralized trading and that of centralized aren't different but you'll be using two different types of trading platforms and that's the major difference. I don't want people to do what isn't giving them profits hence if trading is because hard for you, it means you don't know what you're doing and you have to quit for sometime. Use that time that you stopped trading to be learning again because trading without being well taught isn't going to favour you. Your victories will only be temporary and it depends on luck for you to win. Here's what can happen in this situation, you can decide to keep trying and finally you can get lucky but you would have lost some money during this period that you aren't making good trades hence just pausing for a while is best.

[lixer]

One thing about trading is the ability for us to leverage trades so that when we are making loses, it will be less compared to the winnings we are getting. You can have 5 times loses and 2 wins and the winnings are 10X bigger than all the losses. This is how trading supposed to reflex so that we don't get too exhausted about trading.  There are still traders that do think how often you do get winning trades is what determines your success as traders. Things do not work in this proportion. It is better we have much loses and few winnings but the amounts involved is bigger than our entire loses. Many traders are very wise and go trades that have high winning ratio compared to the loses.

I agree with you on this 100% because it's an experience I have had as a trader, there were weeks I made losses after a quite number of trades and then just one won trade on the next day get to cover all the number of lost trades made. Making profits from trading is in different dimensions but many traders thinks that it's when your number of won trade exceeds your number of loss trades that's when you're making progress but it ain't so.  Been able to take advantage of one single trade by making huge profits from it is what makes the difference.

Usually when we are on board for the trading we have things which can happen suddenly, so mostly peoples never check fees or costs about trades but while they have profit things turn automatically because usually if we have early loses we are learning and things are going favourable for us to have more maturity and understanding of things and success give us pleasure and also all recovery I personally never check cost or fees I try to manage things.

In early days of trading, I was having frustration but as I have experience and I learn from my mistakes now I go through without checking things like these which give me better results and good results usually we have all recoveries while we are in plus and if we are ending in loses then many things calculated.