Quote from: jamesndungu1 on October 17, 2019, 11:34:02 PM

Quote from: pawanjain on October 10, 2019, 05:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

It is very important to understand that the goal while trading is to reduce extra expenses such as extremely high trading fees. Therefore, the strategy that I apply while trading is choosing an exchange that has moderate trading fees. With this, I ensure that I do not end up using more money than the required for mere trading fees. The ultimate goal is to make profits, not spend. Thanks to cryptocurrency, crypto exchanges usually have greatly reduced trading fees, which is one of the benefits of the the cryptoworld.

Correct, very often I see people that seem to care only about the process of trading and not the end result, traders should never forget the main reason for doing what they do and that is to make money, which means that if you can reduce your fees significantly without affecting any other aspect of your system then you must do it, while the profits may not seem to be worth the effort now they will be worth the effort in the future when the price of bitcoin becomes higher than what we see now.