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 depends on how tight the profits are on the trade. At 2%, 0.25% is actually quite a lot. Anything you can do to save money on trades will increase your profits over the long run. Thing of it as buying something from the store. Let's say Kroger has a gallon of milk for $4.50 and Wal-Mart has it for $4.25. Would you not prefer to buy the milk from Wal-Mart and save the extra $.25? It's the same concept. Doesn't really matter how much profit you're making on the trade, you could be making more if you didn't pay as much in fees.
Exactly , We are trading to earn profit even if it is just a small amount so even a small difference between fee would also affect our income.
In every trade that we would make it would take up a fee so no matter how big or small it would always affect the outcome of our trades.