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.
If done excessively and not supported by good skills, I can say that the trades made will never be successful and instead we will see continuous losses. This is why most beginners come into trading just because they are motivated to make money but they don’t understand how to do it properly so as not to lose money.
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?
If you enter into spot trading then any reward will be much more balanced, except when trading in futures because it will be very detrimental when you experience a loss based on one trade. In conclusion you understand better how to trade where forcing yourself to trade with poor skills will actually harm you. If you do not have the knowledge and experience then you should learn spot trading because there it will be much easier by taking a trading approach to more fundamental coins.