Today I want you to think about what your biggest trading costs are.
I see so many traders focus too much on fees instead of focusing on what it takes to complete profitable trades.
Trying to save on fees by moving to obscure Exchanges or ones that simply aren’t suitable for you personally. The pursuit or focus on trying to save on fees can have a negative impact on your trading.
Here are only some of the real costs of trading:
- A lack of trade planning and record keeping.
- Little to no Technical analysis.
- No awareness of market and price cycles.
- Mistakes through miscalculations or trading on emotion.
- Lack of patience.
Understand your trading costs.
What would it take to properly plan and record your trades?
How much time would it take to both learn and conduct proper technical analysis?
How would you begin to understand market and price cycles?
How can you avoid mistakes through miscalculations and trading with emotions?
How could you work on greater patience?
No matter what your trading experience may be, investing in yourself, knowledge and skills will make you more money than focusing on saving fees.
Thank you for reading this post because I hope it is helpful for you should you wish to learn the truth about trading costs.
If you think this is a helpful post for beginners to the crypto currency space, would you please upvote this because it will help me share more insights to success and profit with Bitcoin trading.😋
All my hopes and dreams.
