To reduce financing fees in Binance futures trading, you can follow these tips:
1. Use Limit Orders: Instead of using Market Orders, use Limit Orders to set your buying or selling price. This can help reduce fees.
2. Avoid holding positions for long periods: Financing fees are calculated every 8 hours, so try to close positions before the financing period ends to avoid paying fees.
3. Use leverage wisely: Leverage can increase your profits, but it also increases financing fees. Use it wisely and avoid using high leverage.
4. Monitor the currency market: Stay informed about market news and price movements to avoid holding positions during times of high volatility.
5. Use smart trading bots: Some trading bots provide features to reduce financing fees, such as automatically closing positions before the financing period ends.
From personal experience, as you can see in the attached image of my experience with bots, space out the network distances or reduce their number, and thus trading fees will decrease.
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