Why are the fees different for a limit order and a market order on the same trade?
One thing to remember: market orders are always charged taker fees; a limit order is also charged taker fees if it matches an existing order as soon as it is placed.
Fees are calculated based on notional value. The higher your leverage, the larger the fees for opening and closing a position are as a percentage of your margin: at 0.05% for each, the total is about 1% of your margin at 10x leverage.
Remember this, and you won't need to memorize a bunch of jargon. Leverage amplifies the outcome, not your win rate—the higher the multiplier, the less room there is for mistakes.
The coin mentioned above: $BTC . Current price: 80444, 24h +4.66%.
One thing to remember: market orders are always charged taker fees; a limit order is also charged taker fees if it matches an existing order as soon as it is placed.
Fees are calculated based on notional value. The higher your leverage, the larger the fees for opening and closing a position are as a percentage of your margin: at 0.05% for each, the total is about 1% of your margin at 10x leverage.
Remember this, and you won't need to memorize a bunch of jargon. Leverage amplifies the outcome, not your win rate—the higher the multiplier, the less room there is for mistakes.
The coin mentioned above: $BTC . Current price: 80444, 24h +4.66%.