Here are Some Risk Management Tips For You👇
1. Be aware of transaction fees on different exchanges, as they can impact your profitability.
2. Choose exchanges with competitive fee structures for your trading volume and frequency.
3. Factor in withdrawal fees when calculating your potential returns.
4. Use limit orders instead of market orders to avoid higher fees.
5. Consider the impact of network congestion on transaction fees, especially for cryptocurrencies with high transaction costs.
6. Plan your trades to minimize the frequency of transactions, thereby reducing cumulative fees.
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