Bitcoin Forum

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

I would recommend that you first read the literature on trade. Prepare well for trading, otherwise you can just lose money.

Best  way is to learn by doing honestly. Just go to binance and do it.
I would however highly recommend against trading with a lot of money.  Start off with 20 dollars or something. If you can consistently grow that then start trading for real after a few months.
 

You can start with any amount because as far as I know there are no minimum deposits in Crypto Exchanges. The only thing you can do is to know how much money are you willing to risk in order to enter trading, and judging on how the way you ask you are not even prepared to lose/risk money as joining right now without knowledge of what you are doing is like kissing your money good bye. What I will suggest is like what they have said learn first how to trade but also identify what your risk tolerance is as well as how you will manage your capital now that you are trading.

Trading can give huge profits but also huge losses, everything is possible. I would also recommend to start with only a few amount after reading a lot and if you are succesful you can increase your amount. I prefer to avoid trading, it's too risky for me.
But good luck!

You can start with pretty much any amount. The question is, are you actually going to make profit? If you're going to constantly make profit then you could even start with as low as $10 and end up with hundreds and thousands in no time. The only question is, can you?

tips for you before starting as a trader
1. Prepare the budget. If your budget is less, rather difficult to rely on trading
as a source of daily income.

2. Know the ins and outs of trading first. Do not learn when deciding on trading for living. Instead learn trading long before. Not just about technical trading, you should already know how to manage money and manage risk.

little experience I first start a trade  ;D

I'd start with $1000. You don't want to have to go all in with each trade. Starting with a $1000 purse allows you to make $250 or $500 trades and keep the remainder on the side lines to double down if the market starts to get away from you OR to serve as a reserve in case your initial trade gets blown up.


This is totally false. You'll spend more in transaction fees than the $10 you're trying to trade.

The most important rules in investing: Do not invest in what you do not know, Do not spend more than you can’t lose & Do not invest recklessly.
If you have a good idea about wallets, trading platforms, price volatility, how to deal with losses, as well as a clear plan for your investment, start now, otherwise, you will lose your money.
It does not depend on the amount, but how you can make profits from your investment, the market is open you can start with $ 1

if u have money to start, u should invest firt in you, u shoud first lern to trade. i would say, u should first invest time to read a couple books, and to see videos tutorials about the trading in general. You can do it for free, there is enought information onlne. but if you have money, and you wanna invest to start, you can buy a trading book or a trading curs. 

Well, it completely depends. Is it likely? No. But is it possible? Definitely. If OP constantly and accurately bought the correct pumping coins then it's definitely very possible. OP didn't specify if he was planning on doing day trading or somewhat longer-term trading to start with.

It depends on what amount do you have and the minimum amount that exchanges accepted. Trading the one the best ways to develop your portfolio as well as lose your money. Before entering the trading you need better knowledge how the market is going on. otherwise, you will go to lose your money. I started to do trading buying 200$ ETH. (I buy ETH because it transaction fee is lower than bitcoin. After convert them ETH to BTC by the exchange that I going trade)

traders invest and withdraw the currency on short intervals. if theoretically shoddy and have a lot of free time, you can earn

If you want to start trading cryptocurrencies, I advice you to start with a budget of about $100 - $200 and try to daily trade the common ones like bitcoin, ripple, bitcoin cash etc.

Investing a small amount is enough to start to learn how to trade until you master how to trade before you invest a large amount of money.
Try to invest in some altcoin when the price drops and sell them if the price increase 10% to 25% and spend time monitoring the price of altcoin you are holding.
Just keep practicing until your small investment growing and keep your feelings calm and you can be learned from every mistake you made so its normal to lose in trading.

The isn't really a minimum you need to trade, but it's advisable to do your research before putting your money into anything.

have you tried simulation trading it's like your not using money but the trades result depends on the real values of the coins? you can try https://coinmarketgame.com/app and use tradingview for charting.
this will help you to practice trading strategy

I can recommended you by doing like this
1. Have the right knowledge before trading
2. Be realistic
3. Start with small amount of funds and use free money not money for daily needs
4. Consider Trading Psychology, dont use your emotional if you be atrader
5. You must implement money management.
6. Make a trading plan clearly.
.But  all of that must be trained continuously in order to become a good trader.

It's depend on exchange if how much thier minimum deposit to start to buy and sell or trade,what exchange do you want to try?poloniex,Cryptopia,binance,hitsbtc,btc-alpha,mercatox,yobit etc.:)make it habit to read always the rules and policy:)

You can trade with as little as 100 doge coin in exchange like Cryptopia. Tody price of Doge coin is 47 satoshi and BTC price is $7324.
So it means you can start your trading career with as little as 35 cents.

But if you want to get into trading thinking that you can make easy quick bucks , then I will say reconsider your decision.

Any way , I will suggest you too just put 1/2  of amount in trade that you can comfortably lose. The other 1/2 amount is to buy in dip , if your  first 1/2 got diminished due to unforeseen market circumstances.

Actually this happened with me, I purchased Doge coin @75 satoshi with bitcoin price around $17K. Fast forward , Bitcoin price dropped to 8.5 K and doge price to 38 satoshis. You can see how easily the original investment become 1/4 of its original value. That's why I suggest to keep other half in reserve so that you are able to purchase in this bearish market to minimize the loss.

Trading is so hard to me because i don’t any helper and guides :( i lost over $2000 for them and i realized that maybe it’s not suit for me

Do what is called paper trading for some months and see how you will fair before you go on to invest real money , and even that should be a little amount you might be comfortable with it if loses. Do paper trade, and record whatever you will do in various situation and apply the same to your trading.

Nobody can tell you about this, because it depends on your financial condition. I have started my investment with 10% of my saving. Before investing, you should open an account in any exchange, I use BINANCE AND BITFINEX.

 it is almost impossible to forecast cryptocurrency price movements, but if you able to read the graph.Then you can forecast.

First step to learn how to trade:

Go to the bank and withdraw $1000 in ten $100 bills, then go to the bathroom and flush one by one down the toilet. Try not to feel any emotions. If you can do that then you're ready for trading. If not then repeat the process or quit.

The truth is that real trading is one of the most difficult ways to make money. But it's possible to be profitable if you dedicate the time and effort. Money management is the key. Get some books on position sizes and money management. Discipline and money management are the key to successful trading.

Well, I have observed that there is no minimum limit of the amount when it comes to trading, you can start trading with as low as $1 but when it comes to the knowledge, skills and experience there is no maximum limit for it and you keep learning in every trade. I believe that practical trading is the best way to acquire knowledge and skills required in trading. Do your own research and build own strategies instead of relying on other's opinion.

So being a trader is one of the hardest job to do on crypto market to earn something, you need to have a lot of knowledge and you need to have some practice in trading so first loses can't make you go back.

Actually you can do trading even your capital is small. Capital is not a big deal specially when you are beginner in trading what important is your knowledge on how it works. So better to gain more information and practice it in actual.

I haven’t tried trading yet since I’m still preparing myself to that new “game”. However my friend did invest a lot. When I mean a lot, i mean a lot lot. But a lot of risks were taken. Cause you won’t able to move those investments for a very long time. But he managed to be successful. So props to him. And good luck to you good sir.

It is better to start with a demo account or with a small amount. After it will be a profit. To try with real amounts.

You can start with as much as you want but to make it sure, invest only with an amount you're okay with.

$100 isn't so painful if you ever going to take the risk of trading so that's an acceptable start for beginners.

Yeah right, try not too big yet, we start from the bottom and get the first pleasure in trade so that kedepanya be a regular, successful gan.!

Before investing your money I would recommend you to study technical and fundamental analysis and their basics. if you play the trade by the rules you reduce the chances of being failure. 

Hello
Does binance ask kyc before you can create an account?

I trade before in stock market and now I will try my luck here in cryptomarket, I will probably save my money to start trading with cryptocurrency. For now, I will try to understand the market first before I make move so my money will be safe, I know this market is risky so I have to prepare for it.

I think that at least 50$ is needed because the markets are all percentages. If you invest too little, you can't even see the profit point. If you lose it, you won't learn too much (because you don't care)!

Suppose you write an exam. You would prepare for particular subject by studying your notes, articles, lectures etc. Apply the same here as well. A good trader never   made in one day week or month. When i'm personally having this problem suffered a lot. Started studying things using internet. it took some time for me to understand some terms of a good trader & importance of sticking to a particular method of trading. I can provide you some hints here which you find everywhere but keep the "PATIENTS" at the top of the list which most of them forget in the starting stage of trading.

The amount investing should be an amount which you can afford to loose. You will realize why it is. Do your own research more. Definitely you will ended up being a good trader.

Check out the Trade Discussion forum.
Theres a lot of useful information there, you will definitely find knowledge there

I wanna say just one thing, if you once decide to trade remember *The discipline is very very important for any trader* Follow your rules, dont let emotions manage your decisions.

You can start with any amount. It is better to start with a small because you are a beginner losses are inevitable. Once you learn how to trade, you can increase the investment.