Minimum to start on trading

[TReano]

it depends what you are planing to trade... if it's Bitcoin future with 10-20x leverage you will only need like 0.05-0.1 get some experience.

If you want to trade something like the traditional Forex market 0.02-0.05 btc would be enough to start getting experience over time.

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[Miracal]

your denominated in units turned out to be satoshis... 

I think if you make profits from trading, at lease 0.1 btc to start.

True. It is pointless in trading in satoshis. why invest so much time and resources. Start with a lower Bitcoin value and buy only as much as you can afford to lose. Do not be over-cautious but never be too greedy. Put in a reasonable cap on your expected profit and start the buying-selling process then.

[newbitcoins]

If you want to test your trading strategy, you can use small amount of money. If you want to make profit, you have to invest meaningful amount of money justify your time.

[disamsal]

first find 5-10 faucets and click to 50k sat ...you will need a day or two. Then start trading. You will see if it is for you.

[Miracal]

For more experienced traders (or at least some experience) there. Which would be the minimum to invest in order to have a chance to profit from trading? I would like to start as low has 10k satoshis, but as I have seen, many exchanges have minimums and minimums fees and that does not feel reasonable.

Let's say that we put a goal to earn 20k satoshis a day (on average) from trading... How much would you see you have to employ to achieve that?

You like trading with alt-coin ? 
My advice you can start with higher amount like 0.01BTC or higher and your goal 0.02BTC a day.
Because 10k satoshis is to low to start trading and it is easier to lose.

Forget satoshis, start with at least 0.01 Bitcoins. that will at least be substantial to invest and incur significant returns. Also, important thing, DO NOT invest more than you can afford to lose. Always invest as much that will not affect you when you lose it as then when you do earn it the profit limit is the sky in that case.

[SimpleIn]

For more experienced traders (or at least some experience) there. Which would be the minimum to invest in order to have a chance to profit from trading? I would like to start as low has 10k satoshis, but as I have seen, many exchanges have minimums and minimums fees and that does not feel reasonable.

Let's say that we put a goal to earn 20k satoshis a day (on average) from trading... How much would you see you have to employ to achieve that?

To learn how to trade fairly 1 Bitcoin

[harizen]

To start on trading and really feels the profit somehow, I suggested to start at least BTC.5 or much better BTC1. You can start even 50k satoshis but it might take longer to feel and monitor your improvement.

-Read some speculations
-Read some latest BTC news
-Always monitor the price chart

This thread might help you to observe BTC prices.

https://bitcointalk.org/index.php?topic=178336.0

[HarryKPeters]

To start on trading and really feels the profit somehow, I suggested to start at least BTC.5 or much better BTC1. You can start even 50k satoshis but it might take longer to feel and monitor your improvement.

-Read some speculations
-Read some latest BTC news
-Always monitor the price chart

This thread might help you to observe BTC prices.

https://bitcointalk.org/index.php?topic=178336.0

I started with 100 USD which i called learning morning. The money was not meant for profit but just for learning the market etc.

After my learning time i still got 80 USD. With that i added some more money (500 USD). After 2 weeks i checked my progress. If there was 20% profit i would double it. If i had loss or less then 20% i waited more.

With the profits i gained, half would be converted back to fiat, half would I reinvest. A solid strategy that worked for me.

[moneyflow]

The amount you trade depends on your willingness to lose money. However, if that's covered, then you should look at the volume of the asset you intend to trade and try to stay lean.

Better to trade with as low as 0.01BTC rather than satoshis. Let the amount be as significant that a plausible profit can be earned. Trade only as much as you can afford to lose at that moment. That will give you a better idea of the risk but for the profit - the sky is the limit my friend.

[harizen]

To start on trading and really feels the profit somehow, I suggested to start at least BTC.5 or much better BTC1. You can start even 50k satoshis but it might take longer to feel and monitor your improvement.

-Read some speculations
-Read some latest BTC news
-Always monitor the price chart

This thread might help you to observe BTC prices.

https://bitcointalk.org/index.php?topic=178336.0

I started with 100 USD which i called learning morning. The money was not meant for profit but just for learning the market etc.

After my learning time i still got 80 USD. With that i added some more money (500 USD). After 2 weeks i checked my progress. If there was 20% profit i would double it. If i had loss or less then 20% i waited more.

With the profits i gained, half would be converted back to fiat, half would I reinvest. A solid strategy that worked for me.

Great. Things works for you well.

Well my suggested initial investment to start in trading was based only on my own. I started at BTC0.2 as my learning stage and somehow I make profit but it's just an small amount and I can't feel it. After surpassing that stage I add some little amount to invest and today's somehow I feel Im gaining profit much more than my previous profit.

[Zorrocoin]

For more experienced traders (or at least some experience) there. Which would be the minimum to invest in order to have a chance to profit from trading? I would like to start as low has 10k satoshis, but as I have seen, many exchanges have minimums and minimums fees and that does not feel reasonable.

Let's say that we put a goal to earn 20k satoshis a day (on average) from trading... How much would you see you have to employ to achieve that?

You like trading with alt-coin ? 
My advice you can start with higher amount like 0.01BTC or higher and your goal 0.02BTC a day.
Because 10k satoshis is to low to start trading and it is easier to lose.

I agree. Start with a significant amount of at least 0.01 BTC so you can at least have a more significant profit after the fees. Trading in satoshis will not be advisable as the time/resource factor will mean a less remarkable ROI.

[bitmarket.net]

exactly. keep in mind that every time you ttrade someone else is betting on the other side against you. thats sort ofd how it works.
but i still do recommend to start with about 2btc with your proven trading system.

Bitcoin trading doesn't have to be a zero-sum game any more.
The person on the other side of your trade might be hedging his long position, it could be somebody using bitcoin to send funds to his familiy abroad or it could be a retailer selling bitcoins he's accepted as a payment.

The more uses there are for bitcoin, the more mature and stable market we are going to have.

Good to know that. Same thing with Forex Trading?

I don't see any software to use with bitcoin actually unlike having the MT4 when it comes to Forex market. All I have seen is the BitcoinWisdom which is just fro browsers.

Enhu,

Do you think there would be an interest in the MT4-type software for the bitcoin trading ?

[Amph]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

[bitmarket.net]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

In my experince the psychology of trading 10 btc is very different than trading 0.01 btc.
Once you start trading money that really matter to you, emotions can get in the way and cloud your judgment.

Not to mention that it is easier to get fills on the smaller volume.

[kyrios_]

To start on trading and really feels the profit somehow, I suggested to start at least BTC.5 or much better BTC1. You can start even 50k satoshis but it might take longer to feel and monitor your improvement.

-Read some speculations
-Read some latest BTC news
-Always monitor the price chart

This thread might help you to observe BTC prices.

https://bitcointalk.org/index.php?topic=178336.0

in my experience watching the price chart too much is mentally draining. there's a chance that you let your emotions get better and get tricked into panic selling or buying. watch the charts but have a life and keep emotions in check

[maokoto]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

Well that sounds like great advice. If you can double a small amount, you are more likely to have the abilities to trade higher amounts. Great point.

I guess that it also builds patience, as you cut the urge of being rich fast by using this method.

[richardsNY]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

The difference between trading amounts like 0.01 and 1 - 10 Bitcoins is huge. People are more likely to take more risks with very low amounts. They won't dare to do the same with for example 1 Bitcoin.

[Amph]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

The difference between trading amounts like 0.01 and 1 - 10 Bitcoins is huge. People are more likely to take more risks with very low amounts. They won't dare to do the same with for example 1 Bitcoin.

yeah i know, but you need to practice a lot first with the small amount to increase your confidence and reduce emotions as low as possible

if you're able to systematically turn 0.01 into 0.02 at least, let's say 6-7-8 times out of 10, i'm sure you can do then the same with a bigger amount

it's about practice really, the big problem is emotions in trading, because you're not accustomed to it, you don't do it daily, it's a bit like laddering in starcraft 2

[Mickeyb]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

The difference between trading amounts like 0.01 and 1 - 10 Bitcoins is huge. People are more likely to take more risks with very low amounts. They won't dare to do the same with for example 1 Bitcoin.

yeah i know, but you need to practice a lot first with the small amount to increase your confidence and reduce emotions as low as possible

if you're able to systematically turn 0.01 into 0.02 at least, let's say 6-7-8 times out of 10, i'm sure you can do then the same with a bigger amount

it's about practice really, the big problem is emotions in trading, because you're not accustomed to it, you don't do it daily, it's a bit like laddering in starcraft 2

Yes, emotions are the b***h! But these emotions tend to get out of hand when you start risking more and more of your money! Trust me, I've been there and I've done it. Even if you are successful 9 out of 10 times with 0.1 BTCs, when you decide to risk 1 or 2 BTCs your brain just starts freaking out!

[randy8777]

i've learned that the best strategy is to try to earn big by starting with a very small amount, if you can't succeed in this then you known that you were going to lose money if you were going big

if you can turn 0.01 in 0.02, you can do the same with 1 or 10, but you need to do it first with the small amount, where there are no risk

The difference between trading amounts like 0.01 and 1 - 10 Bitcoins is huge. People are more likely to take more risks with very low amounts. They won't dare to do the same with for example 1 Bitcoin.

yeah i know, but you need to practice a lot first with the small amount to increase your confidence and reduce emotions as low as possible

if you're able to systematically turn 0.01 into 0.02 at least, let's say 6-7-8 times out of 10, i'm sure you can do then the same with a bigger amount

it's about practice really, the big problem is emotions in trading, because you're not accustomed to it, you don't do it daily, it's a bit like laddering in starcraft 2

Yes, emotions are the b***h! But these emotions tend to get out of hand when you start risking more and more of your money! Trust me, I've been there and I've done it. Even if you are successful 9 out of 10 times with 0.1 BTCs, when you decide to risk 1 or 2 BTCs your brain just starts freaking out!

people who trade with emotions and without thinking are most likely ending up with losses. then they blame bitcoin for their own mistakes.