Minimum to start on trading

[Spoetnik]

0.00000001 LTC or FTC etc.

That is what i did.

Can't turn that into large money ?
Then you suck and shouldn't be doing this trading stuff.

[eddie13]

I started with .01 BTC and made over 14,000% profit my first season (winter) trading.. Thousands of trades..

[LuckyYOU]

Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better.

From there you have made (hopefully some more money, and thus you can start some serious trading.

[blackmachinegun]

its depending you trading skill..if you have learn a good trading,minimum amount is not matter

[Proxiebuier]

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?

i think you can start with 2.000.000satosi
you can earn 20.000/day it's very small only 1%/day and 30%/month
but be carefull, because you will get lose if you buy and sell at wrong time

[HarryKPeters]

Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better.

From there you have made (hopefully some more money, and thus you can start some serious trading.

Exactly start with less money, so there is less risk involved. Eventually you get the hang of it and you can earn more easy a quick buck while reading the market.

[LuckyYOU]

Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better.

From there you have made (hopefully some more money, and thus you can start some serious trading.

Exactly start with less money, so there is less risk involved. Eventually you get the hang of it and you can earn more easy a quick buck while reading the market.

Yes, the more you try and learn the better you develop skills needed for a day trader.

Remember it goes with ups and downs.

[vorazvora]

Probably you will not believe me, but I started with 20,000 Satoshi earned from faucets (it was 30000 - 10000 fee) I start trading altcoins on poloniex. In first two weeks almost every day I was doubling or tripling my coins. After around 3 weeks I have 0.10 but then i buy one scam coin and i lost a lot .. later I deposit money and everything change;)

[yoona]

Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better.

From there you have made (hopefully some more money, and thus you can start some serious trading.

Agree with this guy. I use 50 USD to start my trading capital. And that amount perfect to start for me. Goodluck

[Proxiebuier]

Probably you will not believe me, but I started with 20,000 Satoshi earned from faucets (it was 30000 - 10000 fee) I start trading altcoins on poloniex. In first two weeks almost every day I was doubling or tripling my coins. After around 3 weeks I have 0.10 but then i buy one scam coin and i lost a lot .. later I deposit money and everything change;)

nice history trade
you can get double triple in someday but you can lose at 1 day maybe 1hours

me too i can get 0.05/day at huobi (some month ago, when i active at litecoin trade) but i lose all of my money ~1.6btc
i buy litecoin at price 45cny then after 1 hours down to 19CNY 

[newbitcoins]

It is better not to be a day trader. 90% of day trader will lose money. One reason is that the trading cost fees. The second reason you cannot sell at the top and buy at the bottom most of the time.

[kyrios_]

It is better not to be a day trader. 90% of day trader will lose money. One reason is that the trading cost fees. The second reason you cannot sell at the top and buy at the bottom most of the time.

but but what if i told you i have a magic crystal ball from the oracle of omaha

[zeaderza]

You can try to start with any amount you want.

[bitart]

Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better.

From there you have made (hopefully some more money, and thus you can start some serious trading.

Exactly start with less money, so there is less risk involved. Eventually you get the hang of it and you can earn more easy a quick buck while reading the market.

Is there a kind of stop-loss thing in BTC trading that you have in forex? Just to be on the safe side if market goes opposite your prediction in the end and you don't want to lose all your bankroll in the very first trade... I'm just asking because I don't want to do day trade because I can't check the price during the working hours so I need something to close my position if price starts to move agains me.

[eddie13]

Is there a kind of stop-loss thing in BTC trading that you have in forex? Just to be on the safe side if market goes opposite your prediction in the end and you don't want to lose all your bankroll in the very first trade... I'm just asking because I don't want to do day trade because I can't check the price during the working hours so I need something to close my position if price starts to move agains me.

Yes most exchanges have ways to put in a stop loss and/or triggers to execute trades if the price reaches your target. Triggers and stop losses are a very good idea..

It is all about risk management and stopping loss is a huge part of being successful.. If you make 5 trades, loose 1% each on 4 of them but make 12% on one good trade you are up 8%.

You cannot make a good trade every time IMO, you only have to make a few good trades of many as long as your gains in the good trades outweigh your losses in not so good trades.

[iv4n]

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?

I'm new in trading, but in last week i earned about 0.01 BTC on trading. Well it was more following some news and people's talking. On ACP i earned mostly of that, something on XYS and something little from few others. I was buying with all money I had and I sell on first big rise. I didn't have patience to wait cause of that I didn't earn more but for first times I think its enough. And 10k satoshis is maybe good for some new coins,but for some better ones u need much more. Anyway try something, wait for new coins and try to predict price. Also find some good traders and folow their posts or tweets. Good luck man!

[HarryKPeters]

It is better not to be a day trader. 90% of day trader will lose money. One reason is that the trading cost fees. The second reason you cannot sell at the top and buy at the bottom most of the time.

But yet there are enough daytraders... right.

Their incentive must be profit. I think they trade in big volumes and with that they don't need to sell at the top. When the bitcoin price is let's say 240 USD and they sell 100 bitcons at 250 USD. their profit is 1000 - 200 (fee) = around 800 usd. That's just 1 day...From the other 29 days they need just 2 more days like that and they have a nice income.

I do however think this is very risky.

[Mr. Forum]

There is absolutely no fixed amount that you can start with when it comes to trading. The best thing is to always start with a proper research to find the area you are investing. After doing so, you will be able to make a plan and just try to see the resources that will make you start the work. I ca say that when it comes to trading, your passion and attitude stands tall against any other factors. You can have lots of money but not will to trade in a certain field then end up in losses.

[richardsNY]

There is absolutely no fixed amount that you can start with when it comes to trading. The best thing is to always start with a proper research to find the area you are investing. After doing so, you will be able to make a plan and just try to see the resources that will make you start the work. I ca say that when it comes to trading, your passion and attitude stands tall against any other factors. You can have lots of money but not will to trade in a certain field then end up in losses.

When it comes to Bitcoin there is definitely not a fixed amount for investing. I know some one who have bought only $30 worth of Bitcoin. Just to test where Bitcoin goes. If it's worth a lot one day, then fine, if not then fine too.

[eddie13]

I'm new in trading, but in last week i earned about 0.01 BTC on trading.

The quantity of your realized profits alone is a mostly useless identifier of the trades success..

For example if you invested 100 BTC into the trade and made .01 this is typical of barely getting out by the skin of your teeth and the risk vs reward for this trade would almost certinly not be worth it..

Or if you invested .001 into the trade and made .01 this is an excellent trade indeed. Try to think of it as a percentage gain rather than just the quantity of realized profits.

Well it was more following some news and people's talking.

My favorite indicator, Trollbox hype..

I didn't have patience to wait cause of that I didn't earn more but for first times I think its enough.

I believe this may be a good trading characteristic to have, if you have a habit of selling too early at least you are locking in positive profits. Any gain is a good gain.

And 10k satoshis is maybe good for some new coins,but for some better ones u need much more.

The more you put on a trade the harder it gets to get all of it in and then get all of it back out the market must have more liquidity.. You have better chances of making a good trade with less invested because it will be much easier for you to get the best market price.

Once you start trading with enough BTC to push smaller markets around you will know what I mean.

Also find some good traders and folow their posts or tweets. Good luck man!

Think of the psychology behind what others say. If someone says "Buy DGB" most times what they really mean is "Buy my sell orders" or if they sit there rambling on about how good some coin is it's very likely they are trying to hype to pump the market so they can sell. Also a lot of the time someone will FUD in attempt to bring the price down so they can buy cheaper.. There is almost always a motive or personal agenda behind what they say. They are saying whatever they think will make for the best outcome for them personally.