Minimum to start on trading

[bitart]

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.
[/quocan
So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here?
Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)?

[1714095595]

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[1714095595]

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[eddie13]

So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here?
Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)?

There are a lot of exchanges..  http://coinmarketcap.com/exchanges/volume/24-hour/ and I only know a few personally..

I doubt there are many, if any, exchanges that you would be at a disadvantage at with less than .5 BTC.. Just make sure you aren't bottoming out on the minumum fees to where they impose a greater % fee because you are so small, and some have a minimum withdraw amount.. Do some research on ones you think you may like before jumping in head first..

I personally think trading crypto is a lot different than stocks and forex. Prices change in crypto for seemingly no reason all the time, just look at how many people are trying to figure out what caused the recent BTC pumps.. I don't think chart analysis and those sort of market indicators apply very well to crypto either because crypto is too random. 

[junglist.massive]

try with small amount of money. You will lose a lot of before you get knowledge about making profit

[manote]

Try with small amount and learn the better you develop skills needed for a day trader. if you can turn 0.01 in 0.02, you can do the same with 1 or 10, where there are no risk

[bitart]

So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here?
Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)?

There are a lot of exchanges..  http://coinmarketcap.com/exchanges/volume/24-hour/ and I only know a few personally..

I doubt there are many, if any, exchanges that you would be at a disadvantage at with less than .5 BTC.. Just make sure you aren't bottoming out on the minumum fees to where they impose a greater % fee because you are so small, and some have a minimum withdraw amount.. Do some research on ones you think you may like before jumping in head first..

I personally think trading crypto is a lot different than stocks and forex. Prices change in crypto for seemingly no reason all the time, just look at how many people are trying to figure out what caused the recent BTC pumps.. I don't think chart analysis and those sort of market indicators apply very well to crypto either because crypto is too random. 

There are a lot of books about stock trading. There iare a few, but less about trading forex. Is there any book about trading crypto, or any guide for beginners? Or, everyone should learn it on his own experience? If crypto price is too random to use the indicators like we use at trading stocks or forex, what are your drivers to make a decision about opening/closing a position? It's OK for me if you provide me a trustable link where I can start learning, I don't want you to write a book for me about crypto trading

[quentincole32]

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?

when you decide to be trader,you must decide how much you will take profit on it,and it also happen how much you will start with.
if you wish earn 20k satoshi,you should try it with 20k start. logic?

[t309]

I like the rule, you should start with salary for 1 month!!!
if you lose money is not much impact on your life.

[WaterSupply]

I think proper money management is as important as you starting capital.

You should definitely use a small amount as a demo account so you at least know what your risk for appetite is and also .more importantly if you the required mindset for trading and can handle your emotions well. I would say starting with 1K usd is good. Also you should not be risking more than 2% per trade as you can come back even with several losses as your loss is limited. Hope this has helped

[Proxiebuier]

I think with 0.01 you can start trade at bittrex, yobit, poloniex, c-cex or other market
im start trade with 0.05 BTC sometimes i get profit 0.02/week sometimes 0.01 and sometimes -0.01

[1Referee]

I like the rule, you should start with salary for 1 month!!!
if you lose money is not much impact on your life.

I have never heard of this rule before. And that's probably because it's nonsense. People should simply invest what they can afford, and what they surely know they don't need the comming years. For you it might be $1000 and for the other it's just $100, even when his salary is around $900 or more.

[kyrios_]

So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here?
Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)?

There are a lot of exchanges..  http://coinmarketcap.com/exchanges/volume/24-hour/ and I only know a few personally..

I doubt there are many, if any, exchanges that you would be at a disadvantage at with less than .5 BTC.. Just make sure you aren't bottoming out on the minumum fees to where they impose a greater % fee because you are so small, and some have a minimum withdraw amount.. Do some research on ones you think you may like before jumping in head first..

I personally think trading crypto is a lot different than stocks and forex. Prices change in crypto for seemingly no reason all the time, just look at how many people are trying to figure out what caused the recent BTC pumps.. I don't think chart analysis and those sort of market indicators apply very well to crypto either because crypto is too random. 

There are a lot of books about stock trading. There iare a few, but less about trading forex. Is there any book about trading crypto, or any guide for beginners? Or, everyone should learn it on his own experience? If crypto price is too random to use the indicators like we use at trading stocks or forex, what are your drivers to make a decision about opening/closing a position? It's OK for me if you provide me a trustable link where I can start learning, I don't want you to write a book for me about crypto trading

Yeah, any tips on what moves crypto markets?

[tiggytomb]

I would not put up more than you are okay to lose.  If trading alts 0.01 is good enough to find your way about, one tip is do not be greedy, if you are backing a coin that has risn 300% in 24 hours and you have made some profit you should sell them pretty soon as it will at some point fall back down.

[Amph]

So basically it's the same like trading with stocks or forex? I mean if someone has experience with any of them, then it's an advantage in trading BTC or it's a special market with special things to learn before you can become a successfull trader here?
Are all of the exchanges good enough to start trading or there are exchanges for people with different experience level (and/or bankroll)?

There are a lot of exchanges..  http://coinmarketcap.com/exchanges/volume/24-hour/ and I only know a few personally..

I doubt there are many, if any, exchanges that you would be at a disadvantage at with less than .5 BTC.. Just make sure you aren't bottoming out on the minumum fees to where they impose a greater % fee because you are so small, and some have a minimum withdraw amount.. Do some research on ones you think you may like before jumping in head first..

I personally think trading crypto is a lot different than stocks and forex. Prices change in crypto for seemingly no reason all the time, just look at how many people are trying to figure out what caused the recent BTC pumps.. I don't think chart analysis and those sort of market indicators apply very well to crypto either because crypto is too random. 

There are a lot of books about stock trading. There iare a few, but less about trading forex. Is there any book about trading crypto, or any guide for beginners? Or, everyone should learn it on his own experience? If crypto price is too random to use the indicators like we use at trading stocks or forex, what are your drivers to make a decision about opening/closing a position? It's OK for me if you provide me a trustable link where I can start learning, I don't want you to write a book for me about crypto trading

Yeah, any tips on what moves crypto markets?

it is very well known already, small altcoin are moved by manipulators, by anyone practically, they have no volume, even those in top 10 can be easily manipulated, bitcoin is no exception

but bitcoin can also be moved by legit demand that believe in it, instead the other only for a 100% speculation

[yoona]

I would not put up more than you are okay to lose.  If trading alts 0.01 is good enough to find your way about, one tip is do not be greedy, if you are backing a coin that has risn 300% in 24 hours and you have made some profit you should sell them pretty soon as it will at some point fall back down.

It has happened to me ,  i keep hold the coin even it already crossed 200% .
Until i realize the price back down and down even worst.

[Efemen]

I would not put up more than you are okay to lose.  If trading alts 0.01 is good enough to find your way about, one tip is do not be greedy, if you are backing a coin that has risn 300% in 24 hours and you have made some profit you should sell them pretty soon as it will at some point fall back down.

For altcoin trading, you can put in 0.001 bitcoin without any problem. Those amount of bitcoin worth a lot of altcoins.

[alrachid]

I started trading with .04 and its now .103. All that matters is the percentages you earn. If you have more money to play with, you could potentially gain more from the same margin percentages simply because you can buy more coins. I just watch the charts and look for a wave to ride and then swim back to shore before the sharks come.

[enhu]

I'd probably start with about 3btc or more before going into trading, it seem like you can't feel the amount earned with small amount as capital. It does seem like earning just about $25 per inflation isn't worth the wait you did.

[harizen]

I'd probably start with about 3btc or more before going into trading, it seem like you can't feel the amount earned with small amount as capital. It does seem like earning just about $25 per inflation isn't worth the wait you did.

Well for a serious trader one must have a quiet big amount to start on trading world as it will take you to much noticeable progress if you gain or loss. With only a small amount you can't really see clearly how your progress is going on.

What if one has no big amount like that? I sugggest one to start doing small trades at fair amount and all returns including the capital , i said ALL, must used and rotate in order to have a much earnings every successful move and after you gain a quiet big amount just used all of it to start on big trades. Really time consuming and one must need patience.

[enhu]

I'd probably start with about 3btc or more before going into trading, it seem like you can't feel the amount earned with small amount as capital. It does seem like earning just about $25 per inflation isn't worth the wait you did.

Well for a serious trader one must have a quiet big amount to start on trading world as it will take you to much noticeable progress if you gain or loss. With only a small amount you can't really see clearly how your progress is going on.

What if one has no big amount like that? I sugggest one to start doing small trades at fair amount and all returns including the capital , i said ALL, must used and rotate in order to have a much earnings every successful move and after you gain a quiet big amount just used all of it to start on big trades. Really time consuming and one must need patience.

I don't see how much you can gain in btc trading  unless you wait for the pump but unlike doing it with forex, you just need $200 and a leverage to which you can earn a $1 per pip.  A single movement in a day depending on the pair may reach up to a hundred pip to which you can earn about $100 as well. this of course if you can bid at the right time.

[harizen]

I'd probably start with about 3btc or more before going into trading, it seem like you can't feel the amount earned with small amount as capital. It does seem like earning just about $25 per inflation isn't worth the wait you did.

Well for a serious trader one must have a quiet big amount to start on trading world as it will take you to much noticeable progress if you gain or loss. With only a small amount you can't really see clearly how your progress is going on.

What if one has no big amount like that? I sugggest one to start doing small trades at fair amount and all returns including the capital , i said ALL, must used and rotate in order to have a much earnings every successful move and after you gain a quiet big amount just used all of it to start on big trades. Really time consuming and one must need patience.

I don't see how much you can gain in btc trading  unless you wait for the pump but unlike doing it with forex, you just need $200 and a leverage to which you can earn a $1 per pip.  A single movement in a day depending on the pair may reach up to a hundred pip to which you can earn about $100 as well. this of course if you can bid at the right time.

Honestly in my BTC trading history, I don't need to wait for a price pump just to make profit. It's a rule of buying coins in a dip situation. I didn't set any low target price that much like others always did and now stuck up waiting for nothing.

I really make a quiet profit up to now and gains some coins after a "patience" method.