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Author Topic: Minimum Amount To Start Trading?  (Read 22045 times)
darkhorror2001
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February 09, 2017, 04:39:56 PM
 #401

This is a very tricky question, personally I have seen high losses due to putting too much in a coin that people go panic on lol but I have also noticed in this game the more volume you have in a coin the faster the returns, just like with any investment.

Then you could have luck like I had today, buy in very low like i did with YoBit on some new coin called SMF and turn $8 into $70 only because the slight rise on a cheaper coin you have loads of instant volume can also push you up fast, this is tricky though, you have to just happen to spot a chart that looks like a potential and know when to get out in time to not see the fast rise put you back in the hole again.

The standard I would say like most...only invest what you can afford to lose or like me be a risk taker and not sweat the losses you may incur, long as you know you will always have another day to fight the good fight to win again.
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February 09, 2017, 09:35:19 PM
Last edit: February 10, 2017, 07:36:02 PM by Kevin77
 #402

If you want to earn much more in trading, you need to have the minimum amount of $100 dollars. Because in trading you need to consume  time before you earn much on it because your earning is depend on the swing of altcoins. To prevent loss, you need to wait until the price of altcoin is up.
I do not think $100 as an appropriate initial capital for beginners of trading. They should not risk big when are are not ready completely for market fluctuations.

Moreover I have seen some experienced traders are always do trading with less than $50 worth of altcoins, they justify it as a risk minimizing method. When you are targeting some consistent profits rather than greedy big shots, I guess sticking with minimum all the times may ensure your success due to proper risk management.
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