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Author Topic: minimum amount to start trading?  (Read 6747 times)
drumamat
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July 14, 2018, 06:35:36 PM
 #601

I think if you want to normally take part in investing or trading, you should have a starting capital of 500-1000 dollars in ETH/BTC
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 14, 2018, 07:34:27 PM
 #602

I saw one topic where some one write that, you can start training even from 100 USD and try to make 10% in month. Make for you like event or challenge) you will not loose so many, but you can receive a lot experience )
I think that 100 dollars is quite enough, because for a beginner you need to try to work with several coins and not at a great price. Of course it would be interesting to look for only such coins that have a good price fluctuation chart within 5% per day.

From my newbie experience, I think that loosing of small amount, it’s not enough. If you will loose 10 times by 5 usd it will be not stressful and painful. So if you loose 50 usd in one time, you will start to think more accurate)

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klasik1980
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July 14, 2018, 07:43:41 PM
 #603

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?

This is one of the most asked questions by the beginners when they start investing in stock market. Different newbie investors in different formats ask the same question.

The general answer to all these questions is ‘there is no minimum money required to start investing in the stock market
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July 14, 2018, 08:00:59 PM
 #604

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
There is no minimum amount of funds to start trading cryptocurrencies, as long as , you have the funds to cover the fees and to buy the price of the crypto/s you want to trade then you may start whenever or wherever exchange/s you want.

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mekie
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July 14, 2018, 08:40:29 PM
 #605

My suggestion is start with about $500 but don't withdraw your profits-instead reinvest them with your initial $500 do this repeatedly this is like compound interest it will soon add up to sizable fund. 

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July 14, 2018, 10:39:32 PM
 #606

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
Maybe $500 is alright to trade as a beginner especially now that most of coin is cheap and affordable to buy. That kind of amount will give you a good profit as long you know manage well your investment.

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July 15, 2018, 05:05:35 AM
 #607

ARE YOU TRADING CRYPTOCURRENCY IN BINANCE EXCHANGE
If you are trading cryptocurrency in binance exchange than you might be aware that their minimum amount of BTC to trade was 0.001BTC few days back ,but now they just pushed their minimum amount of BTC to 0.002BTC which might be a bad sign for the new & small traders which might stucked in the trade on binance.
bitcoinisbest
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July 15, 2018, 05:11:35 AM
 #608

Usually, those guys that invest in the cryptocurrency large sums of money and have enough patients to hold their altcoins for a pretty long time, get the best profits. However, as a beginner, you can start even at $20.

The amount could depend upon your earning and saving. If you have some job and can easily manage to put 100$ and even if lose you are okay then one can start with this amount and start investing in some altcoins and btc. Also can invest in good ICO.
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July 15, 2018, 05:24:37 AM
 #609

I actually start in trading in 100$ , last December but there is no definite amount to start,much better if we will educate ourselves before entering trading Smiley we must mentally , financially and emotionally equipped.
FalcoonRed
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July 15, 2018, 05:24:44 AM
 #610

I think if you want to start trading with a small amount, it will reduce your risk of loss if you lose the trade.
marchebuk
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July 15, 2018, 06:30:32 AM
 #611

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?

I started at all with a small amount, about $ 100, during the pampas the crypts worked out well. Now, of course, everything is quieter, less volatile, which is bad for a trader.
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July 15, 2018, 06:49:19 AM
 #612

I think if you want to start trading with a small amount, it will reduce your risk of loss if you lose the trade.

investing or trading with a small amount do sill have a risk because the market of cryptos is pretty unstable . although i agree that you can reduce or mininmize your risk of loosing but you do also minimize your chances of winning .

  anyway , i think the recomended minimum amount for trading is 100$ because that is aleady enough to pay for the excessive fees when you buy and sell your coins .

 some exchange nowadays are also have a minimum amount to reach in order you can make a withdrawal or deposit transactions  , that is why you should always prepare enough of cash in order to get started .
chosenboy4
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July 15, 2018, 07:06:49 AM
 #613

In order to determine the amount of capital needed to day trade, risk management must be addressed. Day traders shouldn't risk more than one percent of their account on any single trade. If trading a $40,000 account, that means the maximum loss a trader should take is $400 on any given trade.

For day traders in the U.S. the legal minimum balance required to day trade stocks is $25,000. If the balance drops below this, day trading isn't allowed until a deposit is made bringing the balance above $25,000. To allow a buffer, day traders in the U.S. should have at least $30,000 in their account if they wish to day trade stocks. On $30,000, no more than $300 should be risked on any one trade.
psychie
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July 15, 2018, 08:11:09 AM
 #614

If you are beginner I would suggest you to start first at small capital maybe around 100dollars. Then once you mastered trading then you can add your capital.
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July 25, 2018, 11:39:01 PM
 #615

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I think it all depends on the personality of each person. nothing set a minimum limit for someone to trade. and I would rather recommend for a basic investment by using extra cash. because in my opinion, trading or investment cryptocurrency also has risks. so it's better not to use the money we need. better the money we need, used for our own needs. and if you have understood and have a good strategy in cryptocurrency. I think you can decide to invest or trade again with a larger amount. but for the basic stage, it is better to use extra money, which amount may not be much.

 
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ana ana bae
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July 25, 2018, 11:42:41 PM
 #616

I was one of the lucky ones to suggest investing on bitcoin to my fiance when price was lower than $2500 Cheesy I told him to buy as many as he can afford and he did, I had 20 bitcoins at my disposal to play with as he liked to put it, But ever since price increased above $4500 he took them from me, Because once I almost lost 3 bitcoins in a stupid trade. More you have to invest you could either lose more or gain more, With bitcoin there is no middle. If you have $500 you can't expect to earn more than $5 daily, So if you can put $5000 you'll earn a $50 potentially if you know what you are doing.
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July 26, 2018, 08:44:01 AM
 #617

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
in trading there is no minimum or maximum limit, because if you want to trade you just need to spend the capital you have, so if you want to trade enough with small capital or a lot of capital, if you want a little profit then use a little capital, and if you want Fortunately a lot then use big capital as well ...
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July 26, 2018, 09:26:17 AM
 #618

My suggestion is start with about $500 but don't withdraw your profits-instead reinvest them with your initial $500 do this repeatedly this is like compound interest it will soon add up to sizable fund. 

Actually buddy, there is minimum amount in trading site which will compensate the amount of the tradable coins that you have. Also, it depends the kind of trading site in which their is minimum and maximum as well as the value of gas to use in trading process.

really Cherylstar86. in trading site has been set at least start trading but in the mean with the tread is minimal for trading and get more profit. if the minimum deposit of $ 10 then to get a profit of course takes a long time
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July 26, 2018, 01:38:13 PM
 #619

What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
Well i only started with a very small amount, and it is only $200 i just practice trading everyday  and right now i learn how to trade really well and i am now earning a great amount of profit with trading, hoping that i earn more money when the market will be green.
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July 26, 2018, 02:00:12 PM
 #620

In my own opinion the minimum amount to start trading is $100. $100 is better to practice everyday and had a experience in trading but don't start trading without knowledge you can search about the basics of trading or watch videos in youtube how to start trading and what's the strategy after watching apply it to your strategy.
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