Is there a required amount before you start trading?

[Xardasim]

Getting an initial amount is essential as it helps investors start trading when entering the cryptocurrency market. But I advise new investors to invest a small amount of money initially and do not invest beyond their capabilities. Invest more when you really understand this market.

Yes, if you don't have experience, it is better to invest a small amount for the first time.
In addition, there is some trading platform where you can try yourself with demo accounts.
The amount of money you invest should be as much as you can risk depending on the possibility of losing money.

[Ziskinberg]

Getting an initial amount is essential as it helps investors start trading when entering the cryptocurrency market. But I advise new investors to invest a small amount of money initially and do not invest beyond their capabilities. Invest more when you really understand this market.

I believe there is no definite amount to start in trading as long as you really know what you are trading and the strategies you will take so that you can still make profit in the end even with a minimal amount.I advise to to start trading only when you fully understand the whole crypto trading.

[gurang]

I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?

Start the amount of you are willing to lose, the more you spend in trading the more it risk, if you trade small amount the profit you will get is also small. But if you use big amount the profit you will get will big, so choose before you trade.

maybe, but even the amount is small you can earn a big profit just hold it wisely and make sure you know to handle it or how you overcome it just trust on yourself and believe tgat you can do this and you can overcome it

[BitcoinCommodor]

Their is no ammount required for starting in trading.Because you must follow the minimum fund to start in trading and get into it.

There is a simple rule in economics and that is the more money you have, the more you invest and earn out however there is not specific amount of money you need for investment. It depends on the scale of your investment. If you plan to invest huge, you would have great chance to earn huge. In the same way a small amount of money will enable you to own only a small number of coins and the profit comes proportionately.

[skish85]

I think that every trader develops his own trading plan. The only thing that I can say for sure is that it is necessary to start trading with the amount that you are not afraid to lose.

[susuberuang]

I think you only need a few money for the first time trading capital, you can use trading capital of as much as $ 100 and with that capital you can buy coins and you can do it also to learn so you can find out how to trade properly and correctly.

[Andrey13101991]

Start trading the amount of money that you will not be afraid to lose. So you will be much easier to trade, emotionality will be less and you will think with your head. Because of the high emotionality people lose money.

[nur rochid]

Start trading the amount of money that you will not be afraid to lose. So you will be much easier to trade, emotionality will be less and you will think with your head. Because of the high emotionality people lose money.

by using free money, we will have a stable psychology, so we don't panic quickly with amount of news that appears, because all news is not necessarily true, so with a clear mind, we can sort out real news

[pinoyden]

Their is no ammount required for starting in trading.Because you must follow the minimum fund to start in trading and get into it.

lol . im confuse on this one .  you said there's no specific amount required to start trading but you also said there is a minimum amount to start trading , what the heck dude ?  can you please try to be more clear next time before making a post  , so that you dont make any confusion to your readers .

@op i think yes , there maybe a required amount in trading because in every online exhange there is also a different set of fees regarding on their service .

[SJJoh]

You should decide the amount you are willing to invest in trading based on how much you are ready to risk and on the time you can dedicate for that. I wouldn't recomend starting with too much, as you'll have to adjust your strategy as you'll get more skills and expertise. On the other hand, if you start very small, it will most probably take quite a lot of time to get significant results.

[bohr]

Well, there is no required amount. In my opinion best way is to start with the amount of you are willing to lose.

That is not enough, your capital needs to be big enough so you're not wasting your time when you are trading, I say this because a lot of people have a capital so small that they need to make very big trades compared to the size of their holdings they have and it doesn't matter how good you are, if you do this you are going to lose your money very fast.

I think there is no required amount but, we need to start trading in a verry few amounts of capital. Because from the word new we are maybe on the learning stage and we need to learn .ore things or strategy on it. So I suggest that of we want to trade we need to start in a very small amount to avoid lossing.

As I said that is not enough, people forget that trading has a lot of costs involved, you need to pay a small commission to the exchange, you need to pay for transaction fees, it is unlikely that you are going to buy at the optimal point that you were looking for so you are going to lose some money there as well, and when you add all of those costs you will realize that you need a certain amount of money to become profitable, the amount is not really that big but it exists.

[sirohige]

I think for the first capital that you might be able to do to start trading you must have at least $ 50 of capital to be able to use it to buy some coins that you can do to grow assets you can, after having bitcoin then you can use the bitcoin you have to buy altcoins that are still very cheap and enjoy the benefits you can get.

[supermine]

You should decide the amount you are willing to invest in trading based on how much you are ready to risk and on the time you can dedicate for that. I wouldn't recomend starting with too much, as you'll have to adjust your strategy as you'll get more skills and expertise. On the other hand, if you start very small, it will most probably take quite a lot of time to get significant results.

Exactly the amount should be determined by the user who is going to start trading with based on how much he can afford to lose on this and the amount should be decent enough to cover all the fees from the trading like network fee,deposit and withdrawal fee and also picking the right exchange also important for maximum profits.

[cintamoni]

Just simple from me, I think, there is no amount needed before you start trading, but, you have to start with an amount that will allow you to make a profit and cover trading costs.

Yes.There is no required amount in trading but as what most people say the bigger the amount of trading,the higher the profit you will get.But it all depends on the strategy you are going to use.If you are really smart,you can make profit even with a small amount.I suggest to start trading with an amount you can afford to lose.

Amount is not important to start trading, the important thing is experience and study in trading. If you have experience, you are good to go.

[domarakooth]

Just simple from me, I think, there is no amount needed before you start trading, but, you have to start with an amount that will allow you to make a profit and cover trading costs.

Yes.There is no required amount in trading but as what most people say the bigger the amount of trading,the higher the profit you will get.But it all depends on the strategy you are going to use.If you are really smart,you can make profit even with a small amount.I suggest to start trading with an amount you can afford to lose.

I have seen many people losing who investing high amounts in trading with out any experience and also i have seen many people who invested with less and gradually build up by getting profits in trades just because they learnt it well.

[Btc_1856]

For trading, we need to have experience because without knowing it is completely waste trading with your money. After getting the experience we need to invest some amount of money which you need to research the coins and how you are going to get benefits from those coins.

[Ponti]

The critical thing is to start from any amount that is insignificant for your family budget. The worst idea would be to sell all your family holdings, and use that money. In my opinion you should start from trading education anyway, there a lot of free and paid courses online that can give you strong trading base. Only then you can start from some small amount.

[mweezy]

same yes on my mind, i have been hearing that bitcoin can not longer be invested on because of the high price while some are saying bitcoin is meant for the rich, does this mean i can't invest like 400$ in bitcoin?

[Evana17932]

same yes on my mind, i have been hearing that bitcoin can not longer be invested on because of the high price while some are saying bitcoin is meant for the rich, does this mean i can't invest like 400$ in bitcoin?

No, you can. Given the recent high price of Bitcoin, you can buy less than one Bitcoin which can be divided up to eight decimal points. This means you can buy 0.5 Bitcoins, 0.002 Bitcoins, or even 0.00000001 Bitcoin, if it suits your budget. However, you need to be careful with the transaction fee.

[learntonoob]

No need. You need to require yourself with a limit of money.