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Author Topic: How much money do i need to start trading ?  (Read 517 times)
Bisbee
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September 10, 2019, 03:58:26 PM
 #61

For beginners, it is better to start with a minimum amount so that it is not a pity to lose them and that you focus on trading. For example, I recently took 100 Dogecoin (about $0.3) and started trading one little-known coin on a little-known exchange. My goal was to try out the trading technique. Two weeks later, there were 1000 Doge in my account (about $3). This experience allowed me to better understand the market and practice trading. You can also try to start yourself and not chase big profits and just gain experience and improve your trading technique. When you feel confident in trading, then you can trade in large amounts and get the desired profit.

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September 10, 2019, 04:39:35 PM
 #62

Hello everyone! I am a newbie trader. Just entered trading. How do you think which amount of money should i start with in order to get profit?
 Please share your experience

Your title of the post and content are really different.
I thought you just want to know about how much amount of money you need to start trading? But nope you need to know about how much amount of money you should have at least to make profit?
That's really so mean type of question.
But i can only say to you that, if you really want to make profit, then the minimum amount you should require is very big.
It should be that much enough that, you can easily face minor losses.
Hope this helps you.

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September 10, 2019, 04:46:41 PM
 #63

You can start trading with as low as 10$, and it is better to start with a small budget, because the risk of losing is higher in these trades. Even a small amount can allow you to start trading especially for the cheap altcoins, and at the same time you build up your experience.

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September 10, 2019, 04:54:50 PM
 #64

Generally, you can start trading by using any amount but I would suggest that you limit your capital and avoid doing high-rolls especially if you are relatively new into trading cryptocurrencies.
Before you start trading, it is important that you set yourself a goal and a limit to your investments.

Immerse yourself with reading materials all relevant to trading and investing. Watch videos on youtube and attend conferences with regards to trading. But in order to fully understand the business, you should first-handedly experience the craft.

You can start trading with as low as 10$, and it is better to start with a small budget, because the risk of losing is higher in these trades. Even a small amount can allow you to start trading especially for the cheap altcoins, and at the same time you build up your experience.

It is highly advisable to have a small capital if someone is new to trading. Risking large amounts of cash without experiencing such will only put an individual to a very risky situation that may potentially destroy your earnings.

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September 10, 2019, 06:12:29 PM
 #65

100 USD is enough.for the beginning.
according to my experience in trading, money is not the key to someone's success in order to profit in trading.
You can start with only capital $10 to $20 USD.

The most important is the experience, patience, luck and accuracy of the analysis.
Without the four things I just mentioned, even if you have hundreds of millions of capital, it will simply disappear in a moment in trading.
It is true that the size of your capital will not determine if you are a successful trader or not, but once you know that you have the potential to make money in the markets then the size of your capital is everything, lets suppose that you have two traders with the very same system and at the end of the year they earn 100% in profits, while in the surface it may seem like both of them did really well if the initial capital of one of them was one dollar then he has now two dollars but if the second trader had one million dollars as his capital now he has two million dollars.



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September 10, 2019, 08:11:24 PM
 #66

Hello everyone! I am a newbie trader. Just entered trading. How do you think which amount of money should i start with in order to get profit?
 Please share your experience

I believe that you can start trading crypto currency with as low as $50 on any any crypto currency exchange but what you know is that there is a high risk if you don't have a good knowledge of crypto currency trading. I will advise you to learn how to trade well with that small amount of money and check out your performance before you put in large sum of your money.




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September 11, 2019, 12:13:05 AM
 #67

You can start trading with as low as 10$, and it is better to start with a small budget, because the risk of losing is higher in these trades. Even a small amount can allow you to start trading especially for the cheap altcoins, and at the same time you build up your experience.
I also agree with your suggestion,
even if it's better you can entrust trading to your friends, and you have to choose people who are honest and close to you.
sometimes entrust trading is also the right choice when you are not confident, because after all we are trading money, not paper notebooks.

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September 11, 2019, 02:03:15 AM
 #68

Hello everyone! I am a newbie trader. Just entered trading. How do you think which amount of money should i start with in order to get profit?
 Please share your experience
Rule that you need to remember. Higher capital, higher profit so if your capital is kind high there's a possibility that you can earn double of your initial capital but there's no guarantee that you will earn that much right away.

Your trading techniques will matter. It doesn't mean you have high capital means that it's certain you can earn as high as possible but remember that it's not about the amount but on how you grow it base on your experience and strategy.

$20-$100 is a good start and treat it as an investment for the experience and knowledge you can gain as you trade.

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September 11, 2019, 04:35:41 AM
 #69

...
You can start trading with as low as 10$, and it is better to start with a small budget, because the risk of losing is higher in these trades. Even a small amount can allow you to start trading especially for the cheap altcoins, and at the same time you build up your experience.

It is highly advisable to have a small capital if someone is new to trading. Risking large amounts of cash without experiencing such will only put an individual to a very risky situation that may potentially destroy your earnings.

You can join to an exchange and buy 400 doges for $1 dollar, so, i don't get why you say the min capital is $10... I think the min. capital to do trading is the cost of the cheapest transaction on an exchange. maybe one day those 400 doges hit a value of $100. It could be possible if bitcoin hits $1M/BTC  Wink

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September 11, 2019, 04:55:28 AM
 #70

money you need as long as you are not sorry to lose, most importantly credit money does not bring in trade.And it is better to weigh whether you need it, the market is tough today.

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September 11, 2019, 05:04:42 AM
 #71

You can start trading with as low as 10$, and it is better to start with a small budget, because the risk of losing is higher in these trades. Even a small amount can allow you to start trading especially for the cheap altcoins, and at the same time you build up your experience.
I also agree with your suggestion,
even if it's better you can entrust trading to your friends, and you have to choose people who are honest and close to you.
sometimes entrust trading is also the right choice when you are not confident, because after all we are trading money, not paper notebooks.
If you have someone who can do that for you and you fully trust the person then you can let things to happen according to what the direction the person you entrust your investment, but in the other side you should also needed to have a good insight just to be sure that he's taking your money with much better directions.

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September 11, 2019, 08:40:51 AM
 #72

Hello everyone! I am a newbie trader. Just entered trading. How do you think which amount of money should i start with in order to get profit?
 Please share your experience

You will be given too many answers here, and most of them will tell you that you can start with any sum. However, crypto experts have calculated that the perfect variant for a beginner is $100 with alts and $200 with BTC (unfortunately, I cannot find the link for this recommendation). It makes sense - it will be just a start to see how to work with cryptos and not lose much if a failure happens.
If you ask me, I would even say that the $100 or $200 should be traded by a pro trader because they are the ones that can easily multiply such amount of money to a big one and not an amateur that does not know anything much and will only end up wasting the little amount.

Those that are even into margin trading are the one that should not try to trade with a small amount because no matter the low leverage that they use, they will never be able to manage with such amount when the price start dropping, but as a newbie, if they have big money to trade with and the trade is going down, provided that trade with low leverage, the market will never take the money before it rebounds again. But everyone with their own opinion anyway, in the end, we all know what suits or more.

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September 11, 2019, 02:04:16 PM
 #73

If you ask me, I would even say that the $100 or $200 should be traded by a pro trader because they are the ones that can easily multiply such amount of money to a big one and not an amateur that does not know anything much and will only end up wasting the little amount.

Well, everyone is entitled to their own opinion so this is just your own school of thought. Not saying it's right or wrong but have you consider the possibility of the newbie/amateur losing all the big capital you just suggested he/she should atart trading with?. When it comes to handling funds, guidelines are usually given based on minimizing lost that's why the saying "invest or trade with your spare money (I e money you can afford to lose) is widely given.

You don't advice a newbie without any experience to start trading with big capital just because you feel he'll make more gains that way. A trader that can't profit from small trades won't still be able to profit from big trades. The idea behind starting small is for the trader to gain experience, make mistakes that won't cost him that much and learn from those mistakes before going in big with bigger capitals.

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September 11, 2019, 05:13:18 PM
 #74

As a slightly experienced digital trader, I started with 100 dollars as I did not want to pour all my savings into crypto trading but currently, I invest up to 1000 dollars or more without any hesitation since I have come to experience the benefits of crypto trading on a personal level.

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September 11, 2019, 11:17:39 PM
 #75

For the first time trading, you just need to deposit maximal $50, no need big amount. Because you need experience and knowledge to understand how to trade righly. Don't be greedy if you want to take profit, don't listen anyone else to buy or sell coin.

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September 11, 2019, 11:27:22 PM
 #76

For the first time trading, you just need to deposit maximal $50, no need big amount. Because you need experience and knowledge to understand how to trade righly. Don't be greedy if you want to take profit, don't listen anyone else to buy or sell coin.
Just invest only what you can afford to lose especially that you're still a newbie and that losses may occur naturally. Study first how the market moves and learn to understand that volatility is inevitable and that dumps and pumps of every coin will sure to happen. If you think you want to trade for first hand experience then go for it even if it means losing in your first trading because that will motivate you to perform better.

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September 11, 2019, 11:31:09 PM
 #77

trading for beginners I don't think you need to need a lot of capital, for the initial stage you just need to learn by looking at how to trade correctly and how to know the right time to buy and sell coins at the right price, after you can understand the basics of trading then you can use capital of at least $100 for a start.

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September 12, 2019, 02:33:29 AM
 #78

trading for beginners I don't think you need to need a lot of capital, for the initial stage you just need to learn by looking at how to trade correctly and how to know the right time to buy and sell coins at the right price, after you can understand the basics of trading then you can use capital of at least $100 for a start.

I think less than $100 is enough to start trading for new people because they need time to understand how to get the right time to trade. Besides that, they need to make themselves familiar with the command inside the exchanges so when they see the price starting to increase with fast, they don't panic to click the button. And yes, they need to understand the basic of trading because that will be their reason to start trading and they can get the lesson by reading and watching on many tutorials about trading.



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September 12, 2019, 04:03:02 AM
 #79

trading for beginners I don't think you need to need a lot of capital, for the initial stage you just need to learn by looking at how to trade correctly and how to know the right time to buy and sell coins at the right price, after you can understand the basics of trading then you can use capital of at least $100 for a start.
all that is needed for that is courage. even if you start with a large capital, you will only put yourself at great risk. remember, in trading large money will provide the same risk. I also recommend studying every condition that exists today before starting it. for a new start, maybe $ 100, or that range is pretty good capital.

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September 12, 2019, 06:27:40 AM
 #80

all that is needed for that is courage. even if you start with a large capital, you will only put yourself at great risk. remember, in trading large money will provide the same risk.
(....)
But you can minimize the risk even you have large capital, especially when you can control your emotion on every trade. Only allocate some percentage of your available balance in your trading account for every trade you do.

Example:
10% of your available balance for every trade, and put stop loss always. So, even you have large capital, you will not totally use it all for every trade, make your own rules in trading especially in managing your capital.

I started before with around less than $50 in trading, since I am still studying before, less than $50 is quite good for learning in trading, just add some bucks if you already gain some knowledge and learning.

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