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Author Topic: Does having a lot of investing money make trading for a living much easier?  (Read 603 times)
barbara44
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October 22, 2020, 09:57:22 PM
 #101

I don't recommend trading with big amount or amount you can't afford to lose/risk. If you are a good trader and can afford to risk a million dollar in trading, then go for it.
Especially given the volatility of the crypto market as the coin you buy now might become dust by the next morning and it might make you a billionaire too so it is just too risky to put big amount of capital. If you are buying to buy bitcoins and do things like day trading then maybe you can risk it because the price for bitcoins doesn't scare to go down all too much.

I wouldn't bother about making "much" if I did not invest alot of money. I think I will gradually increase my trading fund as I gradually become better at trading and earn more. So, I will be patient with the profit as I learn with small amount of money.
It also depends on whether you are buying new tokens which yield high profits but also bring a risk of higher losses or if you are investing and trading solid altcoins like ETH, TRX, XRP etc which won't give too big of returns but then there is small risk of losing too.
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October 22, 2020, 11:59:33 PM
 #102

In theory it is true with large capital, trading becomes easier. But when the practice will be different, so my advice is not to force
trading with large capital. Better we trade using the money that we can afford to lose, that's safe trading in my opinion. Because
using large capital is also a big risk.

Trading is not easy this is why the most advise is trade the amount that you can afford to lose. Even if you have large of capital without proper knowledge in trading you will experience a big lose. As others, they thought when they invest in crypto it's just can give instant money. Proper knowledge has a big role when doing trading.
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