Trade up capital: $200

[JamesBorn]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

[1714525687]

1714525687

[Fatunad]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

You are the ones who would be making out a decision whether you would be telling your wife that you are the ones who do took the money and tell her the truth that you would be using it on trading or you would really be just playing along on what you had started and never ever confess that you did such act. In speaking about trading then it wouldnt really be an assurance that you would really be able to grow that $200
specially when you are still a noob. We know that trading is never been that simple which anyone could end up profitable overnight.It would be taking a long time and lots of efforts and time you would be needing
to spend to make yourself that able to be called as a trader. It would be lots of trial and error which you would really be able to experience.

[sheenshane]

So you dont have a job?  Did you rely on your wife's money?
In trading, there should be a stable source of income that can be sustained if ever you will lose trading.  Because in trading, there is no guarantee to make a profit, it could be one day you will gain profit or it could easily wipe out your wallet.

The $200 capital is quite good for new traders, but only if this amount can afford to them to lose.
I recommend finding an exchange that has copy trading which easily for you to follow the trend of the most progressive traders, AFAIK, eToro exchange has this kind of feature but $200 isn't a good start there.

So good luck if you really try it out but make sure you have a backup plan.

[logfiles]

One of the golden rules in trading is always use money you can afford to lose. Based on your story, it even looks like you got money from your wife without permission. If I were you, I would just use like $10 just to learn how to trade and get a proper trading strategy to is sustainable in the long run.

And please get an alternative source of income as you learn how to trade. it isn't as easy as A,B,C,D...

[Maus0728]

Could this be enough to start trade?

If you lack knowledge and understanding of trading, then the answer is NO.

Remember, it's important to realize that trading isn't a straightforward process of buying low and selling high because you'll be competing with other individuals who are more intelligent, corporations that possess greater access to valuable information, and people who have more experience, connections, or wealth than you.

And if you're an average Joe with no day job and are planning to use your wife's money to trade without a clear understanding of what you're doing, it's likely that your decision will cause more harm than good.

I maybe harsh, but come on, sometimes we do need some reality check.

[noorman0]

You are too pushy whereas you are not ready for everything that is needed in trading. This is a sign that you will not be prepared for losses either.
Trading advice for beginners is the spot market over the futures market which is riskier, but how far do you know that $200 will give good returns especially you promise some profit from the money in a certain time?

[yhiaali3]

The first rule of trading is you should only trade what you can afford to lose, so if you have no experience and you can't afford to lose $200 you better not start. Because the first possibility is that you can lose all of them or a large part of them.

If you want to experiment, the best way for you is to buy a good coin and hold it for the long term until the market rises and then sell it, but if you are determined to take the risk and risk losing your money, you can try buying a shitcoin, then you have two possibilities: either you double your capital or You can lose it all.

[Ben Barubal]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

     Your wife has consent to take money from her, so I think that's okay, And yes, that's a big deal as a starting trading in the cryptocurrency business.

     What cryptocurrency are you planning to buy? Do you have any ideas on getting into crypto trading? Do you know how to use trading tools? do you know what is the risk you can face here? because if most of it is not there yet, your 200$ will be wasted for sure...

[Mpamaegbu]

I wants to begins trading but I don't have money in coven,

Coven? Did I read something else different into it other than that which it's popularly know for – gathering of witches?

I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?

Yes, that's more than enough for anyone trying their hand on trading. I've seen cases where $50 was used as trading capital and those involved made progress from that.

My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

If your mother in-law is worried about you taking out $200 belonging to your wife, it simply means you need to get your independence and privacy away from her or any other third party so you can concentrate on building a family with your wife.

[cafter]

i suggest you to not trade with those $200, i guarantee you will lose , if you are trying first time trading, instead, invest some small amount of money, which you can afford to lose like 10$-20$ per month in bitcoin, you wife is brave and she loves you,
your money is legal if you or any of your family member earned that money legally,
or you can start a small business, i think, you are taking your family member's money then surely you are not earning right-now, so you can invest it in your own small business like a small shop , or starting selling something locally for profit.

[SOKO-DEKE]

I don't understand why some people decide to borrow money or use someone else's money to invest in something that they are aware is risky. Trading with money that does not belong to you is not advised in the cryptocurrency industry because there are no assurances that you will make the profit, so let's just say there is a 50/50 chance you to make profit or lose.

As for me, I can only trade with money that I can afford to lose because I can't borrow money to do it unless I have my own money. Therefore, I'm not sure why you're so eager to trade even with funds that don't actually belong to you.so let no be too eager to trade with aim of thinking you may make by put the money we can't afford to lose in crypto industry.

[hZti]

I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money.

What is your problem  You can not steal your wife money to gamble it away. There is basically no chance that you will keep your first investment in the trading world. You will always need to practice for some time and also loose money, before it will be possible to earn money. So best is to get a job and use the earnings to slowly get profitable in trading.

[Sweetbtc]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

First of all, you should never borrow from anyone and trade in cryptocurrency.Because cryptocurrency trading is very risky. Where you can double your money, but there are also chances of losing your money.Always put money into cryptocurrency trading that you don't need when you need it.So that you don't have to sell your assets at a loss in times of need.At $200 you can trade but you will have to wait a long time to get profit.Because it is obvious that the more capital you invest, the more profit you will get, and if any business is started with less capital, it will take a lot of time to get more profit.And you need to be more careful in trading with borrowed money because any wrong trade can make you lose money.

[blockman]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

That's a terrible way to trade, you shouldn't get someone's money even if she's your money without her permission and consent. You don't know how to trade yet and you've taken 200 bucks from her without informing her.
Outside of family matters, if it's only between you and your wife, the mum shouldn't intervene with whatever you do with both's money. Whether you take hers or she takes yours, what's important is both of you are giving consent to each other or at least giving each other the idea on what you'll do with the money.

[Lucius]

It seems to me that the wives of many forum members will be angry, and their mothers-in-law will not be thrilled that their sons-in-law are gambling with their wives' money. Recently, a member announced that he was going to sell his wife's jewelry to invest in Bitcoin, which is perhaps a little less risky than what the OP is doing.

If you take $200 and try to trade with it, you will probably lose it or make a minimal profit, but if you invest that same money in Bitcoin, you might double or triple it in the near future (1-2 years).

[gaston castano]

I don't think you use free money, if it's your wife's money is it not used for her needs or something she wants to buy, but if it's free money you can use it without burden now what you need to do is learn about trading.I guess if it's free you will quickly learn.

[Cantsay]

It's a shitty thing to do if you ask me, from your explanation i wouldn't advice you to trade with money that's not yours in the first place.
There's a high probability that you're going to lose your wife's 200 dollars because we can't really tell how experienced you're when it comes to trading. And you should always trade or invest with the money you can afford to lose.
The reason why your wife must have asked you to keep the money after she found out you took it must be because she felt pity for you or because she does not want you to be embarrassed in the presence of your mother, it would be a painful thing to experience.

[Bushdark]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

So what should I do since the money is legal in my hand? This is a funny statement because I see no reason why you would have to take your wife's money and hide it from the rest of the family and now you are telling us that the money is legal in your hand. I will never supprt this motion even those people would ask you to go ahead.

 You have no right to take what does not belong to you and think it is legal in your hand. Do you even know the meaning of legal? There is nothing we are not going to see in this forum. You better confess and return the money to the owner and don't think you want to invest it in trading.

[samcrypto]

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

First, don't force yourself to trade if you still have no funds for this because that money might be more important for your family for daily expenses. Better to ask your wife if its ok to borrow here money instead of getting it. Anyway, trading can be very risky but with your knowledge, making profit out of that money are also possible. Futures can be the best option but since you are still a newbie, try to learn it first for a week and do your research first. Watch some trading vlog in Youtube, and google the indicators, that can be a big help for you.

[Nrcewker]

It’s always advised to not use other person’s money while you are trading. As trading is subject to market risks, that is you have enough chance to make loss as well as profits, but as you have used your wife’s money, so when you will make loss, she will also suffer through it. Moreover if you are a beginner at trading, then I would suggest to have theoretical knowledge at first. Do proper research on when does the price of a particular coin increase, which factors affect the price, and how can you minimise the risks involved. After mastering or learning these, it’s advised to use real money for trading. I won’t say anything more, rest decision is upto you. Wishing you all the best for your trading future.