What can I do to be successful in trading with my small capital

[South Park]

In trading your success is only possible if you are expert in trading but if you have no experience then you are just gambling nothing else. I think if you have little experience then you can initiate investment but in case of trading your little experience will not work as even expert traders sometimes loss when the situations are not good. If you are trading for just a day in whole week or month then it will not be risky but if you are regularly trading without realizing the fact then it will become difficult for you to earn money and instead of earning you will loss huge sum in short time.

Trading is never easy most particularly for those who have only greed but zero knowledge and skills. This is not like gambling that once you risk a bigger amount, a bigger amount of profits will be possible to win. In trading, regardless of your trading capital, if you don’t have what it takes to be a successful trader, you will never make an edge over the market.

I suggest study first the trading market and learn even the basics in trading. Know your risk tolerance when it comes to trading on an uncertain market. And build your knowledge and skills, and put extra miles of efforts when it comes to your experience. Through all of these, you will gradually become a good and reliable trader in the process.

That is probably the biggest difference between trading and gambling, a gambler even if they do not know what they are doing has the same chances to win than someone that has gambled for years, but when it comes to trading the opposite happens, and a newbie trader cannot ever hope to compete against a skilled trader and more often than not they will lose all their capital to the markets, and even if they were extremely lucky and earned some money, if they keep trading they will lose it all.

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1715289444

[Ever-young]

Trading is like gambling. Although not gambling but it is very risky like gambling. Most traders are losing.

To be successful in trading, you will need to learn about indicators and also learn how not to be greedy. Trade with the money that you can afford to lose. Look for good strategies.

Trading is not promising. Get yourself a good job.

Then use trading as an alternative means. Start with small money and increase it only if you trade and gain than lose over long time period.

Yes, there are some similarities between trading and gambling, but with that small capital, you can turn it into a lot of money if you are willing to take risks and understand what is involved, such as the good and bad sides of trading. However, I would advise you to learn everything about trading before getting started, such as the advantages and disadvantages and what it takes to be a successful trader.

[xandriel]

  For me, if you want to make a big profit (but it comes with high risk and you must invest your time), you shouldn't invest in the top coin. Try to find a gem with a market cap around 1-10 million. Gather all information about the coin – a good background, a good development team, a strong community – and then just buy some and wait. Do your best to find 10 coins like that. If you're lucky, 1 in 10 coins will pump like x100. You will have good profit event 9 others coin die. Like me, when the market pumps, I come back and run some campaigns to buy some coin and then wait. It has been good for me .No risk, just take some free time. 

[AnonBitCoiner]

Yes, there are some similarities between trading and gambling, but with that small capital, you can turn it into a lot of money if you are willing to take risks and understand what is involved, such as the good and bad sides of trading. However, I would advise you to learn everything about trading before getting started, such as the advantages and disadvantages and what it takes to be a successful trader.

Trading and gambling will not be taken as similar if we learn well, using strategies and learn from our mistakes or losses instead of making a mind to just trade in order to recover our money. Little sum for trading will only be enough if you have knowledge otherwise this little sum can make addictive to trading like that of gambling.

Trading is better for those who are expert in trading but those cannot be successful in trading who cannot manage the risk through using different strategies and are using emotions for making decisions.

[lixer]

...Trading is definitely hard for those who can’t manage the risk but for those who have establish skills and proven effective trading strategies, I think successful trading won’t be too hard to achieve especially if you are passionate on what you are doing.

Even if you have the skills and proven trading strategies, you will not be able to avoid liquidating your balance if you do not adhere to the risk management strategy. So anyone who decides to start trading should start by learning the risk management strategy.

When you are skilful and has a proven effective strategy, you might also know how to manage your risk as well but there may be traders who are like that who are now too confident and won't think of managing their risk anymore. That's risky, and as the saying said " It is always better to be safe than sorry ".

There might be other much basic things to learn than risk management strategy when we are about to learn trading. It would be better to follow the proper procedures and learn them first before proceeding to much advanced lessons, so that we are sure that we are going to be more stable by the time we are now doing the actual trades.