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Author Topic: What can I do to be successful in trading with my small capital  (Read 359 times)
Bonny070 (OP)
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February 23, 2024, 10:57:06 PM
 #1

do i need to an expert in trading before someone will be successful.
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February 23, 2024, 10:58:32 PM
 #2

do i need to an expert in trading before someone will be successful.
Pretty much yes if that small capital of yours is the only money you have. But sink into the reality that this money is likely to be gone if you want to benefit in the long run.
Treat this amount as something that will be useful to gain experience in trading and you'll learn how to read charts and learn how to do some analysis. It will take time to be successful and this probable loss with small amount of yours could just be part of it.


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February 23, 2024, 11:02:39 PM
 #3

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.

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February 23, 2024, 11:26:32 PM
 #4

do i need to an expert in trading before someone will be successful.
Trading has come to be one of the most risky part of crypto investment, even when it comes to Fx, you get to find the same amount of risk and most of this is due to the fact that, its some quick way to make money and a lot of it at that if your good at the practice.
You’ve got ti be some true professional to have any hopes of getting profits in this filed. I don’t know how many people will tell you any difference because, many readers in their newbie days to the trade tends to have there capital always sucked up by the market, it’s just how it worked.
If you’re new to trading, you just might share in the same fate.
The best you could do with yourself is to learn and practice on a demo. That would give you the edge you need ti be successful when you go live.

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February 23, 2024, 11:31:50 PM
 #5

do i need to an expert in trading before someone will be successful.
Honestly, yes. Trading is hard and risky, and any beginner trader will find it difficult to trade at a small capital and make it work. So you need to ask assistance from an expert trader so that you won’t end up losing your funds. But before you do it, educate yourself first all about trading and it’s risks and benefits. Learn all the basics and do not jump into trading unless if you’re knowledgeable enough.

Now, when it comes to skills development and enhancement, look for a reliable trader that will guide you all the way. But never expect that expert traders won’t lose, they are still susceptible to losses especially when the trading market is highly volatile and unpredictable.

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February 23, 2024, 11:37:30 PM
 #6

do i need to an expert in trading before someone will be successful.
Absolutely, you need to be an expert, particularly, an expert in day trading to be successful in trading small amounts if you want to build it up. Day trading entails beginning with a small amount of money and taking significant risks. Most day traders usually starts off risking small amounts of money on each trade to build up experience and a financial safety net.

You need to be an expert on this because your strategy would involve risking a small percentage, such as 5%, per trade to gradually increase the account size not every one can do this.

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February 23, 2024, 11:38:25 PM
 #7

Learn, experience and repeat. What do you know about trading? What is budget? Your risk management?
If you don't have any idea and experience then you will have a very long way to do that, and yes, being an expert in trading make you higher success not 99% success it's delusional to tell people always get a profit in trading.
Check this url[1] to get the basics then, watch videos the actual looks of the charts, candles, number, etc.

[1] https://www.ig.com/en/trading-need-to-knows/trading-for-beginners

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February 23, 2024, 11:40:10 PM
 #8

Being an expert in crypto trading doesn't guarantee success, but it helps stack the odds in your favor.  If you just buy some crypto without really knowing what you're doing, youll probably end up watching the charts obsessively and making panicked, risky choices that lose you money.  The crypto market is volatile AF.  Expertise arms you to handle the rollercoaster with knowledge guiding your decisions instead of emotion.  You'll still have ups and downs, but expertise helps smooth out the ride.

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February 23, 2024, 11:44:25 PM
 #9

do i need to an expert in trading before someone will be successful.
Number 1 question.

Can you afford to lose that small capital or not?
If the answer is the latter, then don't even think about trading right now. When you are still new and going to learn how to trade, the bitter truth is you are going to lose some trades at one point as you make mistakes along the way. Once you lose a trade with the last capital you had, you will become very depressed, which is not a good position to be in as a trader.

My advice is that you should first learn how to trade using spare money then as you gain experience, you can use trading as a way of earning.

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February 23, 2024, 11:53:37 PM
 #10

Having a small capital shouldn't limit you to the trading that you want to do, just make sure that you can trade the minimum amount on the exchange that you are trying to do. Maybe a multiple of 10 from the minimum to assure that you could have multiple trades and then hopefully make money with every trade that you make.

Aside from that, it's important to know how you are going to trade it and how you can be successful, it's best that you try to focus on one strategy and not be emotional.

The best approach IMO is to use a trading tool like Gunbot you might want to check it out.

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February 23, 2024, 11:56:56 PM
 #11

You can be a very good trader even with small capital, all you need to do is to trade carefully. Try to understand the market first and observe its volatility for few days before placing any trades. You should also try to master some technical indicators and start trading with 100% patience.

Don't be a greedy person when you see huge gains in start because those gains will turn into losses if market gets a crash or a huge dip. So, that's why I suggest you to slowly build up your portfolio and at the same time gain real world experience of trading.

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February 23, 2024, 11:58:37 PM
 #12

You do not need to do anything major to start profiting from trading, but you do need a ton of luck if you want to turn a small capital into a big one. Making yearly %50 or so returns would be considered good, for example in the next two years you could make that because we are in the bull period, or hope to be in one. However, if you start with a very small capital, even that much will not be enough for you and that's the problem. I think the best thing to do in this case would be ignoring all the possible things that can go wrong, and learn to be a good trader, keep your money in bitcoin along the way so you do not miss out on the bull run either. Don't try to get rich, just try to make a profit.

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OcTradism
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February 24, 2024, 02:00:03 AM
 #13

do i need to an expert in trading before someone will be successful.
With small capital and with greed to be successful, you will probably end with using leverage/ futures trading. These trading types are far more risky than Spot Trading type and it will cause you to lose all your small capital.

My advice is don't use leverage and futures trading if yo don't want to lose your small capital.

Don't chase for very promising high ROIs like x10, x100 because when you are trapped with such greed, you will find hidden scam coins. You consider them as hidden gems but mostly you will lose money to scam coins.

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February 24, 2024, 02:40:57 AM
 #14

do i need to an expert in trading before someone will be successful.
basically yes, you need it. without it, you will not be able to analyze accurately and in depth how to trade well. There are so many ways you can learn on the internet. The tips that people give will be good enough to deepen. Besides, becoming an expert in trading requires experience, so after learning these tips, you need to do it straight away. However, I recommend using as little capital as possible, so that if you make a mistake, you don't suffer a big loss. That way, sooner or later, you will probably have your own trading strategy.

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February 24, 2024, 09:36:49 AM
 #15

do i need to an expert in trading before someone will be successful.
At least you have sufficient knowledge before entering trading. Meanwhile, success means not only having to be an expert but also understanding many things in trading, but did you know that there are many people who claim to be experts but prefer to open trading courses or sell signals? that's because they know the word of an expert does not always guarantee success in trading and trading is not an easy thing to do and not everyone is suited to trading so finally they realize that making money in other ways but still has something to do with trading is easier than doing the trading itself, There is nothing at risk when opening a trading course as well as when selling signals and the profit is more certain than trading.
So you don't need to be an expert to be successful in trading, but being aware of the potential losses that can be obtained will make you careful and only trade with money you can afford to lose.

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February 24, 2024, 10:01:47 AM
 #16

Mate, I would say take a pass for trading that too with small capital because first of all you need to learn a lot for trading like learn about reading the charts and using technical indicators even if you know all these there are chances of losing in trading as it's not a guaranteed returns. Try accumulating more funds and simultaneously try learning more about trading as there are a lot of information available in open sources like YouTube but don't go with it blindly as you need to backtest the data based on strategy to know which one works and once you have figured it out then you may start trading gradually.









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February 24, 2024, 10:06:03 AM
Merited by CryptopreneurBrainboss (2)
 #17

do i need to an expert in trading before someone will be successful.
What is your goal? Is it to experiment and learn more about Bitcoin trading, or is it an investment and you are afraid of losing your capital, or are you looking for a way to make a daily income?

 - Trading is a balance between profits and losses, so that the outcome of trading is that your investment portfolio achieves growth. Therefore, losses are related to trading, but a good trader knows how to reduce those losses.

 - If your goal is to invest and you are afraid of losing your capital, it is better for you to use long-term trading investment strategies instead of trading, such as buying Bitcoin and storing it for a long time.

 - If your goal is to learn, start with demo accounts, and after gaining knowledge, start trading.

 - As for achieving a daily income, it is next to impossible for beginners.

Try to stay away from cryptocurrencies because they are high risk and buy/sell between Bitcoin & Ethereum.

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February 24, 2024, 10:11:08 AM
 #18


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.

Undiluted truth is not palatable to hear, because it's not sugarcoated with any feel good story, what you said is the undenying truth, that crypto trading is not promising, because of the high risks that leads to loses in it, it's better for the trader to have a job that guarantees steady income and let the trading to be an alternative means of generating income. Why it's not easy for a newbie trader that doesn't have sufficient capital for trading is because they can be unlucky and lose their capital in placing trade, this is why it's not good to solely depends on crypto trading as a sole source of income. I advice the OP to have an experienced crypto mentor who'll tutor him and when he has increased his knowledge, then he can start with the amount that he can afford to loose.

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February 24, 2024, 12:16:22 PM
 #19

Just do your research first. You don't have to be a trading guru from day one. Start by grasping the basics like understanding trends and managing risks. Practice with demo accounts and stay in the loop with market news. Learning and gaining experience over time can lead to success even if you're not an expert from the get-go or doesnt have an expert on your side

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February 24, 2024, 12:22:44 PM
 #20

do i need to an expert in trading before someone will be successful.

What you needed first is trading experience, you can start from somewhere by helping yourself out first before others could, you need to start learning how to trade and got the required basic foundation from reading online and on this platform to gain quick access, then you can also go as well along with the trading experts in case you could locate any to learn more, when you're about to start your own trading, make sure its what you're stating with the amount you can afford to loose.
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February 24, 2024, 12:56:02 PM
 #21

do i need to an expert in trading before someone will be successful.

You can start trading and gain experience even with a small budget. But such trading should not be considered in order to obtain any significant profit. But you should not start such trading without having enough knowledge for this, either, since you will lose your money before you have time to gain experience.

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February 24, 2024, 03:44:51 PM
 #22

do i need to an expert in trading before someone will be successful.
Yes, you have to be an expert before you can be successful. Trading is not that easy, and it’s not what you will start expecting quick money from. You will need to learn and put everything you have learned into practice. You will discover a strategy that you will be using to trade by yourself and see how effective your strategy is. The mistake some newbies do make is that they think they can just start trading and they will start making money easily, but trading is not like that.
 
If you are trading, you don’t need a lot of money to do that, even with a little capital, you can start trading, but you should always know that the higher your capital, the higher your profit. You can’t use a little capital to start trading, and you will expect the same profit as the person who used a lot of capital.

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February 24, 2024, 04:24:50 PM
 #23

Personally, most difficult to earn much profitable in trading with small capital and not matter how smart when reading indicator and accurate predicting about some coins during not support yet large capital. Spot trading very difficult to earn much profit and very risk when trying with future trading has potential increasing faster profitable, for small capital need more patience and keep accumulate profitable for reinvesting.

basically yes, you need it. without it, you will not be able to analyze accurately and in depth how to trade well. There are so many ways you can learn on the internet. The tips that people give will be good enough to deepen. Besides, becoming an expert in trading requires experience, so after learning these tips, you need to do it straight away. However, I recommend using as little capital as possible, so that if you make a mistake, you don't suffer a big loss. That way, sooner or later, you will probably have your own trading strategy.
Its not mean about expert but how to make research firstly before trading in some coins, many fatal mistake made by trader without researching firstly although they are an expert in trading and not looking the potential coins price have drastically up or still on support price. To be success in trading had much experience and we can learn more how to minimize mistake when trading from keep more patience until not hurry up for selling or buying coins.

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February 24, 2024, 05:37:12 PM
 #24

do i need to an expert in trading before someone will be successful.
Yes you need to be expert in trading to get profit. it doesn’t matter how big your capital.
Big Capital = Big profit /Loss
Less Capital = less profit /loss.

So here if you are expert then you will get profit but if you not expert then loss will wait for you. that's it.



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February 24, 2024, 06:18:11 PM
 #25

do i need to an expert in trading before someone will be successful.

Yes, you need to be an expert to be successful, however being an expert doesn't mean you'll have a 99% success rate. Don't be carried away by what you see on social media, trading is not as easy as it's been portrayed. Every expert trader at some point took their baby steps, so take your time to learn the fundamentals of trading, read books, watch videos and test yourself with some demo trades before giving it a shot.

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February 24, 2024, 06:32:41 PM
 #26

What you do first to trade is to learn basic techniques and understand, apart from that you have to invest some money in learning to gain your trading experience, you have to be patient with your learning process, read often and do your own research on the coins you want. trade, if you want to become a day trader you have to take advantage of the right moments

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February 24, 2024, 06:36:47 PM
 #27

do i need to an expert in trading before someone will be successful.

Yes, you need to be an expert to be successful, however being an expert doesn't mean you'll have a 99% success rate. Don't be carried away by what you see on social media, trading is not as easy as it's been portrayed. Every expert trader at some point took their baby steps, so take your time to learn the fundamentals of trading, read books, watch videos and test yourself with some demo trades before giving it a shot.
To become someone who is successful in trading, it will be a long journey and process. Some of them even spend years to really be able to say successful in trading, it all requires patience, perseverance and also real effort. If we are lazy in learning every thing related to trading then don't expect to become a successful trader.

Capital is one of the things that must be owned when you want to start trading, and it is advisable that the money is really intended for it. But if you bring small capital, don't be too hopeful about getting big profits too. We have to adjust the capital we bring with the profit we have to get.

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February 24, 2024, 06:37:43 PM
 #28

do i need to an expert in trading before someone will be successful.

How much amount for you considered as to be successful? There is nothing like being successful in trading. Human needs never come to an end. You will always be hungry for more profit. But as you stated you have small bankroll, then i would suggest you to gain knowledge first. Watch videos, do demo trades and gain confidence. Once you become familiar with the market, dive into it by taking smaller risks. In this manner you can make good profits.

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February 24, 2024, 09:17:01 PM
 #29

do i need to an expert in trading before someone will be successful.
If you are lucky you do not have to wait, however are you willing to risk your financial future on an activity you are completely clueless about? That being said, you cannot really become an expert trader by just reading books, as you need to gain experience by actually trading the markets and experiment what are they like, while at the same time you keep increasing your skills and improve your trading strategy as well, however you can become a competent trader before you even make your first trade, if you really take the time to learn from books.

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February 24, 2024, 09:29:28 PM
 #30

do i need to an expert in trading before someone will be successful.

You can start trading and gain experience even with a small budget. But such trading should not be considered in order to obtain any significant profit. But you should not start such trading without having enough knowledge for this, either, since you will lose your money before you have time to gain experience.
Its always advisable to start trading at a small amount of capital most particularly if you are still in the learning process. It’s like you don’t trade to profit here but to gain experience first and to familiarize the real scenario when trading. However, as you’ve gained knowledge and experience in trading, you will see progress in the outcomes of your trades. But it can never guarantee that trading will always be in your favor and make decent amount of profits. You have to endure losses at some point which I think becomes inevitable in trading.

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February 24, 2024, 10:17:01 PM
 #31

do i need to an expert in trading before someone will be successful.

    If you don't have a job and you're thinking of making trading a job like being in a company, I think you're going to have a bit of a hard time. Because of a company, even if you study their trends or familiarize yourself with your work, you can now be their consider employee where your meter or rate is running immediately every day.

    Unlike trading, it's not like that; in short, you can't get an immediate profit from trading unless you can suddenly pump what you're buying, whether it's crypto or bitcoin. In short, in trading, you have to invest if you want to earn, but you have to spend time and effort to learn before that happens.

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February 24, 2024, 10:47:01 PM
 #32

do i need to an expert in trading before someone will be successful.

How much amount for you considered as to be successful? There is nothing like being successful in trading. Human needs never come to an end. You will always be hungry for more profit. But as you stated you have small bankroll, then i would suggest you to gain knowledge first. Watch videos, do demo trades and gain confidence. Once you become familiar with the market, dive into it by taking smaller risks. In this manner you can make good profits.
I couldn’t agree more. Success in trading is never certain, and as much as you aim to succeed, the amount of profits will never serve you contentment but you will always long for bigger profits, and that’s normal since we are greedy in nature. Now, if you decide to trade at a small risk with small capital, how sure you are that you won’t lose them in the end. My advice is to seek knowledge and skills first before you jump into trading. Trading itself requires a long term preparation, and with that long term planning, there’s still no assurance that you will end up winning.

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February 24, 2024, 10:50:47 PM
 #33

do i need to an expert in trading before someone will be successful.
An expert in trading don't just come so easily like you sound, you need time to learn and also sacrifice must be needed like money, time, patience etc. Mostly as a beginner, you'll spend to acquire trading skills/knowledge, besides crypto trade needs an income stream not just with little amount. Trading don't need a fixed amount for earning fast profit, with your topic I think you should focus more on learning before entering the market cause you definitely need to acquire the knowledge first before you earn, don't go with the mindset of winning your first trade.

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February 24, 2024, 11:13:57 PM
 #34

do i need to an expert in trading before someone will be successful.
If you are lucky you do not have to wait, however are you willing to risk your financial future on an activity you are completely clueless about? That being said, you cannot really become an expert trader by just reading books, as you need to gain experience by actually trading the markets and experiment what are they like, while at the same time you keep increasing your skills and improve your trading strategy as well, however you can become a competent trader before you even make your first trade, if you really take the time to learn from books.
Experience will be your best teacher in trading, but of course you have to do some prior reading to increase your knowledge about trading. Trade only when you think you’re confident and competent enough, even if it means losing still. But the fact that you lose, you also gain experience and learn from your mistake. That way you will have ideas how to avoid future mistakes in trading. But trading and losing consistently is never good already. You have to lose but not in a consistent basis, otherwise you are still doing the wrong thing in trading. If you never change and improve that, you will end up ruining your finances in trading.
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February 25, 2024, 02:12:42 AM
 #35

do i need to an expert in trading before someone will be successful.
For me, no. Some traders in cryptocurrency started from nothing. Zero to hero.
Some also started only to learn by themself on the internet, just like me.

Overall, the first is to educate yourself, start small, it's fine, and have effective capital management.

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February 25, 2024, 03:23:38 AM
 #36

do i need to an expert in trading before someone will be successful.

Theoretically you need to make profits from your trades to convert your small capital into big one but from a realistic point of view it is not possible since crypto is volatile so you can trust the strategies, and signals and make your own price predictions with your technical analytic skills but at the end of the day the future is unpredictable so you never know what happens and all you can do is to focus on building the strategy that most probable to give you profits.









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February 25, 2024, 04:21:15 AM
 #37

do i need to an expert in trading before someone will be successful.
op First of all you need to gain enough knowledge about trading if you don't gain enough knowledge about trading then you won't get much trading success. Before trading you must have enough knowledge about the market if you make a wrong decision you can face loss. You must invest patience in trading, if you trade impatiently with very short time, then you will not get much success through that trade. Of course, you should have a long-term plan for trading.

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February 25, 2024, 04:24:07 AM
 #38

Only advice I can give you right now is to avoid leverage.

Sure 100x is nice and with a small $100 account you can enter a $10,000 position size and if you are correct you can make tons and tons of money. But the reality is that all it takes is a small move against you and you will hit your maintaince margin and get liquidated.

So avoid leverage at all costs.

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February 25, 2024, 05:20:18 AM
 #39

do i need to an expert in trading before someone will be successful.

Here are some points of consideration

*Start with the basics
*Start with demo trading
*Dont touch leverage or future (just like on what most people been recommending)
*Dont rush up yourself on learning things
*Minimize risks or losses as possible
*Dont get easily Fomo'ed or being fudded
*Make those mistakes or errors to be your learning
*Experience is needed

You would really be able to make yourself that way more better on the time that you would be able to gain experience.
Just dont make yourself in a hurry i should say.

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February 25, 2024, 05:45:37 AM
 #40

do i need to an expert in trading before someone will be successful.
Yes, you may not need to be an expert, but you need to have enough knowledge about the market and trading practices to gain success in trading. You can't expect to know anything at all and still become successful as a trader unless you are thinking of relying on other people to help you with every single thing, especially every single trade that you make by following their tips and signals which isn't a recommended way for doing this.
When you get into a financial market intending to earn money from it, your first step should be to learn the market and practices that are required to gain success in it, only then you can stand a chance to fulfill your wishes. Otherwise, all that you will get is disappointment.

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February 25, 2024, 07:10:03 AM
 #41

What you do first to trade is to learn basic techniques and understand, apart from that you have to invest some money in learning to gain your trading experience, you have to be patient with your learning process, read often and do your own research on the coins you want. trade, if you want to become a day trader you have to take advantage of the right moments
Yes, by learning first about trading and understanding well about trading, it is certainly a very important thing to do for those who want to start trading, even those who already have experience are still learning about trading in order to gain profits in trading, we must be able to go through several stage to be able to trade well and we have to be patient in every process we have to go through, entering the market at the right time will be able to get profits from the trades we make so it is very important to be able to understand trading correctly before starting to trade and always Use capital according to your abilities and never do it greedily which results in losses in trading.

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February 25, 2024, 07:36:16 AM
 #42

do i need to an expert in trading before someone will be successful.

Theoretically you need to make profits from your trades to convert your small capital into big one but from a realistic point of view it is not possible since crypto is volatile so you can trust the strategies, and signals and make your own price predictions with your technical analytic skills but at the end of the day the future is unpredictable so you never know what happens and all you can do is to focus on building the strategy that most probable to give you profits.

Cryptocurrency are volatile but it's because of this that making profits in cryptocurrency is easy and also losing is more easy because when you don't know how the market works, you'll keep making mistakes. To become successful in trading with small capital you need to be consistent with your trading strategy, don't change strategy but continue using the one that's working for you. Don't invest too much money when trading, if you have a capital of $100 don't use more than $10 to trade so you can have more than 10 tries just Incase some trades didn't make you profits. Don't trade unknown cryptocurrency but the top ones that won't be very volatile. The newer coins will be volatile as there isn't enough volume yet in the market and they can be manipulated easily.

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February 25, 2024, 07:49:29 AM
 #43

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.



 

 

 

 

 

 


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February 25, 2024, 10:06:07 AM
 #44

Trading is very risky. Beginners have the possibility of losing everything because beginners trade without knowing the risks and strategies of trading. Trading requires knowing the right skills and strategies. If you are a newbie then I would say you should learn trading first then invest otherwise you may lose your small capital.  And in terms of investing, try to do it in BTC. Even if you do it on alt coin, meme coin, do it knowingly and then. Because they are scams almost all the time.

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February 26, 2024, 07:52:33 PM
 #45

yes you need to be an expert and have adequate skills so that you can be successful as a trader, but if we talk about small capital it seems difficult because you have to have experience first and to get it you have to trade with your money, most beginner traders will losses in the early stages
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February 26, 2024, 08:57:39 PM
 #46

do i need to an expert in trading before someone will be successful.

Theoretically you need to make profits from your trades to convert your small capital into big one but from a realistic point of view it is not possible since crypto is volatile so you can trust the strategies, and signals and make your own price predictions with your technical analytic skills but at the end of the day the future is unpredictable so you never know what happens and all you can do is to focus on building the strategy that most probable to give you profits.

Cryptocurrency are volatile but it's because of this that making profits in cryptocurrency is easy and also losing is more easy because when you don't know how the market works, you'll keep making mistakes. To become successful in trading with small capital you need to be consistent with your trading strategy, don't change strategy but continue using the one that's working for you. Don't invest too much money when trading, if you have a capital of $100 don't use more than $10 to trade so you can have more than 10 tries just Incase some trades didn't make you profits. Don't trade unknown cryptocurrency but the top ones that won't be very volatile. The newer coins will be volatile as there isn't enough volume yet in the market and they can be manipulated easily.
Consistency and having that patience on which this two would be a great tandem that you should really be sticking with. Also, the best thing you could really be having is that you shouldn't really be that making yourself that too much in a rush on learning up things. Just take it slow and since  you are only having that small amount of capital then try your best to make it longer or make it worth. Incase you do bust up which at least you are really that making those learnings for yourself on which it would really be that helpful or something that could really be benefits you on longer runs. When you do have that small capital then try your very best on making it bigger
or having some progressive increase at least on which this do really shows that you are doing pretty well with your trade, but of course this isnt something easy to be able to achieve such thing
but its not something impossible though.

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February 26, 2024, 09:09:46 PM
 #47

yes you need to be an expert and have adequate skills so that you can be successful as a trader, but if we talk about small capital it seems difficult because you have to have experience first and to get it you have to trade with your money, most beginner traders will losses in the early stages
Success in trading means you can profit from your trading activities. It's up to you what your budget is and how much profit you make from it - success is when you close a trade with a profit. A small budget will become a big one when a trader knows how to do it. In trading there are only two things you always need to know, namely support and resistance and of course traders must be able to analyze them well.

You don't need to be an expert to profit from the markets - but you just need to know the basics of trading and good analyze skills will differentiate you from the gamblers. This means you don't just hope for luck from price volatility - but you try to find gaps and the best times to enter and exit.

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February 26, 2024, 10:56:54 PM
 #48

yes you need to be an expert and have adequate skills so that you can be successful as a trader, but if we talk about small capital it seems difficult because you have to have experience first and to get it you have to trade with your money, most beginner traders will losses in the early stages
Expertise and mastery in the market will help you become a profitable trader. But it takes time before you can reach this position. Study the market first and acquire necessary knowledge and develop skills and strategies that will suit your trading style. Do demo trading so you can be familiar how the market works, and when you see yourself ready to take live trading, then start with small capital. Trading for beginners is hard and is more susceptible to losses, but if you persistently trade even with small losses, you will see progress and make a you a proficient trader in the process.

R


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February 26, 2024, 11:53:16 PM
 #49

yes you need to be an expert and have adequate skills so that you can be successful as a trader, but if we talk about small capital it seems difficult because you have to have experience first and to get it you have to trade with your money, most beginner traders will losses in the early stages
Expertise and mastery in the market will help you become a profitable trader. But it takes time before you can reach this position. Study the market first and acquire necessary knowledge and develop skills and strategies that will suit your trading style. Do demo trading so you can be familiar how the market works, and when you see yourself ready to take live trading, then start with small capital. Trading for beginners is hard and is more susceptible to losses, but if you persistently trade even with small losses, you will see progress and make a you a proficient trader in the process.
To add, even the OP has the guide of the expert in trading I don't think that expert in trading will just do it for free unless that trader is willing to help without payment, and also the OP can't follow the trade what those experts do because they are more high stakes as they have funds for that, maybe the OP could do community trading, where in he should find a community of traders where experts and beginners grouped and they are sharing their trading techniques and sharing some tips and tricks and also some signals for the specific market and the good thing from that those traders will explain why they came up with that analysis, from that the OP will surely learn a lot from that added with socializing with other traders, more traders to know means more connection and it could be beneficial for the OP. The OP still has a long way to go before he can become a fine trader. The OP should invest in time and effort to learn different things in trading.

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February 27, 2024, 09:47:50 AM
 #50

Re: What can I do to be successful in trading with my small capital
  • Learn how to trade first 
  • Then increase your capital
  • Or you keep growing your small capital with patience and persistence

do i need to an expert in trading before someone will be successful.
Yes, you definitely need to be an expert before you will become successful. Even some experts are not successful. Success is measured if your wins exceed your losses over a long period of time. Not all experts are actually successful in trading.

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March 01, 2024, 08:51:38 PM
 #51

do i need to an expert in trading before someone will be successful.

Why the rush to start trading immediately when you lack expertise to trade effectively? With your small capital and little or no expertise, there are high chances that you will burn the little capital you have.  These things are common to beginner traders, that is why traders are advised to start trading with small amounts first, with time they can increase the amount they trade with.  This is just to help reduce the risk of making huge loses. It doesn’t mean you can't trade with small amounts but the risk of losing that small amount is high.

Now the question is, what happens if you lose the little amount you intend to trading with, does it mean you will stop trading till you are able to raise another capital? I advise you devote more time to learning. While learning, try raising a good amount to start trading with. You can't be struggling with inadequate knowledge and small capital too, equip yourself first before you start trading.

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March 01, 2024, 09:06:40 PM
 #52

do i need to an expert in trading before someone will be successful.
If we’re talking about successful here then it’s not always about being an expert but it is being a responsible trader and a knowledgeable one. We know the risk of this market and trading is not a quick scheme to make money. If you are going to do trading at a small capital, just take things slowly and don’t rush yourself to make big profits, just be realistic until you master your own trading strategy.

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March 01, 2024, 09:53:28 PM
 #53

How much is that small capital that you have? And if you're insisting that you need an expert, these experts will milk you out.

That's why just ask tips on forums like this for free on what to do. So, first remove that thought of getting an expert. That small capital of yours is likely going to be eaten by the entire market's bigger players at your first try so should you trade, accept that you're going to lose at your first try.

Many good traders are saying that you should have that loss as your enrollment on the market if you want to thrive here.



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March 01, 2024, 10:31:34 PM
 #54

do i need to an expert in trading before someone will be successful.
If we’re talking about successful here then it’s not always about being an expert but it is being a responsible trader and a knowledgeable one. We know the risk of this market and trading is not a quick scheme to make money. If you are going to do trading at a small capital, just take things slowly and don’t rush yourself to make big profits, just be realistic until you master your own trading strategy.
Successful trading only comes to those who really know exactly what they are doing. Not only being knowledgeable but skillful as well, and most importantly being patient in the market while waiting for the best opportunity to trade. You don’t need to be an expert to be profitable with trading, being good and responsible enough is already fine as long as you know your risk tolerance in trading.

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.
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March 01, 2024, 11:35:39 PM
 #55

How much is that small capital that you have? And if you're insisting that you need an expert, these experts will milk you out.
The expert traders became experts from practice and not miraculously because it did not just happen in a day. Some of these expat traders who are greedy would form up signal groups where they would want to be mentors and offer signals to people like you who are seeking their services for an amount of money. If you want to be successful in dreading you have to ensure not to become dependent on these kind of experts and their signals from the signal groups. To be a successful trader in the future, you need to strive to be independent.

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March 01, 2024, 11:36:22 PM
 #56

is the market bull or bear?
bet accordingly
use stops :-)
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March 02, 2024, 09:56:10 AM
Last edit: March 02, 2024, 10:56:17 AM by boyptc
 #57

is the market bull or bear?
bet accordingly
use stops :-)
We're already in the bull run and there's no need to bet on the market itself but on the coins that you want to hold.

But it's true to use stops, especially to the traders out there and mostly to the ones that does trade in the futures. Always use a limit and stops so that you're not going to be problematic with your exit plans.

Not wholly going to take an exit out of the market but for some specific trades that you're going to do.

How much is that small capital that you have? And if you're insisting that you need an expert, these experts will milk you out.
The expert traders became experts from practice and not miraculously because it did not just happen in a day. Some of these expat traders who are greedy would form up signal groups where they would want to be mentors and offer signals to people like you who are seeking their services for an amount of money. If you want to be successful in dreading you have to ensure not to become dependent on these kind of experts and their signals from the signal groups. To be a successful trader in the future, you need to strive to be independent.
And the real experts out there are just silent and won't really get to say anything with their strategies. No one that had worked hardly for that strategy will easily share the trade secrets he discovered.



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March 02, 2024, 06:47:08 PM
 #58

...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.

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March 02, 2024, 07:59:18 PM
 #59

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.

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March 02, 2024, 08:10:17 PM
 #60

do i need to an expert in trading before someone will be successful.

There are many ways you can make your capital blow big but the question is, do you even know how to trade? Do you know how to follow the trend, do you know how to use technical and fundamental analysis on trading. If you do and it's the money that you lack, here is what you should do:

Margin trading: In this type of trading, with your small capital the exchange will borrow you money to trade any coin of your choice but the leverage is not more than 10x, this means you can get upto 10x of your capital so you can use it for trading but as a new trader into margin, the max they give is usually just 3x just to protect you from liquidation. You need to understand that liquidation is unavoidable if you don't know how to trade properly and make use of risk management.

Future trading: This one is like margin but different, you can use any leverage upto 25x to trade where contracts bind two traders of opposite opinion of shots and long. If you believe that a coin will go up, you will long on that position and then the exchange will bind you with another trader that think the coin will go down but don't forget it's very risky because liquidation can make you lose everything if your margin reduces.

I might have advice you to try these options but as a friend, I will advice you to make money and face spot trading, it's the only trading that is less riskier. The rest I mentioned above are highly risky and you can lose everything if you don't understand trading.

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March 02, 2024, 10:34:02 PM
 #61

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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March 02, 2024, 10:42:14 PM
 #62

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.

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March 03, 2024, 01:09:18 AM
 #63

 Cool 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.  Kiss

 
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March 03, 2024, 10:25:21 AM
 #64

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.



 

 

 

 

 

 


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March 07, 2024, 09:26:25 AM
 #65

...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.

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