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Author Topic: What can I do to be successful in trading with my small capital  (Read 360 times)
tvplus006
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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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8rch7
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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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leonair
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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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