Should I wait to have a huge capital before I start trading?

[Gooner0]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

[Miles2006]

I really don’t understand the term huge capital when trading mostly as a beginner, just earn the require amount used for consistent trade either big or small. Although as clearly seen traders with more money can always manage the market but in a situation whereby a trader depends on trading profit only makes things look difficult. Definitely trading success can’t be determined mere looking at ones capital meaning learning should be involved .

[Stepstowealth]

The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

If you are new to trading you should focus more on making sure you do not lose a lot of money during your trading decisions before you start considering the amount of money you should use in trading for a start. This is because even if you have a lot of money and still do not master how to ensure that you lose less, you would still lose all the money you have and then even if you start trading with a little amount of money but proper risk management is practiced and you have mastered the art of ensuring that you reduce your losses, you will be able to grow that little trading capital that you have invested into something bigger with just time.

[BitMaxz]

That's pretty risky if you don't have knowledge yet on trading you are going to lose your capital.

Since you are a newbie in trading why not start reading first some guides and strategies and use paper money to train yourself first before you enter to live trading.

You can start find some useful guide from this link below scroll down to technical analysis.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Then join to tradingview it has paper papermoney that you can use to test your skills and strategies.
Once you build confidence, then you can now start trading live with a small amount first.

[JeffBrad12]

just start with whatever you can afford, it's advisable to trade with small capital first anyway so you can grasp the risk you will get when trading.

using big capital risk your entire capital to blow up overnight since you don't have that much experience. starting out with large sum of money on your early journey will give you a really expensive lesson so I hope you can be spared of that .

so therefore, just start out small, build your capital by keep compounding the profit and once you feel you can actually make sustainable trades not just losing in streak, maybe increase your capital little by little.
remember, trading with big capital is different than using small capital, both psychologically and strategically speaking.

[logfiles]

Always start small until you master the art of trading or a working strategy, and then you can gradually go big. If you start big and blow off your account, you will forever have that trauma in you and even depression.

Having a small account helps you to master risk management. Even when doing paper trading, try to use small amounts like $100 instead of large amounts like $50,000.

[Gooner0]

Always start small until you master the art of trading or a working strategy, and then you can gradually go big. If you start big and blow off your account, you will forever have that trauma in you and even depression.

Having a small account helps you to master risk management. Even when doing paper trading, try to use small amounts like $100 instead of large amounts like $50,000.

And what if your small is quite not enough. ?

[hugeblack]

Trading is different from investing. As long as you are investing for the long term, starting with a large amount may be beneficial and change your financial future. As for trading, it is short-term and difficult to predict, so you need to learn, and the best way to learn is to practice, and the best practice is to start with small amounts until you master what you are doing.

[slaman29]

Its all about the risk you're willing to take and only when you're doing leverage.

I never recommend anyone to use big capital for anything. It does need to be a little more than a few dollars for sure, because all trades start against you as soon as you make it, so you need a little bit of wiggle room.

In gambling, when people have big capital, its for variance (even in 50/50 games excluding house edge you can only see 50/50 occurence in large sample, so you might get a lot of losses initially).

Think of variance in the same way as trading, even if your TA tells you one thing, and eventually gets there, the market "variance" displays something randomly off initially.

So you want to survive that on leverage, you do need a large capital.

But if you don't use leverage, and I suggest as a beginner you never do, then learn about limits. And practice only on going long. Then you don't need more capital than what you're willing to spend in your order.

[Kevystia]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

No, to start trading, you don't need a huge capital. The first thing you should have is a functioning trading strategy. After that, you can approach prop firms to get a $50,000 account or more. Capital is not as important in trading; what matters most is your strategy

[michellee]

You can start trading with the money you can afford. But the first thing you need to make sure is how good your skills to analyzes the market. Without that skills, you will not have a chance to make a profit.

If you have skills, you can starts trading with small money and increase it by making a profit. So in this matters, skills will be more important thing to start trading and not the capital.

That will depends on yourself. If you still want to use big capital, you can go with that but you need to know how to responsibly with your money.

[kizer21]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You don't necessarily need a huge capital to start trading.
Many successful traders begin with smaller amounts and gradually build their capital over time.
Here are a guide of scalping in trading properly which will help you understand  https://amerihealthcaritas.twy8.wlocl.pl/ForexTrading/SuperScalper.pdf

[Oshosondy]

The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You are new to trading. Trading is still like gambling for you. Use the amount of money that you can afford to lose to trade. Trading can be very risky like gambling, especially if a trader has no much experience yet.

My advise for you is to use small amount of money to trade. If you make money for over 2 months more than losing, you can gradually increase the trading fund. If otherwise, still be using very small amount of money to have experience.

If you have been trading for a year and still losing, quit trading.

[TheUltraElite]

Huge is a relative term. It depends on your risk appetite how much "huge" your capital needs to be.

Capital is not the only thing determining the profit. Your choice of coin and your point of entry need to be well thought out. If you have a huge capital but enter at the top, you will lose money trying to exit at a loss or have to hold for prolonged periods of time as compared to another person who has a smaller capital but entered at the very low and is able to exit easily at decent gains.

So learn how these things work, amass your capital monthly from your income and start trading.

[Wexnident]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

Just start with whatever you can afford. Unlike before, trading is way more accessible to most people nowadays and the bare minimum of it is usually easily achievable for most people. In the first place regardless of how much money you have, you'd always only want to trade whatever you can both afford and afford to lose. Not to mention suddenly entering trading with a big sum can lead to huge losses as well due to inexperience. So might as well just start small and start slow.

[bigmanik]

Firstly, if you are new to trading, you should ensure you know what you are doing and have a plan
You can't just watch a bunch of videos on the Internet and think you're ready it doesn't work. That way, you should have understood the market to some extent,if possible, have a mentor

That aside, you don't actually need a very big capital to start trading a small capital can be used if you actually do know what you are doing you can actually build up a larger capital although it will take a longer time you should ensure to use a capital you can afford to loose do not use a money you will need in the near future ensure it is a free money


As a newbie, i won't advise you to use a huge capital because there's a high probability of you losing your first capital,

You can also check this thread for some trading tips
https://bitcointalk.org/index.php?topic=5511075.msg64579993#msg64579993

[mindrust]

You can start with whatever you can afford and learn along the way. If you keep adding to your capital and do nothing, then you will have zero experience. You will lose some money at the beginning and don't let it discourage you. It is part of the game. You can't learn anything if you never lose any money. You just need to make 51% successful trades to make money. You know what they say: "Experience is the sum of our failures" The more you fail, the more you learn how to avoid failures. If you can't stomach any failures, then there is another option. You don't have to trade. Buy and hodl. It is another foolproof way of making money.

[Wind_FURY]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

If you truly want to start "trading", then learn everything the HARD WAY - You should start "trading" now with a small amount of money rather than waiting for a larger amount of capital. It will make your trading mistakes costs lower. Plus the market is in the right situation for plebs like us to get lucky. There's a higher probability that you'll buy the right shitcoin that will "go to the moon". Sell them once you're in profit though.

[Finestream]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

The success of your trades do not rely on the amount of your capital, but it's more on your knowledge and experience in the market, your skills and strategies that are proven working on your trades, and your patience and consistency in learning trading in the market more. When you have acquired all of these, you will discover then how to trade the market more wisely and successfully, even the amount of trading capital that you are comfortable using.

[Rockstarguy]

You don't need to start trading with huge capital,  what  you need to start trading is just with amount you can afford and the amount you can risk for trading because trading is risky and their guarantee that every trade will end with a good profit, it is possible for loses to occur.    Trying to save up huge amount to trade is not really necessary because you are stressing yourself and what you are trying to gather to begin trading is what you can't even easily afford. Success in trading is not about trading with a huge some of money but what really matters in trading is the understanding that you have and even with the little money that you have you can still make success.  If you lack trading knowledge, even with the huge money you have as capital I don't think it will yield a good result.