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

[Futurexxx]

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?

When talking about trading and the amount of money that is best used to execute a trade, the first thing that should come to your mind is using an amount of money that you can afford to lose, so I want to ask you, can you afford to lose the huge amount of money in question without it having a significant impact in your finance?
If it's a money you can afford to lose, then it's ok, but if it's an amount you cannot afford to lose, then I Advice you reduce it drastically to an amount you are will to lose, so that if it goes against you, you wouldn't be bothered at all.

Furthermore, I suggest that as a newbie trader, the best thing you can do for yourself is to invest in yourself in acquiring more knowledge on technical and fundamental analysis and all that is required to be a profitable trader, not by diving into the market when you have only little or no knowledge about the craft.
Another suggestion I have for you is to practice with demo trading for now till you have more clue about the market before diving in with your hard earned money.

[Xcode7]

If you have big capital that is why you need to start trading with big amount it's also not good move, it's depend on experience how much do you know about trading then capital can be big or small, but a newbie traders should not trade with big amount, they need to start small amount and day by day your experience will give you confidence to start with big capital.

I think if we want to trade, we should use enough money that we can lose, in fact trading is a learning process that involves mistakes in analysis, with small capital we can learn and apply the principles of risk management from the mistakes we make without experiencing much greater losses. Over time with experience and with the small successes you go through, novice traders can build their confidence. After feeling more comfortable and having a better understanding of the market, they can consider increasing their capital in the future.

It is indeed very important for a trader to be able to use funds that they can afford when experiencing losses when trading and choosing to use small capital first in practice is certainly very good and when we have been able to understand it well, then we can use large capital according to our own abilities.
To be able to have a good experience about trading, of course, you must have patience when going through the process of learning to trade because if someone cannot survive the learning process, of course they will leave trading in a state of loss and for some people who already have a good understanding of the market, of course they will be able to make a profit from the trading.

[WeedGoW]

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?

Capital for trading is very important. It will be foolish to take more capital in those who join new trading. Those who are professional level traders have benefited by earning a lot of profits to run with small capital and now they are successful traders and big traders. So if you’re doing new trading, you must invest small money with small money. And this small investment will increase you a lot in one time inshaAllah. You’ll never understand the trading issues well and experience you’ll need to gain experience. You want to make trading good profits.

[Mame89]

No, it's better to start with a small amount, gain experience, and refine your strategy. Even better, you can start with a demo account and learn there before investing large amounts in crypto. Your capital can grow just as quickly as it can shrink due to risks, so only invest what you can afford to lose

In my opinion, a demo account doesn't really help us to improve our trading skills, so if I have to choose, starting with a small amount of money is better than a demo account, even though the money used is small, there is pressure on us so that we will learn seriously and continue to evaluate losses and profits so that our skills will continue to improve.

But for some people, learning from a demo account may work, but for others it doesn't because of the emotional aspect of trading. Because with a demo account, you won't feel much because it's not real money or a funded account. So it's back to each individual, using a demo account is also good, using a little money first can also be used while learning and evaluating mistakes as you said.

But what is clear in crypto trading, you need a lot of learning and a strong mentality. If you are still hesitant to trade, never try before you have confidence and have knowledge. But in my personal opinion, a demo account is like an athlete who needs to train before competing. So to achieve success in fighting, you have to go through the training process.

[tvplus006]

But for some people, learning from a demo account may work, but for others it doesn't because of the emotional aspect of trading...

The main disadvantage of a demo account is the lack of fear of losing your deposit, which leads to excessive confidence, which can later lead to loss of money when trading on a live account. But at the same time, trading on a demo account can help a beginner to get acquainted with the platform and test trading strategies.

[Koadharber]

No, it's better to start with a small amount, gain experience, and refine your strategy. Even better, you can start with a demo account and learn there before investing large amounts in crypto. Your capital can grow just as quickly as it can shrink due to risks, so only invest what you can afford to lose

In my opinion, a demo account doesn't really help us to improve our trading skills, so if I have to choose, starting with a small amount of money is better than a demo account, even though the money used is small, there is pressure on us so that we will learn seriously and continue to evaluate losses and profits so that our skills will continue to improve.

Actually demo trading is still relevant or something that will be also useful but it will really be just that only good for having that kind of awareness or knowledge about technicality aspects. Yes, its true that there indeed things on which it cant really be that gained through demo account but when it do speak about on the real learnings specially includes emotional handling then this is will really be that gained through real trading with having that real balance. We do know that this isnt really that needed up for you to have bigger capital directly when you are really just that starting up on trading on which this will really be that giving out that kind of urge that you should really be that learning it immediately.

[leonair]

But for some people, learning from a demo account may work, but for others it doesn't because of the emotional aspect of trading...

The main disadvantage of a demo account is the lack of fear of losing your deposit, which leads to excessive confidence, which can later lead to loss of money when trading on a live account. But at the same time, trading on a demo account can help a beginner to get acquainted with the platform and test trading strategies.

You are right, one can never learn trading by trading demo account, from here only how to buy and sell, set profit and top loss can be learned, but it is never possible to become an expert in trading by trading a demo account, but those who learn trading from demo account, they can take large amount of trades there and they become a habit, later they use big capital in real trading also in the beginning and they are very fast. Lose a lot. Using a demo account to learn trading is unwise rather it is more beneficial to learn trading by doing real trading with small amounts. I don't know who plans to learn trading with a demo account.  I have never seen anyone I know learn trading with a demo account and do well in real trading

[tottong]

Losses are something that every trader has to go through and this happens even more to beginners. I have never seen a trader who has never lost or can become a professional trader without experiencing any losses. Therefore, using the smallest amount of capital is always the top advice that any new trader needs to know.

In trading and investing, large capital is an advantage because it can bring us more profits, but that is only true if we have enough knowledge and experience in the market. On the contrary, if we don't have much experience and knowledge, it will only make us go bankrupt faster.

That's what I said before because almost most traders cannot guarantee profits all the time in trading so they try to find the right strategy to minimize it.
Most beginners are motivated to make a profit in trading and they do not understand the conditions that will occur at all so that when they want to start, a much better step is to use a smaller amount of capital first.
They can continue to increase capital in trading after gaining experience so that even though they get losses on the way, they can be much more prepared to face pressure.

Also, the most important thing is that they can slowly recover losses in previous trades.
Large capital is indeed profitable, but if you do not understand trading well, the capital will also run out due to losses.

[Fredomago]

But for some people, learning from a demo account may work, but for others it doesn't because of the emotional aspect of trading...

The main disadvantage of a demo account is the lack of fear of losing your deposit, which leads to excessive confidence, which can later lead to loss of money when trading on a live account. But at the same time, trading on a demo account can help a beginner to get acquainted with the platform and test trading strategies.

Yes, it's true that the possibilities that you'll build too much confidence and bring that same thing when dealing with live accounts. It can ruin your finances once you encounter mistakes, though there's a good impact if you keep doing your best working with ideas and how will you execute everything, those patterns and strategy may help but with cautions in using real money, it's still your own take and decision making when you step your way inside this venue of investment.

[Berryfolia]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

[virasisog]

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're just starting up it is better to only use what you could afford to lose.
It isn't really advisable for newbie's to jump in with a huge capital since they are just starting and experiencing it for the first time.
Experience is the best teacher that we could have so they would surely fail first and should learn from their mistakes.
Don't let those first mistakes be so expensive so only start with small amount till you know to yourself that you are ready enough to risk a higher amount.

[Oluwa-btc]

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?

Trading doesn't necessarily needs you to start up with a huge sum or huge capital as you call it but it's required that you go in with what you can afford to lose possibly starting small is cool I would say cause keeping track of losses at that early stage is something anyone wouldn't find funny doing. So just start trading with the amount you can afford at that moment and be patient enough to understand the side plays that trading brings, it's not advisable to start with big amount, as a beginner you may not be that experienced to know how it works so start small.

[WatChe]

In my opinion, a demo account doesn't really help us to improve our trading skills, so if I have to choose, starting with a small amount of money is better than a demo account, even though the money used is small, there is pressure on us so that we will learn seriously and continue to evaluate losses and profits so that our skills will continue to improve.

Demo account or paper trading is good for learning prior to actual trading. We need to keep this thing in mind that we learn trading when we start doing it with real money. If you are new to trading then you must start with small amount, don't make this mistake of jumping with huge capital if you are new to trading. In start everyone of us make mistakes which result in loss and the loss gets heavy if your capital is heavy. Better start with what you can afford to lose.

[CageMabok]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Starting trading with a small amount of capital is one option not to make ourselves stressed when experiencing losses, because for beginners who want to start a trade they should do it in spot trading where when they lose at least they still have assets to store and can wait for the price to increase again in the market. But if they immediately try it in the future trading section without more basic knowledge about themselves, of course they have put themselves in a fairly risky job because there wrongly setting price predictions will immediately cause losses and even lose their money.

[Zadicar]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Starting trading with a small amount of capital is one option not to make ourselves stressed when experiencing losses, because for beginners who want to start a trade they should do it in spot trading where when they lose at least they still have assets to store and can wait for the price to increase again in the market. But if they immediately try it in the future trading section without more basic knowledge about themselves, of course they have put themselves in a fairly risky job because there wrongly setting price predictions will immediately cause losses and even lose their money.

If you dont have that small capital then you can start up with demo trading and trying out to have some familiarization on everything but just like on what been said that anything could really be that not complete specially on emotional aspect on which this isnt something that you can be able to learn on demo funds but rather you will be able to learn up other aspects. If you do have already that small amount of money then you can start up on doing trading with smaller amounts on which this will really be that good on trying out to make your knowledge a little bit more better as you do go forward. It doesnt really need up that huge capital because even if you do have that big capital but you dont have the knowledge then you would really be still busting up in the end and this is what it do really looks like to happen likely.

[Wind_FURY]

But for some people, learning from a demo account may work, but for others it doesn't because of the emotional aspect of trading...

The main disadvantage of a demo account is the lack of fear of losing your deposit, which leads to excessive confidence, which can later lead to loss of money when trading on a live account. But at the same time, trading on a demo account can help a beginner to get acquainted with the platform and test trading strategies.

 👍

The lesson to be learned there, hopefully not the hard way, is that what matters most in "trading" is psychology, and understanding how THAT affects the price movements of an asset or what makes the market bullish or bearish.

A person trading with a demo-account won't learn THAT important part of "trading", and like what you posted - the person will have OVER-CONFIDENCE. The sort of person who would absolutely lose all his/her money.

[Bushdark]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Op need to keep learning how to trade maybe with real account but not with huge amounts of money. He can start with just $10 and keep learning and to utilize small amounts of money and grow it to a bigger one. Trading is learning learning so we can keep having a better result as time goes on. If anyone decides to use hige amount of money to trade after making use of demo trading, the person might end up blowing their accounts because their will be so many forces that will be distracting the person to the extent that he might end up losing their funds after dome couples of days. Learning how to trade is not easy and one need somebody that is good in trading for years to get things right.

[Wind_FURY]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Op need to keep learning how to trade maybe with real account but not with huge amounts of money. He can start with just $10 and keep learning and to utilize small amounts of money and grow it to a bigger one. Trading is learning learning so we can keep having a better result as time goes on. If anyone decides to use hige amount of money to trade after making use of demo trading, the person might end up blowing their accounts because their will be so many forces that will be distracting the person to the extent that he might end up losing their funds after dome couples of days. Learning how to trade is not easy and one need somebody that is good in trading for years to get things right.

I believe not.

Because OP has LIMITED experience, who would merely lose his money, or part of his money, he/she probably should either - DCA little by little with his limited capital, or SAVE his salary and wait for the next bear market and BUY THE DIP when, during the bear market, the price of Bitcoin goes near, or touches, or go under the 200 Weekly Simple Moving Average.

It's for OP to use which strategy makes him feel less stressed and less anxious.

[dunfida]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Op need to keep learning how to trade maybe with real account but not with huge amounts of money. He can start with just $10 and keep learning and to utilize small amounts of money and grow it to a bigger one. Trading is learning learning so we can keep having a better result as time goes on. If anyone decides to use hige amount of money to trade after making use of demo trading, the person might end up blowing their accounts because their will be so many forces that will be distracting the person to the extent that he might end up losing their funds after dome couples of days. Learning how to trade is not easy and one need somebody that is good in trading for years to get things right.

Demo- technical indicators familiarization/ market movement behavior and other similar aspects.
Live - Use small amounts - applying on what you have learned on demo trading
        1. Enhance more your emotion
        2. Applying risks management
        3. Making sensible decisions

On the time or moment that you do make out that small capital on gradual increase, then it do really shows up that you are really that doing well with your trading and thats the right approach.
You wont really be needing up that huge capital before you can be able to start up trading and it would really be that ideal on having this kind of set up on which making use of small amounts rather than on bigger ones because it will really be that limiting out that potential losses that you can have. We do know that on the time or moment that you have that kind of impatience on which you would be directly making use of bigger capital but your knowledge and skills isnt that still that good then you would definitely be ending up on losing up that huge amount of money.

[Wind_FURY]

It is not even advisable to trade with huge amount most especially if you still novice in trading but you can as well trade with amount you can affford to lose because trading is something you cannot predict,Trading on it own is risky,then investing huge capital on a trade that you cannot foretell the future occurrence is like putting yourself in a shock that you will not be able to absorb.Even with your your technological know-how and experience gather don’t trade with huge capital,start with small amount.

Op need to keep learning how to trade maybe with real account but not with huge amounts of money. He can start with just $10 and keep learning and to utilize small amounts of money and grow it to a bigger one. Trading is learning learning so we can keep having a better result as time goes on. If anyone decides to use hige amount of money to trade after making use of demo trading, the person might end up blowing their accounts because their will be so many forces that will be distracting the person to the extent that he might end up losing their funds after dome couples of days. Learning how to trade is not easy and one need somebody that is good in trading for years to get things right.

Demo- technical indicators familiarization/ market movement behavior and other similar aspects.

Live - Use small amounts - applying on what you have learned on demo trading
        1. Enhance more your emotion
        2. Applying risks management
        3. Making sensible decisions

On the time or moment that you do make out that small capital on gradual increase, then it do really shows up that you are really that doing well with your trading and thats the right approach.

You wont really be needing up that huge capital before you can be able to start up trading and it would really be that ideal on having this kind of set up on which making use of small amounts rather than on bigger ones because it will really be that limiting out that potential losses that you can have. We do know that on the time or moment that you have that kind of impatience on which you would be directly making use of bigger capital but your knowledge and skills isnt that still that good then you would definitely be ending up on losing up that huge amount of money.

There are many posters in BitcoinTalk that give those sorts of "advice" as if it will truly give OP actual success in "trading".

Ser, pardon me for asking, and I'm not trying to offend you. I'm merely pretending to be the cynical alter-ego of OP. - What's the probability of OP to be a successful trader if he/she follows your advice? Have you followed your own advice and have become a successful trader?