As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?
Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.
A lot of people can be 100% in it financially without being in it mentally, you need to realize that you are going to make some money from this and if you can't do that then there is no reason to keep doing it. I believe that it would be quite tough if we ignore that, and we should just make sure that we are all in. If we can be mentally involved then we would be able to slowly get better and better.
The only difficult in learning trading is only at the beginning as you have to explore a lot of possibilities so you can maximize your learning process. After that, when you think you are knowledgeable enough, then start to engage in real trading even with only a small amount. Don’t expect to gain profits immediately as it would be impossible for beginner traders. But instead, everytime you lose, make it as your bigger motivation to learn and improve more. If you do it consistently, things will definitely turn good in the long run.
Note that successful traders today have their fair share of losses and mistakes when they were starting but instead of getting discouraged and scared, they use it as their motivation to learn more in trading until they become excellent traders in the market.