Topic: how to start trading with a very small amount - page 66. (Read 161319 times)

Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

Indeed. You won't lose any money with demo account but using demo account is really different with using real money because you can't feel something when you lose your money. I'd rather to use small amount of money than using demo account to see how it works.

Yeah demo accounts are just like playing games though you will learn basics, it won't teach you proper money management. And with a small amount, you're giving yourself room to make mistakes that won't hurt you. If you lose money, then that's a lesson for another day.

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Quote from: Viyamore on June 02, 2017, 06:48:25 PM

Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

Indeed. You won't lose any money with demo account but using demo account is really different with using real money because you can't feel something when you lose your money. I'd rather to use small amount of money than using demo account to see how it works.

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Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

Demo account is not available in some trading exchanges , this exchanges is not good so its better to use some small funds that you may use to learn and enter the manual trading .The small amount will have a big part in trading in particular the ones who wants to learn to trade.

Using small amounts of money is a good way to learn and study trading because as you said, majority of the trading sites of cryptocurrencies doesn't offer demo account because it is very easy to try and deposit some bitcoins to their site and they doesn't require too much capital so everyone can try even small amount and that small amount is a good start to learn trading and also make profits once you get familiarize with the market and also for the movement of altcoins.

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Quote from: carlerha on June 02, 2017, 01:22:07 AM

Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

Demo account is not available in some trading exchanges , this exchanges is not good so its better to use some small funds that you may use to learn and enter the manual trading .The small amount will have a big part in trading in particular the ones who wants to learn to trade.

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Quote from: BitTyro on June 01, 2017, 10:41:27 PM

Quote from: Peashooter on May 28, 2017, 02:44:50 AM

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

If you onlly have small amount of money, don't trade it since it's not worth it. It's better if you would just gamble it so you can multiply it easiy if you're luck then use it to do trading.

Suggesting people to gamble instead of trade is not wise advice. We can't easily win on gambling sites, and mostly we are only losing on gambling sites. Rather than gamble, would be better if you invested those small amount with some ICO/ cheap altcoin (not shitcoins) and keep re-invested until you have decent amount.

Gambling and trading has something in common, that is the uncertainty to win. Even experienced gambler or trader on that matter can't possibly predict if they are going to win.

But what makes a trader apart from a gambler is the ability of the former to control losses. With that being said, you (OP) have the full discretion whether to trade or gamble.

And oh, to answer you question, you can start trading with even a small amount but you must couple it with a lot of patience and determination.

yes we can even start gambling with small amount of money. but there is more risk in little investment, because by investing a good amount in gambling you have always chance to make to recover your money if you lost a bet. because you can bet again and again to check your luck. similarly we can trade with small amount but we have to find such altcoin whose price are very low, and there are more chances that its price will increase more. but think the selection of such coins is not such an easy job.

to me i think small amount can only be good for altcoin trading. where you can easily find good potential crypto currencies,by investing there you can really make good profit. but still it is too much important to select the right altcoin for investing your money. although Etherium is also good to investment but still you cannot get good number of Etherium with such a small amount of money.

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Quote from: Fredomago on June 02, 2017, 02:20:50 AM

Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

I don't believe you necessarily need a demo account to do that. I think you would be less likely to double check your investment if were trading on a demo account. So my advice is to jump in (even with a very small investment) and gain as much experience as possible.

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Quote from: DancingbearPH on June 02, 2017, 02:03:38 AM

With small amounts I recommend swing/day trading can make easy bucks or lose it all. Id recommend bittrex since most user friendly

well its a risk that you will take mate doing day trade without any idea its just doing gamble well if you have patience and capability to do your research for sure you will able to grow your btc but not in an instant way it will take some time but if you got successful it will be a sweet
fruit of your time.

Never bitcoin trading is compare with gambling, you can see the gambling always risk to nvest your money on it but gives you profit as price travel in price chart.
Just learn the trading tips via article or videis available in online. That is enough to start your trading.

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Agreed. Although demo account trading will not teach you one very important thing - handling your emotions.

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I'd recommend you invest the money first and practice trading with a demo account. trading is not a easy way to make money and you wont get rich overnight until you develop the skills. Trading is a skill itself. you need to spend time and be patient. Dont expect overnight success. Just remember: Rome wasn't built in 1 day. You just have to keep going at it. dont give up on trading when your down though. you will eventually get better and all those losses you had at the beginning will eventually turn into profits.

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Quote from: DancingbearPH on June 02, 2017, 02:03:38 AM

With small amounts I recommend swing/day trading can make easy bucks or lose it all. Id recommend bittrex since most user friendly

well its a risk that you will take mate doing day trade without any idea its just doing gamble well if you have patience and capability to do your research for sure you will able to grow your btc but not in an instant way it will take some time but if you got successful it will be a sweet
fruit of your time.

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With small amounts I recommend swing/day trading can make easy bucks or lose it all. Id recommend bittrex since most user friendly

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You should find a trading platform/broker which allows trading not only on cryptocurrencies but also on traditional markets, like forex. It is usually cheaper to start.

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Quote from: BitTyro on June 01, 2017, 10:41:27 PM

Quote from: Peashooter on May 28, 2017, 02:44:50 AM

Quote from: LodisMcguire on June 01, 2017, 11:50:49 PM

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

If you onlly have small amount of money, don't trade it since it's not worth it. It's better if you would just gamble it so you can multiply it easiy if you're luck then use it to do trading.

Suggesting people to gamble instead of trade is not wise advice. We can't easily win on gambling sites, and mostly we are only losing on gambling sites. Rather than gamble, would be better if you invested those small amount with some ICO/ cheap altcoin (not shitcoins) and keep re-invested until you have decent amount.

Gambling and trading has something in common, that is the uncertainty to win. Even experienced gambler or trader on that matter can't possibly predict if they are going to win.

But what makes a trader apart from a gambler is the ability of the former to control losses. With that being said, you (OP) have the full discretion whether to trade or gamble.

And oh, to answer you question, you can start trading with even a small amount but you must couple it with a lot of patience and determination.

yes we can even start gambling with small amount of money. but there is more risk in little investment, because by investing a good amount in gambling you have always chance to make to recover your money if you lost a bet. because you can bet again and again to check your luck. similarly we can trade with small amount but we have to find such altcoin whose price are very low, and there are more chances that its price will increase more. but think the selection of such coins is not such an easy job.

RealPhotoshoper

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you can join the exchange with small amount of trade
and in trading for newbie,a basic strategy is to look at 24hr high and low
(24hr high + 24hr low)/2,if the current ask is bigger than median you should sell and vice versa

That's won't help to get developed faster to the next level.
Better to make your small capital grow up to bigger by taking high risk on high volatile altcoin.
Small amount to stake and big return , and then after that you can earn slowly.

LodisMcguire

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you can join the exchange with small amount of trade
and in trading for newbie,a basic strategy is to look at 24hr high and low
(24hr high + 24hr low)/2,if the current ask is bigger than median you should sell and vice versa

sulendra12

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Quote from: dejavvu on May 09, 2017, 01:19:18 PM

Just with about everything, all that reading/watching won't make you a better player in the game. You have to get your feet in the water and start learning the hard and the right way. Yes you will make mistakes and probably lose your bankroll most of the time but eventually you will understand and your judgment will be a lot better.

This ^

If you keep talking about strategy but never do it on the stage it's useless. Before talking about strategy or how to maintain your balance, try your strategy and make sure your strategy is working not just talking nonsense strategy.

You will make some mistakes but hey it's much better than doing nothing.

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Quote from: Peashooter on May 28, 2017, 02:44:50 AM

Quote from: Peashooter on May 28, 2017, 02:44:50 AM

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

If you onlly have small amount of money, don't trade it since it's not worth it. It's better if you would just gamble it so you can multiply it easiy if you're luck then use it to do trading.

Suggesting people to gamble instead of trade is not wise advice. We can't easily win on gambling sites, and mostly we are only losing on gambling sites. Rather than gamble, would be better if you invested those small amount with some ICO/ cheap altcoin (not shitcoins) and keep re-invested until you have decent amount.

Gambling and trading has something in common, that is the uncertainty to win. Even experienced gambler or trader on that matter can't possibly predict if they are going to win.

But what makes a trader apart from a gambler is the ability of the former to control losses. With that being said, you (OP) have the full discretion whether to trade or gamble.

And oh, to answer you question, you can start trading with even a small amount but you must couple it with a lot of patience and determination.

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I can start in a small capital to trade a good and fast to dispose and have a high profit.You have to think first on how you can make money easy.Dont even waste time so that the capital will turn to a big capital.As a business minded we can have the right management to a successful ennding of our work.

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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

If you onlly have small amount of money, don't trade it since it's not worth it. It's better if you would just gamble it so you can multiply it easiy if you're luck then use it to do trading.

I don't suggest to gamble. If you start trading with the small investment you'll learn what needs to be done further while increasing the investment to get good profit. With gambling just your luck will be determined, if lucky you win else even the small amount gets off your wallet.

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Quote from: Peashooter on May 28, 2017, 02:44:50 AM