Topic: Is there any point to start trading with 20$? - page 2. (Read 915 times)

capital of $ 20 to trade on the spot market I don't think it will develop well,
unless you want to trade on Binance futures then you can double your money, but indeed the risk you have to accept is also very high,
because futures trading if you are wrong and you are not wise then liquidation will happen to you.

As a newbie in trading 20$ is a good start, there's no point if you start trading with a big capital because theres a possibility that you will loss it because you are in a learning stage or you still collect some idea to make a perfectly trade and if you start with a big amount of money you will surely regrets at last.

- then $20 to $2k journey, that can be possible, though.
However, I couldn't find it was too easy for him as it certainly takes a long time to grow $20 and make it bigger. It is actually a good start but OP must plan as well to add more funds to help it grow fast, impatience really have a bad influence and I was afraid he could be in that situation and give up.

Because for me even if it was the minimum amount to trade, I should have to start above the minimum amount in order to fully enjoy trading and learn more.

I suddenly remembered the 1k to 10k journey of a trader who transparently shares every open and closed position on his Twitter, if everyone forgets this is what I mean. https://bitcointalksearch.org/topic/started-a-1k-to-10k-challenge-in-20-days-and-its-going-well-5410409
Just to make the OP more excited that with above average trading skills will be able to achieve significant returns in the expected time.

to start trading with a capital of $ 20, I think it's a normal thing to do. My advice is that we should be based on the percentage of profit, remembering that if we look at it in nominal terms it will feel very small, and this can damage our psychology, for example if we profit 20% in a month, in terms of percentage it is already a good achievement, but if we see the nominal is only $ 4, so don't think that working 1 month is only enough to buy 1 pack of cigarettes, but we must be aware of the amount of capital used, and the consistency of the development of our funds

whatever capital he has, he can start trading. at least he is eligible for the trade minimums set by several exchanges for each different asset.
no need to be too hasty. learn trading strategies, and of course how to choose the right trading assets. because it is important for a beginner. don't just choose assets because, with the capital that has been collected with great effort, it can be lost when we choose the wrong asset.

If $20 is all you have gathered to start with and would still like to use all then is fine to start with whatsoever money you have with you, after all you won't rob a bank to start with a huge sum of money. To me, if it's trading that suits you and gives you that goosebumps then go for it, I believe that what ever you put your mind in doing, with much determination you can get to your goal.
But if I'd advise, I'll let you know that there's no trading that doesn't have there ups and downs, profit alone shouldn't be in your mind, just prepare for the worst and pray for the best. Get advise from those who are there before you (experts), it will also help in the future.

It's hard to make money, is only those who don't suffer to make money spend it unwisely by getting into trading for fun. Trading is very difficult to start as a beginner. Am yet to see anyone who moves into trading just for fun no matter how wealthy he is. He will try his best to be serious with every move he makes in trading due to it involves money. Not to talk of a beginner who hasn't learned anything about trading before

Investing in bitcoin with his $20 is not the best option as it seems due to how expensive bitcoin is. The best step for OP to take is to leave trading for now and channel his energy into finding a good altcoin that is cheap and can also do well in the bull run if he should invest his $20 into the altcoin.

Aside from that, I don't think that the $20 the OP has can yield much profit for him in the future even if it's by trading or buying bitcoin.

It’s better that you’ll start with small funds, know that you are still new in trading so you have to invest or trade at your own risk. At least, if you lose that small amount, that will never be an issue then. However, I believe that even if you are starting at an amount that you can easily afford to lose, you should still invest at the best of your ability and skills. You will never grow your money if you don’t have working strategies to profit, so invest with knowledge and stick to your working strategies, and always invest for long term as there is bigger potentials to make significant profits if you do it that way.

Well trading is a nice business  worth alot of amazing ventures but just as any stories you must have heard about trading, which i believe  must have been an all happy stories, I also want you to know that  nothing good comes easy and to be successful in trading, you have to first take your time to know the rudiments and also invest in acquiring  more knowledge than focusing on profits, though it is always a sweet feeling flourishing in profits while even still learning.

Long story short
Acquire more knowledge  first before making any invest and there is always a demo account if you want to have a fell of what the financial market looks like.

in crypto any amount is worth in my opinion, you can try to invest Bitcoin or other top altcoins if you're confused about where to invest. If you want to risk your money in altcoins you can try meme coin where some meme coins can be up 100% in just a few days or even a few hours. As long as you afford to lose your money then its set to go to invest in the crypto market. 

Investing in crypto for only $20, for beginners I don't think so bad. Because if you are really still a beginner and don't understand about market analysis, with only $ 20 capital it will be enough. Because in the early stages you definitely have to learn about trading on crypto assets, and all the necessary techniques to help you get closer to achieving your trading profits. With your capital of only $ 20, it will be easier for you to apply the techniques you have learned, into your trading. Because with only $ 20 capital, you will be more confident and not too afraid when losses come. So in conclusion, make it an opportunity when you have a little bit of crypto assets, to continue to dig into the knowledge and immediately apply it to trading crypto. That way you will have more experience and knowledge, and when you already have large capital in crypto you can immediately apply it. And I have also done those methods before, when I only had a little capital.

Don't worry, mate. I also started my trading amount at that time with 20$ only. Just do it with the amount that you can afford to lose. This is wise enough.
The result will really depend on how you are trying.
If you are going to invest only that much, the result may be still small. But this is no problem if you are still doing DCA and another investment amount again.
But, if you are trying to get riskier activities by trading, you may earn more profits (but this is not guaranteed), depending on how you are learning and the effort to trade.20$ for trading is actually enough, but I suggest you not to do it in the Future market, because you may lose the money very easily. You can try trading in the Spot market, by taking coins with small prices, but a high market cap. But once more, the result will exactly depend on your effort, because, trading is very risky and you must prepare it very well, starting from learning and getting the knowledge, setting the strategy, and preparing for your mentality.

What you will do exactly? Do you plan for trading or investing in crypto? 
You need to focus on 1 field first, you choose trading or investing. According to your statement above, it is a bit confusing whether you want to spend $20 for trading or investment.

Anyway, do you a newcomer or already join crypto a long time?
If you are a beginner, it is better to use small money first. $20 is enough to start trading or investing. Your focus is on learning, not to expect too much about profits. However, if you are already a long time in crypto, you should use a bigger amount of money. Using $20 won't give you a big profit, to earn proper profits you need more than $100.

Yes exactly the outcomes depends on your invested amount like if you put more money so during the Bull run you will have maximum profit but during the lower price you will have maximum profit too so its up to you that whether you wants to choose. If you can afford maximum loss then surely invest greater amount but I think that always think about yourself, about your future because earning money in most difficult task these days so always take step consciously.

I agree that it is not going to be that easy to figure out how we could make this much change, in the end we are talking about a situation where it is not that easy to handle and we may end up with a lot more trouble. So that means if we are at a stage where we start with small capital then we will do the exact same thing as we start with bigger capital, if not then that small capital will always stay a small capital.

In fact, people may take more risks with smaller capital, and that would be even worse because they will most likely end up losing it all, whereas people with big capital will be more careful and make a lot more money. If someone has 20 dollars, invest it just as you would invest a few thousand dollars, or a million dollars, and you will do a lot better.

For me I don't see it as a waste of time, you are already earning from it maybe not a profit but from the knowledge and experience that you are accumulating while doing it.
If you're learning from what you've been doing while trading $20 then it isn't a waste of time, think of it as a preparation for a bigger game.

If you are new into crypto and you don't have huge funds for investing 20 USD can be a stepping stone to your journey I started before with the same amount and consistently depositing deposited with that and I saw the price of the bitcoin dump to 3k USD only and I grab this opportunity to accumulate as possible those 20 USD barely from minimum got a good profit after ATH reason I bought my new PC and laptop. Always manage the risk don't get discouraged because of the small amount at the end profit counts.

in as much as we can trade with the minimum of $10 them there is no limit to wish amount we intend trading with since there are still people that trade even with as low as $5. I know different exchanges might have there rate for which we can trade but many exchanges especially the new ones can allow traders to tradeas low as they want because this will also limit the number of profits they could made. Trading is all about skills and how we can understand the market to a certain level that we are not going to be bothered about what could happen in the market or what direction the market is intended to go.

The question is, have you been into trading before? Or have you been practicing how to trade before? If not, then you can start with the $20, which you are likely to totally lose in one of your trades since you are still starting. I am not saying this to discourage you, but in trading, you will definitely encounter losses. But since you are starting with a little amount, it will encourage you to practice risk and financial management because if, as a beginner, you are starting with, let's say, $1000, if by the time you carry out like five or ten trades and in those trades you have lost $200, you will not feel much affected because you will think that after all, you still have $800 and that you will definitely trade and make the profit to cover up your loss, but since you are starting with just a little amount, you will feel much concerned about when to trade, and you will not really want to take the risk of trading when it's not so favorable because you are scared of losing just the small capital you had. But honestly, trading is not a sustainable source of income for a beginner; get some job or skill to do and use trading as a side hustle until you are perfect in trading and realize that you are making much profit every day before you can seriously base all your attention on trading. Just my opinion