Is there any point to start trading with 20$? - page 3.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

It’s best to start trading as small as $20 or $10 so that if you lose that amount, you will never regret it in the end. Note that trading is like gambling, losses are more often to appear than to gain and make profits with it, so if you are trading to satisfy your greed, then prepare for your loss and not for profits. However, you may increase your trading capital if you are more skilled and experienced on trading already, but for beginners it’s better to trade on a small scale first.

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Quote from: Vaculin on May 23, 2023, 03:43:59 PM

Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

You know there’s nothing wrong starting trading with a minimal amount. You are just a beginner so it’s just right that you have to put an amount that you can easily manage to lose. And besides, bigger capital does not necessarily mean that you will also gain bigger returns too, that is too hard to expect from trading. Trading outcome will depend everything on the trader’s abilities and skills to trade, and not that how big or small the capital is.

A must thing rather specially when you are a complete noob on which using up a small fund or capital would really also giving out that kind of dedication and concentration since you know that you do only have a little amount of capital. Trying out your best on making it big as much as possible via compounding your profits overtime but somewhat this would really be pertaining about long time
effort and hardwork that you should really do. There are people who are really that not having that long patience and this is why they would be mostly be ending up with this kind of mistake.
It is really that possible to start up with $20.It is really just that there are people who cant really just wait on the right time but rather they would be taking or putting up hundreds or even thousands of bucks despite on being a noob. Well, realizations do always happen on the end or on the time that they would be experiencing unfortunate events.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

You know there’s nothing wrong starting trading with a minimal amount. You are just a beginner so it’s just right that you have to put an amount that you can easily manage to lose. And besides, bigger capital does not necessarily mean that you will also gain bigger returns too, that is too hard to expect from trading. Trading outcome will depend everything on the trader’s abilities and skills to trade, and not that how big or small the capital is.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

While it is technically possible to start trading with $20, it's important to consider the practicality and limitations of such a small trading capital. Ultimately, starting with a small capital like $20 requires careful planning, realistic expectations, and disciplined risk management. It may be more practical to save and accumulate a larger trading capital before diving into active trading. This gives you a better chance to manage transaction costs, implement effective risk management strategies, and potentially generate more meaningful returns.

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Quote from: Oshosondy on April 25, 2023, 04:36:57 PM

You wanted to start big before? That would have be the biggest mistake that you will make. Just start with $20 and use it to learn.

Know that trading is very risky and I can tell you that you should first see it as gambling until you know much about it when you are making money than losing money.

I have been trading for 3 years now, the truth is you should not see it as a means of getting income, find other things that can make you money, see trading as fun.

Always know that you should not trade with the amount of money that you can not afford to lose.

Use very small amount like $10 to begin.

Starting with $20 or even $10 is good enough. But never expect profits immediately especially if you are still a beginner trader. Know that trading will often make you lose instead particularly if you are still in the process of gaining experiences and skills. For now, it’s better to enjoy and learn from all your losses and mistakes, and yes see trading as gambling that could easily used up all your money if you cannot control your urge in trading.

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Quote from: petulino on May 23, 2023, 09:13:15 AM

Quote from: cute nmp on May 14, 2023, 10:54:21 AM

You can start trading with as small as $10.Trading does not depends on the amount you start with,

You can start trading with $10 but you can think to learn trading with $10 and gain experience,but for trading also you cannot place a trade less than 10 dollars so it means that if you place a trade and your trade loses then you will not be able to place next trade.So I think it's a waste of time to start trading with such a small amount.

Capital is very important to start any business or trade even if one does not have much capital but it is not the goal to start trading with $10.So I think it is important to have a good amount for trading so that you can gain experience and earn profit.

besides that psychologically people will underestimate small capital, for example if we trade with small capital then we are less focused on observing all conditions, and think more because of small capital then it's okay to lose. On the other hand, we learn to use large funds according to our individual abilities, so there will be a lot of pressure that will be faced, so we tend to be more careful and can trade regularly because we really think it is real money, not just try or play around in trading, and of course from the two comparisons we can judge whether the losses are using small capital

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Yes, $20 is more than enough to start trading.

You don't necessarily need to risk money though since there are some platforms that offer free no-deposit bonuses up to $7. For instance, Everstrike.io, offers $2 for signing up and $5 for linking your Twitter account. You can trade with these funds and withdraw if you make profit (full disclaimer - I am affiliated with them).

You can also try trading for free on various testnets.

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Quote from: cute nmp on May 14, 2023, 10:54:21 AM

You can start trading with as small as $10.Trading does not depends on the amount you start with,

You can start trading with $10 but you can think to learn trading with $10 and gain experience,but for trading also you cannot place a trade less than 10 dollars so it means that if you place a trade and your trade loses then you will not be able to place next trade.So I think it's a waste of time to start trading with such a small amount.

Capital is very important to start any business or trade even if one does not have much capital but it is not the goal to start trading with $10.So I think it is important to have a good amount for trading so that you can gain experience and earn profit.

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Quote from: Josefjix on May 15, 2023, 06:15:06 AM

Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

One of the most crucial fundamental concepts in trading is knowing how much you're willing to gain and how much risk you're willing to accept. The market is rife with tremendous volatility, which might appear at any fixed time. It is feasible to begin trading with $20, but it is difficult to grow because of impatience and desperation. More traders are unable to pass these tests since they are keen to increase their gains from the market. The mindset must be educated based on a single trading technique that will undoubtedly decrease one's losses to a bare minimum.

You are right, the amount we will get is proportional to the risk we will accept. When we want big profits, then it will be accompanied by big risks too. It's fine to start with $20, but it will determine how much you get.
We can use the $ 20 as a means to learn and seek more extensive knowledge about the investment or trading space. If we are serious then we will get that knowledge, regarding the lack of capital that we have I think over time there will definitely be a way to further increase our capital.

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yes

Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

One of the most crucial fundamental concepts in trading is knowing how much you're willing to gain and how much risk you're willing to accept. The market is rife with tremendous volatility, which might appear at any fixed time. It is feasible to begin trading with $20, but it is difficult to grow because of impatience and desperation. More traders are unable to pass these tests since they are keen to increase their gains from the market. The mindset must be educated based on a single trading technique that will undoubtedly decrease one's losses to a bare minimum.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

I want to come straight to you, $20 is very small to start a spot trading, for every 10% in every of your successful trade, you will only make $2 at the end of the day and that is whole stress you are putting yourself under. Having 10% in this market condition is very difficult because Bitcoin has been going up and down with a minor differences and it is affecting the altcoins and the only trades that can give you such profit is the altcoins.

What I will advise is that, husle for more capital and increase it to $50, you will enjoy trading with that amount, you will enjoy it more if you increase above that but the least I will like you to try is that amount, and please don't do margin trading and future trading, you will lost your money in a twinkle of an eye.

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You can start trading with as small as $10.Trading does not depends on the amount you start with,It depends on protecting your capital and maintaining consistent profits.It is risky and no one can avoid the losses the profits should just be more than the looses and that way the profits can accumulate with time.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

There are all kinds of people in this world, rich and poor. Rich people can afford to start with 1k$ and their earning will be also big while for low budget people 20$ is also good for starting. for Rich people 10$ profit is nothing but for those who have only 20$ for investing, 1$ is also big. You can start with 20$ but your profit will be also low according to your fund. i will advise you to use cex for start and make different trade. you will learn well with these 20$ and then you can add more fund time by time. I remembered that i started crypto totally free and then i recieved first reward of 5$ from airdrop and now my portfolio is more than 5k$. 20$ is not small amount and this will give you hope to earn more and you will learn many trading strategies and will set for better trading.

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useful for mental training in making decisions or bear losses if it happens. because beginners in trading even spending $10 to spend his first trade is not a problem. it will make him understand what decision to take in the condition of the trend of the coin. if that $20 was a mistake then it doesn't matter it's a small amount in the initial trade we would have understood the risks.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

Investing $20 will not waste your time but you will learn. Since you have started earning money, hopefully you will increase your investment amount from that earned money.

Trading with 20 dollars you have to give up your dream of profit because considering trading fees and other aspects you won't be able to profit from this small amount of money but starting trading with 20 $ will make you a good experience.
And later when you have more money you can use this experience to achieve something good. So you can continue your trading activities.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

Well, the point there is you are about to learn trading without hurting yourselves if you lose $20, unlike if you start with bigger amounts. But if you ask if this is enough to earn from trading? Please, have to think about the difference between having a capital of $20 vs $100. Trading results may determine not just because of strategies, it also matter of the amount you use for trading and to say that those who have a huge capital will possibly earn more as well compared to those who start with a small amount.
Imagine starting with $20, you can't expect profit but I was sure you earn experience and trading ideas that can be useful as you continue your trading journey.

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

It’s applauding that you are looking for legal ways to make money, but then,It is very important to be aware that trading comes with uncertainties and there is a possibility of losing your investment. To gain better understanding of the market and create a reliable approach, I recommend you conduct a research on trading and investing. Also, paper trading, which is a simulated trading without putting any money at risk may help you practice your skills and boost your confidence.
Nevertheless, the decision to invest your time and money in trading is entirely up to you. it's essential to exercise caution and acquire adequate information before making any decisions. I wish you the best of luck!

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Quote from: humanvelocity on April 25, 2023, 04:30:17 PM

Hello everyone,

I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?

Kind regards,
Human

It's good that you are starting with a small investment, as it's important to learn the ropes and gain experience before committing larger amounts of money. With a small investment like $20, it's unlikely that you will make significant profits, but it can still be a valuable learning experience. Make sure to educate yourself before making any trades and to always consider the risks involved. There are many resources available online, such as articles, tutorials, and forums, that can help you learn more about trading.

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Quote from: Aanuoluwatofunmi on May 01, 2023, 11:33:24 AM

I think some exchange has the said amount of $20 as the minimum amount you can hold on your balance to make a transaction with, though this may also varies from exchange using twenty dollars as a beginner for a start isn't bad at all, it more more better to start small and grow the money to turn into a big investment than starting big and coming down very low later, traders make their daily income and return back the entire money together with the interest back on trading investment.

When trading or starting small, it is always best to trade only what you can afford to lose, because the market is full of unforeseen activities every day. We are traders, and it is our responsibility to use substantial trading strategies that will fuel our trading activities and lead to massive earnings. Only if you know what you're doing, getting full control of your own money without a third party looking to impose limitations on how to generate your personal money. Traders have the mindset and control to either liquidate or develop their account into a powerful large account. is $20 a tiny sum?

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Quote from: Aanuoluwatofunmi on May 01, 2023, 11:33:24 AM

I think some exchange has the said amount of $20 as the minimum amount you can hold on your balance to make a transaction with, though this may also varies from exchange using twenty dollars as a beginner for a start isn't bad at all, it more more better to start small and grow the money to turn into a big investment than starting big and coming down very low later, traders make their daily income and return back the entire money together with the interest back on trading investment.

That's why there's a minimum value for traders to start with trading. This option is open which means any amount is welcome to the trading industry which is also a good start for a beginner. If you are good enough you might increase your funds slowly little by little since if you started with small amount then the prize would not be that big. Just always not put the money thay you can't afford to lose let's say you put $20 a week and your income is only $50 then it's not recommendable. Those numbers were based on the minimum wage in my country.

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