Topic: Is there any point to start trading with 20$? - page 6. (Read 901 times)

We must be able to distinguish the intention from the start whether it is trading or investment.
Your title talks about trading but the content is Investing and of course these are two different things in my opinion.
But even so, maybe this is just a reminder because in this case we cannot achieve the big without the small so that no matter how small the capital we have, whether trading or investing, we will still get good results if we really do it well from the process which is executed.

When you say that trading can still be done with $ 20, it's just that you have to be aware of whether you have a basis in trading or not because if you only guess with intuition without clear analysis then this is indeed useless in my opinion because it's not trading but gambling expecting guesses that's done right.
On the other hand, if you want to invest $20, you will still benefit if you keep it for a long time, but of course you have to be aware that with small capital, don't ever expect the results to be big, so in this case, if you really want to invest, it will be great if you continue to add more and again when you have some spare cash to spare, but for a start $20 is definitely a good deal.

And what is your goal, to double your investment, or what results do you expect from trading with a $20 deposit?

In addition to being fun, trading is also a very difficult activity in which you can only succeed if you have sufficient knowledge and good discipline, following a number of rules.

It is difficult to advise in this case. Try to see what results you will have for a month of trading as a percentage, by how much you will be able to increase your initial deposit. And it would not be bad to look at the result for several months, based on this, you can at least understand whether you are multiplying money or losing. But in order to earn something, you need a larger deposit.

I agree with you, some of my friends specify trading as a business and it's become a profession for them. To be honest, it's working out pretty well for them so far, most likely because they have years of experience and a wealth of knowledge about the field.

They're skilled at analyzing charts and while they do experience losses sometimes, they're able to recover from them and come out ahead most of the time which is really impressive ngl, I think patience and wisdom are key factors here. I'm trying to learn that too and it's not going bad for me but I need more experience and more tries.

Dear Op, this question is already been asked by other newbies many times, but unfortunately, not a single answer satisfied me and i also have the same answer for you which is:

Investment is very low, you cannot start earning money out of it, and i have read some replies saying your $20 will vanished in the exchanges fee.

I want to share my experience with you, (which will help you in your query). I started trading with $40 in spot trading then after making a few like one to two dollars, i move on to future trading and i started with only $10 from which i made like $5 profit but in the end, lost all of it. So the point is, you can start doing spot trading with a minimum of $10 if you have those in any pegged stable coin like busd or usdt, etc. and you can start doing future trading with as low as $1 as you can get leverage on it. But the best practice for you is to stick with spot trading. Wait for the best opportunities do not over-trade, always use stop-loss and make a plan and stick to it so you could not fall prey to market sentiments.

You have asked, about the worthiness of the time devoting to it, i think yes it does worth. Because giving a chance is all we need and i have seen one friend in my zone who has made around $100 out of $7 in the future but he has some good knowledge so for a newbie i don't recommend future trading.

Yes, it's fine. If you have more capital there is more chance to blow it all up. Better learn expensive lessons with small amount.


Trading might not have worked out well for you, but that doesn't deny the fact that trading is profession and people make money of it.

Starting small is actually good because of the high risk involved in crypto investment
The main thing you need now is patience, because this is not a get rich quick scheme that you will expect high return in short time, but with time there is a hope of making good profit.
I don't know which project you invested in, but I will like to advise you to make sure you invest in the right project to avoid losing the small capital you invested.

That is the thing it is supposed to happen but based on the post of OP, he was afraid to invest/trade more and I'm not sure if he is really able to grab such an opportunity especially if he experiences losses on his first try. Because those who are afraid of taking risks have no future in the crypto space. Or maybe he got a change when he understand the market behavior and then have the courage to invest/trade more.
I really feel what he feels but allocating $20 to start is a very small amount. We can't expect profit from this but just learning and market familiarization.

Local trading platforms usually accept smaller amounts of capital for bank deposits, one of my local platforms was even only around $3.5 in our fiat. But on the other hand, to withdraw, the same minimum amount also applies (before deducting fees). This means that a new user must make a profit on his first trade.


Op clearly wants to start trading, no hope of profit either invest with only $20 where most of the suggestions are bluechip coins.

As a newbie, starting small is the best strategy to becoming a good trader, I would even advice you start with a demo account first. I believe you know what a demo account is,?
It is a type of trading account for beginners, where the money being traded wit is not real money, it's a visual money given to you by the exchange, with this account, you get to learn to trade effectively, without having to risk your money, you only get to start trading with real money when you feel you've gotten so good with trading through the demo account..
I will advice you think about this, before even putting your $20 into trading.

As long as he is still learning about trading or investing in bitcoin, he should use small money to avoid losing his money. If he feels his skills and knowledge have increased, he can use much money to trade or invest. And as he continues to learn more about trading or investing, we will discover that he can increase his capital to make a profit. But it all requires a long process and he must be patient in learning so he can also learn to control his emotions when he trades.

OP, arent you confusing trading and investing? Investing does not mean that you gonna sell your asset immediately. First make it clear, what you want to do with your $20. But cryptocurrency and sell it with time, or buy, sell and rebuy something else.

It is definitely worth starting trading with $20. Dont expect to receive huge profit, but you gonna learn basics, learn how to read market aka get experience. The experience you would get gonna be worth more than $20 if you lose it during trading. It is better to start with little, than later start with a bigger amount and be unexperienced.

You can even start with money that is smaller than $20, the smaller the money you use, the pressure is also not great, the most important thing is that it is money you can afford to lose. The profits may not be big because the results really depend on the capital used but at least you can start trading with real money while continuing to improve your trading knowledge, and when you gain more knowledge you can start increasing your capital but the amount should be in accordance with your ability is not forced because you want to get a bigger profit, because getting a more consistent profit will be more fun than big profits but often experience losses.

Well, I could be honest with you OP, I believe your decision is not right, and choosing to trade for $20 is not the right place I see. If you wanted to be in trading and make a good life here, better keep your $20, save more, and wait for the time that it will become $100 for at least it was enough to start. You are not wasting your time as you are also learning but if you think that it generates profit for you and grow it faster, it is certainly no chance.
I hope you understand but this is really gonna happen - more funds = more chances to earn more but the risk is also high.

I agree with you that starting with little amount is the best, at least you can learn, you can’t just invest lots of money without knowing the basics of trading, am very sure you will lose all the money, but it’s better to invest little amount so that you will have experience. Also I just have to tell you this so that you won’t endup being disappointed if you don’t make profit with the amount you deposited. Everyone is saying it’s a good idea starting small, but you should have it in mind that with $20, you are not going to make and good profit, don’t be disappointed or discouraged if your profit is too small, the $20 will just make you understand what trading is all about and not to make profit. If you are looking for profit, then top up your wallet after practicing with $20.

You're not wasting your time, what you're doing is gaining experience and at the same time minimizing your risk since you're a newbie and can make mistakes that might be too expensive if your trading capital was very high. With $20 trading capital, you shouldn't be expecting too much profits and that shoudn't be your focused for the moment instead focus on the experience.

The more you gain the experience, the more your profits will increase and the you can increase your trading capital to take more advantage of the market to make more money. Trading is one of the best ways to make money online as there's no limit to how much money you can make when done right.

No, you're not wasting your time because it is better to start with a little capital to learn more from crypto trading than to start with big capital without having the knowledge of crypto trading in the market which it can lead you to failure in the future. I believe, $20,000 can help you to make a huge amount of money in future, if only you can wait for the price to fall back to $10,000 or $11,000 before you can buy and hold for the price to increase higher to your satisfaction before you can sell to achieve your income. But don't forget to increase that capital when you have enough money, because it will really help you to get what potential traders are getting in the crypto market.

I also started using a small amount in trading. It didn't went well but I learned something useful that I can apply the next time I trade again. Hence I can say when you are just newbie in trading, it doesn't matter even you have a small capital to begin with, because what important is, you are already using real money to come up of an effective strategy to have a successful trade.

In addition, don't be afraid to fail because sometimes it is inevitable. What matter is you tried and you can improve yourself from the mistakes you committed the last time. So for newbies who are hesitant because of their small capital, don't mind it because once you already understand how trading works, it's the time you can increase your capital. That is if you are already knowledgeable and aware of what to do in order to gain from your trades.

This is some sort of testing the waters on trading because most of people say that you cant feel the adrenaline rush in trading if you are just using demo but when you use your own money that is really different that is why others tend to deposit small amount just to test the feeling in trading which for sure you can learn a lot from it, the profits are low but you are not after with that the experience and what is the feeling per trade before you will deposit huge amount

If you will not solely relying on trading as your only income source, $20 is a good amount to start when you're a newbie.

I'll just share my experience months ago when I started trading. I started half of the total amount that you said. Yes I started with only 10$ in trading, but I was in futures, and I wanted to trade at that time because I want to spend my time to do something that can give me money thus, I started trading. I just watched videos online, tweaked the strategy, and applied it. I might be lucky I guess, but I managed to make that 10$ initial capital to 90$, but I traded thru futures, and not from spot trading.

I'm not recommending futures trading especially when you're a newbie, but learning it takes time, and money as well. If you're a newbie, I suggest while learning, start trading thru spot first then after some time that you got the basics already, maybe try trading into futures, but with a small amount only. To answer your question, in my perspective it is worth it and you aren't wasting your time. You will not get experience if you will not experience it. If you really want to pursue trading, do everything that's needed, and that's include losing money in order for you to learn more. Experiencing losses will make you adjust to the point where you will not do that same mistakes anymore in the future.

Twenty dollars is an adequate amount to learn how to trade. Yes, the profit will be ridiculous, but the losses will be very insignificant. The main thing is to develop in yourself assiduity and patience, which will be very useful in the future. Another plus - you can work out the different trading schemes, and find your best strategy.