Is there any point to start trading with 20$? - page 9.

Pandu Geddon

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

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?

if you have no trading skills it will be a waste of your time and money. there is nothing wrong if you want to earn money from trading, but you have to start by learning some techniques and also how to choose trading assets. if not your small capital will just disappear without you feeling any advantage.
maybe if you are interested in investing, you can buy Bitcoins consistently with your $ 20 in a certain time interval. so you can have quite a lot of Bitcoin when you are strong enough to hold the asset.

ololajulo

sr. member

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SOL.BIOKRIPT.COM

In my own view, there are some nuances to consider. While there is certainly a high level of risk associated with cryptocurrency, making wise market decisions can lead to greater initial investments than just starting with $20. However, it's worth noting that many centralized exchanges have a minimum purchase requirement of $10 for any coin. Additionally, trading inevitably incurs transaction fees, which need to be factored in. Lastly, diversification is a key risk-management strategy in trading, and $20 may not be sufficient to address the challenges that lie ahead.

GeorgeJohn

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Enjoy 500% bonus + 70 FS

At first will encourage you to ensure you the preamble of trading before you venture into trading, because trading is not something will wake one day and start trade, you have to study the system very well before you kickoff trading to avoid loss, the aspect of starting trading with $20, i think it's a nice idea since you have not much experience in trading, so therefore using what you can afford to lose is preferable than using all your funds to trade when you don't know the rudiments or been acquainted with the system of trading. You can use a YouTube video to learn some of the obstacle that can hinder you not propagate in trading.

Oshosondy

legendary

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Gamble responsibly

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.

humanvelocity

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Merit: 18

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

Topic: Is there any point to start trading with 20$? - page 9. (Read 915 times)