I am not that expert in trading but i would like to suggest for you, better start with an amount you can afford to lose, just like gambling while you are practicing you can start by trial and error, because mostly you wont learn unless you try it for yourself, so better try for smaller amount because when you failed then its not that hard for you to start again.
Topic: Minimum $$$ amount for trading? - page 2. (Read 2670 times)
I am not that expert in trading but i would like to suggest for you, better start with an amount you can afford to lose, just like gambling while you are practicing you can start by trial and error, because mostly you wont learn unless you try it for yourself, so better try for smaller amount because when you failed then its not that hard for you to start again.
I am not that expert in trading but i would like to suggest for you, better start with an amount you can afford to lose, just like gambling while you are practicing you can start by trial and error, because mostly you wont learn unless you try it for yourself, so better try for smaller amount because when you failed then it's not that hard for you to start again.
I am not that expert in trading but i would like to suggest for you, better start with an amount you can afford to lose, just like gambling while you are practicing you can start by trial and error, because mostly you wont learn unless you try it for yourself, so better try for smaller amount because when you failed then its not that hard for you to start again.
In fact there is no minimum amount to start trading, you can start even with 10$ or less, but don't expect a high profit from such investment. You need to start with good budget (maybe 500$ or more) , to get good profit from trading, and keep in mind trading is always risky, no earning is guaranteed.
I think that the minimum to invest would be $100 because if there is a profit it can be double or more but if there is a loss it is only $100.
There is no mandatory minimum as such. The initial amount can range from $5 to $10,000, depending on the risk-taking ability of the individual, and his capability to cope up with any potential losses.
How much money in $$$ should a new trader invest and which type of trading is good? Buy and store it until it reaches high peak then sell it or some other way? Guys please give your honest suggestions. Great suggestions and personal experiences are most welcomed and highly appreciated...
You could even start your trading with even 0.01 btc or 0.001 btc.Just do an analysis of altcoins and get an idea which coins are older and which ones are newer coins.Try to learn how to read price charts found in exchanges like one day chart,one week chart,etc.Slowly,you will gain experience and then you could start trading with high amount.
I just invested an amount of 0.001 in bittrex just also new to cryptocurrency trading I just deposited last 19th of July and with that kind of amount only simply because I want to know how does it work and what is really cryptocurrency trading. But for the past days I learned some mistakes but the more I am engaged with it the more I get wiser and select the possible altcoins that may increase in it's price but right now I am observing with it.
I think that the minimum to invest would be $100 because if there is a profit it can be double or more but if there is a loss it is only $100.
There is at least you need for 0.001 bitcoin may also can be lower but the profits will be more visible if you have a lot of funds, trading is aimed at taking profits by buying at low prices and selling at high prices and sometimes we also have to cover the losses with cut lose because the price is decreasing.
There are a few of my friends who are just starting their trading still having their capital around 0.001 bitcoins but managed to withdraw more than 0.005 bitcoins in just less than five weeks. I guess starting with minimum capital will always ensure tension-free trading hence the beginners are able to focus into their technical part for better trading.In my opinion too 0.001 bitcoins must be the right choice of capital for beginners. Because along with experience we can increase the capital amount just from profits.
I think at the 1st time minimum deposit 20$-30$ to learn the trading.When you are expert of the trade, you are trading huge money.
In case you want to get fresh experience live start with the small amount which will help you to learn overall process of trading and its risk associated. Once you get more confidence than you start with medium capital which will help you develop the flavor and make some profit and you can get into this business full time later on.
There is at least you need for 0.001 bitcoin may also can be lower but the profits will be more visible if you have a lot of funds, trading is aimed at taking profits by buying at low prices and selling at high prices and sometimes we also have to cover the losses with cut lose because the price is decreasing.
How much money in $$$ should a new trader invest and which type of trading is good? Buy and store it until it reaches high peak then sell it or some other way? Guys please give your honest suggestions. Great suggestions and personal experiences are most welcomed and highly appreciated...
There is no minimum amount for trading mate. A small amount suits you best because you are still a beginner. You will have bigger profits though if you have big capital. You will know when is the perfect time to add another amount to your trading investment.
You can diversify your coins. Go for those that have very positive speculations. When their price reach a certain percentage gain, they you can sell them.
Its up to you how much you want to invest. For me I started at 0.030BTC, the money I got from freelancing. You need to invest and buy bitcoin from your pocket. If you are a newbie, try to trade in small amount. For example trade 0.001BTC to another altcoin. Challenge your self, if you can grow your 0.001 to 0.002 (100% profit) then trade with much higher amount.
I think small amount around 0.01-0.05 btc is enough just to learn first how trading works. .because its too risky if you just a newbie and you don't know how to trade.. but after you learn and experience of loses in trading and you can now making a good profit with your own margin you can increase your investment to make more profit every time the price increased..
Thanks for your comment I really appreciate that but can you tell me a way where there would be no losses at all. Like if I buy something e.g BTC and then hold them as long as their price increases. Will that also be in loss? Is there anyway or platform where one can hold the money and wait for the right moment to sell that for profit?the more you hold (hodl) the more you win.
There is no loss or gain till you have sold your crypto.
So you always have the choice to not sale at loss
How much money did you spend when your'e starting to buy this coin's ? , or do you even need money to start?.. can u give me advice on how to start it correctly, so i can spend my money efficiently, thanks for the reply in advance.
I think at the 1st time minimum deposit 20$-30$ to learn the trading.When you are expert of the trade, you are trading huge money.
Start small to test out your strategy, research and understand how you'll react in a loss situation. Once you get the hang of it and gain some confidence, you can always invest more.
How much money in $$$ should a new trader invest and which type of trading is good? Buy and store it until it reaches high peak then sell it or some other way? Guys please give your honest suggestions. Great suggestions and personal experiences are most welcomed and highly appreciated...
I guess there no minimum amount on trading as long as you have skills, experience and knowledge about it. However, the minimum amount you will invest the longer time you will gain profit hence, if you wanted to earn a high profit with short time then invest with high amount. In my case, I invest on altcoins...the coins I get from bounty campaign is being trade in exchanging sites. 
Anyone have any success swing trading on GDAX?
Was thinking about throwing in about 2 BTC on there and buying on dips and selling once it goes up $400 and just repeating over and over. I'd pull half for profit and then stow away the other half as BTC.
If BTC goes to shit, so do I, but if it keeps up its steady long term growth, I'd never take a loss, just might be stuck holding for unpredictable time periods
Someone please point out the flaws in my plan.
Thanks,
Was thinking about throwing in about 2 BTC on there and buying on dips and selling once it goes up $400 and just repeating over and over. I'd pull half for profit and then stow away the other half as BTC.
If BTC goes to shit, so do I, but if it keeps up its steady long term growth, I'd never take a loss, just might be stuck holding for unpredictable time periods
Someone please point out the flaws in my plan.
Thanks,
How much money in $$$ should a new trader invest and which type of trading is good? Buy and store it until it reaches high peak then sell it or some other way? Guys please give your honest suggestions. Great suggestions and personal experiences are most welcomed and highly appreciated...
There is no minimum. For a starter, it is best to trade small time as that is like a learning process for you. As soon as you are already good and has already acquired the skills necessary for trading, increase your investment.
As for the type of trader, there are several. I cannot expound on each one of it here. You can google the definition for your perusal. You can be a: 1. daytime trader, 2. scalp trader, 3. swing trader, or 4. position trader. Look for each, read and study, and choose which fits best to you.
Go to bittrex.com. There are more exchanges there.
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