You can start trading even with a small amount of money, it's the same thing with dealing with microshares (Shares of extremely low value). You could start trading with cheap coins, new ones that are coming up and have some sort of potential and so on.
Money doesn't necessarily limit your ability to trade, it may limit your profit though, don't expect to earn $500 by investing $5 in Dogecoin for example.
Topic: Minimum $$$ amount for trading? - page 3. (Read 2670 times)
How much money in $$$ 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...
To me, minimum one thousand dollars is required to start trading. More or less is not needed for the beginners. But this is to earn serious amounts. If you just want to see the dynamics of trade, you can even start with $10.
Hard question.
To start a trade, Money is no 3. The original question is:
How long have you known the trade ,?
How far have you learned the trade?
And How far have you controlled your emotions?
Capital / money is the next number.
To start a trade, Money is no 3. The original question is:
How long have you known the trade ,?
How far have you learned the trade?
And How far have you controlled your emotions?
Capital / money is the next number.
Paper trade a very small amount in order to learn how to do active trading (the opposite of buy and hold). Input all the transactions in Excel, calculate daily NAV and calculate your Sharpe Ratio. When you will have a SR above 1 for a few weeks, you are ready to active trade a larger account. By now hopefully your investment from first part paid off and you have money to do active trading. Pay attention that it could take more than a year to learn how to do active trading and win over the long term and at the same time have a proper risk management plan in order not to lose your shirt.
I wish you all the best.
I wish you all the best.
I divide my budget into two piece. My 75% goes to BTC/ETH/LTC pool which is trusted, my 25% goes to tokens. Becasue tokens contains risks for trade. But bitcoin and ether are much safe.
Minimum could be minimum acceptable by the trading platform. But if you want to go for holding your bitcoin and let them grow as the time is passing then you could just keep any amount you wish to with at most security and safety of your returns as compared to other ways in the market.
For example, yobit accepts trades which are greater than 10k satoshi. But definitely no one could make better trades with this much low capital. So we should set minimum capital based on many other criteria not just with trading platform.I believe for our effort and time, we must need at least 0.050 bitcoins for better trading environment. With this much capital we can gain some decent profit on weekly basis which will be ensuring we are doing right thing for our time and effort. There could be many plans for setting minimum amount for trading. But I'm following this and it is working good for me.
Invest in the ICO project is the lowest price before the exchange, I have ever invested in stratis when it was running last year and at which ICO I keep 7000 coins until March of this year I had to sell it because of personal reasons and right then it was up $6.
Invest in the ICO project in present time is the best choice...
Invest in the ICO project in present time is the best choice...
You are newbie like me I would suggest you start with minimum 0.01 Btc or start trading with less satoshi coins.
I think i can help you with that because i started trading two weeks back. I started trading with 0.0077 btc because that was all i had left apart from investment in a program. I think its best to start trading with . You can start with 0.01 not more than that because you are yet to learn alot of things.
I ll tell you the mistakes i did which you should not do. First choose a good trading exchange. I would recommend you Bittrex. The the first mistake i didis repeated changing of exchanges. I changed around 2-3 websites and each one costed me 0.001 withdrawal fee. So i was already down 0.003 btc.
Then the second mistake was to take part in pump n dump . Dont ever take part in pump n dump unless you know what actually you are doing. Newbies should never go through pump n dump you will endup in a loss .Here i made the third and last mistake that is to trade in loss. Never sell your coins for a loss. From 0.0077 btc i came to 0.0005 btc. Now i hold the coins until i get a profit from it. In past two weeks i went down from 0.0077 btc to 0.0005btc and now i am in profits i.e,. i have come to 0.008 btc .
Last advice is never trade all your btc in a single coin. Buy different coins.
Wow, that's fantastic! What you did is extremely amazing I will take note of all the pieces of advice you've made here. Thank you so much. I ll tell you the mistakes i did which you should not do. First choose a good trading exchange. I would recommend you Bittrex. The the first mistake i didis repeated changing of exchanges. I changed around 2-3 websites and each one costed me 0.001 withdrawal fee. So i was already down 0.003 btc.
Then the second mistake was to take part in pump n dump . Dont ever take part in pump n dump unless you know what actually you are doing. Newbies should never go through pump n dump you will endup in a loss .Here i made the third and last mistake that is to trade in loss. Never sell your coins for a loss. From 0.0077 btc i came to 0.0005 btc. Now i hold the coins until i get a profit from it. In past two weeks i went down from 0.0077 btc to 0.0005btc and now i am in profits i.e,. i have come to 0.008 btc .
Last advice is never trade all your btc in a single coin. Buy different coins.
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 have tried many offline and online tradings and with great pleasure can suggest you 'altcoin trading' is best among all. Main reason for this is capital gains in case of altcoin trading are way more than any other trading. While you try to calculate earnings in terms of percentage in other tradings, altcoins make you rich enough that you calculate earnings in terms of times.
Undoubtedly minimum amount depends upon your status. Gain of $100 can be delight for one, while gain of $1k can be OK for other.
Now how to trade, many people will give you suggestion to follow some pump/dump group and make daily profits. I am strictly against this. In order to earn big, you need to mature your investment which could be only done through waiting. Suppose Ethereum rose from $12 to $400 in 8 months. Now if person bought it at $12 and sold for $20 next day, he is making profit too but nothing when compared to other one who hodling it for 8 months.
there is no fixed amounts, it is based on your pocket actually.
the golden rule that is repeated also here is to invest what you can afford to lose. i have seen people trade with less than $100 and there is nothing wrong with it.
one thing that people usually forget to mention or confuse is the fact that fees are calculated based on percentage of your trade. since it is not fixed you won't lose anything if you go in with small amount.
the golden rule that is repeated also here is to invest what you can afford to lose. i have seen people trade with less than $100 and there is nothing wrong with it.
one thing that people usually forget to mention or confuse is the fact that fees are calculated based on percentage of your trade. since it is not fixed you won't lose anything if you go in with small amount.
Minimum can be any amount depending upon how much you can gamble with. Trading can be really risky for newbie traders like you and you should not buy any coins when they are pumping like hell in last 24 hour and you should never sell what you have in loss being panic.
You mean how much we can risk by the term "gamble" ? When a trader starts after gaining proper knowledge about different aspects of trading like technical analyses and emotion control along with money management then there will be no need of comparing his trading with gambling. Because he will not be risking big. In that case a trader may start with even one bitcoin also. I mean to say 1 bitcoin will be a good minimum amount for a good trader.
Minimum can be any amount depending upon how much you can gamble with. Trading can be really risky for newbie traders like you and you should not buy any coins when they are pumping like hell in last 24 hour and you should never sell what you have in loss being panic.
You mean how much we can risk by the term "gamble" ? When a trader starts after gaining proper knowledge about different aspects of trading like technical analyses and emotion control along with money management then there will be no need of comparing his trading with gambling. Because he will not be risking big. In that case a trader may start with even one bitcoin also. I mean to say 1 bitcoin will be a good minimum amount for a good trader.
Minimum can be any amount depending upon how much you can gamble with. Trading can be really risky for newbie traders like you and you should not buy any coins when they are pumping like hell in last 24 hour and you should never sell what you have in loss being panic.
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...
Well you can use the amount of capital trading altcoins just for 0.01BTC that is good for start to trading altcoins and i recomended to trading ripple on the exchangers, find the strategy of trading can gives constant profit although just for small amount of profit, the amount of capital will going up, if you can get good profit every trade. 
Minimum could be minimum acceptable by the trading platform. But if you want to go for holding your bitcoin and let them grow as the time is passing then you could just keep any amount you wish to with at most security and safety of your returns as compared to other ways in the market.
How much money in $$$ should a new trader invest and which type of trading is good?
You can start with small, don't put anything which you can't afford to loss if you are new to trading. Buy and store it until it reaches high peak then sell it or some other way?
This is one of the easiest way of trading and known as passive trading, if you are patience enough than you can make good profit with this. But you should be careful about the coins where you are investing, don't buy at peak price and don't buy any shitcoins that don't have much trading volume.Great suggestions and personal experiences are most welcomed and highly appreciated...
Personally I prefer going long with most of the alts and I am investing regularly on new promising ICOs. How much money in $$$ 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...
To buy and hold (store), you may start with even $10 but the big requirement for decent profits, how long will be able to hold without getting tempted to sell and enjoy the profits ?If you are planning long term holding with bitcoins then I suggest you to start with $100 to $500 and duration of holding must be at least 10 years. This way you may become millionaire too as there are speculations about bitcoin prices to reach multi millions and even billion dollar levels too.
You can start minimum 0.01 and it is better that only start with a minimize amount.
Now you new in trading, have no experience of trading, than use which amount you can afford it for testing.
Because when i started trading, i used only 0.02 and even i have lost but after 2 months i started to make profit.
Now you new in trading, have no experience of trading, than use which amount you can afford it for testing.
Because when i started trading, i used only 0.02 and even i have lost but after 2 months i started to make profit.
There is no minimum amount in trading. It depends upon what you can afford. Less investment will bring less profit and vice versa. But let me clear you in starting most of he time you would make loss. Cryptocurrency trading isn't that easy. What I do is I diversify my investment and bet one part on some top altcoins, second part on some low volume but known currency and third part on ICO which posses some potential. Even if I encounter loss in one, most of the time I make overall profit. Never fall for pump and dump groups.
Pretty correct since all of us not a whales and some of peoples have only limited money to spend on their trades and they shouldn't be worried for having a low budget since they can earn more with that if they thread nicely even though their money is few to execute huge trade. And although Crypto trading is not easy but if you learn its flaws and tricky movement you can surely earn when you hit the right timing on when to buy and when to sell.
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