Topic: minimum amount to start trading? - page 27. (Read 6799 times)
I think there is no minimum or maximum amount to invest in this market, but my advice for beginners is to invest a small amount of money. Once you have experienced the market and grasped the volatility of the market, then decide to invest more. The amount of money I think enough for you to learn from this market is $ 1000.
I have heard from my friends that 300 or 400 will be enough. I am sure that you can try having any amount. I am sure that hard work plus luck will help you to start earning with time. That's why don't hesitate to try
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I mean your very basic investment and was that your extra money or required money?
Trading is very difficult and risky. I reccomend you to become the investor. However, you will need about 10k+
depo to start acting like investor.
I started with $ 100 and I think that you need to start with small amounts. It helped me to avoid blunders in the beginning of my way in crypto. Because when you start with huge amount it can end very badly, because elementary without knowing the primitive security measures to work with a wallet, on the exchange, does not use double authentication etc. Therefore, you need to start with small amounts and not be afraid to lose your money and learn everything from scratch. There will be much easier and cheaper.
I have only one thing to say, if you are going to trade with less than one or two thousand dollars, the only thing that is gonna happen, is that you will lose all your money and you will be trading by more than hours for a little profit every day
True even though that there is such some technique that you are willing to apply for there is such a specific thing that you been able to take while you are in trading and for the amount best is when you already have rhe opportunity then take the risk.
In Trading profit or loss both are possible
I strongly recommend that only use that much amount which you can afford
It helps to prevent yourself to do panic sell or holding a coin for long term
Most important things are entry and exit
Always take entry at Lowest possible price
Always try exit when you are satisfied with profit
Most people suffered from fomo and not able to Take exit (stay away from it )
Most experts Traders takes exit in portions by selling small part of profit in every pump
I strongly recommend that only use that much amount which you can afford
It helps to prevent yourself to do panic sell or holding a coin for long term
Most important things are entry and exit
Always take entry at Lowest possible price
Always try exit when you are satisfied with profit
Most people suffered from fomo and not able to Take exit (stay away from it )
Most experts Traders takes exit in portions by selling small part of profit in every pump
We can start trading by as small money as possible but for sure, with small amount we will get only small profit. If we want to get good profit we have to start with relatively good amount of money.
I have only one thing to say, if you are going to trade with less than one or two thousand dollars, the only thing that is gonna happen, is that you will lose all your money and you will be trading by more than hours for a little profit every day
When I started trading, I just use 40$. That was my extra money before, and I just try bitcoin because I am really curious on how it works. I started trading november 2017 then luckily on dec 2017, bitcoin hits its ATH, my money got doubled. That was the time I realized that if I just put some more money, I will gain a lot more. And that is what I did which is a very wrong move, I put all my money then the bitcoin price dropped. It was unfortunate but I learn my mistake. You will not be a successful man if you haven't taste the bitterness of losing. So invest what you can only afford to lose.
My first attempt at trading was on Poloniex with just 50 USD. I made a few bucks extra and ended up losing every thing because i got stuck in one of those pumps.To do some reasonable trade,you may need like 500 USD or more.I know this varies with individuals.For me,it is 500,that way i will be able to pay for transfer and withdrawal fees.(I dont leave my money on exchanges after trade)
I think it depends on your income or your money,
But if you really want to start trading but doesn’t have an experience then I think $10 would be nice to start.
But if you really want to start trading but doesn’t have an experience then I think $10 would be nice to start.
I think there is no rules that from which amount we should start trading the best thing is to start trading the knowledge of trading and the variety of currencies because the time is changed the people are using different types of currencies for their use. As I am collecting different amount of currencies for trading buy I plane that I will start trading after Christmas. But if you are interested in trading you should make a try without any fear.
Answering this question needs to answer first. What is your purpose. Do you want to trade, just to practice your trading skills? If Yes, then invest a maximum of 50usd. Challenge your self to grow it upto 10x (500usd).
If you want to get into crypto, and planning to go with your all your savings. Then stick with the strongest coin no other than "Bitcoin".
If you want to get into crypto, and planning to go with your all your savings. Then stick with the strongest coin no other than "Bitcoin".
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I mean your very basic investment and was that your extra money or required money?
minimum capital you need to do trading according to me $ 50 is enough to start trading the first time and can find out how to trading it, after you are expert to do trading then you can add capital tone give.
$50 should be intended not to expect a profit. very small nominal in the current down trend, but if you do not mind and just to learn basic trading, please and do not hesitate, I started trading with $200 capital and that too I had to suffer severe loss at first, but trading is very different from gambling, a sharper analysis is not just emotion. mathematics in trading is not only based on high luck.
I don't think so because with only $50, if he can pick the potential coin, then he can make more than $300 because when the price is a rise, the price can increase so high and he can make a lot of profit. I have this experience before with one or more coin and I think $50 is good enough to start trading and he needs to learn more about trading so he can find the coins.
After research and good pick of a coin it can be enough 50-100$ for start trading and learn the basics. I started with 1000$ with several tokens.
You have to be patient and it can be boring trading 1 coin when there are no swings and nothing is happening on the market. Have to tell that I was not a beginner that time and I do not advice to do multi trading as a beginner.
minimum capital you need to do trading according to me $ 50 is enough to start trading the first time and can find out how to trading it, after you are expert to do trading then you can add capital tone give.
$50 should be intended not to expect a profit. very small nominal in the current down trend, but if you do not mind and just to learn basic trading, please and do not hesitate, I started trading with $200 capital and that too I had to suffer severe loss at first, but trading is very different from gambling, a sharper analysis is not just emotion. mathematics in trading is not only based on high luck.
I don't think so because with only $50, if he can pick the potential coin, then he can make more than $300 because when the price is a rise, the price can increase so high and he can make a lot of profit. I have this experience before with one or more coin and I think $50 is good enough to start trading and he needs to learn more about trading so he can find the coins.
minimum capital you need to do trading according to me $ 50 is enough to start trading the first time and can find out how to trading it, after you are expert to do trading then you can add capital tone give.
$50 should be intended not to expect a profit. very small nominal in the current down trend, but if you do not mind and just to learn basic trading, please and do not hesitate, I started trading with $200 capital and that too I had to suffer severe loss at first, but trading is very different from gambling, a sharper analysis is not just emotion. mathematics in trading is not only based on high luck.
minimum capital you need to do trading according to me $ 50 is enough to start trading the first time and can find out how to trading it, after you are expert to do trading then you can add capital tone give.
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I mean your very basic investment and was that your extra money or required money?
Trading is a risky and profitable business and one of the major problem with success in trading is your trading capital. If you want to trade well with good money management and be successful then you should begin with between $500-$1000. But you must still need to be careful.
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
You can see that the market is fluctuating continuously and bitcoin prices are constantly adjusting in the past few days, so in order to be successful you need to have a clear plan. Currently bitcoin prices are at $ 7400 and will probably continue to fall sharply and according to my analysis the bitcoin price will reach $ 7000 this will be the last milestone in this downtrend. So you can buy bitcoin for a minimum of $ 100 at $ 7000. I mean your very basic investment and was that your extra money or required money?
Invest as much money as you can lose.
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