Topic: minimum amount to start trading? - page 42. (Read 6799 times)
Mmmm, I think the minimum you invest in trading depends greatly on the individual involved. If you don't mind scalping small amounts then a small bank would suffice, but if you prefer bigger profits, a small bank wont work. I'd say trade with only what you can afford to lose. The bigger the bank, the bigger your losses.
I think that $500 is the suitable mount to start trading. However you should not buy all your money. Let buy slowly to practice
there are no minimum capital that we need to start the trading,every amount can be used as a capitar for our startup.
of course we need an extra money and not using a required money or our life saving.
remember,
cryptocurrency is not an assets that can be meassured by a common sense,
what i mean is you can double your money tomorrow and you also can lose it all tomorrow.
that is why many people always said it to newbie or beginner :
'Always play everyhing that you can afford to lose'.
in cryptocurrency,we're only lossing it as long as we sell it cheaper than our buy order.
whenever your portfolio underwater,you need to wait it until recover its price back.
that is why you need to invest your extra money instead your life saving money.
of course we need an extra money and not using a required money or our life saving.
remember,
cryptocurrency is not an assets that can be meassured by a common sense,
what i mean is you can double your money tomorrow and you also can lose it all tomorrow.
that is why many people always said it to newbie or beginner :
'Always play everyhing that you can afford to lose'.
in cryptocurrency,we're only lossing it as long as we sell it cheaper than our buy order.
whenever your portfolio underwater,you need to wait it until recover its price back.
that is why you need to invest your extra money instead your life saving money.
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?
When I first started trading cryptocurrency in 2013, I put in $160. That's a pretty small amount to invest in BTC at this point. But if you were to invest in micro cap altcoins or trade altcoins generally, you could probably build an account from that. Today, that's ~ 0.02 BTC. I think that's a good amount for a novice trader to start. You need to be willing to lose it, though.
Crypto exchanges generally charge percentage commissions on trades (instead of flat fees like traditional stock e-trading). So, as long as you have enough in your account to make the minimum order size, you're technically good to go.
i think there is no specific minimum amount to trade but if you are a new to trading its better to start in small amount 0.0005 btc ithink... if you have already knowledge in trading its better to start in big amount because in trading big amount you can big profit to get..
If you are going to start trading and you dont even have one thousand dollars in your balance, then dont even think about starting because it is just going to be a waste of time.
You need to stay looking the charts and all the price during the whole day, it is not worth your time to trade for a few hundreds a month.
I saw some people trading with less than $150 on their balance, and they need days to make $10 of profit, and tell me. Is it worth it to stay trading a whole month for $100 - $200?
I dont think that it is a good deal.
You need to stay looking the charts and all the price during the whole day, it is not worth your time to trade for a few hundreds a month.
I saw some people trading with less than $150 on their balance, and they need days to make $10 of profit, and tell me. Is it worth it to stay trading a whole month for $100 - $200?
I dont think that it is a good deal.
I would start out with whatever you are comfortable with losing, as others have said. I would suggest doing some paper trading while you're learning the ropes of BTC and the exchanges. Also, always have a plan for trading. Don't have the attitude of, "ZOMG I'm going to make a million dollars and quit my job!!!!" it takes time to learn. Find a mentor and follow them on Social Media, and watch any YT videos they have. Learn, learn, and learn some more is what I go by.
I can tell you right now you should not trade more than you are willing to lose, because chances are you will lose everything.
The good thing with most Crypto exchanges (like Bittrex) is that the fee which they charge is in the form of a percentage (Bittrex charges 0.25% per trade). This means that you can begin to trade with as little coin as you want! however, you must take into consideration the minimum trade value of the exchange (Bittrex requires a minimum trade value of 50K Satoshi).
BTW: I use Bittrex as the example because it is the exchange that I use and the exchange that I recommend you to use.
Good luck and stay safe!
BTW: I use Bittrex as the example because it is the exchange that I use and the exchange that I recommend you to use.
Good luck and stay safe!
I started trading when bitcoin was below $300 each one of them, but i was so newbie during those times, i was not even aware of how to really take care of my money.
I lost some money, but i learned a lot too, i had some previous knowledges because i used to trade with stocks, but trading with altcoins was a different thing.
Then i started trading again when it was over $1000 during this year, and i made some profit with the most solid altcoins that are now listed, like ethereum and monero (when they were below $40 each one of them) In January i guess..
But i started trading with less than $5000 by the first time.
I lost some money, but i learned a lot too, i had some previous knowledges because i used to trade with stocks, but trading with altcoins was a different thing.
Then i started trading again when it was over $1000 during this year, and i made some profit with the most solid altcoins that are now listed, like ethereum and monero (when they were below $40 each one of them) In January i guess..
But i started trading with less than $5000 by the first time.
I was one of the lucky ones to suggest investing on bitcoin to my fiance when price was lower than $2500 
I told him to buy as many as he can afford and he did, I had 20 bitcoins at my disposal to play with as he liked to put it, But ever since price increased above $4500 he took them from me, Because once I almost lost 3 bitcoins in a stupid trade. More you have to invest you could either lose more or gain more, With bitcoin there is no middle. If you have $500 you can't expect to earn more than $5 daily, So if you can put $5000 you'll earn a $50 potentially if you know what you are doing.
I told him to buy as many as he can afford and he did, I had 20 bitcoins at my disposal to play with as he liked to put it, But ever since price increased above $4500 he took them from me, Because once I almost lost 3 bitcoins in a stupid trade. More you have to invest you could either lose more or gain more, With bitcoin there is no middle. If you have $500 you can't expect to earn more than $5 daily, So if you can put $5000 you'll earn a $50 potentially if you know what you are doing. 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?
It really is personal thing to get started with, I mean you should know your limits. How much you are going afford to loose is the starting point of your trading career. But don't be greedy ever as there will be times the you will loose a lot and you may win even better than that. So its important that you make the good correlation between you start up cost of investment (able to loose) and the cost of investment which you can put at max when you are ready to invest into crypto trading.
This for me is always extras as well as required money because sometimes I see better opportunities in my crypto trades and I just go and invest the money which is required by me. But I keep myself a promise that if I'm loosing my money then I will just pull back my investment. :-)
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
All depends on the amount you want to started trading with for i believe that you can start trading with as low as 100,000 satoshi but in my own case i started trading crypto currency with 2 million satoshi which I later made a significant profit from the trading and am happy to say that any where. And The 2 million satoshi was what earned from participating in signature campaign. I mean your very basic investment and was that your extra money or required money?
Apart from learning how tto trade and getting a mentor the size of your capital play important role on how successful you can be in trading. If you have a lean capital you will all the time exit from trade immaturely out of panic and emotions. I will suggest $500 for a start.
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?
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