Topic: Minimum coin to begin trading? - page 5. (Read 10994 times)
Crypto may be an excellent place to trade but you've got to possess knowledge about trading first I feel Bitcoin is that the best thanks to trade The losses here are much less and with future investments we will make tons of profit. what proportion we trade will depend upon our capital I accept as true with you it's better to start out with our first 100$. I will be able to not be too disappointed if it's damaged and it is often recovered if traded properly Before that the market must be analyzed well.
The less you start out with the better, its betting to lose $100 rather than $10000. You will feel the same pain pretty much whether losing $100 or $10000, both amounts will make you feel bad about your actions. Crypto and Forex are generally good because you can trade with like $100. Stocks are worse because to open an account you need at least $1000 on some brokers. The reason why its high is because for every client they need to do KYC and its alot of paperwork. So people generally deposit $1000-$10000 and basically lose it all. Most usually go into trading leveraged ETFs (3x) or they start trading options and can quickly lose their entire deposit.
However the amount you lose is irrelevant due to the learning curve. To trade succesfully in the future you will get loses, nothing you can do to prevent that. The trick is to lose the least amount of money so you don't lose all your savings.
However the amount you lose is irrelevant due to the learning curve. To trade succesfully in the future you will get loses, nothing you can do to prevent that. The trick is to lose the least amount of money so you don't lose all your savings.
Based on my trading experience for 4 years, I recommend a minimum of $ 100 of capital needed to be able to get a profit that can be used
to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
Agree, trading should not affect our daily essential because trading has a lot of techniques and a lot of fluctuation which we need to understand the situation of the market. Yes, we can even start with 100$ investment which we can easily make 3 to 5% profit, but we need to have some backup fund otherwise, we cannot survive.
I think the best way is first knowing what you can afford such that you won't be at the receiving end therefore trading with peace of mind, once you have resolved that within you, you can kick off. Normally, the best ideal amount is $100 but this must be after getting the right knowledge so one don't end up lossing everything; although losses are bound to occur as a newbie but that doesn't mean one will lose all just like that before getting good with trading.
Based on my trading experience for 4 years, I recommend a minimum of $ 100 of capital needed to be able to get a profit that can be used
to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
I can easily allocate $ 100 without start-up capital to trade and make good profit from cryptocurrency trading. but nevertheless, I have not yet received those results that would satisfy me. perhaps I’m choosing the wrong coins for trading or using the wrong strategy, although I am now trying to get a better idea of Scalping and try to trade daily. Can you tell me or Advise something, because you have already achieved your success? to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
Based on my trading experience for 4 years, I recommend a minimum of $ 100 of capital needed to be able to get a profit that can be used
to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
to meet the needs of our daily lives. However, if our goal is to trade just to get extra income, enough with $ 10 capital can also start trading.
Quote from: thebutton link=t''opic=2391751.msg54191248#msg54191248 date=1586495780
I don't get it. Isn't it better to start trading with "a low amount" to accumulate experiences through time? Because if you start to trade big and you haven't even applied what you have learned (if there are) then it simply is just gambling. Doing this is a "preparation." As they say, higher risk yields to higher profit or loss which we can apply in cryptocurrency and I think we can both agree to that.
It is better to start with a low amount but what you will be doing with it is wrong.
You started with a low amount and based on how you describe what you will be doing, you will just be experimenting which is just like wasting your money in there. I think you should gain knowledge before you go into it. Gambling is different from trading and investing. Learn strategies, learn the indicators, something like that, be prepared and not be prepare after you already lose.
Mamy traders started that way by experimenting, especialy at the very begininig of Bitcoin when there wasn't so much information and experiences shared like today.
Of course that before trading some knowledge and information should be gathered but hands on experience is very valuable also. So, if one trades with small amount of coins that he can afford to lose that is also the way to get know the market.
It is true though in the past.
But right now that there are a lot of information about it, a lot of people sharing their histories online and people are even paying for it, some do it for free so I don't think we should try to risk that way again. I do agree if you can afford that money to lose but what I am emphasizing here are those people that can't afford to lose.
I don't get it. Isn't it better to start trading with "a low amount" to accumulate experiences through time? Because if you start to trade big and you haven't even applied what you have learned (if there are) then it simply is just gambling. Doing this is a "preparation." As they say, higher risk yields to higher profit or loss which we can apply in cryptocurrency and I think we can both agree to that.
It is better to start with a low amount but what you will be doing with it is wrong.
You started with a low amount and based on how you describe what you will be doing, you will just be experimenting which is just like wasting your money in there. I think you should gain knowledge before you go into it. Gambling is different from trading and investing. Learn strategies, learn the indicators, something like that, be prepared and not be prepare after you already lose.
Mamy traders started that way by experimenting, especialy at the very begininig of Bitcoin when there wasn't so much information and experiences shared like today.
Of course that before trading some knowledge and information should be gathered but hands on experience is very valuable also. So, if one trades with small amount of coins that he can afford to lose that is also the way to get know the market.
If you have much experience with trading you won't ask this question,,with out proper mindset anyone can loose money. 
I don't get it. Isn't it better to start trading with "a low amount" to accumulate experiences through time? Because if you start to trade big and you haven't even applied what you have learned (if there are) then it simply is just gambling. Doing this is a "preparation." As they say, higher risk yields to higher profit or loss which we can apply in cryptocurrency and I think we can both agree to that.
It is better to start with a low amount but what you will be doing with it is wrong.
You started with a low amount and based on how you describe what you will be doing, you will just be experimenting which is just like wasting your money in there. I think you should gain knowledge before you go into it. Gambling is different from trading and investing. Learn strategies, learn the indicators, something like that, be prepared and not be prepare after you already lose.
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I agree with you that we need minimum capital to do business No matter how big you are you can never start a business if you do not have enough capital. But I think if you start a business with $ 10 to $ 50 the better it is the greater the amount of profit.You are right that we should start with small amounts of capital at the beginning of our business If we start with $ 500 or $ 100 then losing here would be very frustrating. In that case less is better When I first started my business I started with $ 50 and now it doubles four times.
Exactly, it is impossible to predict the profit at the beginning of our trading. We should always start with a little amount of money while starting our trading business, any business is unpredictable, that's why it is always good to start with the little amount of money until we become familiar with it.
As you rightly said without capital, business success can never be achieved. we will do that without capital but we'd like capital before we start trading. The more capital we use the more profit we'll make Starting a trade with $ 500 will yield tons of profits.
The fact is not the case, because to achieve success at least experience and good knowledge is the main, when you have the skills to do research from any project there, then investing only with money that can lose will also produce a good return and vice versa, when you use a lot of money but don't have skills, the big capital you use doesn't mean anything. But apart from these factors indeed, we also have to try as much as we can but I'm not sure about the capital of $500 will be owned by every small investor or those who are just starting to invest at least the initial capital of $100 is the initial capital that can be done by many people to then they will be able to continue to increase capital when success has been gained in stages.
It is basically trader call how much money he want to start with but In my personal experience the minimum coin to begin trading altcoins is about 0.01B because you should hold some btc to trade for some profit. Trade with these bitcoin and trying to accumulate some extra bitcoin. If you are a beginner,it is better to start with 10-20 dollars,invest them in 3-4 tokens and see what happens.
Bitcoin trading is high risk and gain so you should be aware of the fact.
Bitcoin trading is high risk and gain so you should be aware of the fact.
i recommend you to start in small amount maybe 30k satoshi and up if you are newbie in trading world.. in me i star in 50k satoshi and then when i learn how to trade i spend $30 plus my bounty profit..
A trader should always start with a low amount because it will help us to find basic techniques about trading, in many cases, we might lose money, so low amount is always good to start trading. With your investment, you need to keep track of your emotions and this way, you might learn new things in trading.
It is good to start with a low amount but what you are saying is wrong.
It is like you are saying that these newbies or beginners should start low and experiment with it and just based on the experience that they have in the process which is wrong since you are just like gambling. Better come prepared, not just physically, mentally but also financially. I don't usually suggest cryptocurrency as an investment since there are a lot of other platforms or mobile trading applications where you can just follow a trader or an investor but still, it is better if you will be able to analyze your own trades and investments, right?
i recommend you to start in small amount maybe 30k satoshi and up if you are newbie in trading world.. in me i star in 50k satoshi and then when i learn how to trade i spend $30 plus my bounty profit..
A trader should always start with a low amount because it will help us to find basic techniques about trading, in many cases, we might lose money, so low amount is always good to start trading. With your investment, you need to keep track of your emotions and this way, you might learn new things in trading.
It is good to start with a low amount but what you are saying is wrong.
It is like you are saying that these newbies or beginners should start low and experiment with it and just based on the experience that they have in the process which is wrong since you are just like gambling. Better come prepared, not just physically, mentally but also financially. I don't usually suggest cryptocurrency as an investment since there are a lot of other platforms or mobile trading applications where you can just follow a trader or an investor but still, it is better if you will be able to analyze your own trades and investments, right?
As you rightly said without capital, business success can never be achieved. we will do that without capital but we'd like capital before we start trading. The more capital we use the more profit we'll make Starting a trade with $ 500 will yield tons of profits.
snip..
I agree with you that we need minimum capital to do business No matter how big you are you can never start a business if you do not have enough capital. But I think if you start a business with $ 10 to $ 50 the better it is the greater the amount of profit.
snip..
I agree with you that we need minimum capital to do business No matter how big you are you can never start a business if you do not have enough capital. But I think if you start a business with $ 10 to $ 50 the better it is the greater the amount of profit.
Quote from: Btc_1856 link=topic=2391751.msg54172775#msg54172775 date=1586242886/
A trader should always start with a low amount because it will help us to find basic techniques about trading, in many cases, we might lose money, so low amount is always good to start trading. With your investment, you need to keep track of your emotions and this way, you might learn new things in trading.
Yes any amount to start is not a problem, it's about how you manage and learn while you still figure out how the market works. How to set a proper order and many more. Some trading sites you can practice while you don't have money to cash in like koinpro it has a practice btc you can trade with their exchange sites. You can also learn a lot even you will use a small amount. It's also allowed you to manage your portfolio well and to cut your losses if you can't control yourself.
Morpher did reduce the minimum balance to start trading to as low as a couple of dollars.
Before this, it was quite complicated since there are too many fees involve and the minimum fee will eat up your initial investment.
However, what Morpher did was to reduce the fees to ZERO and solve the liquidity problem at the same time.
Morpher will launch their trading platform in may 2020 and you can read more about the technical aspects of Morpher in this Morpher review where the founder also present the complete pitch on Youtube.
Before this, it was quite complicated since there are too many fees involve and the minimum fee will eat up your initial investment.
However, what Morpher did was to reduce the fees to ZERO and solve the liquidity problem at the same time.
Morpher will launch their trading platform in may 2020 and you can read more about the technical aspects of Morpher in this Morpher review where the founder also present the complete pitch on Youtube.
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