Trading with small budget - page 12.

lablab03

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

you must have at least 20$ bro if you are planning to trade because one dollar is not enough especially for fees in order to send money to any exchanges . However If you searching an exchange just to practice your skills only i suggest to play on some exhange site that offer free trial wherein no need to spend money.

aervin11

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

If you wanted to scalp your way thru, I highly recommend that you use a high volume exchange, usually trading fees are only 0.1% not per dollar so it could vary on every trade depending on how much you would trade. To mention, if you are trading only a dollar, you need 100% gain to gain another dollar, if it good for learning but can't pay your time

Reid

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Wow, I think that is the highest level of being a spender. Wink

1 dollar? Cmon man! That is way too low. And what number of profits is in your mind? $1000 or more? Grin

You will just be wasting time for the fees inside the exchange which is like .02 or .025 of your total trade. Then there are some exchange who are charging for deposit fees.
I think it is possible for there are so much dusty tokens by now but where would that go afterwards? You cannot just keep on doing that for you will be wasting a lot of time.

XbladedThanos

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Just watch out because at the end of the day you would be scrambling your brain for the gain of the exchange and little benefit for you just wait till you have enough like 100bucks and then start trading simple

rodel caling

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Quote from: Icey47 on March 05, 2019, 12:06:01 PM

Nope. Anyway, don't trade with a small budget. commissions will eat away your earnings from winning trades- if you manage to get any.

Thats right tradung with small budget are wasting time we know here ib trading have a mnimal risk we need gamble. But the idea starting very small amount to inter into trading the money of your are getting with nothing because all are going in TF.

bison

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Quote from: blackhawkeye1912 on March 08, 2019, 06:00:27 PM

Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

If you are planning to trade with a small budget, I think its not an effective way to do it and it won't work. Because it will gonna eat it through transaction charge. So better to trade with a moderation budget capital, in my opinion only.

I think there is nothing wrong if you start by investing with a small amount of capital to study and your experience, when you can already know how to trade well and correctly then you can increase your capital.

blackhawkeye1912

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

If you are planning to trade with a small budget, I think its not an effective way to do it and it won't work. Because it will gonna eat it through transaction charge. So better to trade with a moderation budget capital, in my opinion only.

creeps

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

Too much low capital for trading, and for sure you will gain nothing on this one. If you are serious on trading, you have to get a good and more realistic capital. $100 can be a good starting capital, if you don’t have it right now then make ways to earn that first and trade if you already have this. In trading sometimes fees are making your money loss on most cases so I don’t think $1 can trade continuously on a well known exchange.

mersal

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If you are treating with your small budget you can also get the profit frequently by investing and the perfect currency and had experience also been an important things here to choose the best exchanges for trading because if you don't have any experience definitely it will be quite difficult to understand the situation.

Ucy

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Compare rates on different exchanges & swap.

It is possible to trade with small amount of money. It worked for me while I was a new trader. It can still work now but I am not sure about trading with a dollar though . Trading fee alone could invalidate the transaction. Some exchanges also require a minimum amount to trade with.

Altero

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Quote from: ongkok87 on March 07, 2019, 09:06:47 AM

to trade with a small budget that could be because what is needed is like where we can get big profits with our small initial capital. so we also have to be smart in choosing good coins to trade

It is not easy make gains using few bucks only as our capital to start. If we are aiming for big returns, it definitely we need enough money to start and isn't that wise to start will small amount not unless we are a beginners. It takes years before we achieve our goals if we only have just amount and better not to expect more unless you have increase your capital.

ongkok87

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to trade with a small budget that could be because what is needed is like where we can get big profits with our small initial capital. so we also have to be smart in choosing good coins to trade

wuvdoll

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I think the best course of action for someone with smaller budget than needed would be to find a way to "earn" money instead of just investing. There are plenty of ways to earn money in bitcoin and specially in bitcointalk.

If you look around you can see the faucets, you can see signature campaigns, you can see promotions and bonuses, you can see competitions, you can see bounty hunting. Basically there are a lot of ways you can just use your spare time and effort and make money from bitcoin instead of trying to trade with a low budget.

As soon as you earn enough from those things you can put that into an exchange and start researching the prices of coins and see what their trends are, just to give and example 3500-4200 levels in bitcoin and search for other coins and their trends and trade between those numbers.

miningguru

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Of course, you can trade with a small budget but profit from your trading will also be the small budget. So it is always good to do some higher investment if you have a very good experience of trading. Always focus on potential coins whether you invest a higher or small amount, your investment will also increase in the same way.

St4yInTh3D4rk

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Quote from: justdimin on March 07, 2019, 04:59:08 AM

Smaller values too can be of huge cause because as we know the cryptocurrency markets are in demand which will only make them go upwards in the future.

Even investing a single dollar can make huge changes ahead as even single satoshi can be much valuable ahead. Peoples who newly start into trading won’t go for higher amounts as soon as they start so there surely might be a number of exchanges supporting lower volumes.

But it is not possible for them to withdraw that $1 amout of crypto currencies because as far as I know most of the exchanges have withdrawal fee of about 0.0005 BTC or above.THey can hope that their coin will have so much value from now but for that they need to keep them in a wallet not on exchanges.

iMark

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Quote from: Danslip on March 06, 2019, 03:24:39 PM

Quote from: Hannahanto on March 06, 2019, 03:17:39 PM

Nothing can be done with a dollar investment. Only one thing can be sone is trading trading can be learnt. But to gain more profits, more inveatment is needed. Choose the best coins to gain more profIts.

Small budgets are easy to control and crypto trading can be profitable if the trader has enough experience in this field. For investment purpose i suggest buying low market cap coins that have a small circulation.

First, there is no challenge if you have big money but small capital allocation in trading. and in my opinion your small capital doesn't mean you have to invest in low marketcaps too, that's stupid logic.
we know that low marketcaps have a much greater risk because they are rarely interested investor in their market

michellee

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

How if you increase your balance for $10-$50 to start the trade? I think it will better for you to moves from one price to another price. Besides that, you can trade with less than $100, but with a bigger balance, you can expect a bigger profit too.

Determine how much money you want to use will be the important thing for every people who wants to start trading because with that amount, they can try to make a profit from various coins, and they can be able to have more than 1 coins which mean, they will have a big opportunity to make a profit from each coin.

Noa_Amable

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Quote from: Danslip on March 06, 2019, 03:24:39 PM

Quote from: Hannahanto on March 06, 2019, 03:17:39 PM

Nothing can be done with a dollar investment. Only one thing can be sone is trading trading can be learnt. But to gain more profits, more inveatment is needed. Choose the best coins to gain more profIts.

Small budgets are easy to control and crypto trading can be profitable if the trader has enough experience in this field. For investment purpose i suggest buying low market cap coins that have a small circulation.

easy to control? 1$ or 1000$ is the same for controlling.
the only difference is psychology.

justdimin

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Quote from: St4yInTh3D4rk on March 06, 2019, 11:36:36 PM

Quote from: bitbunnny on March 06, 2019, 03:02:50 PM

Quote from: justspare on March 06, 2019, 02:35:39 PM

I don't see any good reason why anyone will want to trade with as low as $1, it doesn't make any sense because I don't think $1 worth of coin would give you any profit, you might just end up losing all your funds to fee on exchange.
I don't think there is any exchange that allows one to trade with as low as $1 with very low fees and even if there is any, I won't advise you to trade with the such amount of money unless you are ready to give it up as fees.

I agree, it looks strange if someone wants to trade with only 1$ but on the other hand it could make sense. But only in terms of gaining experiences and learning. Then I can understand that someone wants to invest only such small amount and not to risk anything. Still even in that case I would invest a bit more to get more realistic feeling. Exactly the fact that you can trade with really small amounts makes really big advantage for Bitcoin and other cryptocurrencies compared to other trading assets like stocks or similar.

Still one dollar can't be useful for trading on exchanges since most of the trading platforms assigned some minimum transaction limit value so we need to have some amount to get that value away from that minimum limit and also can have choices while choosing the trading pairs.

Smaller values too can be of huge cause because as we know the cryptocurrency markets are in demand which will only make them go upwards in the future.

Even investing a single dollar can make huge changes ahead as even single satoshi can be much valuable ahead. Peoples who newly start into trading won’t go for higher amounts as soon as they start so there surely might be a number of exchanges supporting lower volumes.

cheezcarls

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Quote from: Youssef27 on March 05, 2019, 12:02:50 PM

Hello all,

I have a question:
Is there anyway or any where on some exchange a way to trade BTC/USD with 1 dollar per 1 dollar move with total fee less than 1 dollar?

Thanks

If you are on a budget, you need to start a decent amount that would not eat up your trading fees too much. To give you an idea about my preferred amount, it’s between $10 to $20 worth of coins/tokens when I start doing the buy/sell game.

Binance is a good exchange for you to start trading BTC. To give you an idea about trading with Ethereum (in case you wanna explore this) you can try MetaMorph Pro exchange as it has 0% trading fees while on Alpha Stage.

However, I don’t think $1 is an ideal amount for you to start day trading (unless you just hold it until the market skyrockets). Just my two sats.

Topic: Trading with small budget - page 12. (Read 2166 times)