Wanna be a trader - page 2. | Bitcointalksearch.org

r1s2g3

sr. member

Activity: 742

Merit: 395

I am alive but in hibernation.

Quote from: TheAncient on May 24, 2018, 01:32:14 AM

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

You can trade with as little as 100 doge coin in exchange like Cryptopia. Tody price of Doge coin is 47 satoshi and BTC price is $7324.
So it means you can start your trading career with as little as 35 cents.

But if you want to get into trading thinking that you can make easy quick bucks , then I will say reconsider your decision.

Any way , I will suggest you too just put 1/2 of amount in trade that you can comfortably lose. The other 1/2 amount is to buy in dip , if your first 1/2 got diminished due to unforeseen market circumstances.

Actually this happened with me, I purchased Doge coin @75 satoshi with bitcoin price around $17K. Fast forward , Bitcoin price dropped to 8.5 K and doge price to 38 satoshis. You can see how easily the original investment become 1/4 of its original value. That's why I suggest to keep other half in reserve so that you are able to purchase in this bearish market to minimize the loss.

Dhanems

jr. member

Activity: 448

Merit: 2

It's depend on exchange if how much thier minimum deposit to start to buy and sell or trade,what exchange do you want to try?poloniex,Cryptopia,binance,hitsbtc,btc-alpha,mercatox,yobit etc.:)make it habit to read always the rules and policy:)

Gembul0705

member

Activity: 168

Merit: 24

I can recommended you by doing like this
1. Have the right knowledge before trading
2. Be realistic
3. Start with small amount of funds and use free money not money for daily needs
4. Consider Trading Psychology, dont use your emotional if you be atrader
5. You must implement money management.
6. Make a trading plan clearly.
.But all of that must be trained continuously in order to become a good trader.

gawer33

jr. member

Activity: 309

Merit: 5

have you tried simulation trading it's like your not using money but the trades result depends on the real values of the coins? you can try https://coinmarketgame.com/app and use tradingview for charting.
this will help you to practice trading strategy

MintDiceSupport

member

Activity: 154

Merit: 11

MintDice Support

The isn't really a minimum you need to trade, but it's advisable to do your research before putting your money into anything.

crairezx20

legendary

Activity: 1638

Merit: 1046

Investing a small amount is enough to start to learn how to trade until you master how to trade before you invest a large amount of money.
Try to invest in some altcoin when the price drops and sell them if the price increase 10% to 25% and spend time monitoring the price of altcoin you are holding.
Just keep practicing until your small investment growing and keep your feelings calm and you can be learned from every mistake you made so its normal to lose in trading.

kalehon

member

Activity: 252

Merit: 10

If you want to start trading cryptocurrencies, I advice you to start with a budget of about $100 - $200 and try to daily trade the common ones like bitcoin, ripple, bitcoin cash etc.

nature_gh

newbie

Activity: 8

Merit: 0

Quote from: TheAncient on May 24, 2018, 01:32:14 AM

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

traders invest and withdraw the currency on short intervals. if theoretically shoddy and have a lot of free time, you can earn

upekhaanthony

member

Activity: 238

Merit: 10

It depends on what amount do you have and the minimum amount that exchanges accepted. Trading the one the best ways to develop your portfolio as well as lose your money. Before entering the trading you need better knowledge how the market is going on. otherwise, you will go to lose your money. I started to do trading buying 200$ ETH. (I buy ETH because it transaction fee is lower than bitcoin. After convert them ETH to BTC by the exchange that I going trade)

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: HabBear on May 26, 2018, 12:46:37 AM

Quote from: mk4 on May 25, 2018, 09:47:15 PM

If you're going to constantly make profit then you could even start with as low as $10 and end up with hundreds and thousands in no time.

This is totally false. You'll spend more in transaction fees than the $10 you're trying to trade.

Well, it completely depends. Is it likely? No. But is it possible? Definitely. If OP constantly and accurately bought the correct pumping coins then it's definitely very possible. OP didn't specify if he was planning on doing day trading or somewhat longer-term trading to start with.

sdkbss

newbie

Activity: 9

Merit: 0

if u have money to start, u should invest firt in you, u shoud first lern to trade. i would say, u should first invest time to read a couple books, and to see videos tutorials about the trading in general. You can do it for free, there is enought information onlne. but if you have money, and you wanna invest to start, you can buy a trading book or a trading curs.

hugeblack

legendary

Activity: 2646

Merit: 3911

The most important rules in investing: Do not invest in what you do not know, Do not spend more than you can’t lose & Do not invest recklessly.
If you have a good idea about wallets, trading platforms, price volatility, how to deal with losses, as well as a clear plan for your investment, start now, otherwise, you will lose your money.
It does not depend on the amount, but how you can make profits from your investment, the market is open you can start with $ 1

HabBear

hero member

Activity: 1106

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Quote from: TheAncient on May 24, 2018, 01:32:14 AM

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

I'd start with $1000. You don't want to have to go all in with each trade. Starting with a $1000 purse allows you to make $250 or $500 trades and keep the remainder on the side lines to double down if the market starts to get away from you OR to serve as a reserve in case your initial trade gets blown up.

Quote from: mk4 on May 25, 2018, 09:47:15 PM

If you're going to constantly make profit then you could even start with as low as $10 and end up with hundreds and thousands in no time.

This is totally false. You'll spend more in transaction fees than the $10 you're trying to trade.

ompoetra

jr. member

Activity: 154

Merit: 1

tips for you before starting as a trader
1. Prepare the budget. If your budget is less, rather difficult to rely on trading
as a source of daily income.

2. Know the ins and outs of trading first. Do not learn when deciding on trading for living. Instead learn trading long before. Not just about technical trading, you should already know how to manage money and manage risk.

little experience I first start a trade Grin

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

You can start with pretty much any amount. The question is, are you actually going to make profit? If you're going to constantly make profit then you could even start with as low as $10 and end up with hundreds and thousands in no time. The only question is, can you?

MK-BTC

member

Activity: 95

Merit: 23

Trading can give huge profits but also huge losses, everything is possible. I would also recommend to start with only a few amount after reading a lot and if you are succesful you can increase your amount. I prefer to avoid trading, it's too risky for me.
But good luck!

Harlot

hero member

Activity: 1806

Merit: 672

You can start with any amount because as far as I know there are no minimum deposits in Crypto Exchanges. The only thing you can do is to know how much money are you willing to risk in order to enter trading, and judging on how the way you ask you are not even prepared to lose/risk money as joining right now without knowledge of what you are doing is like kissing your money good bye. What I will suggest is like what they have said learn first how to trade but also identify what your risk tolerance is as well as how you will manage your capital now that you are trading.

LtMotioN

member

Activity: 210

Merit: 29

Best way is to learn by doing honestly. Just go to binance and do it.
I would however highly recommend against trading with a lot of money. Start off with 20 dollars or something. If you can consistently grow that then start trading for real after a few months.

Apple4myCat

member

Activity: 224

Merit: 10

Quote from: TheAncient on May 24, 2018, 01:32:14 AM

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

I would recommend that you first read the literature on trade. Prepare well for trading, otherwise you can just lose money.

TheAncient

newbie

Activity: 27

Merit: 1

Guys I want to be a trader and as a newbie I want first to know if "how much do i need to start in trading?" can you guys share any of your experience?

Topic: Wanna be a trader - page 2. (Read 1042 times)