You are the only person who can stop yourself from losing, you probably keep losing constantly because you refused to learn from your past mistakes, learn trading from experts, understands the basics before starting all over again, the power to lose or gain is in you, choose one.
Thanks for suggestion i am starting again learning from basics.
Topic: What is good amount to start day trading is 100$ enough?? - page 4. (Read 2797 times)
Honestly, if you're not trading with at least $10,000, then you are probably wasting your time.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
First, trading with less than $10K doesn't always mean time wasting. I mean, I've seen people who started with about $500 and worked their way to gain about $10K in gains. Even with $100, a lot could be achieved but it'll be slow-paced. Talking about leverages, it comes with a lot more risk especially for traders who doesn't have much experience as any slight turn of the market in the opposite direction could blow up your account.
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
Let me share to you my experienced in cryptocurrency, there's a platform where I deposited 10$ only then I tried to make an
actual practice in trading, there's a coin I chose to trade in with that amount. In just 3 days my 10$ became 23$ and I was so happy, and
I continued what I had started then every week my assets was increase until 1 month my 10$ became 281$ and I was so amazed.
Therefore, 100$ is too much for me as my starting trade.
If you dont have enough experience in trading, it is better to start with smallest amount possible. Check with regulated brokers what is minimum amount to deposit. If you see that you can earn money with $100 than you can easy increase your investment
You can even go one step further and just trade on platforms that have a live demo feature, there's plenty of them available—even for spot exchanges, derivatives and margin trading platforms.
Alternatively, you can just plot your entry and exit points using a technical analysis and charting tool like Teamviewer, most of the exchanges have integrated this anyway.
Just google "cryptocurrency exchange demo trading" and you'll find a bunch of platforms.
Be careful though, most platforms only give you a fixed amount of testnet funds to play with. After that you'll need to either recharge it move to the main trading platform.
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I want to make it clear beforehand that capital is priority number 3...the first priority that you must have is the skill/basic knowledge about trading and the second is the mentality that must be prepared with the possibility of loss that will occur in the future. if you already have the thing I mentioned, with capital only $ 20 you can make a big profit.
I do agree about the priority but I don't think that is enough to give you a profit.
Even professional investors or traders can lose, what they can do is just lessen the risk they are taking but then again, skill/knowledge and strong mentality can't always mean a big profit. Loss is inevitable in trading especially if you will be taking the market of cryptocurrencies that is so volatile and unpredictable.
I agree that it is not possible to enter a large turnover of large exchanges without losses.
If you dont have enough experience in trading, it is better to start with smallest amount possible. Check with regulated brokers what is minimum amount to deposit. If you see that you can earn money with $100 than you can easy increase your investment
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
100 $ is enough for beginners because that amount is tolerable to lose.I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
and also your consecutive loses are normal for starting.
Just let yourself know the mistakes you commit so it will be use as learn to experiences.
...
I want to make it clear beforehand that capital is priority number 3...the first priority that you must have is the skill/basic knowledge about trading and the second is the mentality that must be prepared with the possibility of loss that will occur in the future. if you already have the thing I mentioned, with capital only $ 20 you can make a big profit.
I do agree about the priority but I don't think that is enough to give you a profit.
Even professional investors or traders can lose, what they can do is just lessen the risk they are taking but then again, skill/knowledge and strong mentality can't always mean a big profit. Loss is inevitable in trading especially if you will be taking the market of cryptocurrencies that is so volatile and unpredictable.
You are the only person who can stop yourself from losing, you probably keep losing constantly because you refused to learn from your past mistakes, learn trading from experts, understands the basics before starting all over again, the power to lose or gain is in you, choose one.
Learning is very important steps because not everyone can be an expert in trading. Stop loss is a must else you can lose all your money in a quick time. Always trade with amount which is limited, or one can afford to lose and 100$ just to begin is a also good amount. Try to make some profit from it and once you become an expert one can trade with bigger amount.
100% is enough to start out day trading because it's better to start out with a little amount at the start albeit the damage goes through a touch it's possible to form a profit a day if you begin with 100% but if you've got enough knowledge about trading. However just in case of doing business keep an outsized account as long as you've got 400 long-term investments If the worth goes up you'll get double profit.
Your capital is not an important thing for you to focus, the important thing for you to do is to make it grow. No matter how much money you invest in trading, as long as you make it grow, as long as you are rooting for success. There are people who are investing even an 80% to start their trading journey and now they are earning profits.
Also, no matter how big or small your profit is, as long as you are earning instead of losing.
You just need to make sure that everything that happens to your asset is worth it and don't regret if you have a mistake and lose your money.
In trading, you need to learn and from small amount of money, you should benefit it until the end.
It's not enough if you are looking for short term results and you are aiming for big amounts of profits,
but if you are patience and you do value knowledge while learning inside this business,
that certain amount will work and you can make it happened to grow slowly but steadily.
For the short term, only $ 100 is indeed quite difficult. To get maximum results in the short term, it requires a large enough capital so that you will have a backup of funds to do scalping.but if you are patience and you do value knowledge while learning inside this business,
that certain amount will work and you can make it happened to grow slowly but steadily.
But if it's really good at managing strategies and analysis in trading $ 100 alone is enough to grow to many times over.
The most basic thing to do trading is to manage funds well.
You are the only person who can stop yourself from losing, you probably keep losing constantly because you refused to learn from your past mistakes, learn trading from experts, understands the basics before starting all over again, the power to lose or gain is in you, choose one.
Honestly, if you're not trading with at least $10,000, then you are probably wasting your time.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
In order to generate a fair yearly salary (~$40,000) form $100, you would need to multiply your money by 400x... That is just unrealistic.
However, if you're moving $10,000+, you only need to turn over 300% profit, which is still difficult but doable by the right traders.
Realistically, you'd need to be moving more like $100k+ (leveraged or not) in order to generate a living from trading, since that would be a more modest 40% ROI.
Remember, you don't need to actually have $10,000 in your account to open a $10k position—leverage exists for a reason, make good use of it.
In order to generate a fair yearly salary (~$40,000) form $100, you would need to multiply your money by 400x... That is just unrealistic.
However, if you're moving $10,000+, you only need to turn over 300% profit, which is still difficult but doable by the right traders.
Realistically, you'd need to be moving more like $100k+ (leveraged or not) in order to generate a living from trading, since that would be a more modest 40% ROI.
You guys are making it look like it is impossible to start trading unless you are rich. Of course you can start trading, and there are even methods where you "may" make a lot of money as well such as leverage trading and ICO's that could go berzerk and all similar stuff. Obviously it is not common and it is not easy, if it was that easy everyone would have done it and would be rich right now but it is also not 0% neither, it has a chance to happen and you could give it a go.
By the looks of the answers here, they are talking logical as well, I mean if you get in with 100 dollars and do not want to risk it all right away, you would have to make safe trades and those will net you not that much, sure good enough in the percentage column but when you look at the dollar column you will see a little bit amount.
By the looks of the answers here, they are talking logical as well, I mean if you get in with 100 dollars and do not want to risk it all right away, you would have to make safe trades and those will net you not that much, sure good enough in the percentage column but when you look at the dollar column you will see a little bit amount.
It depends on how much each person wants to put in to trade. I am a student at a financial university and am trying to trade at forex market and crypto market. and I, like newcomers, still had 2 accounts burned but my total loss was $ 100, I realized many lessons after a period of trading. Many people have to spend tens of thousands of dollars to realize the same things I do. So for newbie like us, we should only trade with the lowest account possible. avoid losing too much and then get frustrated and can't keep working.
How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
You lost your accounts? Did you jusf forgot your passwords? Or you are always being hacked? Or probably the trading platfrom thst you've chosen to trade is a scam? I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
I never lost any trading accounts. You should not lose even a single one dude.
Well, I suggest that you should pick up the legitimate trading site like binance.
Also make your accounts more secured. Use strong passwords and do not use passwords that you are already using.
Be careful dude, you already lost huge money, yet you're not even started trading.
To start day trading does not depend on the amount of capital used, but knowledge of trading which has the most important role.
If you have good knowledge, you can certainly make good strategies too. Even I have a friend starting a day trading from a capital
of $ 10. With a good strategy and risk management the results will be extraordinary.
If you have good knowledge, you can certainly make good strategies too. Even I have a friend starting a day trading from a capital
of $ 10. With a good strategy and risk management the results will be extraordinary.
...
I want to make it clear beforehand that capital is priority number 3...the first priority that you must have is the skill/basic knowledge about trading and the second is the mentality that must be prepared with the possibility of loss that will occur in the future. if you already have the thing I mentioned, with capital only $ 20 you can make a big profit.
Normally our fundamental goal with trading is to earn.
So meaning for a large return there must be a large investment program to complete your task in trading, therefore, aside from getting the expected profit, you should improve your skills on holding.
Both funds and knowledge pays a big role when you are into this investment, the bigger you use as capital thehigher chance that you'll be banking bigger profits, though you also needs to
consider the risk and the strategy to make sure that you'll gain satisfactions
with the results that you'll going to get.
The $100 is not enough to proceed with trading, In practical reason, I think you need more than that to set aside your percentage, cost, and expenses together with your daily returns.
It's not enough if you are looking for short term results and you are aiming for big amounts of profits,but if you are patience and you do value knowledge while learning inside this business,
that certain amount will work and you can make it happened to grow slowly but steadily.
I think in trading there always possibility to lose amount that may be small or big and 5 times you lose your amount that is very big question here. You have to learn more about trading i think before investment then you can gain. 100$ is not small money yet but you have to proper utilize this $ so that you may gainer. If you invest into shit coin or dumping coin you can not go ahead. So start your trading with 100$ in proper way.
thanks.
thanks.
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