Post
Topic
Board Trading Discussion
Re: how to start trading with a very small amount
by
freedomgo
on 22/10/2016, 06:03:52 UTC
Either you start with a smaller or bigger amount the most important factor is how knowledgeable you are about it and what strategy you will follow to make profits and reduce the risks, and if you can manage this then rest everything will be fine with you.
accuracy and also choosing the right time can make us benefit. plus a luck factor. it will cause you to make a profit. take a look at how a coin moves, ascent and decline. you have to take the momentum that existed at the time.

Taking right action at the right time is very important when you are playing with altcoins as you cannot afford to miss the dumps and pumps and if you miss then it won't be profitable for you.
Exactly and if we don't know about pump and dump of a particular coin then something dangerous can happen which is - we buy the coin in pump and sell while dump ! So knowledge about the coin you are investing in is must and never get too greedy and think of 20-30% profit is enough and good, don't rush for triple or double your money.
When you are dealing with a coin that is good in pump and dump you need to invest time as you need to pay attention for you to be able to have the right timing to buy and sell a coins, and if you are good at it you can make easy profit doing day trading, some users bot and I have not tried it yet.