Post
Topic
Board Trading Discussion
Re: Starting trade with small amount
by
Ailmand
on 20/12/2017, 14:27:08 UTC
Yeah sure you can do this, depending what you define as a small amount.
On Poloniex for example, you can deposit as little BTC or altcoins as you like and start trading, they don't seem to have any minimum deposit requirements listed.

How much do you have to start trading with? If it's just dust it's obviously not going to be enough for the fees etc.

Everything starts with something small. A million would not be complete without starting to a few bucks and coins. I think, in the topic of trading, it would be better to start small so that you have control over your loses and that would mitigate the negative effects of losing your money, which is very discouraging especially if you are just starting out, and you have no big capital to use. Also, you should choose coins that within the value of what you're willing to shed off because that would make your trade progress little by little, wherein you can micromanage every trade you do instead of going straight to bitcoins and competing against the big guns when you don't even if a little gun to fire. To be able to do that, you should read first and maybe look for some tutorials and suggestions to guide you in your decisions on what trades to make. Smiley