Quote from: Aldavetheboss on January 08, 2018, 06:22:51 PM

What would you say is the best amount to risk in the beginning for trading crypto? Also, which crypto, and which exchange? Appreciate your thoughts.

For the new trader, your goal should be to make all your mistakes early in your developmental process when you are trading very small positions and risking a small amount of your capital. Early in your career, you want to survive your learning curve. Trading too largeputting on too much risk for your account sizeexposes you to potentially ruinous drawdowns and can leave emotional scars that dont readily heal. You want to start your career assuming youll make plenty of rookie mistakes and ensuring that those will not erode your capital. One of the great mistakes new traders make is to put pressure on themselves to make a living from their trading. Before you can make your living from trading, you first have to establish consistency and build confidence. Short circuiting your learning process is the greatest threat to learning.

My recommendation to new traders is that they should only take trades they love! There is always a trade you can convince yourself you like. But if you only take trades you love, you will find yourself trading a lot less frequently and far more effectively.