Post
Topic
Board Beginners & Help
Re: Wanna be a trader
by
r1s2g3
on 27/05/2018, 02:19:14 UTC
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.