Post
Topic
Board Trading Discussion
Re: Is there a required amount before you start trading?
by
Yamifoud
on 28/12/2018, 11:19:21 UTC
I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
Trading is quite challenging and difficult thus making a reasonable fortune or profits requires a huge capital for a start up while risking a small percentage for each trade I.e money management however a person can also use $100 for a start but profit making will be small compared to the efforts and time put in trading with such an amount of money.
Yes, there is a huge profit if you have a huge capital but the risk of losing big also if not properly manage. Following our strategic plan will help us to maintain and to keep safe from losing by then.
That is why, we should have a concrete plan before starting an investment.