I never done trading so curious on this. Also don't have the money to trade as it would be for small amounts so I don't think I could make much. Is that true or false? You need a lot of money to start if you want to make enough trading for a living right?
It isnt really necessary for it to make it big because all matters here on how you do trade efficiently and profitably.It doesnt need to start up on big time and if you are
just starting up from scratch then you're most likely to lost up those funds in first tries.Dont rush up on making yourself sustainable.Yes, it cant give out the
chance to trading for living but it isnt really easy as it sounds yet this situation or target to be attained with take years before you would able to consider yourself
sustainable.
If so, there tons of ppl doing this? Because it seems like if you have a lot of investing money... with how btc is... and it going up and down... wouldn't trading make a lot of sense for someone with a ton of money? I mean we seen ten percent increases and higher in a few day span. And obviously it goes down that as well but as long as you hold and don't sell, well you don't lose. Now imagine a huge thirty percent increase in btc to 13000. This person would make 300000 usd minus fees and minus taxes... they would still take a net of like 190000 usd right?
Main advantage for those people who do have financial capacity.Of course they can earn tons but to think into the other side that they can lose big time to.It will always
equate on how much you had risk and how much the reward that you can potentially earn or also lost.Fees? Its always been part of the ecosystem and you
should really get used to it.
since the OP is very new into crypto trading, he really doesnt need to start big. what may happen if he will start big - he will lose all the money that he has at the start, as no experience or skills in crypto can easily wipe out his funds. ok given that he will stick to btc at first, but he should always stick to the simple trading rule - buy low, sell high. and how he will do it, is up to him. this is the reason why he needs to start small, get the grasp of crypto trading, how things are moving, etc.
dont think that trading big will give you income that will be good for your living. it may be true for other traders, but not all can make that happen. it depends on how a trader strategise his trading activities, and that takes time and experience and lots of tips and tricks that he gathered along the way.