Post
Topic
Board Beginners & Help
Re: How to be a successful trader?
by
Ndabagi01
on 06/02/2023, 21:24:37 UTC
For some time now I have been making a plan that I will trade on the crypto platform . But I am not able to trade because I don't have enough knowledge about trading. I have no idea how much money is needed to trade or what coins I can currently profit from trading.

There is no minimum or maximum amount you can put into trading; just make sure you put money into trading that you won't need right now to avoid exiting the market when you're already profiting from it, as in the case of emergency funds. Learning is the most important thing you need before you begin trading, so learn how to trade first before you begin investing in order to get a good guide in the market.

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But I feel like if I trade bitcoins I might be able to make a profit. First I am going to start this business with a small amount of money. If I can make a profit by trading then I will trade with more money later.

Bitcoin is the best currency for a beginner to trade because it allows for risk management and, to some extent, loss minimization. Bitcoin is the only coin on which you can rely and profit in the long run if you invest for a long period of time.