Hello everyone,
I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?
One of the most crucial fundamental concepts in trading is knowing how much you're willing to gain and how much risk you're willing to accept. The market is rife with tremendous volatility, which might appear at any fixed time. It is feasible to begin trading with $20, but it is difficult to grow because of impatience and desperation. More traders are unable to pass these tests since they are keen to increase their gains from the market. The mindset must be educated based on a single trading technique that will undoubtedly decrease one's losses to a bare minimum.
You are right, the amount we will get is proportional to the risk we will accept. When we want big profits, then it will be accompanied by big risks too. It's fine to start with $20, but it will determine how much you get.
We can use the $ 20 as a means to learn and seek more extensive knowledge about the investment or trading space. If we are serious then we will get that knowledge, regarding the lack of capital that we have I think over time there will definitely be a way to further increase our capital.