Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?
Trading is risky you can make profit from here and also can loss a major part of your fund so you must have to take this opportunity before start trading. you shouldn't use big amount because you will not get any guarantee for profit from someone or yourself. that's why you should use such amount of money you are afford to loss.
I will suggest you, as you are a beginner trader, so you should use a small amount of money in trading for understand trading risk and learn trading. then if you think you are capable for making profit then you can use any amount of money you want
Some people are willing to take risks because everything these days is about risk; all you have to do is inform him that if he wants to engage in trading skills, he should have a source of income so that he does not use the money he is managing to take risks in the markets. Trading requires knowledge, experience, so that you can know how to stake and analyse and know which step to follow, which can take months to master. Therefore, having a source of income is necessary before taking risks and profiting in the market. You are right trading is risk and if you doesn't have something doing he will put you in trouble, and that is how if you are getting profits that is how you will be happy when the market is going well and that is how if he bad things will be tough. Trading is good is just a main time and patience and you will enjoy it more then investing, because he can be your daily profit.