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?
The question now is that, it's starting with a huge amount of money on trading guarantee or makes a successful trader? No, never! Why? Because trading isn't just about the amount of money you have to risk but primarily about the amount of trading knowledge and experience you've been able to gather about the market over the course of time.
You're sure to losing it all if you'll just have to jump into trading because you think you have gotten a huge amount to risk. And you really don't have to risk money because you have it, but while risking it should in amount you can simply afford to lose, and this is the point a good risk management strategy becomes necessary...