Quote from: tottong on Today at 06:48:40 AM

Quote from: Gooner0 on October 23, 2024, 10:25:44 PM

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?

You don't need to spend a lot of money to trade before you have good skills because it can be done according to your ability to bear.
It is better to start with a smaller amount of money and can improve skills before getting involved with a much larger amount of money.
Most people misunderstand trading and they think they can make money easily when involved in it.
However if trading skills are not good, what is feared is that you will actually suffer losses because you do not understand trading patterns.

Start practicing with a much smaller amount of money to trade so that it will not affect the psychology that is much greater when you suffer losses in the trades you run.

Losses are something that every trader has to go through and this happens even more to beginners. I have never seen a trader who has never lost or can become a professional trader without experiencing any losses. Therefore, using the smallest amount of capital is always the top advice that any new trader needs to know.

In trading and investing, large capital is an advantage because it can bring us more profits, but that is only true if we have enough knowledge and experience in the market. On the contrary, if we don't have much experience and knowledge, it will only make us go bankrupt faster.