I fit start trading with small cash?

[rachael9385]

If him Dom get business idea make him fire down because delay dey dangerous as him Dom try get that one if anything dey make him use am start before him go chop the money finish. Na the amount of seriousness wey u put naim go yield for u, him fit dey do that him small business then every 1 naira dey come him dey add make him stay away from him capital like that him fit make am.
The only question be say for this our economy wetin $20 fit start up.

[Celph]

One of my friend way I tell about crypto currencies, em like everything I tell am, em come say em wan start with trading. Now I ask am like how much em get to use take start em say na $20, I smile, but on the other hand, na money. So, make em continue or make em increase the capital?
How una see the matter?

Yes na.
Buh the thing be say,one thing youa suppose know as you be investor be say trading be like casino.The higher you stake,the higher return wey you go get and the lower you stake,the Lower retur you gazz still get.
But anyhow sha,i myself fully understamd why e talk say e wan use 20 dollars.Reason be say,person wey never profit from trading no go wan put all e assets or put alot of capital untop trading because e no know wetin go still sup,whether e go benefit or whether e fit loose.But as time goes on,with the right investment decision ,e go dey stake higher gradually.E dey common with newbies.

[Mia Chloe]

One of my friend way I tell about crypto currencies, em like everything I tell am, em come say em wan start with trading. Now I ask am like how much em get to use take start em say na $20, I smile, but on the other hand, na money. So, make em continue or make em increase the capital?
How una see the matter?

I think one mistake most people make when it comes to trading either Forex or crypto is that they often think of capital first before knowledge. Becoming a successful trader requires more than having enough money to pump into a trade. Yes the market is moved by volume and liquidity, however you need to be able to tell market dynamics and strategies to be able to place winning trades.

For a newbie retail trader, well if you have a sound understanding of market dynamics, $20 should be ok for a little start. However in a case like this you would be restricted on your risk and try maximising SMCs , however the fact remains risks in trading are directly relatable to huge profits too.

[Asiska02]

Amount wey person go start trading with no really matter per se o. Wetin important pass na the knowledge wey them go get on top that trading wey go dey give them return on anything wey them do with the money wey them take invest for the trading. Even if your friend get more than this amount and him no sabi trading, him go still lose all this money to trading. The knowledge na him be the koko and if you don get the knowledge, you don already dey halfway to make am through trading already. So make your friend and make you also let am know say e better make him focus on trading and perfecting it than the money wey him get to put for the trading.

[Tribalchief]

Amount wey person go start trading with no really matter per se o. Wetin important pass na the knowledge wey them go get on top that trading wey go dey give them return on anything wey them do with the money wey them take invest for the trading. Even if your friend get more than this amount and him no sabi trading, him go still lose all this money to trading. The knowledge na him be the koko and if you don get the knowledge, you don already dey halfway to make am through trading already. So make your friend and make you also let am know say e better make him focus on trading and perfecting it than the money wey him get to put for the trading.

Trend dey very complex, especially for people wey see am for the very first time, and feel say them go fit do am the wey the professionals dey do. Just like you've said, the knowledge is very important, and should probably be the first thing, but man suppose still hold real funds wey em go take start. Demo trading no go really go a long way, because person suppose lose at some point, inorder to know how e dey feel. No amount of knowledge go give person the real experience if he/she no lose real money.