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.

[Rruchi man]

So, make em continue or make em increase the capital?
How una see the matter?

Sometimes it is not just the capital you have to start trading that matters but the amount of knowledge that you have in place already because even if you start trading with a very huge amount of money, the potential to lose it is still there, but if you start trading with a smaller amount of money and have adequate knowledge to properly manage it and ensure that you make little losses. You'll be able to grow that little amount into a substantial amount of money that you could further use in trading to make more. Understand?

[Axcel777]

So, make em continue or make em increase the capital?
How una see the matter?

Sometimes it is not just the capital you have to start trading that matters but the amount of knowledge that you have in place already because even if you start trading with a very huge amount of money, the potential to lose it is still there, but if you start trading with a smaller amount of money and have adequate knowledge to properly manage it and ensure that you make little losses. You'll be able to grow that little amount into a substantial amount of money that you could further use in trading to make more. Understand?

We can admit that it would be worth recognising that trading is not only the numbers as the amount of money but also the ability to learn and manage it. We get to train, therefore getting a feel of the actual market without bearing excessive risk. This makes it possible for us to progress at a slow pace increasing our confidence level in the event, which gives us an opportunity to achieve consistent long-term results.

[Mia Chloe]

We can admit that it would be worth recognising that trading is not only the numbers as the amount of money but also the ability to learn and manage it. We get to train, therefore getting a feel of the actual market without bearing excessive risk. This makes it possible for us to progress at a slow pace increasing our confidence level in the event, which gives us an opportunity to achieve consistent long-term results.

Yes one of the things that adds as a plus for an experienced trader is ability to manage equity but the truth is it's not as easy as it sounds. Trading comes with a lot of emotional stress especially if you are still learning however later on with consistency you get to stand against emotional breakdown over time.

Generally as long as you have a sound knowledge and first hand experience, trading is far more interesting when you have more as capital to risk in a trade. Another important thing is knowing your entry and it's actually more difficult if you are trying to manage funds because you may not be able to afford the trend retesting against your direction and in a case like that you need to know how to make precise entries called sniper entries.

[Axcel777]

We can admit that it would be worth recognising that trading is not only the numbers as the amount of money but also the ability to learn and manage it. We get to train, therefore getting a feel of the actual market without bearing excessive risk. This makes it possible for us to progress at a slow pace increasing our confidence level in the event, which gives us an opportunity to achieve consistent long-term results.

Yes one of the things that adds as a plus for an experienced trader is ability to manage equity but the truth is it's not as easy as it sounds. Trading comes with a lot of emotional stress especially if you are still learning however later on with consistency you get to stand against emotional breakdown over time.

Generally as long as you have a sound knowledge and first hand experience, trading is far more interesting when you have more as capital to risk in a trade. Another important thing is knowing your entry and it's actually more difficult if you are trying to manage funds because you may not be able to afford the trend retesting against your direction and in a case like that you need to know how to make precise entries called sniper entries.

The management of equity in trading most definitely is a measured process just like handling of human beings especially when the going gets tough. In decision-making, we may sometimes feel the pressure whenever something goes wrong, but the lack of learning from steps takes us to the next level better every time. A greater sense of confidence comes from having a plan in the first place and sticking with it to the best of our abilities. Only if we develop this process and learn how the market functions gradually, we can enhance our potential to read the signals and make appropriate decisions. Day trading predistribution is not about manpower, but about how we use experience as a means of taking wiser steps.

[Penlex_Writer]

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?

my points of view, i can't discourage anybody from starting from small,because starting from small can still make you to know more experience and also study and evaluate the markets before thinking of applying more risk.

[Agbe]

E good if he starts trading with little amount of money, because na him first time be dat. but he no suppose put all his eggs for one basket. trading with little capital no be the main problem, but the main problem be say, you suppose understand the markets well, cos e matter well well. you no go just jump into trading, wey you know nothing about, bcos no be anything wey dey hand, dem dey put for mouth, some go bitter, while some go sweets. Na  dat be the main reason why you suppose find knowledge, b4 you start am. If he go learn how trading dey work, he go fit know how to run am well well.

Getting the necessary idea/knowledge is very important, but one needs to put those knowledge to test at some point. One can learn and gather all the necessary information that helps a trader manage risk or do other important things, but the trader can only have that full experience when he/she starts putting him money. One thing that is very important to understand is that making losses can sometimes be part of the game, as no trader should see that as a failure, but rather, something to learn from. Truth is, the journey to trading has it's sweet side and the bitter side. Information is very important, but having that experience is more crucial.

You're right because getting the right knowledge is key and fundamental to any potential trader who plans to make headway in trading as it's the first step when it comes to trading it's after you have gotten the needed training in terms of getting the right knowledge that you can actually go into trading and for beginners i will recommend that they start with small money because they are not too familiar with the trading environment and the market general because one thing about trading is that the more you trade the mote experience you acquire so don't start trading with big money but with money you can avoid to lose

[Mate2237]

In trading the more di person increase the trading amount the more him go make good profit. If the trader uses small amount of money to trade he might not have a good profit if he is trading short term but if it is long term, he will have profit but will need t big as expected.

This is where the difference between trading and gambling comes to play. In gambling you can make a good profit with small amount but in trading you need good capital to make good profit.

[Penlex_Writer]

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?

Me I been start with $11. The thing way dey dia be say, im fit start dat amount but nah small small profit im  go dey get. If im start with bigger capital, nah so im profit go increase.

My broda, nor vex, Na this year you enter trading? Cause since this year, the market just de go down down. E de okay if em buy upto 2-3 different coins them or make em buy only 1 coin?

Nah last year I start to trade. Make him buy like 2 to 3 different type of coins. Make him no buy only one although me I start with one, xrp before I come sell am and buy ETH.

you can start with a small cash,but as time goes on with the knowledge and experience your investment increases,so you can start from somewhere,and finally before involving in trading meet with an expert to guide you on the coin to purchase.

Okay, that your advice na very better one.
That is to say na fractions na em oh buy na as em capital no too big.

[Axcel777]

In trading the more di person increase the trading amount the more him go make good profit. If the trader uses small amount of money to trade he might not have a good profit if he is trading short term but if it is long term, he will have profit but will need t big as expected.

This is where the difference between trading and gambling comes to play. In gambling you can make a good profit with small amount but in trading you need good capital to make good profit.

Comparison of trading and gambling is made from time to time, however, there are several significant dissimilarities in approach towards decision making and risk control. As with the short and long staking, it is concerned with the analysis, planning as well as the understanding of the market. It is a fact that larger capital can also provide more opportunity for profit, but it is also well knowing that significant loss can also be made. On the other hand, gambling is done with the aspect of luck having the major influence and less or no control over the result. This is quite rational as most of the decisions during trading are made alogarithmically and are not based on assumptions. Hence, one needs to learn more especially on strategy and risk so that they can make their trade worthy in the market.

[Cantsay]

This is where the difference between trading and gambling comes to play. In gambling you can make a good profit with small amount but in trading you need good capital to make good profit.

Both of them you can make good money from it with little amount but the thing is that you’ll be increasing the risk of you losing your money significantly so instead of trading gambling with little risk and getting little returns you’ll increase the risk and also the possible amount that you’ll get if everything goes according to your analysis.

So if you’re trading it’s worth having a good amount at hand and also know what you’re doing so you won’t end up blowing everything off.