Post
CRYPTO MECHANIC
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A question i got asked so many times.
Any advice for the low capital? what is minimum capital you need for a good profit around 500 to 1000 monthly?
The truth is you don't need the capital first.
You need the market knowledge first.
When to enter
When to exit
What to do if it goes against you.
Why are you choosing a coin to trade.
How to choose a coin.
How managing risk works.
Then comes the question how much money do I need to start trading.
If how much money you can make from trading comes before these questions.
The answer is you can make zero money.
Actually you can lose what you have in no time.
Once you have these answers
Start with $100 or the minimum you are ok to lose.
Trade with it, find yourself making money consistently for atleast 5-6 months.
The process of making money with minimum balance will be slow but you're in your learning phase.
Once you find that you're consistently profitable.
Then add more money to get more benefits of your trading skills.
Any advice for the low capital? what is minimum capital you need for a good profit around 500 to 1000 monthly?
The truth is you don't need the capital first.
You need the market knowledge first.
When to enter
When to exit
What to do if it goes against you.
Why are you choosing a coin to trade.
How to choose a coin.
How managing risk works.
Then comes the question how much money do I need to start trading.
If how much money you can make from trading comes before these questions.
The answer is you can make zero money.
Actually you can lose what you have in no time.
Once you have these answers
Start with $100 or the minimum you are ok to lose.
Trade with it, find yourself making money consistently for atleast 5-6 months.
The process of making money with minimum balance will be slow but you're in your learning phase.
Once you find that you're consistently profitable.
Then add more money to get more benefits of your trading skills.