How Much Money I ACTUALLY Needed To Become A Full-Time Crypto Trader!

Crypto Banter

Introduction to Bitfunded

  • Bitfunded is a platform that allows users to trade with other people's money to maximize gains.
  • The platform offers a challenge where users can sign up and trade with a funded account.

How to Get Started

  1. Sign up: Use the link provided to sign up for Bitfunded and join the challenge.
  2. Choose a challenge: Select a challenge, such as the $5,000 base challenge, which costs $79 to enter.
  3. Meet the requirements: Make 8% on phase one and 5% on phase two to pass the challenge and receive a funded account.

Trading on Bitfunded

  • The platform uses 5x leverage, which cannot be increased.
  • Position sizing: When entering a trade, multiply the desired position size by 5.
  • Separate positions: Bitfunded opens separate positions for each trade, and does not bundle them together.
  • Stop losses: Stop losses must be set at or below the entry price.

Rules and Requirements

  • Risk management: Bitfunded emphasizes risk management and discipline.
  • Maximum daily loss: The maximum daily loss is $1,000 for a $10,000 trading account.
  • Minimum trading days: The minimum trading days required to pass phase one is 5 days.

Benefits and Opportunities

  • Low risk: The risk of losing money is limited to the initial sign-up fee of $79.
  • Multiple accounts: Users can have multiple accounts and try different trading strategies.
  • Community support: Joining a community, such as Chart Hackers, can provide support and education for traders.