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Stake

The first thing to consider when trading Litecoin – or any asset for that matter – is deciding how much capital you are prepared to put into the trade. It should be remembered that day trading carries an inherent risk, so you should always bear this in mind when budgeting for transactions. 

It’s not uncommon for brokers to set a minimum amount per trade – which varies hugely depending on your provider – but as a general rule, most successful traders will never risk more than 1% of their total account balance. If you’re still learning how to trade Litecoin, then a conservative approach is advised. 

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