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Topic: Is sharing insights the key to better trading? - page 3. (Read 703 times)

jr. member
Activity: 476
Merit: 7
Navigating the Crypto world & Holding BGB Along..
I did not know that there is a reward for browsing Bitget Insights and Binance Feed. If it is possible to earn money while you are browsing, this is good, but usually the return is very low, so I recommend to you the importance of developing yourself. I have not read any article on Bitget Insights, but the data from Binance Feed is very basic and is often after a change in the market, so as a trader it may not be of much use to you, but for those who want to analyze the news and use it in future predictions, it is useful.
I did a quick research about this and seems it's a new development that'll run through till March. I also found this, you can check it out https://www.bitget.com/insights/posts/171454
jr. member
Activity: 168
Merit: 1
If there's a way to learn and earn at the same time, of course it's good one since it's free money after all.
The idea of sharing insights is fine, as long as you are talking to someone who can give you the right information and not just to tell you what to buy. There's a risk here if you will just follow their suggestions or insights, to avoid being trap into any project its advisable to do your own research as well and with this, you can learn faster.
Bro, insights are definitely part of the learning journey, and there are lots of ways to earn free money, just like you said.
There's 'Learn to Earn', earning through following insights, and many other ways to get some tokens. Which I don't miss them since they can be more valuable in the future while holding the tokens.
And to be honest with you, I also always verify my information through Googling, Bing, sometimes even official crypto communities on Discord/Telegram.. It's not that hard for me if I have right friends and right communities. But thanks for your advice, cuz I also urge all to see this message that we all should not only rely on one source but multiple sources as more social media..

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?
Whats BGB? Is this is some sort of subtle shill about it? Well I assume this isnt connected or related to your mentioned exxhanges. Trading is different from investment where you can earn on short period of time. Likewise most investment gets appreciated on the long term or if the price is extremely high already.
BGB is a native token of bitget exchange, just like similar to Binance's BNB token. You'll see there's lots of usecases in exchange native tokens, such as participating in launchpool, launchpad, discount in trading fees and many more mate
legendary
Activity: 2702
Merit: 4002
I did not know that there is a reward for browsing Bitget Insights and Binance Feed. If it is possible to earn money while you are browsing, this is good, but usually the return is very low, so I recommend to you the importance of developing yourself. I have not read any article on Bitget Insights, but the data from Binance Feed is very basic and is often after a change in the market, so as a trader it may not be of much use to you, but for those who want to analyze the news and use it in future predictions, it is useful.
sr. member
Activity: 322
Merit: 227
Playbet.io - Crypto Casino and Sportsbook
You can call it "community trading," meaning you are trading based on what you have learned or what you have gained in the community you are in. In that community, many traders are sharing their analysis and insights into the market. From there, you can formulate or plat your technical analysis of the market or you can follow what other's TA are there. It is a very good way to learn in trading, especially if the community is lively and many people or traders are very accommodating with beginners in trading,

I won't use others technical analysis to trade but I can compare their analysis with mine and learn to improve if my isn't better. Using others analysis can be  bad because you don't know if they're good at what they're doing. In a community we'll always have fakers that aren't good but just joining the community. I don't think community trading exits anymore as what I see everyday is channels sharing signals to their subscribers and not a group where traders can join to share strategy and improve each other. Sharing insight is a good way to trade because you can research and learn more but also being solo can help you too because when you do your analysis and it doesn't go as expected, you can know where the problem is coming from and learn to improve because it's your analysis.

legendary
Activity: 3318
Merit: 1185
Playbet.io - Crypto Casino and Sportsbook
Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.
Joining a community and sharing insights there are good ways to improve our knowledge in trading. However, we must have the basic of trading knowledge first before we are sharing insights there. If we have lack of the basic of trading knowledge, sharing insights won't impact much. It is because we must be confused which one should implemented for our trading. When we are sharing insights, there must be too many suggestions or tips for trading. As a trader, we must understand that it is not a must to apply all the strategies in trading, just choose the strategies that fit with our trading style.



While it’s a good idea to share and benefit from shared insights, it’s also a must to educate yourself first and make sure you’ve gained already the basics in trading. That way, even if you benefit ideas from the trading community, you can also make your own analysis at the end of the day. Learn from others trading ideas and strategies but have your own final touch, at least you can increase your chances of profiting from your trades.
full member
Activity: 1484
Merit: 136
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You can call it "community trading," meaning you are trading based on what you have learned or what you have gained in the community you are in. In that community, many traders are sharing their analysis and insights into the market. From there, you can formulate or plat your technical analysis of the market or you can follow what other's TA are there. It is a very good way to learn in trading, especially if the community is lively and many people or traders are very accommodating with beginners in trading, and also if that community is healthy. Well, it's hard to find a community like that, but if you can find one, then take that opportunity to learn a lot and at the same time earn. If you can take advantage of that, then you could become an expert in terms of trading. You just need to absorb all the ideas and knowledge you can get from the community.
sr. member
Activity: 1484
Merit: 447
Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.
Joining a community and sharing insights there are good ways to improve our knowledge in trading. However, we must have the basic of trading knowledge first before we are sharing insights there. If we have lack of the basic of trading knowledge, sharing insights won't impact much. It is because we must be confused which one should implemented for our trading. When we are sharing insights, there must be too many suggestions or tips for trading. As a trader, we must understand that it is not a must to apply all the strategies in trading, just choose the strategies that fit with our trading style.


hero member
Activity: 1428
Merit: 513
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I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?
I did not know we could earn BGB the native token of Bitget by engaging in the insights, I actually don't wonder in insights sections of exchanges, I think not everything shared there is validated, as many scammers and manipulators will try to share some news that is only meant to spread FUD and create FOMO among users. That's why I used to say we should Do Our Own Research (DOOR) even if we want to engage in such sections, we should not forget to DOOR.

Self Analysis is what makes you more confident and if you are confident then you are good to go in trading mentally as well because trading might break one's mental health if done in the wrong way, therefore knowledge is what every trader needs before starting it, and knowledge will build confident and confident will make mental health more strong and make you more bearable.

PS: How much BGB you make by engaging in the insights of Bitget exchange? Can you disclose, I want to make an idea of how much it worth spending time there.
legendary
Activity: 1904
Merit: 1563
It's not the key but insight sharing or knowledge sharing is almost always a good thing no matter what job or craft it is, no man's an island right and that means that we can only build ourselves if we ask for help and answer the calls of those asking for help, it's a healthy cycle of human progression to share what you learn about something and others would take note of it, I mean look at this Trading Discussion board, if sharing wasn't an effective thing to help you trade better, there's not going to be a lot of people that are talking about their experiences here and sharing tips on trading.

Now that we've got the positives out of the way, it's important to remember that despite the abundance of information, it's still worth noting that there are people out there that's up to no good, generally sad and wants to get some other kind of feeling that will throw off the balance of information disseminated to other people, they're the ones that albeit difficult to avoid, would be easily thwarted by people that genuinely wants to help spread the knowledge to everyone.
sr. member
Activity: 588
Merit: 338
It's said that two good heads are better than one, so it's good to belong to a community that shares the same passion and aims for the same goal, the members can share different strategies, see things from different perspectives, then in the end you'll have to make your own personal choice. Although it can be confusing if experienced mentors in the group sees a perticular strategy from different perspectives, but again it's left for the learners in the group to make research and let whatever strategy they apply in their trading to be their choice, because it's their money, and they'll personally bear the lose alone, if the trade goes against them.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
Yep, trading strategy plays a key role in accessing the market effectively. It provides structure and framework for making informed trading decisions. Although I am not a regular or professional trader, I have had some experiences and learned lessons such as building discipline as well as adding many skills in terms of knowledge in the field of trading. I find that the crypto space is highly volatile and easily manipulated from news, so it's like a double edged sword between opportunity/risk, always be ready for any situation that may arise regardless of the outcome bad.

I also feel that capital management when trading is always very important, like it is easy to lose emotions when losing, making risky choices and then if there is no more capital to continue, it is a failed result.
sr. member
Activity: 1274
Merit: 457
If two things can be done at the same time, then it is good.  But I think you should learn trading first and then do e-trading.  Learning and doing trading at the same time seems to be a little difficult.  And if someone tells you when to invest and when to stop and you trade accordingly, I don't think you will learn anything on your own.  Not only is there market information, there is a lot to learn and a lot of risk to be aware of.  Still better if one can learn and do at the same time.
hero member
Activity: 1652
Merit: 569
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Let me keep it short and simple, Yes it's good to get something in return while learning and It's highly appreciated. Now lets talk about sharing insights or gaining insights as there are numerous channels through which you can get insights but you need to validate those insights before putting your money into that insight. Try learning from scratch like how to read charts and different kind of technical indicators as these will help you to know how trading works and then try checking the probability of win rates in the insights shared through different channels then you will be able to decide which one to pick but as long as you are good at understanding indicators you will be able to make big else it's just random info shared by anyone over internet by terming it as signals or insights.
legendary
Activity: 2660
Merit: 3710
For beginners (in any business, not just trading) there is always a good opportunity to learn and get motivation to study in the form of free money. But the main thing is knowledge that we can then apply in practice. You know that most trading knowledge is generally useless in practice. There are many myths and misinformation in trading. For example, many people believe in a master manipulator or that everyone in the market can make a profit. You need to check everything yourself. You'll likely find that very little of what you've learned works. On the other hand, even knowledge that turns out to be useless is important. After all, negative knowledge is also knowledge. And we also need to know the myths in trading, otherwise we will believe in all sorts of nonsense.
hero member
Activity: 3024
Merit: 680
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You are able to introduce that bitget thing everytime you discuss some topics. I'd applaud you for that because it doesn't seem that it is noticeable.

As for shared insights from the community, it does help an individual but also, it might cause a panic to someone who's just reading those insights.
full member
Activity: 2240
Merit: 187
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If you can start learning before thinking of earning from the community, it will really change you positively in a way you will begin to see things you have never seen before in crypto trading, and it will position you to the right direction to always earn from the market. After sharing of insight, you need to research more personally to know which of the insight that will favour you in the future, because there are some traders that will not share their real tactics in public so that other traders will not have the same tactics with them. Both long term traders or short term traders they all need a good strategies to Carry out their operation to ensure they make it successful in the future which is the purpose of embracing potential strategies to trade your crypto.
sr. member
Activity: 966
Merit: 306
You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.
A trader needs to master Psychology of market cycles to succeed in cryptocurrency market. You can learn about fundamentals, technical analyses but if you don't master Psychology of market cycles, you will be beaten by news and fuds. Psychology is most important for investors and traders and people lose money because they react emotionally in this market.

Quote
I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?
You will be overwhelmed with news, insights and feed. They are all bad 'food' for you because you will be affected more by reading more news. Your thinking will be affected and be more uncertain that I am sure will impact your trading activities.

If you are a trader, read the chart, use technical indicators and stick with these. Remember to use Stop loss order or Stop limit order to avoid worst things.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?
Whats BGB? Is this is some sort of subtle shill about it? Well I assume this isnt connected or related to your mentioned exxhanges. Trading is different from investment where you can earn on short period of time. Likewise most investment gets appreciated on the long term or if the price is extremely high already.

Maybe what the OP means by BGB is a token from the Bitget wallet. I don't know for sure whether Bitget provides free tokens to those who interact via Bitget Insights. but there seems to be someone sharing something like analysis or more on trading signals from fellow members.
again I don't know for sure if he got free tokens from his activity on the exchange or their wallet.
legendary
Activity: 2534
Merit: 1397
For me yes because by that you will know new and learn something new.
It will help you to get more knowledge. Continous learning and skill enhancement also.

Another thing is networking and collaboration where you can able to build your connections with other traders as there are multiple people who can share their insights too and knowledge.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
If there's a way to learn and earn at the same time, of course it's good one since it's free money after all.
The idea of sharing insights is fine, as long as you are talking to someone who can give you the right information and not just to tell you what to buy. There's a risk here if you will just follow their suggestions or insights, to avoid being trap into any project its advisable to do your own research as well and with this, you can learn faster.
Sharing insights is normal most particularly for experienced traders. But along with it, you also need to do your part by taking extensive research and studies so you will also grow on your own. Although sharing insights and experiences about trading is great since it can boost trading motivation for each other, but we have this saying in trading that trust no one but only yourself. Hence, you have to listen to other traders ideas and insights but make and follow your own analysis on the market. Know when to trade when you see visible profits and know when to delay trading.
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