Following the instructions does not mean to invest in what you are asking them, but to know how to analyze the news and then know the impact of that analysis.
The analyst (top traders) does not tell you what/where to invest but teach you how to invest. Scammers tell you where to invest and start telling lies to make you believe.
So stand yourself, know what information you trust and then put your personal plan. The most important is learning, not profit.
Topic: Should we have to follow the footmarks of top traders? - page 3. (Read 387 times)
You mean copy trading? It is not a guarantee to success as well, and for me this is a bad advise. If you really wanted to be successful in crypto trading, you really need to study and work very hard. What if the guy you followed totally mislead a lot of people and deliberately put orders that doesn't make sense and will eventually loss you money?
If you are a newbie, then take baby steps, trading is not like you gonna learn in weeks or months. It a continues journey and even successful trader up to this day will tell you that they are still in a learning process because crypto trading is very different.
If you are a newbie, then take baby steps, trading is not like you gonna learn in weeks or months. It a continues journey and even successful trader up to this day will tell you that they are still in a learning process because crypto trading is very different.
If you just follow and copy the strategies of top traders that doesn't mean you will be equaly successful. What works for them it doesn't necessary work for you. And I beleive they are top traders exactly because they developed their own strategy which is result of their work, knowledge and presence on the market. I don't think there is a receipe to become top traders others it would be enough just to follow that steps.
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
No one will tell you the secret of their success,all they will teach you is common and basics of trading and its good thing to get inspired from a good trader and trying to be the same like them but being copy cat won't work just see their hard work but never copy their trading styles it won't work for you. Happy Trading
I don't think there is a roadmap to becoming a good trader or there is a trader that is always profiting. In the end everything changes constantly and even a top trader who has been amazing so far can end up with less money after a while.
You have to draw your own path and decide on what type of trader you want to be and how you want to trade, there are so many millions of tiny details about trading that you can't have exactly the same 2 ways of doing it, hence you can copy some of the traders on some big stuff but in the end you have to personalize it, even having different amounts on your starting capital can change so much that you wouldn't believe it. I would say pick some important lessons from the experienced people but use it to draw your own conclusions.
You have to draw your own path and decide on what type of trader you want to be and how you want to trade, there are so many millions of tiny details about trading that you can't have exactly the same 2 ways of doing it, hence you can copy some of the traders on some big stuff but in the end you have to personalize it, even having different amounts on your starting capital can change so much that you wouldn't believe it. I would say pick some important lessons from the experienced people but use it to draw your own conclusions.
But as a newbie its better if we follow the top trader and learn from them as they can teach you things
Yeah, newbie is always a stage to learn almost in every field including posting on this forum because you have to understand so many things here first also where to post, add signature
.Talking about trading however, after a newbie stage, it is better to build your own strategy from what you have learnt.
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
Happy Trading
But the thing with top traders is they rarely share their actual strategies. You also have to look at top traders who have consistently been there for years. Some places which track you can see top traders in 1 year didn't do well previous years or following years. You want consistent above average traders, IMO.
It is really good if you follow 'how they build their knowledge on trading', as their strategy, how they manage their trading funds, like risk management.
But if you follow their every entry price or their every trade like if they told buy here, sell here, take profit here, it's another story then and it is not advisable for me.
Also, there are some top traders who have paid course online, which is they have some e-books or videos or private coaching but you will pay them, so, it is advisable also to subscribe and pay them? It's still up to you. But if you follow the footmarks of every top trader, it is much better if you are updated on his/her trading life, or much better if you can also ask them how they do this or that.
But if you follow their every entry price or their every trade like if they told buy here, sell here, take profit here, it's another story then and it is not advisable for me.
Also, there are some top traders who have paid course online, which is they have some e-books or videos or private coaching but you will pay them, so, it is advisable also to subscribe and pay them? It's still up to you. But if you follow the footmarks of every top trader, it is much better if you are updated on his/her trading life, or much better if you can also ask them how they do this or that.
Everyone new traders need a mentor, it is when you have a mentor that has taken you far to some extent that you will continue where he has stopped, the mistake some of us made from the beginning was to start trading live immediately our mentor takes us through trading, meanwhile, we are meant to first of all, explore more ourselves and look for more strategies before we engage fully in a live trade.
There is no one that can really learn quick without following top traders first, they didn’t become top traders too on their own, they must have had some other pro traders they have relied on, we only have few people that are born smart, those are the ones that are very gifted learning on their own, and even with that, they still watch YouTube of top trader to learn, so they indirectly rely on pro traders first too.
There is no one that can really learn quick without following top traders first, they didn’t become top traders too on their own, they must have had some other pro traders they have relied on, we only have few people that are born smart, those are the ones that are very gifted learning on their own, and even with that, they still watch YouTube of top trader to learn, so they indirectly rely on pro traders first too.
50-50.
Top traders tend to go to higher risk trading. Also, it could mean a huge amount of money since they have been trading for a long time.
Better to just use their strategies as your starting line. You can still make your own while also using their reference from all their successful trades.
I tend to go the other way around from what they tell me.
I dont know why but I love to be the underdog betting with higher risk.
Top traders tend to go to higher risk trading. Also, it could mean a huge amount of money since they have been trading for a long time.
Better to just use their strategies as your starting line. You can still make your own while also using their reference from all their successful trades.
I tend to go the other way around from what they tell me.
I dont know why but I love to be the underdog betting with higher risk.
Learning from the trading experts is good but to follow their footprints to place the orders is wrong.
We can ask them the trading secrets, but absolutely should not do the same transaction with them.
because when a strategy is well known, it will become mass and no longer work.
So, have your own thoughts to invest better.
We can ask them the trading secrets, but absolutely should not do the same transaction with them.
because when a strategy is well known, it will become mass and no longer work.
So, have your own thoughts to invest better.
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
Happy Trading
Following them isn't wrong in the first place especially for newbies. You can take their shared strategies as reference for making a strategy.
The real action is doing the actual trades. This is the time you will test if the strategy you got by either following others or created by you will be effective in the long run. Honestly, you can't copy literally the other's whole strategy even you want it as it relies on different factors so for this you need to rely on your own.
Don't regret if you will lose on the way, that's common. Even professional traders today losses. Take mistakes as a lesson.
Experience will teach you how to be a better trader.
What made top traders gain their profit might not work for you. Their timing is different with yours. however, it is indeed a good idea to pick and follow a trader and see how he makes profits specially if that trader openly shares his knowledge to everyone. But keep in mind what they will share is what they experienced and it might not be applicable on your next trade.
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
Not a necessary thing actually yet all tools are already in the net which is already sufficient for you to learn.If you do like to waste up money for subs then go on but if not then its better not to have this option.Following good traders wont completely teach you out on how they do make money,maybe on some terminologies or basic stuffs and also if he had his own trading that works for him it doesnt mean that it would also works for you.It doesnt work that way so its much better or nothing can beat up on have self learning. Happy Trading
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
This is called modelling and it is critical for your success, at the beginning when you are just a newbie you are going to have trouble deciding what strategy to use to earn money in the markets, as such it is important to find other traders and investors you admire and read everything you can about them, especially their strategies, then from those strategies you can use the one that better adapts to your style, and once you acquire more experience you can try to improve the strategy you are currently using. Happy Trading
As personally, I believe we have to follow the footsteps of top traders as well as we have to build our own strategies to trade, who knows your plans can give better results. But as a newbie its better if we follow the top trader and learn from them as they can teach you things you cannot able to explore yourself in short time and you can add up your own brain and efforts to make a reliable trading plan.
Happy Trading
Happy Trading
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