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Topic: Trade by yourself - page 12. (Read 9143 times)

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
June 25, 2020, 04:27:57 PM
#53
Indeed, it would be better to trade by yourself but that does not mean they are not allowed to subscribe, because with them getting input from signal groups and / or other services is also a way to finally get them references for further actions to be taken in trading. It's different if you have experience, but for beginners I think every input is very necessary so that they can trade with a plan, because if they only trade without a strategy and a mature plan, they will only continue to lose and find it difficult to learn every mistake they experience.

Traders who don't have much experience.and self confidence often rely on someone or something else. They think that various tools like bots or to copy someone's trading strategy will make them successful traders. I can understand that in some extend but that is not the best way. Having your own experience and learning on your own mistakes is the best. Yes, it might be expensive and stressful but no one else will teach how to trade except yourself.
Well, that is exactly right. Trade by your self and do your own research as well, --this will perhaps make you a successful trader but at least it will give you a piece of knowledge and skills that perhaps your shield in the trading field. Trading tools will consider as a helpful tool in trading but I recommend not to depend on them every time because it does not make you have an improvement. Indeed, spend more time digging research to build up your acknowledge and skills, practice in TA, and FA is most important.
member
Activity: 421
Merit: 47
June 25, 2020, 04:05:21 PM
#52
Trading daily cryptocurrencies are a very high risk than normal stock trading because cryptocurrencies are very volatile . I think the best option for a beginner is to start with a demo account

One truth you should know is that everything in the world is a risk, stock trading, forex trading, binaries, are all risky, but you can excel in it if you do the proper researches, focus on the objectives (winning), master a strategy that works for you, let go of greed; and finally follow the market emotions by trading, taking profits and not trading at all depending on the present circumstances.
legendary
Activity: 2912
Merit: 1068
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June 25, 2020, 02:03:33 PM
#51
Indeed, it would be better to trade by yourself but that does not mean they are not allowed to subscribe, because with them getting input from signal groups and / or other services is also a way to finally get them references for further actions to be taken in trading. It's different if you have experience, but for beginners I think every input is very necessary so that they can trade with a plan, because if they only trade without a strategy and a mature plan, they will only continue to lose and find it difficult to learn every mistake they experience.

Traders who don't have much experience.and self confidence often rely on someone or something else. They think that various tools like bots or to copy someone's trading strategy will make them successful traders. I can understand that in some extend but that is not the best way. Having your own experience and learning on your own mistakes is the best. Yes, it might be expensive and stressful but no one else will teach how to trade except yourself.
member
Activity: 133
Merit: 10
June 25, 2020, 01:52:13 PM
#50
Trading daily cryptocurrencies are a very high risk than normal stock trading because cryptocurrencies are very volatile . I think the best option for a beginner is to start with a demo account

I agree. But let's not separate the benefits of trading cryptos as compared to trading stocks. In cryptos, the prices are unexpected. It could go up high, or go very down low. Now, it's just up to the trader on how he will execute his plan.

Yes, there are demo account in some trading websites wherein user can practice how to trade. There are also a lot of resources out there which can help a user understand how does trading works.
full member
Activity: 1470
Merit: 135
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June 24, 2020, 05:55:49 PM
#49
Some of the traders today are having struggles to their daily and weekly trades, and some of them are want to use with the trade bots because of the rumor they got that if you can win all of your trades easily without doing anything and the bot just do your work it is not quite bad if you are a newbie but if you are too long on the industry of trading you can see the difference and risk on it which is highly recommend to the newbie stop doing this kind of trades because one of the most efficient is the trading on your own. Knowledge and is the most powerful thing according to the people who always said which is I agree with those too because in the end no one will help you and you will do all the things by your self only. Sooner or later the bots do not work do are you willing to become a dependent trader or stand on your feet.
member
Activity: 1540
Merit: 68
June 24, 2020, 05:09:33 PM
#48
I have always believed that the best way to win for yourself is to win by yourself without any one, group laying claims as to find you succeed so easily.

Trading by yourself does not only give you confidence, it renews your knowledge and improves your technical know how about trading.
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 24, 2020, 12:49:31 PM
#47
Are there even legitimate signals by now?
I bet they are all just doing it for their own profit.
I have never believed them even the first time I knew about it and joined some of them.

Inside that is just one group of people who are looking for victims.
Since day 1 of trading you are always by yourself.
there is never a valid signal at this time. I also don't trust groups that give signals, because they benefit from members who follow the signals.
I also joined and everything was bullshit. It takes a long time to complete just one order. Even groups are divided into several classes. Ordinary class, middle class and VIP class and the price to enter the signal group is certainly different according to the class.

Trading alone with your own knowledge is more fun and offers more learning. But it still must be with a good analysis.
legendary
Activity: 3486
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June 24, 2020, 12:11:08 PM
#46
Indeed, it would be better to trade by yourself but that does not mean they are not allowed to subscribe, because with them getting input from signal groups and / or other services is also a way to finally get them references for further actions to be taken in trading. It's different if you have experience, but for beginners I think every input is very necessary so that they can trade with a plan, because if they only trade without a strategy and a mature plan, they will only continue to lose and find it difficult to learn every mistake they experience.
full member
Activity: 338
Merit: 101
June 24, 2020, 12:01:51 PM
#45
Trading daily cryptocurrencies are a very high risk than normal stock trading because cryptocurrencies are very volatile . I think the best option for a beginner is to start with a demo account
hero member
Activity: 2898
Merit: 639
June 24, 2020, 11:04:42 AM
#44
There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
I know for sure that the majority of those signals won't even work and you can lose money when you decide to follow them. So, learning to trade all by yourself is still a better option here. When you take your time to learn how to trade and do it yourself you will be sure of developing good strategies and they can be really helpful when you're able to get the right strategy that works.

Although I have heard that there are paid signals that really work out. But, that's if you're able to pay for the signals and also have enough money to invest and recover the money you paid, and don't forget if you go buying signal then that will blunt your trading skills over the time as you will never think about updating your analytical skills. It means you will keep on depending on those signals provided by a third party. It means you trade by the ideas of others hence you just work for putting orders and nothing more Lips sealed.
hero member
Activity: 3010
Merit: 629
June 24, 2020, 07:09:56 AM
#43
Sometimes new traders think, it's better to listen to other people's opinions than to be tired learning by yourself, So they only depend on trading signal providers, And I don't think they can become a professional trader if continues like that. We must learn by ourselves, and of course there are mistakes, so make a lesson from those mistakes.
Yes they think its more wise to follow other trader's strategy and apply it when they trade but its not right. We must gain knowledge on our own to better understand how trading works. Its not bad to listen to others but we should have our own plan and strategy. Dont be afraid if you made a mistake or fail because its part of the process and those mistakes are the stepping stone to become a pro trader because you will learn something from it.
jr. member
Activity: 448
Merit: 4
June 24, 2020, 05:24:48 AM
#42
Learning in trading is not as easy as 123, you have to be more patient and it takes time for you to understand everything. I think there is nothing wrong if you try to ask someone's opinion or advice but it is best to come to actual trade you are not dependent on the decisions of others, because at the end of the day what ever may happens you have nothing to blame but yourself.
hero member
Activity: 994
Merit: 503
June 24, 2020, 04:57:02 AM
#41
right. When I started trading, I was involved in many signal groups. and when I received many signals and I was confused. I don't know how to set the stoploss properly and I don't know how to set the target. I was even more worried about my trading orders when I started making open orders. after such a bad long time, I realized that I should trade by myself. And since then, I've won more and I'm not as nervous as when I heard the signal from others. Trading by yourself will help us learn a lot.
hero member
Activity: 2604
Merit: 816
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June 24, 2020, 01:34:42 AM
#40
Well said the experience is the best teacher. We may learn about some of our experiences. That is why it is really advantageous if you have more experience with something. You may face so many struggles before you become successful in something. You will make many mistakes because that is part of the process of growing up but do not let those mistakes down you. If you have done mistakes you shouldn't quit trying it because once you have quit on it you will never make it right again. You will lose opportunities because of writing. Just try and try until you reach the things you want.
Become successful in trading will need time, so you need to be patient, and still learning more about trading. The process will depend on how you can learn trading, and good you understand the lesson so that you can apply the lesson in real situations in the market. If you can have more experience in trading, that can help you analyze better than before, and that means you will have more chances to make a profit in the future. The mistakes itself will help you to have more experience, so you can avoid making the same mistake in the next trading.
hero member
Activity: 1442
Merit: 510
June 24, 2020, 01:28:08 AM
#39
Sometimes new traders think, it's better to listen to other people's opinions than to be tired learning by yourself, So they only depend on trading signal providers, And I don't think they can become a professional trader if continues like that. We must learn by ourselves, and of course there are mistakes, so make a lesson from those mistakes.
full member
Activity: 742
Merit: 160
June 24, 2020, 12:26:53 AM
#38
Well said the experience is the best teacher. We may learn about some of our experiences. That is why it is really advantageous if you have more experience with something. You may face so many struggles before you become successful in something. You will make many mistakes because that is part of the process of growing up but do not let those mistakes down you. If you have done mistakes you shouldn't quit trying it because once you have quit on it you will never make it right again. You will lose opportunities because of writing. Just try and try until you reach the things you want.
sr. member
Activity: 1988
Merit: 283
June 24, 2020, 12:17:16 AM
#37
There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
definitely!  Because being lack in trading is not safe so you must educate your self first to obtain specific information wherein how it really works..Although subscribing in some sort of signal group isn't really helpful .  But there are some group also or site where you can find / practice your skills so must try it .. It's a big help for beginners..

.  Instead of waiting for others opinions such on group of traders which have no specific theology when it comes trading.. Remember putting money in different trading site is very risky.  So you must be aware on it and make it sure before making a decision.. In fact all the things you want to know about trading can be found around the internet so just always make a research for your self to avoid risky situation..  
sr. member
Activity: 2422
Merit: 343
June 23, 2020, 10:55:13 PM
#36
This is just the best way around it, no matter how convenient you are to pay for signals, you will never get contented until you understand perfectly the ideology behind trading, and do so yourself at your convenience. Self dependence on signals are not good, instead be your own source of motivation by doing your researches, leaning and becoming  a better trader for yourself.
I love the way traders find themselves to have their own market understanding rather than to rely upon others. It is to see that signals aren't the only tool to help us in trading and so we have to rely upon it. That is how important to know our capabilities and self-confidence we brought into trading coz in the actually trade, signals and any other trading tools can't actually be used but just of our own decision.
We fully understand crypto if we are on-hand of it.
copper member
Activity: 2870
Merit: 1279
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June 23, 2020, 09:12:21 PM
#35
I do not think that subscribing to signal groups is terrible, but it’s kind of trial and error method in which where you could just see other people's analysis instead of creating your own. It’s better to understand that to learn something, you need to have experience with it, and a great trading tool would be efficient in learning IMO.

I learned trading with the assistance of Gunbot and how you could simulate different start and what you need to do to adapt to the current market.

https://gunbot.ph
jr. member
Activity: 34
Merit: 1
June 23, 2020, 09:03:26 PM
#34
Trading by yourself as a new trader is the surest way to lose money. People need to learn from somewhere or someone before they can be a competitive/profitable trader.  However, I agree that signals groups are a waste of time if there is no supplemental info to backup why trades were made.

Understanding risk is the most important aspect of trading. New traders typically pay with losses to learn this lesson. Why not speed up the learning process while simultaneously reducing the trading tuition?
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