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Topic: Trading on your own vs social trading and copy trading - page 10. (Read 1336 times)

hero member
Activity: 3010
Merit: 604
What works for others might not work for you. So don't rely your trading signals from other professional traders because you are not trading just to follow others but you trade on your own so you can learn from your own mistakes and losses that will motivate you to build your own trading skills and strategies. Thus, by trading on your own you will develop into the best trader that you can be, rather than copying other trades and when they're gone, you're left in the losing end.
full member
Activity: 1400
Merit: 115
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For beginners, you will be confused about the parquet movement which always makes you feel hurt. Indeed, looking for professional signals can initially shape our trading character, but this should not continue, considering that trading itself will be more profitable for us in the future. so that we can work from trading and of course it will be more fun if we can analyze it ourselves
legendary
Activity: 1582
Merit: 1284
Copy trading and trading signals are more likely to be fraudulent and cannot be considered trading methods for anyone who wants to trade or make profits from trading.
Social trading may be an intermediary solution, but you should not rely on it too much, especially in alternative currencies. You can use it if you are not sure of the direction of trading or if you have doubts about the strength of momentum that could cause a support or resistance level to be broken.
Trading on your own is the best because you learn from your previous experiences and have experience in trading so that you have a sense of the direction of trading even if there are not sufficient technical indicators to support what you are saying.
hero member
Activity: 2758
Merit: 522
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doesn't matter the reason trading by your own take priority, you could be dependent on these signal but remember the signal giver is also someone trying to make money here.
moreover i've seen plenty of copy trading review that saying its overrated, even though sometime it could give profit but usually the long term are always losing with these copy trading.
therefore  trading by yourself takes priority as I said.
no free lunch in this world same thing with these kind of trading helper tool or signal all of them definitely have ulterior motives in this case.
full member
Activity: 2086
Merit: 193
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Then something is wrong with your strategy which I think is better to solve it than to look for alternatives. Trading on your own is still ideal though you need more time to learn it and it may not be easy but it can be worth it. Copy trading is too risky because you can’t decide on your own and you might lose the opportunity to buy or sell because you are not aware about the market trend, this is a risky decision go trade on your own.
hero member
Activity: 2828
Merit: 673
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I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

You can't say that you are overtrading because if you are a responsible trader, you will know how to limit your trading and limit your losses as well. But let's say if you are just starting to trade, then it's always best to learn from your own trades. Do not be afraid to commit mistakes and losses because that will be your great motivation to improve your trades and become professional and profitable traders in the future. Furthermore, know that trading signals can never be reliable the whole time. They might work at some point but you will know your trades will work better if you rely on your own knowledge and skills as a trader.
legendary
Activity: 2268
Merit: 1655
To the Moon
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

As a rule, signals are sought by beginners who cannot trade independently due to lack of knowledge. Therefore, do not look for easy ways, spend more time on your own self-education, and then you will not depend on the opinions of others when making decisions.
hero member
Activity: 2926
Merit: 722
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Not really that necessary for you to follow someone in regarding with those signal trades because you wont really be making yourself that knowledgeable because you are really that too relying into those informations
that you do able to get from other traders. Whereas , you could really be able to learn for yourself and nothing beats out that you could really be making your own analysis came from your own understanding and knowledge. Key on here is that you should not make yourself that put in a hurry because most common newbie behaviors that they do really become that impatient and this is where mistakes do really came from.


Trading on your own is the best but you can try signals and see how they only care about their pockets. That would be when you will realized that there is nothing better than to have the knowledge and experience about how to trade on your own. But it is important for you not to use more than the amount of money that you can not afford to lose to trade.

Totally agree with this on which making trades with your own and making your own trading analysis or formulate your own. You dont need someone to do something like this
because we are all speculators on here and it is really that something that gives that regret feeling when you do follow someone but the analysis been made where ending up on a loss
then it do really give out that kind of feeling of regret on what you have done but somehow getting some information or on trying out look for some information with other
traders then it isnt really that bad to snip out some idea into them.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?
Trading on your own is the best but you can try signals and see how they only care about their pockets. That would be when you will realized that there is nothing better than to have the knowledge and experience about how to trade on your own. But it is important for you not to use more than the amount of money that you can not afford to lose to trade.
jr. member
Activity: 84
Merit: 4
I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?
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