Where do you get trading advice and tips from? - page 5.

pawanjain

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Quote from: Rruchi man on July 17, 2021, 05:06:31 PM

These days, as more people become more aware of forex and cryptotrading, There are a lot of people giving unsolicited advice and tips as regards the subjects. The big question is who and where do you take your trading advice and tips from?

Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?

Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?

Most of the times I get my trading advice from the charts and crypto news sites.
I look at technical analysis as well the current market conditions and the news to get a good perspective of the current trend.
I am not a professional but I am still learning and improvising my strategies.
So far the journey is going good. I believe if we keep trying and improvising then at one point we do get the rewards for the hard work.

Silberman

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Quote from: Rruchi man on July 17, 2021, 05:06:31 PM

These days, as more people become more aware of forex and cryptotrading, There are a lot of people giving unsolicited advice and tips as regards the subjects. The big question is who and where do you take your trading advice and tips from?

Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?

Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?

I get my knowledge from books, now there are a lot of awful books as well from people that are not interested on teaching you how to trade and instead just want to sell books, but there are many successful investors and traders that have in fact revealed their strategies so you can read their books and follow their strategy or if you have enough knowledge create your own, getting tips and advice from social media people is simply a mistake and no one should do it.

Raflesia

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Actually a lot of advice and tips from various sources, especially in the Youtube channel which was so many in the past, now it has penetrated and is easy with many questions on tiktok about crypto trading I think there I always see the advice and tips given, I only take from the conclusion then combines with skill alone when trading crypto I think this is not much different from other sources that are easy to understand.

As long as you put in the hard work of doing this and for sure you'll find at every point about advice, there's been a lot of media articles that have spread how real trading is so it's just a matter of learning.

Cling18

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To be honest, researching about a certain coin would be a big help. Reading helped me a lot and even learned more from this forum. There are already lots of resources online which is an advantage but the best thing that really helped me is to try the actual trading. Truly, experiencing it is a different way of learning. We might commit mistakes yet we're learning tips through our mistakes.

Fesatmas

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The first thing I got about crypto trading knowledge was from a friend, then it spread to social media, then it came to a place where I had to be independent and learn what I had to implement. It all started with a simple thing that led me to discover a precious gem that the whole world should know about.

Despite all the context of each discovery in finding a way to get this far. Be thankful that not everyone is as lucky as you.

Kimonoe

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Quote from: Strongkored on July 18, 2021, 07:16:10 AM

We can learn about trading from many sources like youtube, books etc, but for tips and advice I think it's a little bit dangerous if our trading decisions are based on other people's advice, because it will make us very dependent on that person, especially when the advice is about what coin worth to buy or be to hold or sell, it would be wiser to learn from own experience and follow the news of the crypto market.

other people's suggestions should only be used as a reference, and decisions should be based on personal thoughts. but for beginners I recommend learning from a friend who has experience in the world of trading, so that he can direct how to trade. and after that we can develop knowledge to find a trading style that suits our style, so that we will be comfortable to run it

geegaw

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Quote from: lablab03 on July 18, 2021, 07:14:34 AM

I used to get some tips and advice from some influencer around the internet especially through youtube because they really give specific information to other traders or those who wants to enter in trading.. And the good thing about it is you can actually see how they do some of the stuff when it comes doing trading, for example how to apply or to use indicators, it's very informative to be honest.. That's why i want to visit some of my favourite traders in youtube every day just to obtain more information from them. And it becomes my routine since i started learning trading.

The advice that I usually receive, it belongs to the managers of some big crypto groups on telegram because their establishment with tens of thousands of members is already their level of prestige, each market moment will be their different warnings and they also give strategies to do to stabilize position. Although they are also not perfect but they know how to keep their emotions in their hearts and show a calm attitude to people so that people don't panic, so quite a few times that I beat the market test is their contribution

Strongkored

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We can learn about trading from many sources like youtube, books etc, but for tips and advice I think it's a little bit dangerous if our trading decisions are based on other people's advice, because it will make us very dependent on that person, especially when the advice is about what coin worth to buy or be to hold or sell, it would be wiser to learn from own experience and follow the news of the crypto market.

lablab03

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I used to get some tips and advice from some influencer around the internet especially through youtube because they really give specific information to other traders or those who wants to enter in trading.. And the good thing about it is you can actually see how they do some of the stuff when it comes doing trading, for example how to apply or to use indicators, it's very informative to be honest.. That's why i want to visit some of my favourite traders in youtube every day just to obtain more information from them. And it becomes my routine since i started learning trading.

fullhdpixel

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Quote from: Rruchi man on July 17, 2021, 05:06:31 PM

Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?

Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?

Ever since I started trading I have never gone to YouTube to search for trading advice. Most of those YouTubers would just be giving you fake contents so they can market something else to you. So it’s really not worth it. I’m saying that based on other people’s experience after they searched for trading advice using YouTube. But that aside, I’ve never had interest in going there to look for any advice.

I trade with my friends and I also learn a lot by reading articles and going for lessons that has to do with trading. I do a lot of research and when I discover something, I don’t quickly take it to be true, I do more research on that same topic to verify that what I have seen is the right thing or not.

Beparanf

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usually you can get information from the trading view available on the cryptocurrency price movement chart and you can see some predictions from some other traders, it's just that such predictions are not completely successful and correct, so you have to be careful when buying coins and make sure you have research more fully the coin you want to buy, to be more secure bitcoin is the best choice.

That's not a trading advice but only an opinion base the current market sentiment. As a matter of fact, you can always see a disclaimer same as I mention on the bottom part of there TA. Reading books or applying online seminar is the best way to get a proper education on trading. Some people tends to shortcut it by watching on YouTube or Buying Trading Signals that's why they got confused and make tremendous loss in the end.

xmonkeyx

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until now I have never followed the advice of telegrant groups or trading experts on other social media. I believe more in my own feelings, but it all has to be based on information about the coin or issues circulating about the coin, and also looking at the movement of the graph from time to time. I think trading is better to rely on one's own abilities than having to follow signals from groups or groups on social media that are not necessarily accurate.

michellee

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I get advice from friends of my groups as we always share much information about what is happening to crypto trading or the market. By getting that information, we always remind each other to analyze more to find the other information because what we share will not suit each other. We need to do that because not all of the tips can work with us and we need to filter from all of the info we got. Having much info can help us analyze and get more things that we need to enter the market.

Obito

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Quote from: jackg on July 17, 2021, 05:20:05 PM

I just get my advice form history... History almost always repeats itself, and it's a better gauge than anything.

You can get advice from as many random sources as you want as long as you can find an example of where it's happened before or if it's about to happen and confirm it on a chart or however else.

But wouldn't that take some analysis because patterns in history could be really convoluted and confusing because there's no exact similar pattern? I don't use this kind of thing though although I refer to patterns whenever I feel like there's going to be a big thing happening in the next coming week or month.

xSkylarx

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It mostly comes from my pals who have more experience than I do. We all know that there are a lot of groups that will offer you signals, but the majority of newcomers will take advise from such groups, such as those that will post or send a signal, causing the beginner to follow it. In terms of viewing the chart as if they had their own analysis, I would recommend tradingview, where people upload their charts or their own analysis on that specific coin, and it is up to you whether to follow it or not.

Kong Hey Pakboy

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Mostly from Internet combined with the advice of my friends about the different stuff that I want to learn and they have already experienced. Although I have to add that these tips should be taken with a grain of salt because not all the tips online and by your friends work out for you unless it's a technical one meaning that it's the absolute.

Wexnident

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I don't take loans, ask for sig if I ever do.

Internet! Though it's mostly terms, history, etc, and I use those to judge the current state and make my own decision, at least, when I was still trading anyway. I used to study about charts and what not and create a few assumptions, ruling them out from least possible to the most possible based on what I actually know. I've tried conversing with my friends about trading but they're level was way above me back then that I had almost no clue what they were talking about at some parts of the conversation (till now since I stopped learning) so I just relied on myself.

maxreish

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It is so important you have a trading buddy that may give you a good advice when it comes to trading. And browsing here in btt forum helps you to grow, there are many advices here that a particular trader already expericed and make you at least prevent those bad moves that they already did.

Also, trading groups are helpful too to learn more , just be vareful whom you talked to there . As I have experienced being scammed by those flowery words which I admit my mistake by trusting them.

boumalo

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From experience
A general sense of the market from youtube channels
Rules I set for myself

LUCKMCFLY

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At this time there is a lot of speculation that the BTC may fall to $ 24k, but they are assumptions that come out of the bearish movements of the market, and as a consequence of this the alts also suffer, that is why not everyone understands the market situations . But looking at it from Wyckoff's point of view it is very likely that we are in a bullish trend with a very large correction, but there is no long-term downtrend unless there is a re-accumulation.
Receiving someone's advice, following it and making a mistake would represent that if you lose it is very easy to blame the one who gives it, it is better to follow the strategies that you have yourself even if you make a mistake.

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