Will you advice a new trader to join a trading community or group?

Mahanton

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Quote from: cute nmp on April 19, 2023, 03:42:34 PM

It will be very helpful for a new trader to join a community of traders.It will speed up the learning process, coming up with a trading concept, avoiding mistakes ,getting corrections from experienced members and lastly help the new trader to have confidence in what he is doing unlike If he is doing it all alone.

Helpful if you do see that you do need to have some idea at least on what others been doing but its not literally that much needed considering that everything could really be learnt up online.It is really just that a matter
of effort on which it would be put through considering that your efforts is something would be depending on how you would be learning up things along the way.If you do see that joining groups would be fastening out
your learning then go on it, you are the ones who would really be handling out your time and if you do seem that it would really be that something sensible to do then go for it but honestly
we can really learn on our own if we are really that serious on doing so.

cute nmp

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It will be very helpful for a new trader to join a community of traders.It will speed up the learning process, coming up with a trading concept, avoiding mistakes ,getting corrections from experienced members and lastly help the new trader to have confidence in what he is doing unlike If he is doing it all alone.

mvdheuvel1983

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Quote from: Bananington on March 18, 2023, 12:30:46 PM

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

Friends and colleagues who trade together win and are successful together. There's always more benefit when you are with a group of people with the same aim. Imagine getting personal tips and strategies from people with years of trading experience. Imagine being part of a group where you access trading knowledge and expertise free or charge. Imagine getting the emotional support and encouragement you need when it seems you hit a brick wall in your trading journey.
Well my two cents on joining a trading community are to join one where you know one or two persons personally who are in the group and are doing well. It is a clear pointer that you will find what you are looking for there.

TheUltraElite

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Quote from: naikturun on April 02, 2023, 09:24:17 AM

my advice to people you have to make estimates or targets where you buy and sell your trades, I suffered a loss because I was greedy and did not obey the rules that I made myself, I was very annoyed but from there I will learn,for now I stop for a moment to raise capital and calm the mind first.

That is a better method than joining a trading group. Keeping an Excel sheet for the buying and selling or possible planned selling and buying can help a lot of the new traders as they move from dummy trading or as a log of trades for long term records.

In trading groups and all you will only get spam from hyips and shitcoins and that random bot seller who attempts to scam you which all end up being a distraction and a waste of time.

Nrcewker

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Quote from: naikturun on April 02, 2023, 09:24:17 AM

my advice to people you have to make estimates or targets where you buy and sell your trades, I suffered a loss because I was greedy and did not obey the rules that I made myself, I was very annoyed but from there I will learn,for now I stop for a moment to raise capital and calm the mind first.

It’s great that, you are trying to learn from your mistakes, but the OP’s question was whether new traders should join trading communities or not. So I would say always try to increase your circle, meet varieties of people, talk with them and at last learn from their mistakes or winnings. A newbie trader can learn a lot from these trading groups when he/she starting their journey. But yes if they joining the groups only to get good and majority calls, then definitely they need to stop. As from the calls they won’t learn the technique of analysing and calculation. Moreover if they getting losses from the calls, they will only blame the community for the calls. So OP needs to be smart enough to decide for what purpose he wants to join the groups.

LUCKMCFLY

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Quote from: Unbunplease on March 25, 2023, 06:41:55 PM

Quote from: adzino on March 25, 2023, 10:34:53 AM

Joining a trading community or group can definitely be helpful, especially for those that are new to trading. It allows them to learn from others experiences, share strategies, and discuss market trends. They can also find help in those communities and groups when things doesn't go well for them.
But yeah, it's essential to find a reliable and a legit community. Let's be honest, most of the groups are filled with trader trying to promote shit coins for their own benefit. Those groups promise unrealistic returns to lure traders and push specific coins so they can dump it on them. Even if they do join those groups, they should always do their own research and should not blindly follow anyone's advice.

It's easy to say, to do one's own research when one is still, in fact, a novice. He is not yet qualified to do any research. So almost any opinion confidently expressed will seem right to him. That's why a beginner just shouldn't join a trading community.

The truth for me what I recommend to Anyone who wants to join a commercial group is not bad,but as long as you do not pay any type of subscription,apart from the Fact that the group can provide analysis and many ways of thinking, in the debate you can It will achieve many things, here with regard to the crypto market things are handled at another level, because the volatility is quite strong, and they can give us any type of results if we start looking for a lot of information, it is good, but Explain why so it can be learned, but if they make a Mistake, know why they failed.

MFahad

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There is no bad thing in getting involved in groups for getting knowledge but try to join in those groups which provide information without any charges because some people ask for money but their provided information is not correct so it will be better to get engaged in groups but try to accumulate information about the admin.

There is a benefit of joining groups but person cannot make his own decision because of a doubt for his own decision and he just rely on the information and decision of groups.

naikturun

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my advice to people you have to make estimates or targets where you buy and sell your trades, I suffered a loss because I was greedy and did not obey the rules that I made myself, I was very annoyed but from there I will learn,for now I stop for a moment to raise capital and calm the mind first.

Lorence.xD

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Quote from: QueenVera on April 02, 2023, 12:12:58 AM

I'm a member of a Trading community on telegram but I barely have to communicate there but rather I watch the whole discussion over there and follow or learn from what experiences others are sharing and this is one thing I will advice newbies do when coming into the trading industry.

No offense, but mostly in the telegram in my experience is a scammer. First time I tried joining a group of people for me to enhance my knowledge about trading and investing, but lately I've realized that they are scammer after they start to direct message me with fishy conversation that led to sending money. Good thing for you to have a nice group of people but I also prefer to learn by myself online if I want a second opinion about crypto, I ask in group chats or even here forum.

Quote from: QueenVera on April 02, 2023, 12:12:58 AM

There are alot of scammers out there who promise to give trading signals and after for money to join their vip trading signal which I don't approve of such because I don't encourage people depend on signals from others but rather use those signals to direct or make their own final decisions.

This is what I'm talking about earlier, but about asking for a calls for other people about your decision in crypto would be a dumb thing to do for me. Even if you ask to a pro in crypto, you can't blame them if they have a bad call that causes you to loss your money. Because it's always up to you to decide in risking your money that's why its better for you to have a proper knowledge about crypto and don't let your emotion overpower to your decisions since it's your money at stake.

Issa56

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Quote from: Bananington on March 18, 2023, 12:30:46 PM

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

Seriously as a trader, I believe it's good to join some trading communities, you can learn new things from there, but I won't recommend you join any trading signal community, and if you are looking for trading communities that are providing trading strategies, just know that other people's strategies might not work for you, so when trading make sure you do your research and discover the appropriate strategies that will work for you, the trading strategy that might be working for your friend might not work for you.

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Quote from: QueenVera on April 02, 2023, 12:12:58 AM

I'm a member of a Trading community on telegram but I barely have to communicate there but rather I watch the whole discussion over there and follow or learn from what experiences others are sharing and this is one thing I will advice newbies do when coming into the trading industry.
There are alot of scammers out there who promise to give trading signals and after for money to join their vip trading signal which I don't approve of such because I don't encourage people depend on signals from others but rather use those signals to direct or make their own final decisions.
It isn't a bad idea to join a trading community bit it isn't a nice idea to rely solely from informations and signals gotten from those communities especially if it isn't profitable for long

Yeah, a lot of random people message me in telegram also, they're offering something like a trading signal and a website that can earn money easily. New people who just join in crypto will easily fall into the scammer trap, so I guess it's better to find a friend to guide new traders so they won't easily fall to the scammer persuasion

QueenVera

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I'm a member of a Trading community on telegram but I barely have to communicate there but rather I watch the whole discussion over there and follow or learn from what experiences others are sharing and this is one thing I will advice newbies do when coming into the trading industry.
There are alot of scammers out there who promise to give trading signals and after for money to join their vip trading signal which I don't approve of such because I don't encourage people depend on signals from others but rather use those signals to direct or make their own final decisions.
It isn't a bad idea to join a trading community bit it isn't a nice idea to rely solely from informations and signals gotten from those communities especially if it isn't profitable for long

martyns

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Quote from: Fondarchand on April 01, 2023, 12:41:49 PM

Experience is the best thing and if a person is newbie then involving in a place where you gain knowledge will be better way to be a success investor. Engaging in group is crucial activity and everyone should engage in group, get knowledge from group is good but following every person is not good because these days there are so many groups the main purpose of which is to collect money from others and spread wrong information so they are called as scammers therefore if want success then try to get information about the group admin if he is not scammer then follow his rules otherwise believe without any query does not sound good.

You are right that joining a group can also increase someone's knowledge on trading especially when you have zero knowledge about trading and what trading is.It is always good to engage in a discussion with people to know their experiences in the trading,their mistakes,flaws and when they got break-through in trading.This kind of groups gives you ample opportunity to have more knowledge about what trading is really all about because so many ideas will be brought by different people,telling how they had difficulties in their first trading session,and the things they did inorder to see break-through in it.This same group will also make you have someone you can call your mentor,who will teach you about the different strategies in trading,and what you will do to be a successful trader.

blockman

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Quote from: Matthew Walker on April 01, 2023, 11:15:38 AM

Hello. I think its individually. I began my journey in thematic communities and groups too. I think for beginners this is the best way to quickly and efficiently understand the topic. I have now switched to p2p arbitrage, this is a more Low-risk trading strategy. By the way, now I began to train beginners and created my own P2P arbitrage team. If anyone wants to join, welcome Grin

And that's the purpose of having a trading group, you can teach them personally but I've got a different vibe with it. It's hard to distinguish those groups that have an experience rather than just opinions that will be shared with them. Maybe it was the experience was just different and didn't went well for most of us and that's why the impression remains but I think I'll adhere to that feeling that many of these groups aren't really good. I'll agree for newbies, there's an advantage just to having somewhere to start but in the long run, it depends until the group starts asking some fees to keep going on and that's the time to start the trading journey unassisted.

Fondarchand

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Experience is the best thing and if a person is newbie then involving in a place where you gain knowledge will be better way to be a success investor. Engaging in group is crucial activity and everyone should engage in group, get knowledge from group is good but following every person is not good because these days there are so many groups the main purpose of which is to collect money from others and spread wrong information so they are called as scammers therefore if want success then try to get information about the group admin if he is not scammer then follow his rules otherwise believe without any query does not sound good.

death69

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Quote from: adzino on March 25, 2023, 10:34:53 AM

Quote from: Bananington on March 18, 2023, 12:30:46 PM

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

Joining a trading community or group can definitely be helpful, especially for those that are new to trading. It allows them to learn from others experiences, share strategies, and discuss market trends. They can also find help in those communities and groups when things doesn't go well for them.
But yeah, it's essential to find a reliable and a legit community. Let's be honest, most of the groups are filled with trader trying to promote shit coins for their own benefit. Those groups promise unrealistic returns to lure traders and push specific coins so they can dump it on them. Even if they do join those groups, they should always do their own research and should not blindly follow anyone's advice.

Joining a trading community is like diving into the deep end of a pool without knowing how to swim. On one hand, you could find yourself surrounded by seasoned experts ready to teach you the ropes. But on the other hand, you could find yourself in a pool of piranhas, ready to strip you of your hard-earned cash.

That's why you need to do your homework and find a community you can trust. Don't be lured in by promises of instant riches or unrealistic returns. Remember, if it sounds too good to be true, it probably is.

Even in the most credible communities, you need to stay sharp and think for yourself. Don't be a lemming blindly following the herd. Always do your own research and make informed decisions.

And when the market gets rough, don't forget to laugh. Trading can be a wild ride, but a good laugh can make it all worthwhile. So join a trading community, but keep your eyes open and your sense of humor intact. It's the only way to survive in this unpredictable market.

Matthew Walker

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Hello. I think its individually. I began my journey in thematic communities and groups too. I think for beginners this is the best way to quickly and efficiently understand the topic. I have now switched to p2p arbitrage, this is a more Low-risk trading strategy. By the way, now I began to train beginners and created my own P2P arbitrage team. If anyone wants to join, welcome Grin

Mahanton

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Quote from: freedomgo on March 28, 2023, 04:45:09 PM

Quote from: Bananington on March 18, 2023, 12:30:46 PM

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

The only major disadvantage when you are a member in a trading group is when you start believing that trading is so easy that any trader can be so much profitable like the veteran traders in the group. So you did your own trade quickly without analyzing the market well, just imitate the same strategy that work on others, and then you end up trading at a loss. Not realizing that strategies that work for others might not work on you. The reason why we have to develop our personal trading strategy.

Just make yourself stick into realistic things, dont make yourself get easily believe on what others been saying or trying to show.The case when you do see these things then it wont really be bad to test it out
but its better not to make yourself that get affected or changed up your mind. They would really be trying to claim that it do works and on this time then you would be changing yours.
This is where it would continue out and if you do stick into this kind of behavior then it would totally be affecting your trading career path. Nothing beats out if you do rely
with your own style and preference on making and creating strategies.

freedomgo

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Quote from: Bananington on March 18, 2023, 12:30:46 PM

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

The only major disadvantage when you are a member in a trading group is when you start believing that trading is so easy that any trader can be so much profitable like the veteran traders in the group. So you did your own trade quickly without analyzing the market well, just imitate the same strategy that work on others, and then you end up trading at a loss. Not realizing that strategies that work for others might not work on you. The reason why we have to develop our personal trading strategy.

Kelvinid

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Quote from: RockBell on March 25, 2023, 10:26:12 AM

The issue is that even if you join most of these communities, it won't change the fact that it is risky to be new and join a trading community without any experience. It's also important to consider the security of protecting your assets because most of these communities could be scams and you could become their victim. However, once you have some experience, you can, in my experience, distinguish between scams to some extent. as for me knowledge first, and I would not advise a new trader to go into trading without basics.

Joining communities is also a way to familiarize trading and a sort of learning tool. Of course, we can't expect that everything we wanted to learn will come from them, not these people knowing the fact that some of these members might be scammers. That is why we should still not rely on them, they can be useful for other things but not enough to give trust to anyone in this group. We can learn some things from them somehow but we also have to work hard personally.

Topic: Will you advice a new trader to join a trading community or group? (Read 801 times)