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Topic: Will you advice a new trader to join a trading community or group? - page 2. (Read 749 times)

legendary
Activity: 2254
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Joining a trading group or community is a great idea, Infact, I consider it to be an important part of trading, it helps to focus, and also to have easy access to important informations very quick, as you don't get to dig for every information yourself all the time.

When I was a serous trader, I joined a lot of trading groups on telegram, though majority of those groups were filled with spammers and scammers looking for the weak ones to dupe, but there were still few of the groups that had some serious business minded people on it, and my stay in those groups were really fun and very informative, and educative to me..

So indeed, as a trader, finding a good trading community or group to join is indeed very helpful, much more than we can imagine.
legendary
Activity: 3094
Merit: 1127
Participation in trading communities and groups can be very beneficial for traders as it provides them with the opportunity to connect with other traders who understand their situation and can share their experience and knowledge. This can help reduce feelings of isolation and improve market understanding.
In addition, in trading communities and groups, you can exchange new strategies and ideas, get feedback on your own strategies, and analyze the market together with other traders. This can help a trader expand their horizons and improve the quality of their own decisions.


I don't know if I'm the only one who haven't come across real trading group you discuss, the ones I do see are channels that is operated by just one person and in that kind of channels, you can't discuss anything with other members. The groups for discussion are always litered with scams, unnecessary messages and noise makers that shill other shitcoins. It is good if we habe those kind of groups and community where we can interact with other traders but I will not advice other traders to jump into trading immediately with other peoples ideas, it can back fire anytime.
You aren't the only one since i havent joined any groups or whatsoever in correlation with these kind of stuffs which i do consider myself as self learn in all the trading methods and strategies that i have learn.The rest of learning could really be acquired though real experience or engagement with trading.Just like what others been saying that it wont really be that necessary to join up these groups since information and things could really be learnt up online since information is really just here for us to search up and learn from it.Doesnt matter whether you do join or not but i would recommend that it would be better to go solo and alone when it comes
to learning on which you could find out for yourself on what trading strategies and methods that suits you in.
full member
Activity: 546
Merit: 148
Participation in trading communities and groups can be very beneficial for traders as it provides them with the opportunity to connect with other traders who understand their situation and can share their experience and knowledge. This can help reduce feelings of isolation and improve market understanding.
In addition, in trading communities and groups, you can exchange new strategies and ideas, get feedback on your own strategies, and analyze the market together with other traders. This can help a trader expand their horizons and improve the quality of their own decisions.


I don't know if I'm the only one who haven't come across real trading group you discuss, the ones I do see are channels that is operated by just one person and in that kind of channels, you can't discuss anything with other members. The groups for discussion are always litered with scams, unnecessary messages and noise makers that shill other shitcoins. It is good if we habe those kind of groups and community where we can interact with other traders but I will not advice other traders to jump into trading immediately with other peoples ideas, it can back fire anytime.
newbie
Activity: 22
Merit: 0
depends on who you follow not all the groups are scammers there's good people you can learn from for free

i wish i could show you some picture here with proof but i can't post link here if you need real trading community to learn

how to trade for free just message me.
hero member
Activity: 2814
Merit: 576
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?
I would never hesitate to advice a newbie to join a trading community so that he will be aware on what is real trading is all about. That way, he will gain more insights on how to be a successful trader and a consistent profitable one. But I would always want to clear this thing in the first place that trading is certainly more losses for newbies than real gains. And whatever trading strategy that might work for others does not guarantee that it will also work for you. I guess he will be more cautious to trade knowing that.
hero member
Activity: 2730
Merit: 588
Participation in trading communities and groups can be very beneficial for traders as it provides them with the opportunity to connect with other traders who understand their situation and can share their experience and knowledge. This can help reduce feelings of isolation and improve market understanding.
In addition, in trading communities and groups, you can exchange new strategies and ideas, get feedback on your own strategies, and analyze the market together with other traders. This can help a trader expand their horizons and improve the quality of their own decisions.


If it is free, that's more than fine as you can gain some insights with the trading strategies.
But if they will start charging you, then, think about their motive.
Joining a free trading group would be a good one for your trading journey.
But remember, you should filter what they are suggesting as it may not be applicable to your situation.
You can always read their opinions, insights but it doesn't mean, you need to follow each one of them.
member
Activity: 938
Merit: 13
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Participation in trading communities and groups can be very beneficial for traders as it provides them with the opportunity to connect with other traders who understand their situation and can share their experience and knowledge. This can help reduce feelings of isolation and improve market understanding.
In addition, in trading communities and groups, you can exchange new strategies and ideas, get feedback on your own strategies, and analyze the market together with other traders. This can help a trader expand their horizons and improve the quality of their own decisions.
legendary
Activity: 1806
Merit: 1159
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.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
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?
No. Strategies will never change from the old buy low sell high game. In Spot at least, that is the most effective. Rest of the modes of trading are all gambling, not trading. This is not a college study group where reading more gives you more knowledge or sharing notes.

Quote
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?
Disadvantage indeed. You will have the habit of checking that group everyday and pondering over it. Instead of wasting your time on that you should focus on family and friends to keep your mind fresh after trading.

100% of the content in these groups is bullshit and useless, so focus on your one man army of traders and also give time to things that you love to wind down.
copper member
Activity: 2968
Merit: 574
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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.
sr. member
Activity: 784
Merit: 366
Underestimate- nothing
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.
hero member
Activity: 896
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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.
Yes recently I have joined some such groups, and yes their suggestions and tips are serving me well.  Being associated with such communities and groups I think helps a lot to increase your knowledge about trading and get all the latest updates easily. So I think there should be more positive things here
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Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?
I would call a major disadvantage when a member is dependent and tied to only one group or community. By doing this, instead of increasing his knowledge, he may be confined to one place. So my advice would be to trade with your own strategy and knowledge and join these communities or groups as an extra helping hand.
member
Activity: 151
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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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.
I am agreeing with you in this point that there is nothing wrong with a new trader joining a trading community or trading group for good guidance and learning. But here I want to say something more that to become a professional trader, it is not enough to always rely on a few such communities or groups, you have to explore yourself and follow their guidelines as well as visit more communities, it is very important for learning.  Will be helpful.
Obviously, one cannot choose a specific limit area for learning. If one wants to learn, he has to gain knowledge from different fields. Moreover, even if a new trader understands the language of the professionals, he will need to acquire more knowledge. Because to be successful in trading, I think he needs to acquire different types of knowledge.
sr. member
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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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.
I am agreeing with you in this point that there is nothing wrong with a new trader joining a trading community or trading group for good guidance and learning. But here I want to say something more that to become a professional trader, it is not enough to always rely on a few such communities or groups, you have to explore yourself and follow their guidelines as well as visit more communities, it is very important for learning.  Will be helpful.
hero member
Activity: 700
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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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.
hero member
Activity: 2772
Merit: 518
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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?
There’s no harm if you advice a new trader to join a trading community as that will help him to learn more about trading strategies and skills, and to heighten his knowledge on trading. However, this will only harm a trader if he trade quickly thinking that he could also be profitable like other members in the community. Trading is not like that, you will only be profitable and successful in trading if you have achieved the required knowledge and skills, and that you can already be efficient in reading the market and making good analysis on it.
A newbie must know their limitation when it comes to trading and must also know their needs before starting trading.
Because it was not enough to just collect ideas and hear their advice/tips about trading but also it need to study the market and apply those things. Honestly, there is no perfect teaching about trading and their tips are sometimes not suitable for the market conditions which is why we also have to practice not relying on them but rather studying the market behavior as well in order to fully understand how trading works.
hero member
Activity: 2912
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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?
There’s no harm if you advice a new trader to join a trading community as that will help him to learn more about trading strategies and skills, and to heighten his knowledge on trading. However, this will only harm a trader if he trade quickly thinking that he could also be profitable like other members in the community. Trading is not like that, you will only be profitable and successful in trading if you have achieved the required knowledge and skills, and that you can already be efficient in reading the market and making good analysis on it.
hero member
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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?
Perhaps, it was a good decision as these people within the group can somewhat give useful advice and tips which could really help us to grow and improve our strategies as well. I do look for a group in our place, but unfortunately, it was really hard to find especially when they are also anonymous which is why I just end up getting with my old friend. I'd never expect to work well but it looks like it works more than being in the group so I decide to stop looking for them anymore.
Many heads are better than one or two but being a congested group and with consist of different people, that is somewhat hard to keep them. I'd rather keep alone or just with my friend so we can talk clearly and effectively.
legendary
Activity: 3094
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Joining a trading group can be of advantage and disadvantage to those newbies that choose to join on their own. As for me, I find it hard to join a trading community not to talk of advising a newbie to join one. I can only advise someone to join what favors me more than what doesn't. Why I do that, is not to be blamed tomorrow on how he lost to trade or how someone managed to give him a wrong signal on how to trade.

Since I suffered a terrible loss following trading signals that a friend offered me, I try to keep away from trading in the cryptocurrency space.
That’s also the risk of joining a trading community when your intention is not to increase your knowledge in trading but to follow strategies from others, thinking what’s fit for them might also fit for you. You will only lose your trade as a beginner if you behave like that. However, if you only join because you want to learn more about trading and how it should be deal with, I guess that is an advantage for a beginner having exposed to what’s happening in a real trading scenario.
When you are just noob then you would really be having those main thoughts on which you would really be that easy to believe on what others analysis has ended up too on which you do make use of it and then later on
you had just experienced the other way around which we know that it isnt something that ideal on tending to follow someone.Its not bad to see up some good analysis which you could apply into yours but of course
you should really be that keen on doing that. Its up really depend on how someone would be able to adapt on things and wont easily get hooked up on being hyped and been shilled out.
Its up to yours whether joining group would be relevant or not.
hero member
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Joining a trading group can be of advantage and disadvantage to those newbies that choose to join on their own. As for me, I find it hard to join a trading community not to talk of advising a newbie to join one. I can only advise someone to join what favors me more than what doesn't. Why I do that, is not to be blamed tomorrow on how he lost to trade or how someone managed to give him a wrong signal on how to trade.

Since I suffered a terrible loss following trading signals that a friend offered me, I try to keep away from trading in the cryptocurrency space.
That’s also the risk of joining a trading community when your intention is not to increase your knowledge in trading but to follow strategies from others, thinking what’s fit for them might also fit for you. You will only lose your trade as a beginner if you behave like that. However, if you only join because you want to learn more about trading and how it should be deal with, I guess that is an advantage for a beginner having exposed to what’s happening in a real trading scenario.
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