Will you advice a new trader to join a trading community or group? - page 4.

_BlackStar

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Quote from: TimeTeller on March 20, 2023, 04:12:31 PM

Quote from: _BlackStar on March 20, 2023, 01:50:27 PM

-snip-

Most of the time, you will read successful stories but they won't share their failures and reasons why such failures.
Maybe for the sake of getting insights, you can join them as long as it is free.
But if they will start asking for a fee, then, better get out. You can earn your skill or knowledge on your own.
You can actually discover a lot of tricks if you will do your own trading. Just start small and be patient with your journey.

I have joined several non-paid trading groups, but in the end I have to say the same thing.
Of course, not everyone in the group is the same, but for the most part it's hard to get them to say something useful especially the strategy. Only paid groups may be good to consider in some case, the rest is considered at your own risk.

disconnectme

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Recently, I came to the conclusion that most if not all these trading community do not know what they are doing, it is full of noise and those selling trading courses are there to take your money and to my surprise most of them are not making money trading but just selling calls to you. If you think you need help, it is better to form a group of like minds not more than five, that you can share your ideas together, through this you get better

taufik123

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Quote from: Finestream on March 20, 2023, 06:58:05 PM

-snip-
Just don’t trade using other strategies because it might not work for you and it will ruin your trades. Always have your own way to trade, and develop your skills and strategies from trading that you think will definitely work on you, and not because it work for others.

Trading with other people's strategies is not recommended, it's good that a group is created so that professional traders can interact with each other and novice traders.
I have many trading groups that provide a lot of knowledge about trading and I use it to create my own strategy.
If you only depend on other people's strategies then there will be no progress.

Quote from: serjent05 on March 20, 2023, 06:59:47 PM

-snip-
The only disadvantage I see is if we let ourselves be exploited by other traders. Other than that, I think it is all good.

Exploited by other traders, maybe because of a lack of knowledge so that it can be used for the benefit of others.
There are some professional traders who do provide knowledge for free and there is no intention behind it, but there are also those who provide knowledge but have a hidden intention to benefit themselves.

serjent05

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Quote from: Bananington on March 18, 2023, 01:30:46 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?

It is always good to have a community or group that will update us about trading. It also help us gain experience by listening to the people's rant and stories on how they perform well or bad in their thread. Learning isn't about our own personal experience, it is richer to learn other people's stories of success and failure. Life is too short to experience all of them so better learn from others.

Aside from that being in a group makes us enjoy things since interacting with other people is proven to make us learn a thing or two. So yes, it is a good thing to join a trading group.

The only disadvantage I see is if we let ourselves be exploited by other traders. Other than that, I think it is all good.

Finestream

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Quote from: Nrcewker on March 19, 2023, 12:45:18 PM

Yes, you should definitely join a trading community or group. But you should only join it to learn how to trade and when to trade and when not to trade; if you are only joining to get free calls from the group, then I would suggest you not do so. Trading on other people’s calls is not good, at least not for a beginner. If the call turns out to be good, then you're going to praise the person who gave you the call, but if the call turns out to be bad and by chance you lose your hard-earned money for it, then you're going to curse that person for the rest of your life. So it’s important to learn trading from scratch. If you are a newbie, then it’s better to have theoretical knowledge at first, then go for live trading.

Joining a trading community actually create an advantage especially for beginner traders. You will know how to succeed and be profitable in trading because the members will surely share tips and ideas on how trading works. So you will learn to expand your knowledge in trading, and with different experiences from traders, you will know how to avoid mistakes and losses. Just don’t trade using other strategies because it might not work for you and it will ruin your trades. Always have your own way to trade, and develop your skills and strategies from trading that you think will definitely work on you, and not because it work for others.

Lanatsa

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Quote from: Bananington on March 18, 2023, 01:30:46 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?

When you do join up some groups then you would really be basically be prone to lots of shills and fomo or even on fud from those people who had joined that group.Its very common that you would really be
prone or would be exposed into this one and if you are a newbie who arent that emotionally that stabled or prepared then for sure it would really be affecting your overall plans and methods which you had planned earlier.This is why i dont recommend on joining up some groups but if you do intend to join for the sake of interaction with other users and not been able to get easily affected for whatever
shills and fuds around then its isnt really that bad to consider on joining as long you do know on what you are doing.

abel1337

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Quote from: Bananington on March 18, 2023, 01:30:46 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?

It's not bad joining on those trading groups as long as you don't pay them or make pure do your trades because that trading group told you so. You are trying to improve this is why copying other won't do any thing good to you. I personally joined some trading groups on my social media but I don't really rely on it that hard, Some of the members of those groups shares there insights about their current trading moves and what they are currently trading, This gives me an idea on what to potentially trade and what kind of approach I can use to trade that kind of token. Joining on a groups that you know you will learn is never be a bad thing .

JoyMarsha

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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.

lousie9

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Quote from: TimeTeller on March 20, 2023, 04:12:31 PM

Quote from: _BlackStar on March 20, 2023, 01:50:27 PM

I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.

After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.

Most of the time, you will read successful stories but they won't share their failures and reasons why such failures.
Maybe for the sake of getting insights, you can join them as long as it is free.
But if they will start asking for a fee, then, better get out. You can earn your skill or knowledge on your own.
You can actually discover a lot of tricks if you will do your own trading. Just start small and be patient with your journey.

I completely agree with your opinion, for beginners who are really just starting trading, I think it's best to seek knowledge independently, whether by reading or watching videos about trading education or learning directly from someone who has good capacity or knowledge in trading.
because right now I think most trading communities or groups have now been made into wetlands for commercialization or in other words if we want to join that group or communities and take knowledge there we have to pay first so that we have full access and more knowledge in that community.
In fact, there have been many cases of trading communities founded by well-known people or even some influencers, it turns out that they are defrauding beginners who really don't have any knowledge of trading.

Huppercase

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Quote from: Bananington on March 18, 2023, 01:30:46 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?

Community group is a good thing but you have to define the purpose from beginning. As a community, you main objective is to learn one or two things from different people, as they used to say that there is no knowledge that is a waste, you will get the opportunity to learn one or two things from other traders but never made a mistake of using another trader strategy, it may not end well. Another important thing you should look out for is scammers, they have one it two of them in every most community, try and avoid them and don't fall for their traps, knowledge should be your target.

DainSLane

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Quote

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 can be beneficial for sharing tips, strategies, and resources, but traders should be cautious of echo chambers and hype-focused communities. It's important to do your due diligence and evaluate any community before joining.

TimeTeller

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Quote from: _BlackStar on March 20, 2023, 01:50:27 PM

I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.

After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.

Most of the time, you will read successful stories but they won't share their failures and reasons why such failures.
Maybe for the sake of getting insights, you can join them as long as it is free.
But if they will start asking for a fee, then, better get out. You can earn your skill or knowledge on your own.
You can actually discover a lot of tricks if you will do your own trading. Just start small and be patient with your journey.

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Quote from: Jody.Drummer on March 19, 2023, 05:27:17 AM

The problem is that when they still don't have any basis in trading, it looks like they are standing by to those who are already there and I have felt that before because they were there, the assumption was that we could get leaked signals for free without needing to think about analysis or anything, because already There is.
Indeed, to increase knowledge is a good thing, but we cannot be completely complacent with it because we also have to keep learning to be better so that the condition is not detrimental to ourselves in the end.

I think you are guilty because you are only depending on others. But why not tip those traders that give you a winning signal? That should ease the guiltiness that we feel and then we can also try learning on our own so that we can be independent later on. We can still be part of that community but this time we are the ones who will share our knowledge.

It was like we are bringing back the favor to them and it was a way of saying thanks for their help once we are still a newbie in the scene of trading. A community or a group is always great to have so that we will have a company with us. We can talk to the people with the same interest as us. It kills boredom or being alone, so it's always a must to have.

_BlackStar

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I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.

After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.

Oceat

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It depends on what group of people you are in since some aren't there to teach you but instead they want to take your money when trading especially the so-called trading signal group. It's best you avoid them and find a reliable trader who does actually teach you how to trade.

But nowadays, I don't think you can find a legit one since a real trader are busy making profit in the market and if you happens to find one but they asked for payment then don't. It's better to do some research and learn your way up than waste your time on them since the information you needed is all free on the internet and majority of these so-called experts aren't actually teaching you how to make profit. They are all just good at talking but not really at making money in trading.

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Quote from: michellee on March 20, 2023, 03:01:37 AM

I think we can join a trading community or group while in that place we can get more lessons about trading to help us improve our trading skills. Usually, we join a trading community or group because of a friend's invitation, which will make us more familiar with trading. In addition, we also share experiences.

The disadvantage is that some people may offer something that could interfere with the goals of the community or trading group. But that's okay if we don't get annoyed by their ads.

Yes, it's better for beginners to join several groups with the aim of finding references and experience, besides that you will get new knowledge and insights in the group. But on the other hand you also have to be smart in choosing groups, sometimes they are only concerned with themselves and don't contribute to each other with their members, and there are not a few groups that only contain fraud.

Do you know how to find a trustworthy trading group or community? It's hard to tell the difference.

Inwestour

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Quote from: Bananington on March 18, 2023, 01:30:46 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 question here is how to find such communities, or as I understand it, closed groups of traders. It is necessary for someone to invite you to such a group, or you found it yourself, I don’t think it’s easy to do.

But the idea is probably not a bad one, if I had the opportunity to visit such a group and look at the level and results of traders, then I could decide how useful this group is. But I also understand that successful traders do not need to share their experience and results, so I am still skeptical about this.

tjtonmoy

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I don't think anyone can benefit from any community or groups. At least not in the long run. In short run, you may follow other or trade according to their data. You may get some profits, but when it comes to do it on your own, you are lacking the base material to do it. And they are human too. They can't give you 100% accurate prediction every time.
Nowadays, all I see is people creating community or groups in order to scam people. It's all just pump and dump scheme. Mostly happens in alts market. And joining any community or group makes you depend on other people rather than gaining knowledge on your own. I still believe that what you learn by yourself, you will never forget that in your life.
This is just my opinion. So I try to do it on my own.

michellee

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I think we can join a trading community or group while in that place we can get more lessons about trading to help us improve our trading skills. Usually, we join a trading community or group because of a friend's invitation, which will make us more familiar with trading. In addition, we also share experiences.

The disadvantage is that some people may offer something that could interfere with the goals of the community or trading group. But that's okay if we don't get annoyed by their ads.

xSkylarx

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Quote from: Strongkored on March 19, 2023, 10:04:12 PM

Quote from: Bananington on March 18, 2023, 01:30:46 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?

Unfortunately it's hard to find a trading group whose content is sharing knowledge to improve the skills of traders, a lot of it only contains sharing about signals or sharing other things that end in fraud, that's why I prefer to leave a community group like that, but if it really exists and can help to improve our skills, why not? For novice traders it seems that it would be better to learn from tutorials on the internet and also learn many kinds of fraud so they don't fall for it when they enter trading groups.

There are few in social media but again there are tons of trolls also but here in our forum you can find threads that you can learn and exchange information about trading but i dont see a website that is a forum that is intended for crypto trading unlike in forex that I've seen reputable one and they are not giving signals, they are giving their strategy for others to analyze and improve more which i would say if you are newbie you cant relate at all.

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