Will you advice a new trader to join a trading community or group? - page 7.

Lanatsa

hero member

Activity: 2968

Merit: 687

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?

Depends on your intent, if you are really that minding on getting some ideas from those experienced traders out there, then it wont really be that a bad idea on doing so but if you are already that putting yourself

on relying on what they are really that making then it would really be just that bad.Being a new trader, then its really hard to stood with your own feet but we know that it cant just be that impossible.
There are various ways or those common ways or methods on sustaining yourself.It is really just a matter of research and actual engagement which would give out realizations which would really be that
helpful in towards into your trading career. Learn up on your own and make yourself get used on being independent.

Husires

legendary

Activity: 1596

Merit: 1288

If this group claims that it will help you to profit, or that they are professional traders, or that you follow their trading strategy, or any form of payment to members of the group, then it is better to stay away from those groups because you will not learn, but rather you will be exploited to make an investment that will benefit them.
Open groups in which people share their opinions and analyzes away from any biased point of view are the best, and Speculation board in this forum is an example of that.

|MINER|

sr. member

Activity: 1274

Merit: 457

For crypto trading it is not preferable to depends on those trading signal groups. Currently, there are many scammers who unnecessarily open these groups or communities to provide these services. So I think it is better to avoid them.
But as a newbie, if you don't know anything at all, some authentic groups can be followed, and the ability to analyze can be easily adopted by following.

sulendra12

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Reward: 10M Shen (Approx. 5000 BNB) Bounty

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

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?

Depends on the person itself, people prefer to be alone to learn or just being a silent reader to actually learn something instead of communicating via trading groups in social medias. There is nothing wrong with either two of that because if you are planning to learn something you will have the benefit to learn it and with the minus point as well.

By joining trading groups, you will have more circle of people that are interested into same thing so you can discuss stuff more such as trading so you have better understanding about tips and trick in trading. But, you have also the risk of being a victim of FUD and FOMO because there are always bad side about those groups. It does have the benefit, the point is how do you filter those knowledges so you can use it in your real trading scene.

alastantiger

sr. member

Activity: 728

Merit: 444

My advice would be:
- do not trust anyone enough to share any personal information or details.
- Do not click on links shared on whatever platform it is unless you are absolutely sure.
- the majority can also be wrong. So, do your own research.
- The admin of the group would never send you a DM. So, do not be deceived.
- As soon as you feel suspicious about the activities of the group or you feel that they are derailing from the purpose for which the group was create, leave the group.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

Joining a trading community that is similar and transparent like this forum is good, although this forum trading discussion is not enough in my opinion.

Good for newbies to be careful of those telegram groups, many can lead to scam.

If the newbies already know how people can use trading services to scam and avoiding it and only believe in trading by himself, I do not see anything bad there for him not to join a trading group.

But a trader is best for himself when he do not depend on anyone or group or forum about trading.

Oneandpure

sr. member

Activity: 2114

Merit: 309

For beginner need more literation and education actually by joining trading community or group will help them for choosing good or not some coins for trading, but when my position as beginner I need many community and group for updating about which one potential coins for investing, but not all communities or group give effort and help beginner because several group try to make beginner loss by investing with coins have up drastically.

Need additional research for beginner if want learn and try investing in cryptocurrency, don't accept with all recommendation about which worth coins for investing and need to know how far that coins going up.

Alisha-k

member

Activity: 840

Merit: 23

I wouldn't advice any one join a trading community or group, neither will I kick against it, everyone has a learning capacity that is different from the other, so if you've checked and you'll learn better with any one of them or even both, then go for it.

Afterall, we tend to learn better and faster when we learn from others experience, so in as much as the aim of acquiring knowledge and getting better is not defeated, go for what works better for you.

Jody.Drummer

hero member

Activity: 1750

Merit: 567

Leading Crypto Sports Betting & Casino Platform

I will not suggest and I also will not prohibit beginners from joining communities or trading groups. That can be fine as long as the goal is to gain knowledge and share experiences with each other on what to do in trading. Also it will not be good if the initial goal is wrong, such as following other people's trading methods, or swallowing what people in the group say. And also don't be mistaken for having a trading community or group, because many of them only take advantage of new members for their own interests, such as selling trading signals or something like that.

palle11

sr. member

Activity: 2366

Merit: 332

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

Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

The advantage is that you can be there and get wiser about what happens there so that you can build your own experience also. As a newbie, you may be eager to join such group hoping that it is where you make profit easily and faster but ask yourself how big is the owner of the group? He is just as a trader like you. You may be lonely as a trader but you can read online, watch trading videos.

Bananington

sr. member

Activity: 1470

Merit: 428

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?

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