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Following other's trade ideas

LyudmilLukanov
Oct 17 2020 at 17:21
461 posts
GeorgeBischof posted:
I don't think it is a good idea. Because every trader doesn't have the same knowledge and experience in this market.

Every person is different as well as their preference. They create their strategy with their own preference which might not work for other trader.

turduckenpant
Oct 27 2020 at 10:44
29 posts
I think that it depends on the trader. Some find it useful to trade using others’ ideas while some don’t.

mister_trader623 (mister_trader623)
Oct 27 2020 at 12:13
13 posts
I think it is ok to a point, I would use his\her\binary ideas and then mold into my trading style.

Be more financially free then yesterday.
Cegar (Cegar)
Oct 30 2020 at 10:31
19 posts
Copying another traders trading plan is an effective way for a person that a busy schedule to take for trading and make sure that they make money even though they do a lot of work. ti makes things easier and gives you time to focus on other things. It is not recommend though.

Tocage
Oct 30 2020 at 12:24
10 posts
Following other trades trade idea is only effective if you are not a beginner. If you are a beginner and you want to copy trade then you are going to miss it a lot of things and the chances of you making it big in forex is very small because you don't ever fully understand what you're doing.

Martingupttil
Nov 20 2020 at 06:43
38 posts
For different people, trading comes differently. It is up to you what your financial goals are and trade accordingly.

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