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Following other's trade ideas
तबसे मेंबर है Jul 19, 2020
751 पोस्टों
Sep 19, 2020 at 13:51
तबसे मेंबर है Jul 19, 2020
751 पोस्टों
I do not think that it is a good idea to follow others trading idea. It makes us confused. And sometimes greedy also which is very bad for trading. The best idea is to find out what suits you. Which type of trading is best for you. Then make a strategy that suits with your trading personality. Forex is a long term business. So we can't stay long by following others.
तबसे मेंबर है Jul 19, 2020
298 पोस्टों
Sep 20, 2020 at 07:23
तबसे मेंबर है Jul 19, 2020
298 पोस्टों
You are absolutely right. When I try to focus what others are saying about market. I loss my judgement. If their opinions is against mine, I can not stick to my own decision. As a result many times I lose money. Now I have stopped listening others.
तबसे मेंबर है Aug 28, 2020
15 पोस्टों
Sep 21, 2020 at 07:16
तबसे मेंबर है Aug 28, 2020
15 पोस्टों
Watching other's trades to get an idea of how things are done and for learning purposes, that is fine. But if one starts to rely only on other's trades and makes no use of his/her own ideas and concepts, then such trading is of no use. Sooner or later, such traders exit forex trading.
तबसे मेंबर है Feb 07, 2020
41 पोस्टों
Sep 22, 2020 at 08:49
तबसे मेंबर है Feb 07, 2020
41 पोस्टों
In my opinion, do not follow the trading ideas of other brokers just take a reference from them that how he trades, in which conditions, at what time frame, which trade size, leverage, etc. and try them on demo and then change it according to your strategy and idea and maybe you get good results it's like referring for a project from Wikipedia 😁
तबसे मेंबर है Jul 20, 2020
341 पोस्टों
Sep 22, 2020 at 20:17
तबसे मेंबर है Jul 20, 2020
341 पोस्टों
I think following others' ideas is not a good decision. Because every trader has some different tactics to win the trade. Others' tactics may not suit you and you can lose all your money.
तबसे मेंबर है Jul 19, 2020
788 पोस्टों
Sep 23, 2020 at 00:42
तबसे मेंबर है Jul 19, 2020
788 पोस्टों
It is very important to believe in yourself in trading. When one rejects one's analysis and looks at the analysis of others, there is no satisfaction in trading. Greed can often lead to losses in trading. Greed destroys trading careers. So always trade from positive to believing in your analysis.
तबसे मेंबर है Apr 15, 2020
219 पोस्टों
Sep 24, 2020 at 06:31
तबसे मेंबर है Apr 15, 2020
219 पोस्टों
Blindly following trade ideas is of no use, but yes using them to analyse the trend can definitely help. as a beginner you can use them for learning but ultimately build you own strategies to check for trade ideas.
The more your practice, the more you learn.
तबसे मेंबर है Sep 24, 2020
17 पोस्टों
Sep 25, 2020 at 08:10
तबसे मेंबर है Sep 24, 2020
17 पोस्टों
UweMoench posted:
I do not think that it is a good idea to follow others trading idea. It makes us confused. And sometimes greedy also which is very bad for trading. The best idea is to find out what suits you. Which type of trading is best for you. Then make a strategy that suits with your trading personality. Forex is a long term business. So we can't stay long by following others.
I want to ask one question. tell me how do you find your trading idea without contacting other traders and try different trading ways?
i don't agree with you that we can't stay long by following others. market is always change. and you have to find othertrading ideas.
so why dont following others while that?
तबसे मेंबर है Jul 19, 2020
318 पोस्टों
Sep 25, 2020 at 19:02
तबसे मेंबर है Jul 19, 2020
318 पोस्टों
I don't think it is a good idea. Because every trader doesn't have the same knowledge and experience in this market.
तबसे मेंबर है Jul 19, 2020
788 पोस्टों
Oct 08, 2020 at 00:09
तबसे मेंबर है Jul 19, 2020
788 पोस्टों
It is very important to believe in your analysis in trading. Many traders can do good analysis but rely on the analysis of others due to a lack of confidence. The next observation was that his analysis was good. So it is very important to build confidence in your trading analysis.
तबसे मेंबर है Jul 23, 2020
869 पोस्टों
Oct 17, 2020 at 17:21
तबसे मेंबर है Jul 23, 2020
869 पोस्टों
GeorgeBischof posted:Every person is different as well as their preference. They create their strategy with their own preference which might not work for other trader.
I don't think it is a good idea. Because every trader doesn't have the same knowledge and experience in this market.
तबसे मेंबर है Oct 26, 2020
29 पोस्टों
Oct 27, 2020 at 10:44
तबसे मेंबर है Oct 26, 2020
29 पोस्टों
I think that it depends on the trader. Some find it useful to trade using others’ ideas while some don’t.
तबसे मेंबर है Aug 24, 2020
13 पोस्टों
Oct 27, 2020 at 12:13
तबसे मेंबर है Aug 24, 2020
13 पोस्टों
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.
तबसे मेंबर है Sep 29, 2019
26 पोस्टों
Oct 30, 2020 at 10:31
तबसे मेंबर है Sep 29, 2019
26 पोस्टों
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.
तबसे मेंबर है May 21, 2020
18 पोस्टों
Oct 30, 2020 at 12:24
तबसे मेंबर है May 21, 2020
18 पोस्टों
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.
तबसे मेंबर है Oct 12, 2020
38 पोस्टों
Nov 20, 2020 at 06:43
तबसे मेंबर है Oct 12, 2020
38 पोस्टों
For different people, trading comes differently. It is up to you what your financial goals are and trade accordingly.
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