Quote from: SquallLeonhart on August 08, 2019, 09:05:46 AM

Quote from: katerina5643 on August 06, 2019, 12:21:18 PM

I do not think that excessive confidence is always good for trader.
I suppose that trader should consider all possible scenarios and do not rely only on someone's analysis. Personally i try to make my own market research but often my predictions match with predictions of Monfex. I found this platform on Trading View and sometimes read their trading ideas.

That is right, you have to make some comparisons first to confirm your own analysis even when it feels like you are so sure of yours. As they say that two heads are better than one, when I also make some analysis, I dot fell like I am perfect about it, I make some research around to see if my own analysis correspond with other peoples analysis also.

One of the reasons why some traders fails is because they over rely on their own knowledge alone, I know it is good not to rely on peoples opinion too much, but we can still use them as a base to confirm our own. If this is what many people do, I am sure that we will not be having some stupid different predictions that we see in the market that makes one so annoyed and you would have to ask if the analyst is a reasonable person or not.

True! I also think that the best decision is to make your own analysis and then compare it with trading signals on reputable sources.