Post
Topic
Board Trading Discussion
Re: Newbie traders, work on yourself.
by
jossiel
on 06/02/2024, 20:25:50 UTC
Start to learn on your own and you'll get to see how it is essential to get on with the market, the changes, the news and almost every stuff that you can work on to improve yourself in trading. Even not in trading but with your familiarity on the market.
Some people actually teach themselves to develop their trading potential and they use various social media to learn technical and other things related to trading. Even though the risks are big, people will be able to understand much better when they are directly involved slowly and to avoid losses we can try with a small potential first.
I agree going on with small amounts first. This is lessening the risk that you're taking upon trading and newbies don't have to jump to big amounts as they start. That is one common mistake that we see being done by them. They jump to the conclusion that they'll earn big if they start big but no.

Everyone should just forget about signals. They are not going to do you any good but they'll ask you money for your participation there by receiving nonsense signals from them.

So, it's best to just develop your own way of analyzing the market, going on with technicals and fundamentals and that's more than enough.
Following signals may not be a problem as long as we try to analyze them again before getting involved in them. The aim is to compare the strategies they offer with the strategies we have developed ourselves. Following other people may not always be wrong because there are times when it will be quite useful, as long as we review it and don't follow their pattern completely.

Developing one's potential in trading would be much better, but we need comparisons as several people on social media have tried to explain regarding trading, but don't forget to make your own research before making a decision.
So, take some ideas from the signals but still study them and analyze if they're good or not. Well, it's up to you if that's what you think with signals and they're meaning ful.

For me, it's just best to avoid any of them because you might be one of those that are being manipulated by these signals instead of you being aware of them that you should them.