Quote from: Monarch B on Today at 02:24:56 AM

Quote from: letteredhub on January 27, 2024, 10:52:55 PM

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes directly out of your own self-made analytical work.

It is nothing but foolishness to take signals from other groups when it comes to your word for rational trading. It will make you lazy and you won't learn anything. But the owner of the group will make their fixed income every day. So the new trader always needs to do something to learn better. You see what works best for you and try to do well.

Having a tendency and dependence on other users' signals will not make the trader grow. A trader must learn to become an independent trader even though they need a lot of time to learn. They can certainly benefit from other users' trading signals, but this does not allow them to gain anything useful about their knowledge and ability to make analysis.

Some traders may be too comfortable to trade without having to exhaustively carry out their own analysis, but such a tendency never benefits them in the long run. They need to learn to become independent traders and be able to make wise decisions and analyze opportunities independently.