Post
Topic
Board Trading Discussion
Re: The Power of Social Trading: Can It Improve Decision-Making for New Traders?
by
Assface16678
on 19/06/2024, 23:10:15 UTC
On one hand, it can be awesome to learn from the pros and see how they're reading the charts. On the other hand, blindly following someone else's signals might not be the best recipe for success. So, what do you think?  Could this kind of social sharing improve decision-making for new traders?
You can consider this as your learning guide but I don't suggest to fully rely on this, you have to consider the risk of doing trades without understanding it's fundamental strategy. You can all have the signal and advises from the pros but still at the end of the day you should have your own strategy that will fit for you, and by this you can have real success in trading.
True, social trading is there so that you can know why they have come up with the trade or what is the atrategy and indicators that the traders do in order to formulate that signal, if you are a wise trader and you will take advantage of those things and you actually digest the new learnings or tricks of other traders then you can achieve a greater knowledge and skills with doing social trading you can encounter many different ways or method that those traders do and that is the beauty if social trading, but if you are a trader that only cares about the profit and just relying on the signals without any odea why they come up with that then I think you can't go anywhere because those social trading, signals are not always there so if you dont have anything to follow then it could be the end of your trading career.