Post
Topic
Board Trading Discussion
Re: The Power of Social Trading: Can It Improve Decision-Making for New Traders?
by
Finestream
on 28/06/2024, 15:17:59 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.
Well, aside that it can be of more help to you that serves as your supporting team in trading and leaves a positive effect emotionally, this is also a great avenue to improve your own trading skills and strategies that you will only completely rely when this trading community suddenly gone. So it’s more on creating positivity than the other way, but as long as you also learn on yourself and build your own confidence in trading, at the end of the day, you will only trade following your own decision in trading, and not rely on others as they are not actually 100% reliable at all times.