Post
Topic
Board Trading Discussion
Re: The Power of Social Trading: Can It Improve Decision-Making for New Traders?
by
Strongkored
on 29/06/2024, 06:41:27 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 have answered the question, following them blindly is foolish but there is a lot we can learn from them by studying and comparing with our own analysis, so decisions are still made with caution and after doing our research or analysis.

Such social sharing is held with good intentions to provide lessons to traders both new and old, but it is also wrongly interpreted for lazy traders who consider it an easy-to-determine position because they do not need to be tired of analyzing, but only traders who are willing to improve their trading skills at all costs will survive and make a profit.