Will you advice a new trader to join a trading community or group?

[Bananington]

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

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[palle11]

Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

The advantage is that you can be there and get wiser about what happens there so that you can build your own experience also. As a newbie, you may be eager to join such group hoping that it is where you make profit easily and faster but ask yourself how big is the owner of the group? He is just as a trader like you. You may be lonely as a trader but you can read online, watch trading videos.

[Jody.Drummer]

I will not suggest and I also will not prohibit beginners from joining communities or trading groups. That can be fine as long as the goal is to gain knowledge and share experiences with each other on what to do in trading. Also it will not be good if the initial goal is wrong, such as following other people's trading methods, or swallowing what people in the group say. And also don't be mistaken for having a trading community or group, because many of them only take advantage of new members for their own interests, such as selling trading signals or something like that.

[Alisha-k]

I wouldn't advice any one join a trading community or group, neither will I kick against it, everyone has a learning capacity that is different from the other, so if you've checked and you'll learn better with any one of them or even both, then go for it.

Afterall, we tend to learn better and faster when we learn from others experience, so in as much as the aim of acquiring knowledge and getting better is not defeated, go for what works better for you.

[Oneandpure]

For beginner need more literation and education actually by joining trading community or group will help them for choosing good or not some coins for trading, but when my position as beginner I need many community and group for updating about which one potential coins for investing, but not all communities or group give effort and help beginner because several group try to make beginner loss by investing with coins have up drastically.

Need additional research for beginner if want learn and try investing in cryptocurrency, don't accept with all recommendation about which worth coins for investing and need to know how far that coins going up.

[Oshosondy]

Joining a trading community that is similar and transparent like this forum is good, although this forum trading discussion is not enough in my opinion.

Good for newbies to be careful of those telegram groups, many can lead to scam.

If the newbies already know how people can use trading services to scam and avoiding it and only believe in trading by himself, I do not see anything bad there for him not to join a trading group.

But a trader is best for himself when he do not depend on anyone or group or forum about trading.

[alastantiger]

My advice would be:
- do not trust anyone enough to share any personal information or details.
- Do not click on links shared on whatever platform it is unless you are absolutely sure.
- the majority can also be wrong. So, do your own research.
- The admin of the group would never send you a DM. So, do not be deceived.
- As soon as you feel suspicious about the activities of the group or you feel that they are derailing from the purpose for which the group was create, leave the group.

[sulendra12]

Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

Depends on the person itself, people prefer to be alone to learn or just being a silent reader to actually learn something instead of communicating via trading groups in social medias. There is nothing wrong with either two of that because if you are planning to learn something you will have the benefit to learn it and with the minus point as well.

By joining trading groups, you will have more circle of people that are interested into same thing so you can discuss stuff more such as trading so you have better understanding about tips and trick in trading. But, you have also the risk of being a victim of FUD and FOMO because there are always bad side about those groups. It does have the benefit, the point is how do you filter those knowledges so you can use it in your real trading scene.

[|MINER|]

For crypto trading it is not preferable to depends on those trading signal groups. Currently, there are many scammers who unnecessarily open these groups or communities to provide these services. So I think it is better to avoid them.
But as a newbie, if you don't know anything at all, some authentic groups can be followed, and the ability to analyze can be easily adopted by following.

[Husires]

If this group claims that it will help you to profit, or that they are professional traders, or that you follow their trading strategy, or any form of payment to members of the group, then it is better to stay away from those groups because you will not learn, but rather you will be exploited to make an investment that will benefit them.
Open groups in which people share their opinions and analyzes away from any biased point of view are the best, and Speculation board in this forum is an example of that.

[Lanatsa]

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

Depends on your intent, if you are really that minding on getting some ideas from those experienced traders out there, then it wont really be that a bad idea on doing so but if you are already that putting yourself

on relying on what they are really that making then it would really be just that bad.Being a new trader, then its really hard to stood with your own feet but we know that it cant just be that impossible.
There are various ways or those common ways or methods on sustaining yourself.It is really just a matter of research and actual engagement which would give out realizations which would really be that
helpful in towards into your trading career. Learn up on your own and make yourself get used on being independent.

[deathcode]

What is your advice to people?

Joining a trading community or group has many advantages and can increase our understanding of trading and can even exchange ideas among members.
But I myself would never advise beginners to immediately join a certain trading community or group, I would rather advise beginners to do their own research first and increase basic knowledge about trading.
Because in my opinion a trading community or group is currently mostly vulnerable to fraud, although not all communities but most of the current fraud communities take advantage of beginners who have absolutely no understanding and basic knowledge about trading.
So I think it's better and wiser if we advise beginners to know and add basic knowledge independently first, after they have sufficient understanding they can determine or join a community so they are not easily exposed to fraud.

[Russlenat]

Joining a trading community that is similar and transparent like this forum is good, although this forum trading discussion is not enough in my opinion.

Good for newbies to be careful of those telegram groups, many can lead to scam.

If the newbies already know how people can use trading services to scam and avoiding it and only believe in trading by himself, I do not see anything bad there for him not to join a trading group.

But a trader is best for himself when he do not depend on anyone or group or forum about trading.

I do not see wrong joining a legit trading community especially for beginner traders as it will open him to the realities of trading, and he can certainly learned from the experiences of other traders as long as the community or forum itself is transparent and no intentions to lure beginner traders. This is actually an advantage for them, but the bad thing is if these beginners will trade quickly because of greed of profits, once they will be tempted to use other trader’s strategies knowing some strategies may work for others but won’t work for them. It’s still best to trade on your own and learn on yourself.

[goaldigger]

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

There’s nothing wrong to join any free groups about trading, because they can help you as well especially if you raised a questions to them and want to have clarifications. Trading can be very hard at times and even if you read books doing that in actual can be different, so asking those who already have experienced in trading is a big help. What I don’t advise is to depend that much on that group, it is still better if you can trade on your own.

[nurilham]

I won't suggest/advise beginners or experienced traders to join any trading community/group. If they get problems in the community/group, they will blame me.    We know there are too many scammers trading communities/groups, there is a big chance to be scammed there, especially for newbies/beginners. The best advice/suggestion is to focus on learning and getting experience first before joining any trading group/community. So, they won't be easy to be scammed if they already have enough knowledge and experience.

[GeorgeJohn]

Actually joining a trading group and signal groups is quite right from one perspective but in other ways it has implications, which I believe that the implications might result positive neither negative, its encouraging to be independent in anything concerning trading so that whenever you experienced lost you will not portion the blame to anyone,  making good trade you most be committed by devoting time to acquire more knowledge of Trading with adequate research  of Trading, joining groups might mislead you with a none valuable information.

[Viscore]

I will not suggest and I also will not prohibit beginners from joining communities or trading groups. That can be fine as long as the goal is to gain knowledge and share experiences with each other on what to do in trading. Also it will not be good if the initial goal is wrong, such as following other people's trading methods, or swallowing what people in the group say. And also don't be mistaken for having a trading community or group, because many of them only take advantage of new members for their own interests, such as selling trading signals or something like that.

There are actually some advantages on joining a trading community, you share trade ideas, you learn from the experiences of others, you find immediate friends to support you on your trades especially when you’re devastated, and while the interest keeps growing, your learning will also not stop. However, if you join these communities to pay others to do trading for you, that is a disadvantage on your part. Although you can be stress free and trade effortless, but in the end you learned nothing and just become loser when those people who trade for you will leave the community. It’s good to engage yourself in a trading community, but never rely on them for your decision making in doing your final trades.

[shinratensei_]

it's always good to have a place where you could ask question related to investments and trading and I think newbies should always join that kind of community since usually newbies are lacking in experience, if the choice is to join or not to join then it's no brainer that one should be joining group for the sake of having information, etc.
but never ever take advice that's kind of influencing you into buying some random coins since that could be well just taking advantage of you since you are considered new, there has been many cases that some of these trading groups are manipulating their members so that they could gain profits.

[harizen]

As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

It depends on what kind of trading community group we are referring to.

There are so-called trading groups where in fact, just a shilling group offering some trading signals and so on with a paid service and subscription. On the other hand, there are trading groups that really discuss important stuff related to trading and will feed the mind of any newbies there.

If found a good trading group, there's nothing to lead newbies on that group to somehow be guided by experienced ones while still on the learning phase.

[Dr.Bitcoin_Strange]

At first it will look strange, but I think involving oneself in a group that has a similar mindset to yours is a solution that will help you learn from them, but there is usually some disadvantage, which is that you may not really get the right or best strategy to use because some people think their own best strategy is their secret, and the only way to get that information from such people is when you are both friends. Some trading groups are just a waste of time, and I cannot possibly advise a newbie to join such groups without noting some warnings. Instead, let the newbie visit some material online and also watch some tutorials on YouTube.