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

[pgbit]

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?

Yes i am a part of Trading Community being part of a trading group has helped me gain insights into different markets and make informed decisions, leading to greater profits. However, conflicting opinions and views on strategies can be a major disadvantage, and it's important to use personal judgment when making decisions.
My advice to people is to join a trading group or community, but use their advice with caution. Listen to multiple views and take the time to research and analyze your own strategy before taking any decisions.

[irhact]

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 advantages and disadvantage of joining a community of if traders, I believe the disadvantage are more dangerous than the advantages. The advantages has to do with you guys sharing ideals and helping each other out but whenever people are gathered in a community, there's always distraction and other negativity that plays out.

When distraction affect you, I'll be hard to ignore that distraction and in this situation you'll be seeing more of the distraction as you keep hanging out with the same traders. You can also easily encounter jealousy while been in the community which will lead to people trying to sabotage your trade, etc.

[rojan]

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?

A new trader can definitely join the community. But if that community group is managed by a good experienced person then I would say definitely a new trader can learn something good by joining that community. It is only by joining the community that he will learn something wrong, but not necessarily that he will learn something good from the community. Besides, by watching some videos on YouTube, you can get some ideas from there, thus a new trader can become experienced with ideas.

A new trader can become experienced by following different directions. If he starts trading with the advice of experienced people, he will risk losing some money in the first stage.  And watching videos from YouTube gives a good idea. Once he becomes an experienced trader, he will have no chance of losing money.  Because he will be experienced about trade. There will be little risk in new situation. It is better to start business with small money first.

[Unbunplease]

The problem with the trade community is multiple opinions on the same problem. Someone says - now there will be growth, and cites his arguments, who says - no, now there will be a fall. Of course, one of them ends up being right - but who? As a result, the beginner will falter, make mistakes and lose money. That is why it is better for a beginner to sit down to study strategies, and do it all by himself. This is my opinion.

[Botnake]

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?

Yes, I would want to encourage him for that. It will be an edge for him if he will be aware first on the real events happening in real trading scenario so that he will have the ideas on how he will create strategies on how to win his trades. Moreover, if he can develop his own strategies and skills out from the shared experiences from other traders, that will also his edge in the market.

[Wiwo]

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 to being a member of such a trading group? What is your advice to people?

There is a challenge in every sector of human life, trading is one of such sectors that requires team contributions, it may not be in form of direct involvement of team members in the trading affairs of others, but team involvement in trading can come in the form of expert advise and vocal engagement by sharing experience and giving guidance where necessary.

-And belonging to a trading community can help but doing so under few members can give the most satisfying outcome to a newbie's traders, unlike having a large community full of multiple opinions and choices that will end up confusing.

-so I can belong to a trading community but that is if members are not more than 4/7/members and anything out of this is a no-no for me.

[isaac_clarke22]

~

It's perfectly normal to be honest that you don't know what the terminologies are. It's like in any other field where you don't know what alien language are those people around you talking about. Even if you had read thousands to millions of books, I guarantee you that there would terminologies in trading that you would even forget and cannot even remember what it means, so to answer your question, it would help newbies to narrow down what they have to learn.

In my day trading days, there's only like 2-5 terms that I had remembered and it was enough to at least get me familiarized around Binance when I traded, meanwhile there are thousands of terminologies that applies to every single strategy out there.

It's not a disadvantage, but it might be overwhelming and might give you that "Impostor Syndrome" since all those people around you talk or write terms that you are not familiar with.

[virasisog]

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?

Yes, I would want to encourage him for that. It will be an edge for him if he will be aware first on the real events happening in real trading scenario so that he will have the ideas on how he will create strategies on how to win his trades. Moreover, if he can develop his own strategies and skills out from the shared experiences with other traders, that will also his an edge in the market.

If it will contribute to his growth as a beginner then yes, I will advise him to join a trading community as long as it's legit and trusted. Experienced traders share their knowledge and experiences through groups which can help newbies to feel motivated to learn and explore more. Along with that, I will also advise him to search for everything about the risks of trading and that there's no such thing as perfect trading for him to have the proper mindset so he won't misinterpret or feel overhyped by the success stories of other traders.

[rozak]

Yes, I would want to encourage him for that. It will be an edge for him if he will be aware first on the real events happening in real trading scenario so that he will have the ideas on how he will create strategies on how to win his trades. Moreover, if he can develop his own strategies and skills out from the shared experiences from other traders, that will also his edge in the market.

when the group in question is a discussion group to share trading strategies and experiences, it will be good for the development of novice traders. but if the group contains only trading signals, it will be bad. because precisely that makes traders continue to depend on the signals given. even if the signal does not have good accuracy. in the mindset of novice traders is short profits with their limited skills. so they rely on instant signals to try their luck.

[DainSLane]

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

I 'm Being part of a trading community or group can be beneficial in many ways. Here are some of the advantages:
Access to knowledge and expertise: Trading communities allow you to connect with other traders who have different levels of experince and knowledge. This can help you learn new strategies, share ideas, and gain insight into the market.Trading can be a stressful and emotional experience. Being part of a trading community can provide you with a support system to help you stay motivated and focused during tough times.

[jrrsparkles]

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?

I won't because the chances of misleading a new trader in a wrong way is possible when join a group and follow their tips because its known fact that most of the trading groups are nothing but pump and dump groups operated by whales or an individual for manipulating and trying to make money out of it. Whereas to get the knowledge we doesn't necessarily to join in a community we can learn since everything is available on internet.

[Distinctin]

Joining a trading group can be of advantage and disadvantage to those newbies that choose to join on their own. As for me, I find it hard to join a trading community not to talk of advising a newbie to join one. I can only advise someone to join what favors me more than what doesn't. Why I do that, is not to be blamed tomorrow on how he lost to trade or how someone managed to give him a wrong signal on how to trade.

Since I suffered a terrible loss following trading signals that a friend offered me, I try to keep away from trading in the cryptocurrency space.

That’s also the risk of joining a trading community when your intention is not to increase your knowledge in trading but to follow strategies from others, thinking what’s fit for them might also fit for you. You will only lose your trade as a beginner if you behave like that. However, if you only join because you want to learn more about trading and how it should be deal with, I guess that is an advantage for a beginner having exposed to what’s happening in a real trading scenario.

[milewilda]

Joining a trading group can be of advantage and disadvantage to those newbies that choose to join on their own. As for me, I find it hard to join a trading community not to talk of advising a newbie to join one. I can only advise someone to join what favors me more than what doesn't. Why I do that, is not to be blamed tomorrow on how he lost to trade or how someone managed to give him a wrong signal on how to trade.

Since I suffered a terrible loss following trading signals that a friend offered me, I try to keep away from trading in the cryptocurrency space.

That’s also the risk of joining a trading community when your intention is not to increase your knowledge in trading but to follow strategies from others, thinking what’s fit for them might also fit for you. You will only lose your trade as a beginner if you behave like that. However, if you only join because you want to learn more about trading and how it should be deal with, I guess that is an advantage for a beginner having exposed to what’s happening in a real trading scenario.

When you are just noob then you would really be having those main thoughts on which you would really be that easy to believe on what others analysis has ended up too on which you do make use of it and then later on
you had just experienced the other way around which we know that it isnt something that ideal on tending to follow someone.Its not bad to see up some good analysis which you could apply into yours but of course
you should really be that keen on doing that. Its up really depend on how someone would be able to adapt on things and wont easily get hooked up on being hyped and been shilled out.
Its up to yours whether joining group would be relevant or not.

[Ziskinberg]

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?

Perhaps, it was a good decision as these people within the group can somewhat give useful advice and tips which could really help us to grow and improve our strategies as well. I do look for a group in our place, but unfortunately, it was really hard to find especially when they are also anonymous which is why I just end up getting with my old friend. I'd never expect to work well but it looks like it works more than being in the group so I decide to stop looking for them anymore.
Many heads are better than one or two but being a congested group and with consist of different people, that is somewhat hard to keep them. I'd rather keep alone or just with my friend so we can talk clearly and effectively.

[Vaculin]

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 no harm if you advice a new trader to join a trading community as that will help him to learn more about trading strategies and skills, and to heighten his knowledge on trading. However, this will only harm a trader if he trade quickly thinking that he could also be profitable like other members in the community. Trading is not like that, you will only be profitable and successful in trading if you have achieved the required knowledge and skills, and that you can already be efficient in reading the market and making good analysis on it.

[Yamifoud]

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 no harm if you advice a new trader to join a trading community as that will help him to learn more about trading strategies and skills, and to heighten his knowledge on trading. However, this will only harm a trader if he trade quickly thinking that he could also be profitable like other members in the community. Trading is not like that, you will only be profitable and successful in trading if you have achieved the required knowledge and skills, and that you can already be efficient in reading the market and making good analysis on it.

A newbie must know their limitation when it comes to trading and must also know their needs before starting trading.
Because it was not enough to just collect ideas and hear their advice/tips about trading but also it need to study the market and apply those things. Honestly, there is no perfect teaching about trading and their tips are sometimes not suitable for the market conditions which is why we also have to practice not relying on them but rather studying the market behavior as well in order to fully understand how trading works.

[Cantsay]

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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.

[|MINER|]

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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.

I am agreeing with you in this point that there is nothing wrong with a new trader joining a trading community or trading group for good guidance and learning. But here I want to say something more that to become a professional trader, it is not enough to always rely on a few such communities or groups, you have to explore yourself and follow their guidelines as well as visit more communities, it is very important for learning.  Will be helpful.

[Muba20]

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?

I think they should join a trading community because it's going to affect their learning process, being in a community with others who are interested in the same thing as you can affect the speed of your learning and if they're the lazy type the community can also help boost and correct their lackadaisical attitude.

And they can also gain orientation from they, as a newbie who is just entering a new domain they need as much information as possible to be successful in that field of theirs and trading is no different, and also at some point in time they'll also need guidance I'm not talking about YouTube tutorial guidance I'm mean a real interactive guidance and they might be lucky enough to get that from a community.
The only thing I wouldn't advice is when they start copying and letting others make their trading decision for them, that's the only unacceptable thing that a newbie should avoid.

I am agreeing with you in this point that there is nothing wrong with a new trader joining a trading community or trading group for good guidance and learning. But here I want to say something more that to become a professional trader, it is not enough to always rely on a few such communities or groups, you have to explore yourself and follow their guidelines as well as visit more communities, it is very important for learning.  Will be helpful.

Obviously, one cannot choose a specific limit area for learning. If one wants to learn, he has to gain knowledge from different fields. Moreover, even if a new trader understands the language of the professionals, he will need to acquire more knowledge. Because to be successful in trading, I think he needs to acquire different types of knowledge.

[Crypto Library]

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.

Yes recently I have joined some such groups, and yes their suggestions and tips are serving me well.  Being associated with such communities and groups I think helps a lot to increase your knowledge about trading and get all the latest updates easily. So I think there should be more positive things here

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

I would call a major disadvantage when a member is dependent and tied to only one group or community. By doing this, instead of increasing his knowledge, he may be confined to one place. So my advice would be to trade with your own strategy and knowledge and join these communities or groups as an extra helping hand.