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

[summonerrk]

Trading is an activity where we manage money, and therefore we need to take it seriously, without emotions. Over the years, I have managed to gain a lot of experience and I will tell you this: Technical analysis works, but only partially. Do not trust technical charts built on a timeframe of less than a month. Be able to track support and resistance levels. Also build them on increasing timeframes, up to a year, or even the entire lifetime of the token.

[wiss19]

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?

You are right that it can be discouraging to have no one to talk to about things you do or like, and it is always to have a group of people that share the same views or similar ones and who can understand you and relate to what you say, but where do you find such groups these days? All I could find are those trading groups that are locked for the general public and only admins post signals and analysis and stuff and ask to join premium paid groups.

And, I wouldn't really recommend joining these kinds of groups as they do no good to you but all they do is make you join their paid groups so that they can earn some money. If they are really that much expert in trading they wouldn't need to charge people to give them a couple of signals per day.

[OpenCEX]

Benefits of being part of a trading community:

• Keeping biases in check
• Learning from the experience of others
• Sharing trade ideas
• Support in difficult times
• Maintaining interest
• More opportunities in the market

[jossiel]

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 was part of it and got inactive.

Two things that I've seen in these trading communities.

1. It's inevitable to see some sales pitches and plugs on that group especially if it's coming from the admin or moderator of that group. That's how they make money from it.

2. There are legitimate talks about trading and many discussions are just for free. But as someone who trades before, you can determine which ones are the shill and genuine talks.

I think I'm better without part of those active community trading, the forum is more than enough to look at those great traders sharing their experiences.

[Hamza2424]

One word Yes, But here are some of my bits of advice before I start explaining why someone needs to join Community / Group for trading.

• Do not join for signals
• Do not Fall into Greed with others' stats
• Think Before following

So joining a community can help in many ways, the primary reason for joining a community or group in trading should be to learn from experienced users. Communities and Groups can keep you updated with the market news & updates which is nearly impossible for a single person to watch out. Communities and Groups can guide your analysis and you can avoid future mistakes. These groups can work as the fuel for the motivation engine inside you which will force you to harder and more effectively. You can learn how to diversify your funds from there and much more but signals are dangerous in groups especially.

[Furious 7]

Actually, in this condition I have thoughts that are not much different from some people who have expressed their opinions.
If indeed they join only to find more information to add to their insights in trading that will indeed be very good. But the conditions for beginners are also actually a bit vulnerable because when they enter without knowing the basics of trading and really still don't understand the ins and outs there, it's obvious this is like giving them the assumption that when they are there they will be profitable. This is clearly wrong because indeed if they think like that then they will definitely get lost before even starting.

[lalabotax]

If there is a reputable trading group, it may not be a problem and will probably help the newbie to learn more about crypto trading. There must be some discussions and as long as the discussion is very informative without any fake info, I think it is still okay. But indeed, there must be many opinions, and ensure that your friend is not confused with them. Additionally, you must also tell your friend that trading is a high risk and not to trade immediately. learn at first by collecting more knowledge, experiences, and also opinions from the group. But, don't only follow what they do because sometimes the strategy will not apply better in yours.

[dothebeats]

Having hubs or groups on certain interests is really helpful IMO. Without them, you won't really get some insights in what you're doing and you can't really consult anyone whether what you're doing is right or you're missing some key details. I would encourage anyone who is new to trading to join a group that discusses their trades and just anything related to trading, and advice them to stay clear of groups that only discusses the next possible pump and what to buy as if the members are shoving their bags in each other's mouths. It's easy to find trading groups nowadays compared before where you won't be able to join unless someone vouches for you.

[Xampeuu]

for me the first thing to do to join the community group is that we have to make our own decisions, this means that we don't just follow the analysis posted by other members, and of course that analysis is used as a consideration for our personal analysis. that way we won't be confused when there will be many different analyzes from other group members. over time we can compare and correct each of our personal analysis, so that we can find our trading style

[Strongkored]

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?

Unfortunately it's hard to find a trading group whose content is sharing knowledge to improve the skills of traders, a lot of it only contains sharing about signals or sharing other things that end in fraud, that's why I prefer to leave a community group like that, but if it really exists and can help to improve our skills, why not? For novice traders it seems that it would be better to learn from tutorials on the internet and also learn many kinds of fraud so they don't fall for it when they enter trading groups.

[Sebas.tian]

Joining a community or group to learn crypto trading will really help a new traders to catch up with what other potential traders are doing in the community to maintain their incomes. There are so many things new traders can acquire from a community or group that will make them to understand all the strategies involved in crypto trading, and how to follow the steps till the right time to buy or sell is available. Since I joined bitcointalk.org , I have learned so many things that is helping me to know the type of coin to buy in a particular season that will bring income at the end of the investment.

[xSkylarx]

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?

Unfortunately it's hard to find a trading group whose content is sharing knowledge to improve the skills of traders, a lot of it only contains sharing about signals or sharing other things that end in fraud, that's why I prefer to leave a community group like that, but if it really exists and can help to improve our skills, why not? For novice traders it seems that it would be better to learn from tutorials on the internet and also learn many kinds of fraud so they don't fall for it when they enter trading groups.

There are few in social media but again there are tons of trolls also but here in our forum you can find threads that you can learn and exchange information about trading but i dont see a website that is a forum that is intended for crypto trading unlike in forex that I've seen reputable one and they are not giving signals, they are giving their strategy for others to analyze and improve more which i would say if you are newbie you cant relate at all.

[michellee]

I think we can join a trading community or group while in that place we can get more lessons about trading to help us improve our trading skills. Usually, we join a trading community or group because of a friend's invitation, which will make us more familiar with trading. In addition, we also share experiences.

The disadvantage is that some people may offer something that could interfere with the goals of the community or trading group. But that's okay if we don't get annoyed by their ads.

[tjtonmoy]

I don't think anyone can benefit from any community or groups. At least not in the long run. In short run, you may follow other or trade according to their data. You may get some profits, but when it comes to do it on your own, you are lacking the base material to do it. And they are human too. They can't give you 100% accurate prediction every time.
Nowadays, all I see is people creating community or groups in order to scam people. It's all just pump and dump scheme. Mostly happens in alts market. And joining any community or group makes you depend on other people rather than gaining knowledge on your own. I still believe that what you learn by yourself, you will never forget that in your life.
This is just my opinion. So I try to do it on my own.

[Inwestour]

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?

The question here is how to find such communities, or as I understand it, closed groups of traders. It is necessary for someone to invite you to such a group, or you found it yourself, I don’t think it’s easy to do.

But the idea is probably not a bad one, if I had the opportunity to visit such a group and look at the level and results of traders, then I could decide how useful this group is. But I also understand that successful traders do not need to share their experience and results, so I am still skeptical about this.

[Sterbens]

I think we can join a trading community or group while in that place we can get more lessons about trading to help us improve our trading skills. Usually, we join a trading community or group because of a friend's invitation, which will make us more familiar with trading. In addition, we also share experiences.

The disadvantage is that some people may offer something that could interfere with the goals of the community or trading group. But that's okay if we don't get annoyed by their ads.

Yes, it's better for beginners to join several groups with the aim of finding references and experience, besides that you will get new knowledge and insights in the group. But on the other hand you also have to be smart in choosing groups, sometimes they are only concerned with themselves and don't contribute to each other with their members, and there are not a few groups that only contain fraud.

Do you know how to find a trustworthy trading group or community? It's hard to tell the difference.

[Oceat]

It depends on what group of people you are in since some aren't there to teach you but instead they want to take your money when trading especially the so-called trading signal group. It's best you avoid them and find a reliable trader who does actually teach you how to trade.

But nowadays, I don't think you can find a legit one since a real trader are busy making profit in the market and if you happens to find one but they asked for payment then don't. It's better to do some research and learn your way up than waste your time on them since the information you needed is all free on the internet and majority of these so-called experts aren't actually teaching you how to make profit. They are all just good at talking but not really at making money in trading.

[_BlackStar]

I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.

After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.

[darewaller]

The problem is that when they still don't have any basis in trading, it looks like they are standing by to those who are already there and I have felt that before because they were there, the assumption was that we could get leaked signals for free without needing to think about analysis or anything, because already There is.
Indeed, to increase knowledge is a good thing, but we cannot be completely complacent with it because we also have to keep learning to be better so that the condition is not detrimental to ourselves in the end.

I think you are guilty because you are only depending on others. But why not tip those traders that give you a winning signal? That should ease the guiltiness that we feel and then we can also try learning on our own so that we can be independent later on. We can still be part of that community but this time we are the ones who will share our knowledge.

It was like we are bringing back the favor to them and it was a way of saying thanks for their help once we are still a newbie in the scene of trading. A community or a group is always great to have so that we will have a company with us. We can talk to the people with the same interest as us. It kills boredom or being alone, so it's always a must to have.

[TimeTeller]

I have a strange impression about trading community groups, such groups are just a show off of wealth rather than discussing strategies and trading plans. Thinking about things like this makes me tend to ignore trading groups or communities, of course this is never fun especially when you really expect a lot of knowledge to be shared.

After all, a trading community or group that is not well-moderated by the owner is just a bad alarm for emotional management failure. Someone may be influenced by other people's decisions and they have to accept losses because of wrong decisions.

Most of the time, you will read successful stories but they won't share their failures and reasons why such failures.
Maybe for the sake of getting insights, you can join them as long as it is free.
But if they will start asking for a fee, then, better get out. You can earn your skill or knowledge on your own.
You can actually discover a lot of tricks if you will do your own trading. Just start small and be patient with your journey.