Trading Signals vs Own Analysis

[Xampeuu]

I will recommend always going for the trading at your own analysis and this is just because just for self-confidence and experience because when we follow signals we take trades blindly and this is not how you can get experience. always remember experience is the most precious thing in any field and it costs a lot. If you even have to bear a particular amount of loss still you should prefer self-analysis. It gives you the experience under different circumstances and when you get pro you can achieve more efficient results as compared to the signal-following Person.

Self confidence is a risky subject though, because if you should not have it, then having it means it's a risk. So, do not follow others blindly and make stupid trades just because others told you, that part is true. However, do not trade with your own analysis if you do not know how to do that neither.

Some people do their own analysis without any prior education on the subject and they end up with a lot of money lost, that's a bad deal and should not be done, and I would highly suggest others not to do that. First learn how to trade and then you could make your own analysis and you could make a profit, that will be a lot better for you in the long run. That way, not only you will have self-confidence, but you will also have one that is deservedly there.

the discovery of trading styles by own analysis requires a long process, and is always done by experiment. maybe when you do the experiment you will experience loss, but that is the knowledge you are looking for in order to gain confidence in a structured way, not just relying on self-confidence but full of calculations so that you stay on a safe trading path according to the portfolio that has been planned. most people actually experience over-confidence because they have been able to make a profit in one or two trades, and the rest they are very confident, which is precisely this kind of trait that will bring disaster in the future

[1715510249]

1715510249

[1715510249]

1715510249

[EarnOnVictor]

many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.

Investing is also not such a simple task as it might seem at first glance, it seems that there is nothing complicated, just buy and hold, but this is precisely the great difficulty, when to buy and when to sell.

Trading is just as hard and requires a lot of knowledge and time, much more time than investing if we are talking about day trading. But there is also medium-term and long-term trading, which is perhaps not much different from investing. But you need to trade only based on your knowledge, if we try to trade on someone else's signals, then this will not bring you much benefit, because you will not be able to develop your skills.

Both investment and trading are good, but I'll always tell people to go for what they have the psychology and risk appetite for. Trading is tougher than investing, but still, when the two are carelessly handled, they could be catastrophic. Nonetheless, handling your trading yourself is the best and the person that gives it all it takes to learn and fully understand the two might earn easily from them, but such must be ready to learn beyond knowing merely knowing trading strategies.

My understanding of the failure in trading and investment is not for the lack of good strategy but for the lack of the proper management, right mental state for trading and plan.

[milewilda]

many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.

Investing is also not such a simple task as it might seem at first glance, it seems that there is nothing complicated, just buy and hold, but this is precisely the great difficulty, when to buy and when to sell.

Trading is just as hard and requires a lot of knowledge and time, much more time than investing if we are talking about day trading. But there is also medium-term and long-term trading, which is perhaps not much different from investing. But you need to trade only based on your knowledge, if we try to trade on someone else's signals, then this will not bring you much benefit, because you will not be able to develop your skills.

Both investment and trading are good, but I'll always tell people to go for what they have the psychology and risk appetite for. Trading is tougher than investing, but still, when the two are carelessly handled, they could be catastrophic. Nonetheless, handling your trading yourself is the best and the person that gives it all it takes to learn and fully understand the two might earn easily from them, but such must be ready to learn beyond knowing merely knowing trading strategies.

My understanding of the failure in trading and investment is not for the lack of good strategy but for the lack of the proper management, right mental state for trading and plan.

In the end of the day, it would really be still depending or varying on your own preference because not all would really be having on the same interest and same choices whenever they do encounter some things in life.
If you do tend to engage with trading then of course you would really be needing to choose up or would discover on your own when it comes to strategies and ways for you to make trades.
Some people do love on the most easiest way or convenient on which they would rather be waiting for someones trading signals and would be applying those things and be using it up on their own trades,
without even trying to realize that its never been that worth on doing so, considering that market is speculative and it doesnt really have no sense when you do follow up someone just
because you do like. Well, its your money then its your rules on how you would really be gonna handling it, but talking about realistically and wisely on which it would be better
to depend on your own.

[MIner1448]

You seem to be drawing the right conclusions from your experience in trading. In fact, no one can guarantee 100% accuracy of signals, so traders should be prepared for potential losses and risks. However, if you can achieve an 80%-90% success rate on your trades, this can be very profitable for you.
It is also important to understand that every trader has their own style and strategy. Some may prefer to use signal groups, while others may spend time analyzing charts and looking for opportunities to enter trades. It depends on your personal preferences and trading experience.
In any case, for successful trading it is important to have a good understanding of the market and your strategy, as well as be able to manage risks. I wish you good luck in your trading!