Is sharing insights the key to better trading?

[R1dwanRz]

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

[samcrypto]

If there's a way to learn and earn at the same time, of course it's good one since it's free money after all.
The idea of sharing insights is fine, as long as you are talking to someone who can give you the right information and not just to tell you what to buy. There's a risk here if you will just follow their suggestions or insights, to avoid being trap into any project its advisable to do your own research as well and with this, you can learn faster.

[SamReomo]

A trader should first study the market as a trainee to understand ups and downs of the market, volatility of the market, pumps and dumps of the market, and he/she should gather as much information as possible by research about the coin/stock/currency he/she is going to trade.

Once someone's mind if fully alert and that trader understands the market fully then he/she should begin real time trading. Many people suggest demo trading at first but I'm highly against it, in demo trading we don't actually open positions with our own money and thus we are playing with virtual money only.

When we open positions with our own money then we get our emotions attached with those positions, and a demo trader will end up losing a lot when he opens positions with real money. After a fixed timeframe one learns a lot about a trading strategy if he/she gives proper time to trading. Once someone masters a strategy then that trader gets better and better overtime.

I simply suggest you to learn basic technical indicators at first and study charts at different timeframes. Try to observe the movements of the market. You should mainly focus on a single asset only, if you're into Bitcoin trading then focus on Bitcoin to USDT and nothing else. Read the charts while indicators are applied, you'll understand a lot about the asset and then you'll surely begin to execute some good trades.

[dimonstration]

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

Using insights of public opinion is the most ridiculous idea not because the opinion you will get is bad rather you will just confused on who to follow especially if all of them provide supporting details for their opinion while the suggestion is opposite to each other.

It’s better to analyze on your own without relying to others because this way you always follow what you really want based on the strategy you are using. All traders have different strategies and indicators which means there’s always a time that each once has different opinions that will make you confused. Binance and Bitget feed is home of spammers and scammers that just posting for the sake of publicity. I doubt that you can get quality suggestions on that space since pro traders don’t have time to chitchat online.

[cryptoaddictchie]

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

Whats BGB? Is this is some sort of subtle shill about it? Well I assume this isnt connected or related to your mentioned exxhanges. Trading is different from investment where you can earn on short period of time. Likewise most investment gets appreciated on the long term or if the price is extremely high already.

[the rise]

Indeed, insight will be good if you use the right analysis for trading, but if the person providing the insight looks professional, even if you use insight, don't use it 100%, still do your own research and when you are sure, you can take steps to set buy and cell set, your own research will give you knowledge and insight just for information

[Rruchi man]

Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.

There's a lot of advantage being a member of the community that's half people would discuss trading options, strategy and tips. It can help but it can also be confusing because of the many opinions that you can get from people when you ask a simple question or ask people to share their approach.

Having a few people who you exchange insight is necessary, It could be a mentor or a close friend even family who you are sure of their trading prowess. These people can help keep you going in times when you feel like quitting trading, or help point out mistakes and flaws in your strategy.

[Distinctin]

If there's a way to learn and earn at the same time, of course it's good one since it's free money after all.
The idea of sharing insights is fine, as long as you are talking to someone who can give you the right information and not just to tell you what to buy. There's a risk here if you will just follow their suggestions or insights, to avoid being trap into any project its advisable to do your own research as well and with this, you can learn faster.

Sharing insights is normal most particularly for experienced traders. But along with it, you also need to do your part by taking extensive research and studies so you will also grow on your own. Although sharing insights and experiences about trading is great since it can boost trading motivation for each other, but we have this saying in trading that trust no one but only yourself. Hence, you have to listen to other traders ideas and insights but make and follow your own analysis on the market. Know when to trade when you see visible profits and know when to delay trading.

[GreatArkansas]

For me yes because by that you will know new and learn something new.
It will help you to get more knowledge. Continous learning and skill enhancement also.

Another thing is networking and collaboration where you can able to build your connections with other traders as there are multiple people who can share their insights too and knowledge.

[rozak]

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

Whats BGB? Is this is some sort of subtle shill about it? Well I assume this isnt connected or related to your mentioned exxhanges. Trading is different from investment where you can earn on short period of time. Likewise most investment gets appreciated on the long term or if the price is extremely high already.

Maybe what the OP means by BGB is a token from the Bitget wallet. I don't know for sure whether Bitget provides free tokens to those who interact via Bitget Insights. but there seems to be someone sharing something like analysis or more on trading signals from fellow members.
again I don't know for sure if he got free tokens from his activity on the exchange or their wallet.

[MusaMohamed]

You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.

A trader needs to master Psychology of market cycles to succeed in cryptocurrency market. You can learn about fundamentals, technical analyses but if you don't master Psychology of market cycles, you will be beaten by news and fuds. Psychology is most important for investors and traders and people lose money because they react emotionally in this market.

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

You will be overwhelmed with news, insights and feed. They are all bad 'food' for you because you will be affected more by reading more news. Your thinking will be affected and be more uncertain that I am sure will impact your trading activities.

If you are a trader, read the chart, use technical indicators and stick with these. Remember to use Stop loss order or Stop limit order to avoid worst things.

[Sebas.tian]

If you can start learning before thinking of earning from the community, it will really change you positively in a way you will begin to see things you have never seen before in crypto trading, and it will position you to the right direction to always earn from the market. After sharing of insight, you need to research more personally to know which of the insight that will favour you in the future, because there are some traders that will not share their real tactics in public so that other traders will not have the same tactics with them. Both long term traders or short term traders they all need a good strategies to Carry out their operation to ensure they make it successful in the future which is the purpose of embracing potential strategies to trade your crypto.

[boyptc]

You are able to introduce that bitget thing everytime you discuss some topics. I'd applaud you for that because it doesn't seem that it is noticeable.

As for shared insights from the community, it does help an individual but also, it might cause a panic to someone who's just reading those insights.

[Julien_Olynpic]

For beginners (in any business, not just trading) there is always a good opportunity to learn and get motivation to study in the form of free money. But the main thing is knowledge that we can then apply in practice. You know that most trading knowledge is generally useless in practice. There are many myths and misinformation in trading. For example, many people believe in a master manipulator or that everyone in the market can make a profit. You need to check everything yourself. You'll likely find that very little of what you've learned works. On the other hand, even knowledge that turns out to be useless is important. After all, negative knowledge is also knowledge. And we also need to know the myths in trading, otherwise we will believe in all sorts of nonsense.

[kentrolla]

Let me keep it short and simple, Yes it's good to get something in return while learning and It's highly appreciated. Now lets talk about sharing insights or gaining insights as there are numerous channels through which you can get insights but you need to validate those insights before putting your money into that insight. Try learning from scratch like how to read charts and different kind of technical indicators as these will help you to know how trading works and then try checking the probability of win rates in the insights shared through different channels then you will be able to decide which one to pick but as long as you are good at understanding indicators you will be able to make big else it's just random info shared by anyone over internet by terming it as signals or insights.

[|MINER|]

If two things can be done at the same time, then it is good.  But I think you should learn trading first and then do e-trading.  Learning and doing trading at the same time seems to be a little difficult.  And if someone tells you when to invest and when to stop and you trade accordingly, I don't think you will learn anything on your own.  Not only is there market information, there is a lot to learn and a lot of risk to be aware of.  Still better if one can learn and do at the same time.

[bluebit25]

Yep, trading strategy plays a key role in accessing the market effectively. It provides structure and framework for making informed trading decisions. Although I am not a regular or professional trader, I have had some experiences and learned lessons such as building discipline as well as adding many skills in terms of knowledge in the field of trading. I find that the crypto space is highly volatile and easily manipulated from news, so it's like a double edged sword between opportunity/risk, always be ready for any situation that may arise regardless of the outcome bad.

I also feel that capital management when trading is always very important, like it is easy to lose emotions when losing, making risky choices and then if there is no more capital to continue, it is a failed result.

[Kelward]

It's said that two good heads are better than one, so it's good to belong to a community that shares the same passion and aims for the same goal, the members can share different strategies, see things from different perspectives, then in the end you'll have to make your own personal choice. Although it can be confusing if experienced mentors in the group sees a perticular strategy from different perspectives, but again it's left for the learners in the group to make research and let whatever strategy they apply in their trading to be their choice, because it's their money, and they'll personally bear the lose alone, if the trade goes against them.

[Maus0728]

It's not the key but insight sharing or knowledge sharing is almost always a good thing no matter what job or craft it is, no man's an island right and that means that we can only build ourselves if we ask for help and answer the calls of those asking for help, it's a healthy cycle of human progression to share what you learn about something and others would take note of it, I mean look at this Trading Discussion board, if sharing wasn't an effective thing to help you trade better, there's not going to be a lot of people that are talking about their experiences here and sharing tips on trading.

Now that we've got the positives out of the way, it's important to remember that despite the abundance of information, it's still worth noting that there are people out there that's up to no good, generally sad and wants to get some other kind of feeling that will throw off the balance of information disseminated to other people, they're the ones that albeit difficult to avoid, would be easily thwarted by people that genuinely wants to help spread the knowledge to everyone.

[Faisal2202]

I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?

I did not know we could earn BGB the native token of Bitget by engaging in the insights, I actually don't wonder in insights sections of exchanges, I think not everything shared there is validated, as many scammers and manipulators will try to share some news that is only meant to spread FUD and create FOMO among users. That's why I used to say we should Do Our Own Research (DOOR) even if we want to engage in such sections, we should not forget to DOOR.

Self Analysis is what makes you more confident and if you are confident then you are good to go in trading mentally as well because trading might break one's mental health if done in the wrong way, therefore knowledge is what every trader needs before starting it, and knowledge will build confident and confident will make mental health more strong and make you more bearable.

PS: How much BGB you make by engaging in the insights of Bitget exchange? Can you disclose, I want to make an idea of how much it worth spending time there.