Many times it happens to me that i wanted to enter or close a trade but some one else give me an opinion and it influence my trade. Does it happen with you too?
Many times it happens to me that i wanted to enter or close a trade but some one else give me an opinion and it influence my trade. Does it happen with you too?
Whenever I trade i do it on the basis of my analysis and study and never get influenced by other traders or change my opinion on signals provided by others.I do analyze and consider them but stick to my study.
Yes it happened to me few times and i got both mixed results from such influence.
since we are not sure about the analysis we have done, then such cases our mind searches for the reinforcement and in such act we get influenced by some other traders and loose the money.
i think that not a better way to trade, others opinion may be counted while we do the analysis but regarding opening the positions it should be our own decision. we cant let other to decide what we do and its not only having low confidence in self but will hamper the development or improvement of youe own trading skills too
i only trade with my own decision and my own analysis. but i like to look some of the strong support and resistance,monthly movement,and analysis made by forex experts only in the beginning of the week or after big event. then i recalculate my strategy and entry point.
No, now mt trades and strategies are not get influenced by others opinions be4cause in my early days of trading I was changing my trades and strategies just on the opinions of my friends and I have got much loss. But now I listen to all and do what ever comes from my own mind.
It is really good for your trading carrieer if you are stick to your pre-planned strategy. Though i do hear my friends and whatever they advise i consider the reasons given if reasons are solid in my view than only i let my strategy affected by their advises because some time they may know something that i do not know, right.
Yes why not. Learning from other people`s mistakes and opinions have always made me successfull, I would recommend everyone to do the same.
consideration of the other party is also important for example there are several parties who provide fundamental analysis and some of the party providing forecast price movements,
making it easier and helpful from the notices, rather than having to think independently
My current strategy is baised on my own throughts and technique. but i shape it with others theory by market conditions.
The amount of profits depend on the right entry level.Even if the study s right and the entry level is not right it might lead to losses as well.So entry and exit levels both are important for a trader.
Whenever I trade i do it on the basis of my analysis and study and never get influenced by other traders or change my opinion on signals provided by others.I do analyze and consider them but stick to my study.
Yes it happens many times. Thats why i just concerns with experts only . That helps me to
improve my strategy and saved many times from big losses.
Its always better to share your strategy , but only with experts / more experienced than you.
Of course I consult the opinion of other forex trading expert analyst. I always make sure I compare their analysis with mine and also I use their fundamental analysis to fine tune my strategy for the day.
Yes that is right mate as you do not know that a signal from a friend or fellow trader is good enough to trade on or not.You can compare the signal with your analysis and then it will give you a much better idea bout the trade.
The right trade is to enter the markets at right levels and if you enter the markets at other traders opinion then it is wrong as both entry and exit levels should be based on your study and analysis.
The amount of profits depend on the right entry level.Even if the study s right and the entry level is not right it might lead to losses as well.So entry and exit levels both are important for a trader.
Not at all, main trading main kisi ky mashwary per kabhi bhi amal nhi karta or nahi kisi ki koi strategy use karta hoon or nahi EA robots sy helplyta hon main apny technical analysis sy kam lyta hon or market signals or news sy help lyta haoon.
it is actually a trader must be confident of the analysis be done by each trader's own but if you get the analysis of others should be used as comparisons to strengthen our analysis in order to become good decision to do the OP.
Yes i too feel it would be wise to get the advice of top trades and analysis but also apply your own analysis and brain and if it suits you and you too after your calculation and analysis think same trade as per those advises but always counter check such advices for safety.
yeah. bohat jiyada. as akailay to mjh say trading hoti hi nhi ha. ma jab bhi alone trading kerti hon los hota hai. humesha ksi say mashwara leti hon. phir samajh ata hai. as start ma mjh say sl and tp nhi lagtay thay. chart kuch nhi samjh atay then main kisi sa pooch leti hon and smjh leti hon.
It's not wrong to get more consideration from other's analysis and other opinion but you shouldn't be influenced directly with other's opinion.
If there is difference between your analysis and other, then you must take a look on condition in the market and make one more analysis to
make sure which one that you want to follow.
Yes a lot. aesa kafi baar hua hay, kabhi to iss ka faida hota hay or kabhi loss. farz karain kay agar may nay koi position open ker rakhi hay or kisi or ki taraf say ye signal milta hay kay market reverse honay lagi hay to may phir apni trade close ker dayta hoon, kabhi to iss may bachat ho jaati hay or kabhi nae hoti.
achay trader say tips layna to theek hay, laykin agar app her kisi say tips laingay to phir confuse bhi bohot ziada ho jaeengay. agar aap achi trading jari rakhna chahtay hain to phir ye karain kay kuch achay traders say tips lain or practice karain bas.
kabhi kabhi yesa hota han aur loss hota hain jyada tar.. profit bahut kam hua hain.. issiliye main abhi sirf chek karta hun lekin apply nahi karta,.. main unka opinion ke sath apna analysis compare karta hun.. agar dono ek hain.. to fully apply .. karta hun.. aur agar differ hain to wait karna pasand karta hun.. aur apni trades ko fir se parakh leta hun taki kabhi koi prohblem naa.hoo..
Usually I make my own analysis and then read the daily newsletters (I get them from instaforec, Bacn de binary and etoro) to see if they are near my strategy. If they are I feel reassured in my trading and if they are not I will rethink if my analysis was right.
But I never trade just on the basis of signals/analysis I receive from others. I have to understan why I am entering a certain trade at a certain point or I will not trade, because even if I win that way I will not learn anything.
My strategies are influenced by the other successful persons strategies. I make small improvements and fine tuning with the learning from other traders strategies. since there is lot of things needed to be learned and improved to become a successful trader.
yeah my trade also influence by other opinion, as I am not confident with any of the trade that I think, so I search for the signals, and when I found that this signal is good that I OPEN THE POSITION, OTHERWISE NOT.
Yes, sometimes my strategy is affected with another trader's opinion especially if I read from someone who is more
senior than me. But it's good lesson for me because it's not always if my strategy is always wrong, sometimes I could
be better in analysis than other.
No, never I believe on my self and trading with my own views and analysis but some time when others opinion are according with my analysis then I prefer and compare and chose the better opinion which is helpful for my trading.
I always make a trading plan before making a trade, so I try to always trade with reference to the plans that I have made. therefore the input or opinions of others will not greatly affect the decisions that I would do
Yes,this situation has happened to me several times.When I am going to buy a currency pair,while I find some other traders suggest sell that currency pair.But I have the answer to this question now.Because every tarder has his own trading system.You just need to follow your trading signals.That will be OK there.