Do you trade on borrowed advises or on your own analysis?

You are right, we must be deliberate in our way that only we love and there is no problem we can with the help of some important strategies , but only before the experiment on a real account must be tested on a demo account first So we include 100% but I prefer to work in my own way so I know what my trading news

No,I do not trade by borrowed analysis of others and also try to doing the trade of my own strategy and continuing my learning session yet now.Because I also want to be a professional Forex trader for the future and doing the hard work for this.

I am nenew in this market. I am learn the Forex knowledge. But I an read the other a alysis and try to under stand the points. Then I am compare with own analysis. So that I am under stand the market trend. I am work the market with the proper plan. I am successful trader in this market and earn the profit.

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Originally Posted by atif58

In the start i did this it also gave some profit but mostly it give me tension and anxiety. So got the lesson Never Ever Follow others signals and advices. Your own analysis give you more confidence and reliability. That is reality.

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I also think if trader follow their own trading plan and analysis that give them good confident if that work properly. Every trader should need to practice on demo account that help trader doing good in real market. So when trader make themselves they can become successful.

koshihs ye kerna chahye ke is buisness mi hamesha apna zati analysis ho ke jis se trading mi asani peda hoti ha apni analysis agar sahee na bhi ho tu is se itna experience hasil hota ha ke next trading mi profit zaroor hasil hota ha time ke sath sath analysis mi betterness peda hota ha .

I also agree with you must rely on our experience and not rely on others, but it is possible to rely on others for certain things about Forex currency , such as some news in the world and other such things

Good forex trader have good trading plans and approach towards the market, and it will be what will help the trader grow the more. A good risk to reward you stated here is a very good approach of handling good business.

I suggest that do not trade with borrowed money, it would be better if you use the money themselves, we know that forex trading is a high- risk business, it is very easy to fail and lose money in this business, and have a lot of traders who are poor because this business , we'll have a good psychology to trade if using his own money.

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Originally Posted by metic1

I suggest that do not trade with borrowed money, it would be better if you use the money themselves, we know that forex trading is a high- risk business, it is very easy to fail and lose money in this business, and have a lot of traders who are poor because this business , we'll have a good psychology to trade if using his own money.

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A friend of mine once took a loan from bank to invest in Forex market and just after a month he lost his all loan money and now he is still paying the loan back to the bank in installments. Moral, always risk your own money in Forex market any never dare to borrow from someone or take a loan with huge interests.

expert traders but before putting that in trade i prefer to do my own analysis and when both points to same direction it gives me more confidence of winning trade, also we should not solely depend on others anlaysis onl its better to follow our own analysis. Besides, there are no guarantee that other persons advice would work. But its okay to just listen so....