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.