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

[biyen]

At the irst month starting, I am using and try lots of other suggestion and analysis to start my possition, but after that I do my trade usually using my own analysis, especially for teknical analysis using some indicators. But especially for fundamental, I am using information from news sites like forexfactory

[dharampal]

i always take advise from my master who teaching me forex trading.i always take many type of advice and suggestion before putting order and he is always help to become a good trader.one day i become a good trader.my master is good forex trader.so i always take advise from other.

[yogesh]

Someday when we regret not stoping when we had the chance .greed is a curse and unfortunately i think we are all greedy you wanna know why because we are humans ,Trading without proper knowledge and analysis is like wasting your trading funds and throwing away your money and is similar to gambling

Or course this is usually due to greed to make easy profit without taking stress or efforts and for that we borrow the advices and put our hard earned money on risk without even bothering to cross check those advises - though we realise later that was mistake we made.

[ForexMarket]

I have never traded forex market on advices that other traders support, i want to trade forex market by myself. I have a good strategy that i create on my demo account, i follow it to trade forex market and make profit.

[executor]

Some people seek for others analsyis and tips always to enter a trade and many others do their own analysis. I think we should not always rely on others. What about you do you just trade on tips from others?

Yes, it's no good if it continues to rely on the analysis of others. Certainly so busy, when every trading you need advice from people. Then you'll never be independent, because everything you expect from others.

[mary7]

I trade with my own trading ideas and I understand them all and make sure that I understand the whole trading processand make sure that I know wthat am doing. forex is the best in the world and understanding what you are doing is what you have, just having good trades and managing them and knowing when to enter and when to leave is the best way.

[dodicandra]

Basically for me personally never rely on the analysis of others, because I think it's much better to perform your own analysis, although not quite up to, but I will not spend another analysis, I think about the analysis of others tetao but only as a complement to my analysis in order to get more leverage.

no one can guess where the market moves even 30 seconds into the future. the task of analyzing the actual trader and accept the consequences of the analysis. regardless of whether the results of the analysis and the OP it makes profit or loss.

[incredibleindia]

I do not think it is a breach to trade on borrowed advise or the analysis of other traders especially when we are unable to make our own analysis for reasons related to the market being hard to predict or suchlike.

[sdpsanjeewa]

I think as a far as my knowledge about this extremely risky business its not good having some others advises for trade..You have to build up your own successful trading style by studding the market as much as you can ..

[tw2012]

For now i am still a newbie trader so i always ask the other peoples for tips or analysis because i still have many things that i am confused in forex. I also will do some analysis first before taking any tips from other peoples because this can improve my skills and strategy in forex.