Can I be successful Forex trader just following someone else advice/tips?

[ishvara]

Just need to know your opinion about the point that is it possible to become successful trader follwoing soneone else's advices/tips and not anlaysing by yourself?

You can find a forex experts that can give you accurate signals, maybe for free or paid. But they will not be there for you forever. It is best that a forex trader tries to become forex experts on their own.

[ernestina]

it is not a problem to follow the tips of other expert trader. In fact it will help very much the trader if he can follow them as he is trading because he can compare with his own. When the both analysis are the same, he will know how expert trader arrive at his analysis and entry price and more learning will come.

[abdul hamid p]

follow the expert is also good i think. but by follow an expert does not mean you do not need learn anymore. you must still learn because trade by follow an expert not forever

[wahabplus]

No you can never be a successful trader even only trader by following other's advises / tips. Because if you practice like this then you will never become an experienced trader even after 10-years of trading.

Every person who want to be a successful trader should learn forex trading business and practice in demo account what they have learned before entering into real trade.

[rahimlakhany]

rahimlakhany, we are all entitled to our opinions and as you have said, we should learn from a demo account. My own argument is that while we are making our learning we can trade live in a small account and use tips and signals. If these signals are favourable, then we will be earning a little alongside while we are still practicing on a demo account.

Han yar theek bolre ho hum live account bhe chala sakte hain sath mai that way we will learn and will also make a decent money very good advice really.

[sasa0220]

i think it is possible. if you can follow a experience trader and his signals it is possible to make some profits. further if you can follow two or more people i think it will give you a better chance of success as each trader follow different approaches

[nobby]

I really disagree with enter even if you dont have the experience still its far better to go with demo and learn it and than only do trading otherwise you will in a habit of following and copying others and you will never be able to do anything yourself.

rahimlakhany, we are all entitled to our opinions and as you have said, we should learn from a demo account. My own argument is that while we are making our learning we can trade live in a small account and use tips and signals. If these signals are favourable, then we will be earning a little alongside while we are still practicing on a demo account.

[rahimlakhany]

I really disagree with enter even if you dont have the experience still its far better to go with demo and learn it and than only do trading otherwise you will in a habit of following and copying others and you will never be able to do anything yourself.

[rahimlakhany]

Ek movie ki line yaad agai what a movie - 3 idiots a perfect dialog - Bacha Success ke peeche mat bhago, kabil bano, success tao jhak marke ayegi!!!!! - ya line perfect bethti ha is topic pay we should hard work and we will get the prize.

[rahimlakhany]

Mujhe yar ek baat yaad agai topic dekh k my mother/ma hamesha kehti ha jo banda dosro k sar pay beth k chale woh banda kabhi zindagi mai kamiyab nahi hota you should always work hard to get to the success even by following someone's advice you might do well in the start but end result will be loss.