initial stage is the main stage

[KristanXX]

I find that copy trading or social trading will not do any good to new traders. I mean, they can use some trading tips but it would be very important for them to understand why has somebody suggested specific position. In this manner they will be able to learn something new

 

[RainbowRain]

Copying on Forex will not teach you anything. You will never know what strategy the trader is trading and what rules he uses for trading. That is, you can just mindlessly copy other people's actions and just hope for success. A true trader, in my opinion, should learn to trade himself, studying technical and fundamental analysis and not depend on anyone in his earnings.

 

[Aaron_0]

The initial stage is the main stage which can lead a new baby towards a profitable trading journey if he can try to acquire trading knowledge at first. It can be understood that each forex trader is singular and obviously what an expert trader will want from trading will not be identical with the other’s wants. Thereby a beginner should not randomly copy the pro traders’ styles; rather he can examine their behaviors first.

The initial stage of trading is crucial for a beginner’s success. Instead of copying expert traders, beginners should focus on gaining solid knowledge and understanding different strategies. Observing professional traders' behaviors can offer valuable insights, but it's important to develop a personal approach suited to individual goals and risk tolerance.

 

[Elijah_0]

The initial stage of trading is crucial for success. Beginners should focus on acquiring knowledge rather than copying expert traders blindly. Each trader has unique goals and strategies, so it's essential to observe and understand expert behaviors before developing a personal trading style that suits individual needs and objectives.

 

[sunar14]

I fully agree that a lot of new traders see Forex as some sort of exciting game and follow subconsciously this approach through learning process on demo account. However, trading on demo is a little bit different then trading on live account and then problem becomes evident

What differences do you think are the most important to keep in mind? Different psychological pressure, capital or execution?