I have heard of people trading Forex in group but I have not tried this method before, but I am quite sure that it's a very reasonable and a profitable venture sometimes because there are lot of strategies to contribute to the table.
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Group trading can be so good because you will discuss some insight with you fellow minded traders but I personally I don't like group trading for reasons best known to meTrading forex in a group is a common practice among some traders. It involves a group of individuals who come together to share trading ideas, strategies, and insights to collectively improve their trading performance.
It's going to be easy and make you learn so many things ahead,group trading is very good but I dont just like it for no reasonWorking with more people may make it a tad bit easier on your wallets and all that. But mistakes can still be made still even with a group working together. I think you have more of a chance to succeed if you're in a group versus alone, but alone you get all of it to yourself and you don't have to share.
Same with me I have also tried it but it's didn't work for me because I was getting nagetive suggestions which blown off one of our account so I never trade forex in a group again I do everything now individualI've tried it, but it wasn't a successful experience. Having stronger traders in your team who can provide advice or tips is essential. Personally, I didn't enjoy it much. I found better results when I traded alone, especially when using good analytics.
Actually I came across this method recently from someone I registered with who was supposed to teach me but instead opted to using my cash to buy a prop firm then later started giving me all manner of excuses and why she couldn't meet up with the agreement and all. I don't support group trading and a particular account I don't mind him as a group we drop our own signals based on our own analysis but will literally be trading together on one account I am not okay with that.Hmm... I have not also come across this method before because forex platform requires one man thinking in order to win trade. If you include group thinking, there will be negative outcome because human beings have different opinions and perspective for a particular thing. It can lead to confusion.
It is good as a newbie that intends to invest on Forex trading to start by following dedicated groups. However, care must be taken while following such groups. You can try the winning rate of the group by using it on demo account instead of live account.I have heard of people trading Forex in group but I have not tried this method before, but I am quite sure that it's a very reasonable and a profitable venture sometimes because there are lot of strategies to contribute to the table.
Groups will help you understand things better and help you to learn various things and trading insight but after some time I will advise that you stop using the group rather learn how to do it your own self,forez trading need you to well experiment in the demo account before you proceed to live accountIt is good as a newbie that intends to invest on Forex trading to start by following dedicated groups. However, care must be taken while following such groups. You can try the winning rate of the group by using it on demo account instead of live account.
I have heard of people trading Forex in group but I have not tried this method before, but I am quite sure that it's a very reasonable and a profitable venture sometimes because there are lot of strategies to contribute to the table.
I've not traded forex in group. There's no benefit of trading forex in group which is why I haven't explored doing anything like this. Trading in a group, there will be some group members who wouldn't be contributing anything but will be there reaping the hard work of others.I have heard of people trading Forex in group but I have not tried this method before, but I am quite sure that it's a very reasonable and a profitable venture sometimes because there are lot of strategies to contribute to the table.