Even if you are an individual trader, the desire to interact with other traders arises. Whether it’s for exchanging opinions or sharing ideas to get additional inspiration with other forex traders.
Some novice traders particularly often arrive at a gathering place to gain knowledge directly from experienced traders. Additionally, they can get more evaluation that will be a useful guide to help improve the system. In short, building communication with fellow traders can improve your trading performance.
Unfortunately, not all traders like sharing trading ideas. Some may feel a lack of confidence or even do not have time.
However, for those of you who are still in doubt and want to try to share your trading ideas, you should try the following things:
Don’t Share All Your Ideas
There is nothing wrong with publishing forex trading ideas. If your ideas are useful, you can help other traders who need direction and inspiration before entering the market. However, do not share every detail of your trading.
They will just copy-paste your ideas without doing any research. If your ideas do not work on them, you will be the one who is blamed.
Don’t show-off
Remember, one of the benefits of sharing forex trading ideas is to increase self-confidence. Thus, you should be selective in choosing trading ideas to be published. Use the trader sharing tool as an indicator of your belief in an idea, not the other way around.
The principle that works here is if you’re confident enough to share it, you’re confident enough to trade it. If you are confident to publish a forex trading idea in front of friends of traders, you also believe in its potential to be used in trading. If your idea attracts the attention and praise of other traders, don’t be quick to be complacent. You have to remember that you want to learn together, not showing-off your ability.
Besides sharing trading ideas, you can also make a positive contribution by providing tips, opinions, and constructive criticism of other traders’ ideas.
Don’t Just Follow Other Traders
If you are still a beginner and need guidance, don’t look for it in the trader forum, but look for proven and experienced mentors. Online communities and forums are a gathering place for all traders with a variety of ideas. So, what they share is not just copied.
They will not be held responsible if you experience a large loss. Besides that, you won’t know what needs to be corrected from previous mistakes, because you don’t understand all the rules behind the system that you copied from other traders.
It is best to Perceading Information Wisely Yes, taking information from the traders’ community should be done to get additional input. If you are an individual trader, then the trading plan should be prepared by yourself according to your trading conditions and style.
Even if there are important tips that you think can be useful to apply, learn the potential first, then test it first in a demo account.
As an individual trader, you are responsible for all trading results that are carried out by yourself. So it’s best to do various anticipatory steps to minimize the risk of loss. However, not all forex trading ideas can work well for all traders.
Don’t Hesitate to Ask
Do you feel frustrated because of facing a problem that has never been solved? According to Inside Out Trading, hesitation is one of the most aggravating problems to have as a trader because it’s right in your face, yet you can’t seem to make it stop or go away.
Thus, don’t hesitate to ask other traders who have more experience. There is various information that is available on the internet. However, some special problems sometimes require direct examination from experienced traders.
In conclusion, sharing trading ideas is one way of learning forex trading that allows you to actively interact with fellow traders. Sharing is caring, right?
