Never try to assume

[Anderson]

Never try to assume what others are doing. It makes us competitive and as a result we try to accomplish more than our capabilities. It entirely depends on your trading skills and many other things. Be realistic in your expectations. Do trading according to your strength. And yes if you are skilled you can make good return of investment.

 

[Svetlana Loboda]

No way, this is why in my live account I only follow my strategy! Even I don’t count others trading strategy or analysis!

 

[jenniferayanaa]

Ok, Thanks for sharing the informative information, Anything else.

 

[lioneld]

Of course; that’s story and depends on the traders trading quality! When you are trading with an ordinary trading skill; then the return will be ordinary for sure.

 

[helodear123]

Yes you are right and maybe the returns would be wiping out the entire account at once.

 

[Direbringer]

Sure, that's why we honestly have something like you know fundamentical and technical analysis things entirely. I do hope all will help us in our future trades completely and totally. Research more successfull examples of that matter.

 

[Suzzaine89]

Following other's blindly is going to bring no success in forex, that's for sure. Yes learning from others is okay, but simply copying them blindly is of no use.

 

[helodear123]

Even copying the successful traders is not an issue for there is a new trend social trading is prevailing where we can copy from the expert traders but still we have to check their profiles, drawdowns, profit history etc properly before copy their trades. Those traders which have good profit ratio but they never use stop loses should also be ignored i guess.

 

[lioneld]

really , i appreciate your message greatly, beginners have a chance to become knowledgeable by learning. may be this time will never come at all.

 

[Oscar Shumack]

Try to understand the market first.

 

[David Marco]

Make a good plan to make money from this market.

 

[Alexander Hudson]

Always try to follow the market to make money from this market.

 

[colincook]

Assumptions can give you some big shocks during trading. I believe that assuming that the market will go as per you without evaluating any facts and data is a big mistake that we generally make. So it’s better to analyze the market and previous trends instead of assuming it.

 

[fxgeek]

Assumption is a fool's imagination. Wise man always work on strategies and then makes trades upon carefully backtesting them on different time frames.

 

[Alicia Lynch]

I like to work on my strategy. It can satisfy me a lot.

 

[ZhoGorisar]

I quite agree with your words. Assuming other people always means that you can't do something that can make you stop assuming. Nevertheless, I believe that people should understand this truth. If you will always look at other people and their accomplishments, then it won't lead you to success. It will lead you to therapist actually. You should do everything you can in order to become successful. All of the people have their own issues with it. Some people claim that they can't sacrifice their money because money are worth keeping or something like. In my opinion, striving for the goal is the best thing.

 

[Kazumu Fukunaga]

It's a bad idea to open a trade just out of assumption. There should be technical/fundamental and psychological reasons behind opening and closing a trade.

 

[Eduardo Lucchese]

Assuming the market can be very dangerous for you.

 

[lynnsandoval]

Comparing your way of trading with others is a wrong step because we all approach the market differently. This habit is in-built and takes time to get rid off. You should always trust your own analysis because you’re accounting both for its losses and profits.

 

[Kazumu Fukunaga]

First mistake most traders do that they think trading doesn't require much knowledge and skills. Second mistake they do - they completely ignore psychological aspect of trading.