Why partner trading is beneficial for the newbies traders?
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Thread: Why partner trading is beneficial for the newbies traders?

  1. #1
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    Exclamation Why partner trading is beneficial for the newbies traders?

    The main reason the partnership trading is beneficial for the newbies traders that the forex trading is the high risky business and being a newbies traders he have not enough knowledge of the trading and not have the good practice so that's why the need the partnership trading to manage the risk and also share the risk with others?

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    I do not think that this is a good idea for any forex traders, If you think that you can be partnering with traders, how will you know the expertise or the capability of the traders that you are doing this with? This is very challenging, it may not make you grow as a trader if the care is not taken by you, and if you rely on it..

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    I think any newbie or every trader is not willing to make partner in their trading. The reason who they need a partner is not caused due to forex is risky but could not take the risk alone. But if you need a partner then you should do so and look for expert or those who have obtained a consistent profit.

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    Trading partners is very useful for novice traders to provide assistance when trading forex. Most trading partners have experience trading so that they can provide useful advice to the novice trader. Most novice traders do not know what they should do when trading, because they just hope what they do in trading is good and can make a profit, so trading partners can later provide guidance to novice traders to be trading well.

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    I dont think that trading with partnership will be helpful to you.Because 5 traders mind and stragery are different. There will be always conflict among traders deciding whether to buy or sell. So i prefer to trade alone mainly interms of analysing Markets.

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    If you have a partner with good knowledge on how to trade the currency market wouldn't only be of benefit to a newbie also any trading expert when you have a pattern that way you can share ideas and have a wider view on price movements, and share fundamental views and analysis.

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    Trading along with partner is really beneficial. If we have a partner with a good knowledge on how to trade the currency market then it can also help us to overcome our deficiencies. But it is not always beneficial. Trading in a group may a create a lots of misunderstanding among partners as each and every partners had their own strategies and they will always believe that they were right. So in my understanding trading with with partners is beneficial and may also create lots of problems. So it is up to us....

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  8. #8
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    Forex is undoubtedly the best online business but it is at the same time a risky business which requires expertise, wise and well-thought decisions to be successful in this business. A new trader might not have all of these qualities in the beginning, so he or she must have an experienced trader as a partner.

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  9. #9
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    It is OK to trade in partnership as long as all the partners have a knowledge of risk involved in this business. However as long as we do not have a profitable strategy, it makes no difference whether we trade individually or in partnership.

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  10. #10
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    If you have a partner who have good knowledge and skill on how to trade the currency market wouldn't only be of benefit to a newbie to overcome his deficiencies. And also can also help any trading expert when you have a pattern that way you can share ideas and have a wider view on price movements, and share fundamental views and analysis.

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