Never try to assume

[Ethan]

In forex trading, avoid assumptions. Base decisions on analysis and evidence. Assumptions can lead to unfounded risks. A disciplined approach, grounded in data and strategy, is crucial for successful trading.

 

[Aaron_0]

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.

Avoid assuming what others are doing in trading, as it can lead to unhealthy competition and unrealistic expectations. Focus on your own skills and strengths, setting achievable goals. By trading according to your abilities, you can manage risks effectively and potentially achieve a good return on investment over time.

 

[Ethan]

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.

Copying successful traders can be beneficial, especially with the rise of social trading. However, it's crucial to thoroughly analyze their profiles, including drawdowns and profit history, before following their trades. Traders with high profit ratios but no stop-loss strategies should be approached with caution, as they may pose significant risks.