Who can really give a Financial advice?

[bitterguy28]

However, if someone close to you suggests something that you trust, you should definitely follow it. However, one thing is very important: if a friend is very close and has enough experience, then you should definitely follow the suggestions of those friends.

some of your friends may not want to be responsible for your own choices because if you end up losing money you might blame them so they may not want to give you all of what they know and you shouldn’t follow everything they say completely anyway

Nowadays, there are many suggestions from big celebrities on television and in magazines, and it is believed that if you follow them, you will definitely benefit.

i disagree heavily a lot of celebrities are paid to say whatever they are saying on television or on social media they are an image of what they want to portray so i don’t trust them

[enwi]

It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.

Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.

Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.

Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.

[EluguHcman]

I thought of fear, as some of the reasons for this unwelcome habits, or  may be because some experienced persons thinks that their finances advice may fail. what do you think?

It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.

Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.

You are right and those professionals are expected to had been practically grounded with certain experiences in the market which why have muchly been able to figure out the remedies to the uncertainty occurances to when things goes the sideways since looses can not be totally avoided on trades.

There are definitely persons who acclaims of possessing financial advisory aids that has not been engaged on it realistic experiences rather they have been acquiring their knowledges by reading books without having the time to practically venture into the market to be assured if what was read has the potential in accordance to what is seek for as one in need of financial advice.

[rizqillah]

It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.

Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.

Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.

the crypto market is indeed volatile and as traders we must remain calm and consistent with our plans.
It takes knowledge and experience to become a trader, because we must always practice making analysis and controlling emotions when we see market changes that do not match our predictions.

[MrSpasybo]

Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or  may be because some experienced persons thinks that their finances advice may fail. what do you think?

I think we can ask a different question: "Who can give suitable and responsible financial advice?".

Financial advice is not simply about buying BTC or selling ETH, it should include many components:
1. Analysis and assessment of the overall market.
2. Selection of crypto assets for the portfolio.
3. Pointing out opportunities and risks.
4. Determining TP or SL.
5. Guiding appropriate capital allocation.

Clearly, only experts can provide such thoughtful financial advice. Usually, people avoid giving financial advice, they even avoid sharing personal opinions or always disclaim legal responsibility. I think they don't want to waste time on others and avoid unnecessary trouble.

[Chilwell]

I think we can ask a different question: "Who can give suitable and responsible financial advice?".

Financial advice is not simply about buying BTC or selling ETH, it should include many components:
1. Analysis and assessment of the overall market.
2. Selection of crypto assets for the portfolio.
3. Pointing out opportunities and risks.
4. Determining TP or SL.
5. Guiding appropriate capital allocation.

Clearly, only experts can provide such thoughtful financial advice. Usually, people avoid giving financial advice, they even avoid sharing personal opinions or always disclaim legal responsibility. I think they don't want to waste time on others and avoid unnecessary trouble.

You've really made a great point. Everyone can give a financial advice. Advice can be categories into two, we have positive advice and we also have negative advice. Positive advise is about giving reasonable, helpful, beneficial, responsible, recommendable and suitable financial advice, that will contribute greatly to your achievement, and will bring about positive opportunities and changes. While negative advice is about giving unreasonable, harmful and  unthinkable financial advices that may cause loses to the trader or investor and so on. So the question should be "who can give good, positive, suitable and reasonable financial advice" just as you suggested.

[migueRt]

Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. The same applies to gaming and betting platforms like here [nofollow] , where market dynamics, odds, and promotions can change rapidly. Those who adapt and strategize accordingly tend to maximize their opportunities, while others may struggle with unexpected outcomes Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.

  It's not just who gives advice, but the quality of that advice.

[Crwth]

I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.

[enwi]

I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.

Using different information obtained when turning to experts, one can grab a ray of light, although the result is still made independently. Not all of the strategies that exist in the world are applicable for every person and therefore, it is always possible for one to go and investigate on the certain steps to be taken. That way, it is easier to maintain a clear vision of all the threats out there and can be ready for any outcomes, instead of following somebody’s advice. The investment and anything else should be made considered after serious research and understanding of the outcome based on previous experiences. Risk management is also a part of the process that should not be ruled out as it is also a way of preventing impulsive decision-making. Therefore, adopting a rational thought process and not to jump into conclusions will provide enough actual information to be sure on which steps are best implemented for the existing conditions.

[bisdak40]

Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or  may be because some experienced persons thinks that their finances advice may fail. what do you think?

I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe because some of the speakers are not qualified professionals when it come to this matter, i mean there are people who are qualified to give financial advise, i searched to the internet and one of them are "Certified Public Accountants".

But in contrast, those people who are qualified to give financial advises won't give any (maybe i'm wrong) in public as in social medias for free.

[Celph]

It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.

Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.

Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.

Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.

    I think combining these relatives of attititude and consistency for the determination of traders in the merchant world might not necessarily be met up go complete standards for success in the crypto world.I’m not mentioning though but risks taking which is the most popular factor investors act based on their investment influences everything.And this doesn’t even determine whether or not your success in the crypto world is certain.
     Point i’m trying to draw out is that after investing,and even making decisions that you think or have the intuition that its okay and ready to be accomplished, LUCK drives it all. Now this may seem funny judging from the perspective of various merchants bit i think this factor majourly influences it all.Warren buffet would say, after making an investment decision that the chances of it gaining success is 98, and the chances of it creating a loss is 2% , this same 2% could change the outcome so heavily.
   I know many investors and traders might not go in lone with this but that’s what i strongly believe in.

[bayu7adi]

I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe

Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...

Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...

[milewilda]

I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.

Everything will really be that according to you on which you are the ones will really be making out such decision in the end.They can really be that turned out to be a guide but doesnt mean that they are the ones who would really be the basis of your final decision. It will really be that still up to you whether you are following them or you would be just adding up some analysis or ideas on which will be that put up into your analysis too which it isnt a bad approach either. If you are really that a complete newbie then it wont really be that a bad idea to base up on what are those real time experiences from other people but just like been said that this isnt totally your basis and you do still look up on your own.

[ajiz138]

I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe

Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...

Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...

Yes this is a common thing I see, when their predictions come true, they usually will keep discussing it and even if they are active people on social media like X, then they will pin their posts about their predictions that gave them the advantage.

But when they are wrong, yes they will defend themselves as usual and maybe they will not even discuss it anymore.

[JISAN]

I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe

Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...

Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...

Yes this is a common thing I see, when their predictions come true, they usually will keep discussing it and even if they are active people on social media like X, then they will pin their posts about their predictions that gave them the advantage.

But when they are wrong, yes they will defend themselves as usual and maybe they will not even discuss it anymore.

Everyone will love to share their success with a smile.  But when they fail try to hide them all the time.  People who find trading too easy just by watching other's success stories face huge losses when they jump into trading.  No one can give you financial advice on crypto.  Because no one can guarantee anything here.  People who give you financial advice will only hurt you.  So in this case we have to be careful and never take someone's financial advice directly