Who can really give a Financial advice?

[alltalk]

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.

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

[Aanuoluwatofunmi]

We can choose to seek for financial assistance anywhere inasmuch that the source is going to be a reliable one, we can also take time in making some reasonable research on our own to make sure that we have the right information and got it accurately after relating them from different sources, many of us wouldn't have made mistakes if we had been well informed about some things which we do in cryptocurrency.

[B@@@]

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.

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

I would greatly appreciate it if you could teach me more about risk management.

[enwi]

We can choose to seek for financial assistance anywhere inasmuch that the source is going to be a reliable one, we can also take time in making some reasonable research on our own to make sure that we have the right information and got it accurately after relating them from different sources, many of us wouldn't have made mistakes if we had been well informed about some things which we do in cryptocurrency.

There is always the need to be prepared and accurate when it comes to making the decisions in those areas so that the wrong would not be made. It is helpful to gather information from different sources so that have a general vision of the situation before making a decision. Furthermore, the certainty of the information acquired will serve as the basis of confidence in taking action in line with what is best for us. Different analysis from various perspectives can also be helpful in having a better view of the current situations prevailing. Thus, one could work without any losses and guarantee that all the steps are thought out properly with regard to potential options in the future.

[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.

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

Self analysis will really be that a normal approach when you are trying out to make up some investment and if you do seek out for some advise then it will be ideal that you do need up to listen into those someone who do have that knowledge and experience and not really just that randomly hearing out some advises on which this could potentially be leading up into some bad decisions due to some obvious reasons.Just like the rest been saying that you can actually make your own decisions basing up on what you have learnt and research. So it will be that up to you on how you do deal up with the investment that you are really that dealing into.

[ajiz138]

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

I can't say something like this is wrong or right, because it is a fact and if we look at someone who shares their experience, there will be more people who share their experiences about their success than failure.

People don't dare or deliberately cover up failure, even though if you think about it, failure is also a very good thing to share. Because it will open the minds of many people not to make the same mistakes.

[0t3p0t]

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.

[enwi]

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.

Determining who is experienced and who is echoing what others have said is very useful, especially in the time that we are in need of some advice. Defining to the given capacities and situations one cannot follow all the advices without making a certain adjustment. It is often helpful to learn from other people, however, it can be used as a guideline, but one should know how to adapt it to one’s circumstances to achieve better outcome. Every man is unique, so is his way of learning the certain language, therefore, he has always a right to improvise. The most important thing is never to stop searching in the right information and using right methods of its processing, and not to act as all like the others do.

[Celph]

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.

    Once back then;  I was strongly against the idea of taking financial advices from people.K had reasons which i cannot actually defend today and part of those reasons where being the cause of an eventual downturn and not having anyone to blame but myself.
   Well; fast forward to today;  I strongly detest the idea of not relying on someone for financial ideas.We are all humans and we grow everyday.The more we feed ourselves with knowledge from books as well as knowledge of individuals around is is what makes us grow.
  Just like you have said; background checks as well as other criteria mentioned are really important when seeking financial advices.Just not everyone is capable of handling out such advises that would have an impact in your life.
   I feel if you find a good advisor who meets this criteria; you’re sure to excel in that aspect if you put in your all best.
   

[omori]

Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.

True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.

We should adapt to what we've seen as successful and try to implement our own ways to the ones that already exist.

That way, we will not only use somebody's experience, but amplify it with our own.

[Basedjack]

From your comment, I understood that a person should use the experience they have in stages. Now people can no longer share their experiences and advice with previous people by reading and listening. It is better to use this knowledge in stages and stay connected in the market. You need to have a goal to use your experiences.

[Flydove]

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?

people often say this when having a financial discussion and issue this statement either at the beginning, the middle, the end or just somewhere in the discussion to basically serve as a word of caution and at the same time legally protecting themselves just in case anything goes wrong. It's their own way of saying, this is just my personal opinion as I'm not a financial adviser nor a certified professional, you do your own personal research to further verify what am saying.   

[Aanuoluwatofunmi]

Before we can sought for a financial advise, we need to know whom we are and what we want, then also try as much as possible to understand the nature of where we want it applicable concerning us, seeking a financial advise is not hard to do, but we must go through those who truly have something to offer us, we should go to those who have lived their financial live by example and could be worth emulated by their results.

[Gurujebs]

people often say this when having a financial discussion and issue this statement either at the beginning, the middle, the end or just somewhere in the discussion to basically serve as a word of caution and at the same time legally protecting themselves just in case anything goes wrong. It's their own way of saying, this is just my personal opinion as I'm not a financial adviser nor a certified professional, you do your own personal research to further verify what am saying.

If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.

Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.

[bayu7adi]

If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.

Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.

An advisor is unlikely to give a crypto price prediction, it is very strange and even seems irresponsible because guessing the future is something that is uncertain.... financial advisors or financial advisors usually only teach basic things and also evaluate the mistakes made by their clients, they will provide advice to improve their financial management so that they can be more disciplined in managing finances, not to suggest buying certain coins to make a profit in a short time.... finance is not as narrow as price predictions...