Who can really give a Financial advice?

[enwi]

Anybody can give you financial advice, but the real question is, should you be taking financial advice from just any stranger, i don't recommend that. Personally, i do not give financial advice, because i know it can come back to hurt me if things do not go as expected, and your friends can turn enemies as a result.

I always listen, but I do not always believe what I am told, especially regarding money. As we live in the world surrounded by many people, of course, you need to know how you can cut out what is useful to you. It is important to note that any recommendation made by another person without considering one’s circumstances is as helpful as suggestions gotten from the air. Specifically, friends may have good intentions at heart but the outcome is not always as planned. The most important issue that need to be understood is that every money decision made will get back to you not the person who just told it.

[taufik123]

-snip-
Specifically, friends may have good intentions at heart but the outcome is not always as planned. The most important issue that need to be understood is that every money decision made will get back to you not the person who just told it.

The need to make corrections and self-analysis to determine whether or not to follow the advice of others.
But of course you don't have to follow the advice of others completely, you have to select whether the advice is really what you want or not.

Some people sometimes regret following other people's advice on their investments because of the losses that occur.
It is better to lose from our own research than to have to follow others, because we can learn and evaluate what is wrong.

[Stuart]

I agree with your opinion, what makes others successful may not necessarily suit us. because a person's success depends on their ability to analyze and strategize. we need references from successful traders, but we also have to have our own analysis and strategy and we can get this by always practicing to gain experience.

Experience is vital, interest is very much required, while being concerned in learning becomes the final tool that can possibly drive the rest. What one does with advise is what counts, because if at the end there's no action taken, the advise is tagged not required. But when questions starts flowing in and self research joins, the person will then be convinced of adhering to the advise that was first given.