In recent years, social media platforms have seen a surge in trading influencers who share market tips, strategies, and stock recommendations. While some influencers provide valuable insights, following them blindly can be risky and lead to significant losses. Here’s why.
1. Lack of Expertise
Many trading influencers lack formal financial education or industry experience. They may rely on basic market trends or short-term trading strategies without understanding the complexities of the market. Following their advice could lead to misguided trades based on incomplete or inaccurate information.
2. One-Size-Fits-All Advice
Trading influencers of...