InvestorQ : I always have a doubt; should I be listening to experts at all?
Sakshi Malhotra made post

I always have a doubt; should I be listening to experts at all?

Answer
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Mitali Bhutta answered.
2 years ago


It is difficult to answer your question as Yes or No, because there is a perspective that you need to understand. It is hard for most investors in the market to survive without expert advice. But that is not the only expert advice that you get. You also have expert websites and television channels where analysts and experts are waxing eloquent. Therein lies a major dilemma. To what extent must you rely on the advice of the experts and when must you rely on your own judgement. This problem becomes all the more pronounced when you are new to the markets and are not as well connected and resourceful as the advisor. That is when you need to exercise your judgement. More often than not, it is best to listen to the expert inputs as an outsider but you are better off deciding yourself. This is more so if you are trader and are relying on charts to trade. Always make it a point to be your own chartist when it comes to trading in markets.