Yeah luck is important. There are some traders that depend entirely on luck and have made it through nothing but luck on their side. Even the traders with good knowledge still depend on luck at some point in their trades. We may try to deny it but it is true. Even I depend on luck sometimes. Everything counts.
Yes, luck does play a role somewhere, but can't solely rely on luck. Forex returns are highly affected by how skilled the trader is and how passionately is he trading. So one should focus on that part and let luck do his job.
Luck is important, right, but Its very important in our normal life, not trading business. Because if you have no knowledge, no experience, if you don't do practice, no interest then just luck don't do anythings in trading. Trading market don't know who are you and what is your luck. So, in forex trading Its not right luck is important, first you need to learn more about forex trading, you need to collect all trading update, you need to practice more and more, after you can say about luck. But i think then you don't need to talk about luck. Because if you follow these tips trading will be easy for you.
Dictiony posted: Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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