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Luck is important

Tradelist45
Jan 23 at 06:54
258 posts
you can depend on luck but of course after having most powerful analyzing trading knowledge , otherwise it could be a dangerous issue.
Furbelows
Jan 25 at 04:14
40 posts
Even for you to be lucky, you have to put in some effort. Luck doesn’t work on its own. You have to learn, practice, analyse your trades. You just can’t expect to make profits by entering or exiting any trade without any strategy or logic. Moreover, if you rely on luck completely you can never learn to trade profitably and when luck will leave your side you’ll lose all your profits by making wrong moves.
CraigMcG2020
Jan 26 at 07:53
385 posts
Luck is just opportunity meeting preparation.
AndrewMcCalam54
Jan 26 at 08:02
132 posts
luck is important besides good knowledge and experience , sometimes we have no way to depend on luck , its natural
RobSchiz
Jan 26 at 18:42
567 posts
AndrewMcCalam54 posted:
luck is important besides good knowledge and experience , sometimes we have no way to depend on luck , its natural
Yes. you need proper knowledge besides luck.
Jungle78
Jan 31 at 21:22
105 posts
I know its a cliché but luck is when opportunity meets preparedness and no amount of luck will help you be consistent in this game
Williamfreed
Feb 01 at 02:36
176 posts
It's impossible to say that luck is more important than experience because both play an important role in what you do. You will not be successful in forex if you have sufficient experience and enhanced your trading skills but poor luck, at the same time if you are lucky but lack experience, your performance in forex will be unsatisfactory, so these both of the things play their roles but in my opinion your experience is more important.
AndrewMcCalam54
Feb 01 at 07:31
132 posts
luck is really important in trading life as well in a real life. no way to deny
Fx_challenger
Feb 01 at 12:48
62 posts
Chance is very important but not decisive
croisssan
Feb 01 at 14:38
939 posts
I do not argue that luck plays an important role, but far from being the key one. I would advise to pay more attention to the level of experience.
AndrewMcCalam54
Feb 02 at 08:58
132 posts
luck is really complicated issue , you cant change it but of course you can work and which is really important.
OriginalPointer
Feb 02 at 11:58
9 posts
How is this even a thread on myfxbook. Of course luck isn't important. You cannot reply on luck to make you money. If you believe that just get a lottery ticket
HeavenLeighGill (HeavLeighGill26)
Feb 02 at 17:45
328 posts
It really comes down to your decisions, but I often wish other traders luck regardless. Some may believe in it and others don't, but I do think luck comes more into play with gambling.
billysnyder
Feb 03 at 06:32
111 posts
When trading Forex, luck is one of the most important factors. A new trader can buy and sell in accordance with their plan, but still end up losing money. That's where the element of luck comes in. It is not really about your strategy or how good your setup is. Luck will play a role in whether you win or lose on your trades.
TroyTheTrader
Feb 03 at 08:05
33 posts
Luck is secondary. The primary thing to focus upon is skills.
CraigMcG2020
Feb 03 at 08:18
385 posts
billysnyder posted:
When trading Forex, luck is one of the most important factors. A new trader can buy and sell in accordance with their plan, but still end up losing money. That's where the element of luck comes in. It is not really about your strategy or how good your setup is. Luck will play a role in whether you win or lose on your trades.

No completely disagree, you are talking about probabilities here not luck. Over a large sample size and a correct edge no luck plays any part. It is completely all down to probabilities. Yes you can do everything right but still loss thats probability over the long run if your edge is good you'll be in profit
frandunn
Feb 03 at 08:22
20 posts
I don’t think that luck is important while trading. It could only be a few trades where you could benefit due to luck. All the other times, it is the experience and skills that make you profit.
no_frame
Feb 03 at 12:16
61 posts
frandunn posted:
I don’t think that luck is important while trading. It could only be a few trades where you could benefit due to luck. All the other times, it is the experience and skills that make you profit.
I agree with you, luck can work but not every time, only knowledge and experience will help one to excel in forex trading.
Nakedize
Feb 09 at 05:19
46 posts
Luck may be important, but a lot can be achieved even without it. If a trader learns risk management and is able to control the emotions while trading, consistent profits can be earned. Luck may not always work but knowledge and experience will always work.
Peirameter
Feb 14 at 08:16
28 posts
I believe that luck depends on the amount of hard work a person does. A trader can never be lucky enough to make consistent winning trades. Only the traders who work hard with consistency, patience and discipline will keep luck on their side.
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