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.
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 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.
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.
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.
Luck sometimes work in trading but traders cant relying upon luck alone, they need knowledge and also skills trading to manage money in uncertain market condition, luck will never come every time, but knowledge will make luck often caught every time
The most important thing in the Forex trading is experience, because experience is the most important in the Forex trading, and it also makes our work simple and easy, and we also understand the work or trading properly and well, so we should emphasize experience.
Your fate depends on you like how you work for this and what you do to develop your fate. If you do nothing but rely on your fate blindly, then who will help your flourish your fate. So, try again and again, Focus on enhancing knowledge because an ignorant person is never equal to an wise person.
So true luck is preparation meeting opportunity. You need to be prepared and set up to take advantage of it
We can't say what is more important: luck or experience because both play an important role in everything we do. If you have sufficient experience and enhanced your trading skills but your luck is not with you, then you will not be successful in forex, but if you have sufficient experience but your luck is low, then your performance will not be good in forex. So both these things can play a role but in my opinion experience is more important.
There is no point of denying your fate but sitting idle leaving everything on luck is all about foolishness. In your fate, the result of your working is written down. So, you will get what you do indeed. So, without relying on luck, start practicing more and more and hope your luck will be in favor of you.
I can't agree that luck is important. All the situations when I relied on luck and even it was not in trading, I failed. Maybe I am so unlucky that I have never faced real luck, however as a rule people and traders as well have to rely only on themselves, their knowledge, skills and experience. These things are twice important than luck. Those ones who are lucky, can rely on luck, because they understand that luck is on their side and they can always apply to it when they require something. Nevertheless, the most part of people never rely on luck and rely only on themselves. It's a mandatory thing.
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