No one should depend upon luck
Dec 27, 2020 at 07:04
No one should depend upon luck in trading. You can be fortunate one or a couple of times. Regardless, You genuinely do need to understand what you're doing. It's the unfaltering work that finally pays off. If you do reliable work in right way, you will get accomplishment.
Member Since Jul 20, 2020
298 posts
Dec 28, 2020 at 02:23
Professional trading is never possible depending on luck. If you want to trade, you must work with a positive mindset according to discipline.
Member Since Jul 23, 2020
869 posts
Dec 28, 2020 at 16:58
Teodor2345 posted:Right. Trading with luck is kind of gambling which has no future in trading.
Luck is of course good. But this will hardly help you in trading on the stock exchange. You may get some profitable trades, but in the end, the loss of your deposit is guaranteed.
Member Since Jul 20, 2020
341 posts
Dec 28, 2020 at 20:16
The main technique to become successful in the forex market is to select a good broker and make a good trading strategy.
Member Since Sep 18, 2020
31 posts
Dec 29, 2020 at 07:23
Diego99 posted:
forex trading is all about how much you understand the market and how well you are able to analyse the charts. no luck game here.
I agree. Its all about how much hard work one puts in, luck is just psychological.
Member Since Nov 20, 2020
21 posts
Jan 05, 2021 at 08:42
There is nothing like luck in forex trading. Your luck can help you sometimes but not all the time. You have to have knowledge and know strategies to make the most of the market.
Member Since Nov 24, 2020
28 posts
Jan 05, 2021 at 08:57
Luck stands nowhere when you are trading forex. It is all about the efforts you put and the decisions you make. You cannot always be lucky to make money in the market.
Member Since Nov 20, 2020
18 posts
Jan 19, 2021 at 04:28
But luck does play an important role in trading and some traders choose to believe in it. Even if not entirely but for some part, they do believe in it.
Member Since Nov 18, 2020
26 posts
Feb 17, 2021 at 05:57
KnowFinance posted:Truly said brother. What most of the traders don’t realize is that a sporadic strategy won’t work here in the name of luck. On the contrary, what they should be doing is investing time in planning a strategy that would help them make some profit despite closing the trade with some losses. It’ll be a well planned out strategy that will help them invest in the right trades and right market condition.
Luck might work somewhere at some point of time, but knowledge and skills will work every time.
Member Since Jun 29, 2020
38 posts
Feb 17, 2021 at 09:44
Richarlison872 posted:Agreed and I personally have come across many traders who usually get confused by looking at the charts. Call it their inexperience or the lack of practice, but they don’t understand that a buying opportunity in a weekly chart can be shown up as a selling signal in the intraday. What they’ll learn with practice is that in case a weekly chart is displaying a buy signal, a good trader should wait until the intraday also confirms the same.KnowFinance posted:Truly said brother. What most of the traders don’t realize is that a sporadic strategy won’t work here in the name of luck. On the contrary, what they should be doing is investing time in planning a strategy that would help them make some profit despite closing the trade with some losses. It’ll be a well planned out strategy that will help them invest in the right trades and right market condition.
Luck might work somewhere at some point of time, but knowledge and skills will work every time.
Member Since Nov 18, 2020
26 posts
Feb 18, 2021 at 05:56
Numeromatt posted:I believe the knowledge and skills can be developed with the help of brokers like Avatrade, FXTM, and Fxview who offer the traders with demo accounts and platforms to practice and test drive their trading skills and strategies. What the traders have to ensure is that the brokers and platforms fit well with their strategies. For instance, you have to ensure that the broker has platforms that can draw Fibonacci lines in case you wish to trade the Fibonacci numbers.Richarlison872 posted:Agreed and I personally have come across many traders who usually get confused by looking at the charts. Call it their inexperience or the lack of practice, but they don’t understand that a buying opportunity in a weekly chart can be shown up as a selling signal in the intraday. What they’ll learn with practice is that in case a weekly chart is displaying a buy signal, a good trader should wait until the intraday also confirms the same.KnowFinance posted:Truly said brother. What most of the traders don’t realize is that a sporadic strategy won’t work here in the name of luck. On the contrary, what they should be doing is investing time in planning a strategy that would help them make some profit despite closing the trade with some losses. It’ll be a well planned out strategy that will help them invest in the right trades and right market condition.
Luck might work somewhere at some point of time, but knowledge and skills will work every time.
yana hansen (78678676)
Member Since Oct 16, 2020
137 posts
Feb 18, 2021 at 11:26
Forex trading is not something you can do by depending solely on luck.
