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Luck or Hard Work?

Jun 23, 2020 at 05:09
4,815 Views
116 Replies
Member Since Apr 01, 2020   231 posts
Jun 23, 2020 at 05:09
Luck or Hardwork in Forex Trading ,If you think that it is not a business and if you take it as a gambling so it is luck game.But the True Forex Trading required hard work to get success in Forex.Forex Trading demands a high level of discipline ,strategy and trading practice on demo account.I believe that in Forex first we need to learn than earn money.
At last Hardwork is key to Success in Forex Trading.What do you think?
Member Since May 24, 2020   112 posts
Jun 25, 2020 at 04:05
This is really hard work, and you don't need to count on luck.
Member Since Jun 24, 2020   34 posts
Jun 25, 2020 at 07:45
Exactly, forex isn't luck based at all. Results from forex will come only if we work hard and work to enhance our skills.
Member Since Dec 25, 2019   20 posts
Jun 25, 2020 at 18:25
Hi! I think you underestimate the role of luck in trading. In order not only to become, but also to remain a profitable trader, you can't do without luck. Yes, you need to learn and remember a lot, a lot of practice and other things, but you definitely can't do it all without luck.
Member Since May 21, 2020   18 posts
Jun 25, 2020 at 18:30
I don't think the answer would be so obvious. In order to really succeed and become a profitable trader - you will need both luck and hard work. Because with only one of these you will not go far. You need to work hard to be successful, and you need luck to keep this success. So I only partially agree with you. But to me, that's not a bad point)
Member Since Jun 24, 2020   34 posts
Jun 26, 2020 at 06:59
Thorgaswyn posted:
Hi! I think you underestimate the role of luck in trading. In order not only to become, but also to remain a profitable trader, you can't do without luck. Yes, you need to learn and remember a lot, a lot of practice and other things, but you definitely can't do it all without luck.

Well, yeah. Still i would say 10% luck and 90% skill , knowledge and other things. What do you think ?
Member Since Jul 20, 2019   372 posts
Jun 30, 2020 at 14:26
It's always been hard work. A good analyzing- and true-to-yourself-mindset is always needed. If you don't have it, leave it.
patience is the key
Member Since May 10, 2020   2 posts
Jun 30, 2020 at 14:54
运气会让你找到方向和契合市场
Member Since Jun 22, 2020   77 posts
Jul 01, 2020 at 07:30
Role of luck can be considered at such certain point but hard work will triumph over luck in the long run.
Member Since Apr 15, 2020   83 posts
Jul 02, 2020 at 06:09
You will not get far on one luck, so you will have to work here.
Member Since Jul 09, 2019   38 posts
Jul 02, 2020 at 06:16
No luck can be on your side until and unless you work hard. Forex can only be mastered if you have that passion and put your sweat in learning. Luck can only favour you once or twice, but your hard work is never gonna go in vain.
Member Since Jul 09, 2020   34 posts
Jul 10, 2020 at 09:04
Hardwork is most important but i also believe luck is also a very important to consider.
Member Since Apr 28, 2020   8 posts
Jul 10, 2020 at 16:35
Funding (Stake Alpha, FTMO, TopStep etc)
Risk Management (R system)
Consistency (Watch your drawdown!)

Good trader are guaranteed to make money. More volatility = Luck.
Consistency and Risk Managment.
Member Since May 17, 2018   1 posts
Jul 10, 2020 at 21:07
Thorgaswyn posted:
Hi! I think you underestimate the role of luck in trading. In order not only to become, but also to remain a profitable trader, you can't do without luck. Yes, you need to learn and remember a lot, a lot of practice and other things, but you definitely can't do it all without luck.

Luck would imply that you're going into the market with no plan.

Measuring the likely probability of outcome by backtesting is what will give you a system that works.

You need to be so confident in your strategy that even if you had a 'bad year' you would still make some money.
consistency has no limits
Member Since Apr 18, 2019   25 posts
Jul 17, 2020 at 17:11
I agree that hard work is very important in trading. But it doesn't give 100% success, the maximum is 80%. The rest is discipline, knowledge and of course luck. Only with all these factors in mind, a trader can become profitable and successful. Hard work alone won't give you all this.
Member Since Jul 20, 2020   341 posts
Aug 04, 2020 at 11:15
As a trader, I can say that you need both of them to become successful in this platform. Because only hard work can not bring success if you don't have luck. On the other hand, only luck can not make you successful without hard work. So, both are equally needed to become successful.
Member Since Jul 27, 2020   102 posts
Aug 05, 2020 at 07:43
I think both play a factor in determining your role in trading.
forex_trader_1712030
Member Since Aug 04, 2020   8 posts
Aug 05, 2020 at 09:02
I got lucky end of 2013 till 2014 August I made 7K to 162K and than luck fly from window. I lost in 9 days 85% of capital but I get lucky again and I let that pain transform myself to became better trader. So the question is how long time you want to stay in trading? if it is short period than you can rely on luck made money and with correct timing, you can take the money and run never look back. But if you want to be trader until end of your life, if trading is your thing, than you can not rely on luck because it comes and goes.

Here is the good news, if you are hard working even when you do not rely on luck, in anyway it helps to you even in magical way. For example they as to Warren, is luck important and he answer that 'I got lucky to born in USA, 4% chance and If I get Harvard I would never meet with Graham'

Everybody needs a little luck but it is better not lean on it.
Member Since Jun 30, 2020   90 posts
Aug 05, 2020 at 10:00
To a greater extent, we can say that this is hard work, well, and luck plays a role.
Member Since Jul 20, 2020   232 posts
Aug 24, 2020 at 17:47
I think we need both luck and hard work to make profit from the market.
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