Mar 17 2021 at 05:23
I believe it is a mixture of both luck and hard work and not just one.
Actually, the value depends on the traders approach. Many traders have been using the demo for a long time, but till now struggling; because they don’t know how to use this practice account at all.
luck is important , its all about a karma , but hard work is the foremost ingredient in real or trading life , extreme level of hard working always beats talent.
The Forex market is not gambling. When you gamble you need luck but when you trade forex you have to do a lot of hard work. You can not just trade on the basis of your luck only.
Sarjohn posted:Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
The Forex market is not gambling. When you gamble you need luck but when you trade forex you have to do a lot of hard work. You can not just trade on the basis of your luck only.
Tremblay posted:yes first they should learn the basics, understand about risk to reward ratio and then go live account starting from micro lot sizes. Don’t amble or over trade otherwise you will blow your account.Sarjohn posted:Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
The Forex market is not gambling. When you gamble you need luck but when you trade forex you have to do a lot of hard work. You can not just trade on the basis of your luck only.
I think luck and hard work both are needed to make a good trading career in this risky market.
Sep 08 2021 at 22:03
I think traders need both in terms of profit and survival.
Sep 08 2021 at 22:28
There is no place for luck. Traders can achieve this with their hard work.
one cannot often hope for good luck in forex, it will not work all the time, it is better to rely on their knowledge
Sep 13 2021 at 14:21
Trading is not a quick and easy way to get rich as many beginners believe. It takes a lot of time to learn and I believe a significant amount of demo trading is also a necessity, meaning that we have to give a considerable amount of our time to it before we even have the chance to make profit. I often wish other traders luck but don’t believe luck really has anything to do with it, as things are based more on evidence.
Sep 18 2021 at 19:54
HeavLeighGill26 posted:You are absolutely right.
Trading is not a quick and easy way to get rich as many beginners believe. It takes a lot of time to learn and I believe a significant amount of demo trading is also a necessity, meaning that we have to give a considerable amount of our time to it before we even have the chance to make profit. I often wish other traders luck but don’t believe luck really has anything to do with it, as things are based more on evidence.
Hard work and luck go hand in hand. May be your destiny/luck says that you'll achieve things be working hard only?
Sep 20 2021 at 11:36
I believe that luck can work for a few days while hard work will take to greater heights in forex.
Sep 21 2021 at 05:45
@HeavenLeighGill I am with you on this , many traders step into forex with partial or no knowledge and most of them are influenced by their friends or youtube channels . I think people should treat forex as a real deal and a serious business, instead of just executing the trade for the sake of it. They should learn how to do a risk assessment and money management. It's not luck but their hard work that would make them a successful trader
Sep 21 2021 at 06:46
Definitely agree hard work is key and you make your own luck. The more times you put yourself in front of a trade and do the right things the more success you will have and the more 'lucky' you will seem to everyone else
Luck doesn't work all the time. It can work few times but not in all the trades one opens. That's why skills and knowledge important.
I wouldn't really hope for luck. It should be understood that trading is also work, and the result can only be the fruit of labor.
As for trading activity, then here matters exceptionally hard work. There is a bit of luck, but I try tnot to think about luck, because trading which is based on luck is gambling, but not trading activity. So, if you don't want to associate trading with gamblling, then you have to forget about luck at all. Only hard work can help you to reach your goals in trading and earn money of course. In my opinion, those traders who always rely on luck can never be successful, because trading is based on luck can't be called a science.
