Luck or Hard Work?
Mar 18, 2021 at 11:14
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.
Mar 19, 2021 at 08:52
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.
Member Since Jul 23, 2020
869 posts
Sep 08, 2021 at 22:03
I think traders need both in terms of profit and survival.
Member Since Jul 23, 2020
759 posts
Sep 08, 2021 at 22:28
There is no place for luck. Traders can achieve this with their hard work.
HeavenLeighGill (HeavLeighGill26)
Member Since Aug 05, 2021
401 posts
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.
Member Since Mar 17, 2021
536 posts
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.
Member Since May 27, 2021
57 posts
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.
Member Since Jun 14, 2021
53 posts
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
Member Since Jul 20, 2020
399 posts
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
Nov 12, 2021 at 12:45
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.
Nov 24, 2021 at 07:48
Trading activity doesn't imply any kind of luck, because everything that happens with the makrte is a strong tendency or the pattern. The market is affected by the situations with world and domestic economies, thus there is no luck at all.
I would advice beginning traders not to rely on luck in trading because it always leads to unpleasant consequences such as gambling. Trading activity shouldn't be turned into a gamble, because only your skills, knowledge and experience matter here a lot. Everything depends on your and you hardworking.
I would advice beginning traders not to rely on luck in trading because it always leads to unpleasant consequences such as gambling. Trading activity shouldn't be turned into a gamble, because only your skills, knowledge and experience matter here a lot. Everything depends on your and you hardworking.
Member Since May 31, 2021
35 posts
Nov 26, 2021 at 11:33
GraceGilm posted:I agree with you, luck doesn't works everytime, it is only the knowledge which will help you in forex to succeed.
You should not rely on luck for a long time, since we all know that only beginners are lucky, and even then not for everyone, and even then not for long!
Member Since Mar 17, 2021
536 posts
Nov 26, 2021 at 18:18
skihav posted:Besides hard work. you also need some luck to get success.
Only hard work. This is the real and only path to success in this industry.
