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Luck or Hard Work?
Členem od Mar 28, 2021
586 příspěvků
Oct 07, 2022 at 06:23
I see the money borrowing tendency in traders but it’s not a good idea for traders. Forex is such a market where you can start trading with a few dollars only and several brokers also allow traders with welcome bonuses.
Členem od Oct 04, 2022
15 příspěvků
Oct 17, 2022 at 07:20
There is no place for luck in financial markets. Your knowledge is the only thing that will take you ahead. So, always chase for more knowledge.
Členem od Oct 01, 2022
51 příspěvků
Oct 18, 2022 at 11:34
Cothurnal posted:
My opinion is 40% hard work, 40% luck and 20% experience.
simple trading calculation but sounds good
Členem od Sep 09, 2022
9 příspěvků
Oct 21, 2022 at 09:51
It depends on how you perceive the market. The more you get to know about the market and its mechanism, the more you will believe in hard work. Luck is for those who don't know the market and how it functions.
Členem od Oct 01, 2022
51 příspěvků
Oct 21, 2022 at 11:22
it sounds a motivational speech but this is true fact.
Členem od Oct 12, 2016
779 příspěvků
Oct 22, 2022 at 09:43
Seems like a philosophical topic...So a philosophical answer....
Luck is the future outcome of your past work experience irrespective of you remember the past or not and irrespective of you work hard or work smart.
But experience out of your past work is important which builds the luck in future which you forget over time. Nothing happens by luck or chance without reason. So luck follows for them who work and gain experience over time and so you can change your luck by work.
You can continue to practice trading and gain experience until you can't loose in forex, then luck is yours and you can decide your own luck.....
Luck is the future outcome of your past work experience irrespective of you remember the past or not and irrespective of you work hard or work smart.
But experience out of your past work is important which builds the luck in future which you forget over time. Nothing happens by luck or chance without reason. So luck follows for them who work and gain experience over time and so you can change your luck by work.
You can continue to practice trading and gain experience until you can't loose in forex, then luck is yours and you can decide your own luck.....
Artificial General Intelligence
Členem od Sep 14, 2022
39 příspěvků
Oct 25, 2022 at 06:34
YellowWitty posted:
There is no place for luck in financial markets. Your knowledge is the only thing that will take you ahead. So, always chase for more knowledge.
I completely agree with you, the only parameters for success in Forex is knowledge and practice. Luck is just an escape term which has no role in trading.
Členem od Aug 19, 2022
42 příspěvků
Oct 28, 2022 at 15:11
It's really very hard work.
Make money with people who know how to make money.
Členem od Oct 01, 2022
51 příspěvků
Nov 01, 2022 at 14:47
smart people always try to make sure trading result by working hard. this is only difference between general trader and successful trader.
Členem od Apr 29, 2021
4 příspěvků
Nov 01, 2022 at 20:31
how hard you "work" means nothing. only thing that makes certain people successful, and others not is their mind-state, and their money management. most people over-leverage, over-trade, and over-expose themselves to the market. why you enter a trade has no bearing on what actually happens afterwards, you're basically guessing(thats why you have a stop loss). having a statistical edge is nice, but most people don't, and rely on indicators that don't work(or even worse using averaging robots) instead of what is actually happening on the chart in front of them.
Členem od Oct 28, 2022
50 příspěvků
Nov 02, 2022 at 06:12
For me it's a combination of hard and smart work.
Členem od Sep 02, 2022
75 příspěvků
Jan 04, 2023 at 10:02
We have a bulk of trading strategies but the fact is that majority of those strategies are not that much effective.
Členem od Apr 29, 2021
4 příspěvků
Jan 05, 2023 at 13:41
no strategy works consistently. "work" doesn't do anything. it's all trade management. why you get in a trade has NO bearing on what actually happens in the market. we are guessing. we are not seers who can predict the future. otherwise, why would we need stoplosses? why wouldn't we just leverage our account to the max every trade, and all be trillionaires? it's because we're guessing. there is no work. use proper money management. gamble responsibly.
Členem od Nov 29, 2022
40 příspěvků
Jan 06, 2023 at 07:18
Trading success is largely a result of hard work and dedication. This includes educating oneself about the markets, developing a trading plan, and continuously learning and adapting to market conditions.
Členem od Aug 03, 2022
25 příspěvků
Jan 10, 2023 at 11:21
I would say hard work without a doubt! I know many traders who blame it on their luck when they happen to lose trades. But the one who has skills will always accept their mistakes no matter what. The willingness to learn from your mistakes is what takes you to success in the end.
Členem od Apr 18, 2020
55 příspěvků
Apr 17, 2023 at 12:30
According to me, some traders may experience a few successful trades due to luck, the long-term success in Forex trading is mostly determined by the effort a trader put into understanding the market and developing sound trading strategies.
Členem od Aug 19, 2022
42 příspěvků
Apr 26, 2023 at 20:07
Hard work and a little bit of luck too
Make money with people who know how to make money.
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