Luck is important

Apr 09, 2020 at 05:40
6,647 Angesehen
154 Replies
Mitglied seit Apr 01, 2020   231 Posts
Apr 09, 2020 at 05:40
Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.
Mitglied seit Apr 09, 2020   2 Posts
Apr 09, 2020 at 14:23
You are right, we are not friends of the market, but employees. Those who understand it can earn, someone loses their accounts.
Mitglied seit Sep 23, 2019   1 Posts
Apr 09, 2020 at 20:01
I view the market as a raging beast, and myself as a mosquito. I'm just trying to feed without getting squashed!
Mitglied seit Jan 10, 2020   37 Posts
Apr 10, 2020 at 07:55
The Forex market is somewhat similar to a casino. Beginners are lucky. In terms of trade as well. Your first random earnings. Then the second one. And now you’re already losing your head, you consider yourself lucky, you have gamble awakening. Then the first negative trade. You are confused how this could have happened. Then the second one and anger appears, the control over emotions is lost. And the gamble is growing. You want to recoup, return your capital. The same is in the casino. Forex is gamble. And you need to approach it wisely and with a cold head.
Mitglied seit Oct 25, 2019   27 Posts
Apr 12, 2020 at 18:40
Yep, some people really got lucky for some time and then they really start to move on with that like they really need it absolutely and possibly. While some next their steps will not guarantee basically anything out there, be carefull.
Mitglied seit Oct 22, 2019   41 Posts
Apr 14, 2020 at 12:00
I also believe in luck but not totally. Luck will be in your favor if you are ready to work hard.
Mitglied seit Dec 23, 2019   21 Posts
Apr 16, 2020 at 19:20
Trust me, luck is important for some people. Take this example. This is a simplified version of forex. Thee is a graph and in it is a curve that keep rising and dropping. All that you do is determine the direction that the curve will go whuch is either up or down. You also predict a point that the graph will not fall below and thats it. Tell me if no luck is required in that.
Mitglied seit Aug 12, 2015   40 Posts
Apr 16, 2020 at 23:10
To believe in luck as a trader is a fatal fantasy over the long term. The FX market is not random like the ball on a casino roulette wheel. Do any of you really think the Big Boy Bankers who trade billions of dollars in the FX market are just gambling on red or black?

You have to study and learn what methods the Big Boys use to manipulate the market so that they make money and 90% of retail traders who believe in an EA or luck simply fall by the wayside.

I hate to see these kind of threads because they perpetuate the myths that Bankers are simply running a casino based on customers who believe in luck. Even in casinos, there are some bettors who do better than average based on their skill at poker or Twenty One.

Stop using 'luck' as a crutch for losses that bust out your account. Do something to learn how the Big Boys talk to each other using mathematics and standard patterns. You CAN learn the language of trading.
Mitglied seit Feb 13, 2020   23 Posts
Apr 17, 2020 at 12:14
Luck is important - but it shouldn't be something you put your hopes and money on.
you also have to have at least basic understanding how market works
and experience.
Sometimes it looks like luck - but behind that 'luck' is a lot of hours of learning and mistakes.
Mitglied seit Dec 25, 2019   20 Posts
Apr 19, 2020 at 17:21
Yeah luck is important. There are some traders that depend entirely on luck and have made it through nothing but luck on their side. Even the traders with good knowledge still depend on luck at some point in their trades. We may try to deny it but it is true. Even I depend on luck sometimes. Everything counts.
Mitglied seit Aug 27, 2017   994 Posts
Apr 19, 2020 at 18:00
luck is important , but when you have good knowledge and experience then luck will work , otherwise not .
Mitglied seit Apr 18, 2020   54 Posts
Apr 20, 2020 at 07:03
Yes, luck does play a role somewhere, but can't solely rely on luck. Forex returns are highly affected by how skilled the trader is and how passionately is he trading. So one should focus on that part and let luck do his job.
Mitglied seit Oct 21, 2019   32 Posts
Apr 20, 2020 at 08:12
Adribaasmet posted:
luck is important , but when you have good knowledge and experience then luck will work , otherwise not .
Bitter truth. Fortune favors those who work for it.
Mitglied seit Apr 04, 2020   57 Posts
Apr 20, 2020 at 12:26
Sometimes real luck is not the last place in trade. But you need to use it carefully
Mitglied seit Apr 04, 2020   38 Posts
Apr 20, 2020 at 16:45
Hello,

Luck is important, right, but Its very important in our normal life, not trading business. Because if you have no knowledge, no experience, if you don't do practice, no interest then just luck don't do anythings in trading. Trading market don't know who are you and what is your luck. So, in forex trading Its not right luck is important, first you need to learn more about forex trading, you need to collect all trading update, you need to practice more and more, after you can say about luck. But i think then you don't need to talk about luck. Because if you follow these tips trading will be easy for you.

Thank you..
Mitglied seit Apr 15, 2020   83 Posts
Apr 22, 2020 at 07:46
If you are serious about working forex, then I do not think that you need to rely on luck, it can be some kind of additional, just a factor.
Mitglied seit Jul 02, 2019   1 Posts
Apr 24, 2020 at 02:00
juri282 posted:
Sometimes lucky helps forex trading, but more experience😀
Only for beginners but as an experienced trader you should put luck aside totally.
Mitglied seit Mar 23, 2020   63 Posts
Apr 24, 2020 at 11:39
Dorigda posted:
If you are serious about working forex, then I do not think that you need to rely on luck, it can be some kind of additional, just a factor.
True. Learning and practice; that is what one should focus at.
Mitglied seit May 22, 2017   85 Posts
Apr 26, 2020 at 23:31
Dictiony posted:
Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.

Luck happens when preparation meets opportunity.
F*** it we ball!
Mitglied seit Apr 18, 2020   54 Posts
Apr 27, 2020 at 08:58
master800ve posted:

Luck happens when preparation meets opportunity.
That's really well said!
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