Advertisement
Luck is important
Mitglied seit May 31, 2021
51 Posts
Jan 20, 2022 at 08:25
I agree, trading needs skills and strong technical analysis. If that works fine you can relate it to luck then.
Mitglied seit May 27, 2021
56 Posts
Jan 20, 2022 at 09:32
I don't think that forex trading is based on luck, it actually requires sufficient forex knowledge in order to get profits.
Mitglied seit Nov 20, 2021
19 Posts
Jan 20, 2022 at 11:49
Relatable! Luck is dependent on the efforts we are making for the trading.
Jan 21, 2022 at 18:36
Well I can't personally agree that luck is important. In my opinion, importance of luck is overestimated in trading activity. Of course, sometimes we can tell that we were lucky, when we accidentally opened wrong position and it brough us profits, nevertheless traders have to appeal to logic, analyze and their cognitive abilities. Luck is considered to be something that one day might turn trading activity for you into gambling. You will rely only on luck and you will forget about the importance of analyzing, creating and exploring. In my opinion, it's the worst thing might ever happen to trading activity. Traders have to stay very attentive.
Mitglied seit Jun 26, 2020
323 Posts
Jan 23, 2022 at 06:54
you can depend on luck but of course after having most powerful analyzing trading knowledge , otherwise it could be a dangerous issue.
Jan 25, 2022 at 04:14
Even for you to be lucky, you have to put in some effort. Luck doesn’t work on its own. You have to learn, practice, analyse your trades. You just can’t expect to make profits by entering or exiting any trade without any strategy or logic. Moreover, if you rely on luck completely you can never learn to trade profitably and when luck will leave your side you’ll lose all your profits by making wrong moves.
Mitglied seit Jul 20, 2020
385 Posts
Jan 26, 2022 at 07:53
Luck is just opportunity meeting preparation.
Mitglied seit Jun 12, 2021
132 Posts
Jan 26, 2022 at 08:02
luck is important besides good knowledge and experience , sometimes we have no way to depend on luck , its natural
Mitglied seit Aug 10, 2021
172 Posts
Feb 01, 2022 at 02:36
It's impossible to say that luck is more important than experience because both play an important role in what you do. You will not be successful in forex if you have sufficient experience and enhanced your trading skills but poor luck, at the same time if you are lucky but lack experience, your performance in forex will be unsatisfactory, so these both of the things play their roles but in my opinion your experience is more important.
Mitglied seit Jun 12, 2021
132 Posts
Feb 01, 2022 at 07:31
luck is really important in trading life as well in a real life. no way to deny
Mitglied seit Aug 04, 2014
52 Posts
Feb 01, 2022 at 12:48
Chance is very important but not decisive
Mitglied seit Jun 12, 2021
132 Posts
Feb 02, 2022 at 08:58
luck is really complicated issue , you cant change it but of course you can work and which is really important.
Mitglied seit Jan 03, 2022
9 Posts
Feb 02, 2022 at 11:58
How is this even a thread on myfxbook. Of course luck isn't important. You cannot reply on luck to make you money. If you believe that just get a lottery ticket
Mitglied seit Aug 05, 2021
394 Posts
Feb 02, 2022 at 17:45
It really comes down to your decisions, but I often wish other traders luck regardless. Some may believe in it and others don't, but I do think luck comes more into play with gambling.
Mitglied seit Jun 21, 2021
33 Posts
Feb 03, 2022 at 08:05
Luck is secondary. The primary thing to focus upon is skills.
Feb 03, 2022 at 12:16
frandunn posted:
I don’t think that luck is important while trading. It could only be a few trades where you could benefit due to luck. All the other times, it is the experience and skills that make you profit.
I agree with you, luck can work but not every time, only knowledge and experience will help one to excel in forex trading.
Feb 09, 2022 at 05:19
Luck may be important, but a lot can be achieved even without it. If a trader learns risk management and is able to control the emotions while trading, consistent profits can be earned. Luck may not always work but knowledge and experience will always work.
