Luck is important
Mitglied seit Aug 02, 2022
24 Posts
Aug 26, 2022 at 11:26
Basing decisions on luck is not the best way to approach the market sentiment. Hence, you need to be practical and logical so applying your knowledge and skill is the only way to earn profit returns.
Mitglied seit Jul 23, 2020
869 Posts
Aug 28, 2022 at 11:08
Making a strategy is the result of persistence, perseverance and hard work. Use a strategy for a long time to prove whether it works well or not. A well-defined and profitable strategy can help you quench all your demands.
Aug 29, 2022 at 09:54
I can’t deny that luck has no role to play in your trading career. It may work sometimes but most of the time, it’s your hard work that will give you results. So, work on improving yourself and don’t do anything that you don’t understand.
Mitglied seit Jul 26, 2022
49 Posts
Sep 07, 2022 at 12:16
Luck is important but so are the skills, one cannot succeed depending only on the luck, skills matter a lot.
Mitglied seit Mar 31, 2021
229 Posts
Sep 12, 2022 at 09:49
Luck is a very picky woman. She can turn to you as well as turn away. Therefore, in addition to luck, it is important to have steel self-confidence and a well-developed trading strategy.
Think thrice before opening an order
Mitglied seit Feb 16, 2022
63 Posts
Sep 19, 2022 at 07:36
Candle breakout strategy is one of the most effective trading styles but traders mostly fail to follow this strategy just because they don’t have sufficient idea over the use of the strategy.
Sep 20, 2022 at 06:43
If you solely rely on luck, you will never be able to learn how to trade profitably. Instead of losing energy on luck, I would advise effectively understanding the forex market and learning technical analysis and test out strategies on demo accounts.
Mitglied seit Sep 06, 2022
26 Posts
Sep 30, 2022 at 12:23
There is no need for luck in the forex market. If luck were involved in forex, only a select few would win. But that is not so; those who trade with the right strategies and mindset win. Luck has no role to play in the forex market; it is mostly mumbo-jumbo that has made everyone think that way.
Oct 17, 2022 at 05:36
Sometimes we end up making good trading decisions by mistake and call it luck. However, luck cannot favour us forever when it comes to forex trading. We need to work on our skills and strategy for long term success. Losses are inevitable sometimes but we should never leave our trades to our luck. Because that will make it look like we have no control over our wins and losses as a forex trader.
Oct 26, 2022 at 23:16
Forex trading is a speculative investment, and luck also has a role here, however in trading we can't only rely upon luck alone, here we learn to analyze the market-based support resistance, using chart patterns to predict the price ahead, sometimes we need speed to open and close order, it is not pure relying upon luck.
Mitglied seit Oct 04, 2022
15 Posts
Oct 31, 2022 at 11:19
I don’t think so because even luck runs out after 2-3 times. It’s your knowledge that decides the trajectory of your trading journey and success
Mitglied seit Sep 13, 2022
8 Posts
Nov 03, 2022 at 05:53
I would disagree with OP here. Luck will never be a huge part of your trading success. Based on my experience, luck plays a little to no role in your long term success as a forex trader. One who believes in luck based trading is setting themselves up for failure only. Just focus on learning and work towards your goals. That is the only thing you need to do for profitable trading.
Nov 17, 2022 at 23:30
Indeed traders also need luck, however, traders can't rely upon luck, they must rely upon knowledge and skills to make closer to luck. Traders also need discipline although discipline can't guarantee success, however no success without discipline.
Mitglied seit Nov 21, 2022
9 Posts
Nov 21, 2022 at 16:45
Luck is so important. There are scammers and bad strategies online and it is only luck that they are avoided and a good strategy found. If you have a good strategy then luck is less important
