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No one should depend upon luck

KnowFinance
Oct 20 at 12:02
82 Posts
In trading luck contribute to .1% , I think. Skill and knowledge is the key to get out from the fear.

no_frame
Oct 20 at 12:04
32 Posts
I agree, luck may work sometimes but the knowledge will help every time.

skihav
Oct 20 at 13:16
371 Posts
Very true. Even experienced traders sometimes can not control themselves, and it is commonplace to lose money.

RobSchiz
Oct 20 at 20:20
465 Posts
skihav posted:
Very true. Even experienced traders sometimes can not control themselves, and it is commonplace to lose money.

Luck matters. but the main thing is proper knowledge.

GraceGilm
Oct 21 at 15:18
140 Posts
relying on luck in your work is a pointless exercise, so you can lose your entire deposit

LarssonWilliams
Oct 22 at 07:52
11 Posts
Traders must understand that beginner's luck is not gonna help in the longer run.

skihav
Oct 22 at 11:16
371 Posts
This is really correct. It is better to plan and execute deals for small amounts.

sharabela
Oct 22 at 17:39
40 Posts
I truly believe luck does not have that much to do with Forex trading. It mainly depends on our skill, discipline, and patience. Not being a genuine trader, someone may make profit from 2/3 trades, but at the end of the day, he will lose them all. If you want to call those 2/3 profit trades by luck, you are right. Do not forget the end result though, where he would lose all of it.

croisssan
Oct 23 at 10:59
500 Posts
I wouldn't hope for luck. This is very deceiving. Lucky today, unlucky tomorrow. It may not be justified

CraigMcG2020
Oct 24 at 16:49
168 Posts
RobSchiz posted:
skihav posted:
Very true. Even experienced traders sometimes can not control themselves, and it is commonplace to lose money.

Luck matters. but the main thing is proper knowledge.


Luck doesnt matter at all. It isnt gambling if you have an edge and follow rules you will be successful

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