Luck or Hard Work?
Mitglied seit Jul 23, 2020
869 Posts
Sep 08, 2021 at 22:03
I think traders need both in terms of profit and survival.
Mitglied seit Jul 23, 2020
759 Posts
Sep 08, 2021 at 22:28
There is no place for luck. Traders can achieve this with their hard work.
Mitglied seit Aug 05, 2021
401 Posts
Sep 13, 2021 at 14:21
Trading is not a quick and easy way to get rich as many beginners believe. It takes a lot of time to learn and I believe a significant amount of demo trading is also a necessity, meaning that we have to give a considerable amount of our time to it before we even have the chance to make profit. I often wish other traders luck but don’t believe luck really has anything to do with it, as things are based more on evidence.
Mitglied seit Mar 17, 2021
536 Posts
Sep 18, 2021 at 19:54
HeavLeighGill26 posted:You are absolutely right.
Trading is not a quick and easy way to get rich as many beginners believe. It takes a lot of time to learn and I believe a significant amount of demo trading is also a necessity, meaning that we have to give a considerable amount of our time to it before we even have the chance to make profit. I often wish other traders luck but don’t believe luck really has anything to do with it, as things are based more on evidence.
Mitglied seit May 27, 2021
57 Posts
Sep 20, 2021 at 11:36
I believe that luck can work for a few days while hard work will take to greater heights in forex.
Mitglied seit Jun 14, 2021
53 Posts
Sep 21, 2021 at 05:45
@HeavenLeighGill I am with you on this , many traders step into forex with partial or no knowledge and most of them are influenced by their friends or youtube channels . I think people should treat forex as a real deal and a serious business, instead of just executing the trade for the sake of it. They should learn how to do a risk assessment and money management. It's not luck but their hard work that would make them a successful trader
Mitglied seit Jul 20, 2020
399 Posts
Sep 21, 2021 at 06:46
Definitely agree hard work is key and you make your own luck. The more times you put yourself in front of a trade and do the right things the more success you will have and the more 'lucky' you will seem to everyone else
Nov 12, 2021 at 12:45
As for trading activity, then here matters exceptionally hard work. There is a bit of luck, but I try tnot to think about luck, because trading which is based on luck is gambling, but not trading activity. So, if you don't want to associate trading with gamblling, then you have to forget about luck at all. Only hard work can help you to reach your goals in trading and earn money of course. In my opinion, those traders who always rely on luck can never be successful, because trading is based on luck can't be called a science.
Nov 24, 2021 at 07:48
Trading activity doesn't imply any kind of luck, because everything that happens with the makrte is a strong tendency or the pattern. The market is affected by the situations with world and domestic economies, thus there is no luck at all.
I would advice beginning traders not to rely on luck in trading because it always leads to unpleasant consequences such as gambling. Trading activity shouldn't be turned into a gamble, because only your skills, knowledge and experience matter here a lot. Everything depends on your and you hardworking.
I would advice beginning traders not to rely on luck in trading because it always leads to unpleasant consequences such as gambling. Trading activity shouldn't be turned into a gamble, because only your skills, knowledge and experience matter here a lot. Everything depends on your and you hardworking.
Mitglied seit Apr 09, 2019
538 Posts
Nov 24, 2021 at 11:23
100% it comes down to hard work. Luck hasn't got anything to do with it.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit May 31, 2021
35 Posts
Nov 26, 2021 at 11:33
GraceGilm posted:I agree with you, luck doesn't works everytime, it is only the knowledge which will help you in forex to succeed.
You should not rely on luck for a long time, since we all know that only beginners are lucky, and even then not for everyone, and even then not for long!
Mitglied seit Mar 17, 2021
536 Posts
Nov 26, 2021 at 18:18
skihav posted:Besides hard work. you also need some luck to get success.
Only hard work. This is the real and only path to success in this industry.
Mitglied seit Nov 23, 2021
34 Posts
Dec 06, 2021 at 06:53
If you win, then all the credit goes to hard work. Trading is purely the result of the knowledge of your analysis and risk management. Keep learning and trading!
Mitglied seit Mar 16, 2021
477 Posts
Dec 06, 2021 at 07:58
LucianVince posted:Exactly, if the trader succeeds, it is based on his hard work. Success is never achieved by relying on luck.
If you win, then all the credit goes to hard work. Trading is purely the result of the knowledge of your analysis and risk management. Keep learning and trading!
Mitglied seit Jan 22, 2021
125 Posts
Dec 06, 2021 at 11:16
There is nothing such thing like luck, luck is a shadow of hardwork. Just like for a shadow you need source of light in the same way for luck you need hard work.
Mitglied seit Aug 10, 2021
178 Posts
Dec 06, 2021 at 13:48
The luck has to get a push, but the skill is the base of your success and there is a little bit of luck too, so be skilful and the luck will follow. When you get an opportunity to watch a skilled and experienced trader execute a profitable trade. How are you doing, how did you know you had to open it exactly here? In many cases you hear a response from a trader like that, but it is just luck.
