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Luck or Hard Work?
Mitglied seit Oct 04, 2022
15 Posts
Oct 17, 2022 at 07:20
There is no place for luck in financial markets. Your knowledge is the only thing that will take you ahead. So, always chase for more knowledge.
Mitglied seit Oct 01, 2022
51 Posts
Oct 18, 2022 at 11:34
Cothurnal posted:
My opinion is 40% hard work, 40% luck and 20% experience.
simple trading calculation but sounds good
Mitglied seit Oct 01, 2022
51 Posts
Oct 21, 2022 at 11:22
it sounds a motivational speech but this is true fact.
Oct 22, 2022 at 09:43
Seems like a philosophical topic...So a philosophical answer....
Luck is the future outcome of your past work experience irrespective of you remember the past or not and irrespective of you work hard or work smart.
But experience out of your past work is important which builds the luck in future which you forget over time. Nothing happens by luck or chance without reason. So luck follows for them who work and gain experience over time and so you can change your luck by work.
You can continue to practice trading and gain experience until you can't loose in forex, then luck is yours and you can decide your own luck.....
Luck is the future outcome of your past work experience irrespective of you remember the past or not and irrespective of you work hard or work smart.
But experience out of your past work is important which builds the luck in future which you forget over time. Nothing happens by luck or chance without reason. So luck follows for them who work and gain experience over time and so you can change your luck by work.
You can continue to practice trading and gain experience until you can't loose in forex, then luck is yours and you can decide your own luck.....
Artificial General Intelligence
Oct 25, 2022 at 06:34
YellowWitty posted:
There is no place for luck in financial markets. Your knowledge is the only thing that will take you ahead. So, always chase for more knowledge.
I completely agree with you, the only parameters for success in Forex is knowledge and practice. Luck is just an escape term which has no role in trading.
Mitglied seit Aug 19, 2022
42 Posts
Oct 28, 2022 at 15:11
It's really very hard work.
Make money with people who know how to make money.
Mitglied seit Oct 01, 2022
51 Posts
Nov 01, 2022 at 14:47
smart people always try to make sure trading result by working hard. this is only difference between general trader and successful trader.
Nov 01, 2022 at 20:31
how hard you "work" means nothing. only thing that makes certain people successful, and others not is their mind-state, and their money management. most people over-leverage, over-trade, and over-expose themselves to the market. why you enter a trade has no bearing on what actually happens afterwards, you're basically guessing(thats why you have a stop loss). having a statistical edge is nice, but most people don't, and rely on indicators that don't work(or even worse using averaging robots) instead of what is actually happening on the chart in front of them.
Jan 05, 2023 at 13:41
no strategy works consistently. "work" doesn't do anything. it's all trade management. why you get in a trade has NO bearing on what actually happens in the market. we are guessing. we are not seers who can predict the future. otherwise, why would we need stoplosses? why wouldn't we just leverage our account to the max every trade, and all be trillionaires? it's because we're guessing. there is no work. use proper money management. gamble responsibly.
Mitglied seit Nov 29, 2022
40 Posts
Jan 06, 2023 at 07:18
Trading success is largely a result of hard work and dedication. This includes educating oneself about the markets, developing a trading plan, and continuously learning and adapting to market conditions.
Jan 10, 2023 at 11:21
I would say hard work without a doubt! I know many traders who blame it on their luck when they happen to lose trades. But the one who has skills will always accept their mistakes no matter what. The willingness to learn from your mistakes is what takes you to success in the end.
Apr 17, 2023 at 12:30
According to me, some traders may experience a few successful trades due to luck, the long-term success in Forex trading is mostly determined by the effort a trader put into understanding the market and developing sound trading strategies.
Mitglied seit Aug 19, 2022
42 Posts
Apr 26, 2023 at 20:07
Hard work and a little bit of luck too
Make money with people who know how to make money.
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