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No one should depend upon luck

Karlos Fandango (Smith2525)
Oct 25 2021 at 00:17
posts 79
Michihito posted:
No one should depend upon luck in trading. You can be fortunate one or a couple of times. Regardless, You genuinely do need to understand what you're doing. It's the unfaltering work that finally pays off. If you do reliable work in right way, you will get accomplishment.


Irish people would disagree... All you need is a four leafed clover

Cordardred (Cordardred)
Oct 26 2021 at 13:39
posts 23
In my opinion, this should be the main statement of traders, because all of the novices prefer to rely on luck, while it's strictly prohibited in trading. If you will depend upon luck, you will stop to think and analyze all the actions on the market. So, I would advice beginners never rely on luck, because it's unpredictable. You can predict whether a trend will change its direction or not, but you can't predict will you b lucky or not. The main distinguishing trait of trading from gambling, is that in gambling everything depends on luck, there are no systems at all, while trading is full of system.

Tradextol
Oct 29 2021 at 03:54
posts 57
Luck has a temporary place in any kind of market because it is a mere coincidence. Forex trading is a risky endeavor, and if you want to be a profitable trader, there is no route other than studying the market carefully.

billysnyder
Oct 29 2021 at 04:17
posts 69
Forex trading cannot be done without a clear and well-thought definition of one's goals and objectives. Forex trading is undoubtedly the most profitable, but it requires some knowledge and work.

brianna
Nov 02 2021 at 05:33
posts 26
Absolutely, luck is not a part of successful trading. A trader who makes use of luck may be successful for short periods of time, but he will never achieve long-term success by depending upon luck.

Akasuki
Nov 02 2021 at 13:18
posts 441
@brianna Exactly. Luck can work in one trade 2 trades or sometimes few more. But if a person doesn't have the skills and mindset for success, he will eventually lose all the money.

croisssan
Nov 02 2021 at 14:14
posts 627
As for me, for a trader such things should be clear and questions should not have arisen.

jonathandaniel
Nov 03 2021 at 04:42
posts 53
Forex trading is not a luck game because it's not gambling. You need to be educated enough to understand its strategies and market patterns. It’s all about how you learn about forex trading and then implement that learning while trading.

Akasuki
Nov 04 2021 at 13:42
posts 441
@jonathandaniel Yes there is no option for luck. Luck can't favour us in every trade if we not have skills. It's the skills that bring luck. Not the other way around.

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