Luck or Hard Work?

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!

LucianVince posted:
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!

Exactly, if the trader succeeds, it is based on his hard work. Success is never achieved by relying on luck.

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.

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.

I also think luck tends to be an event or a few events. Anyone can get a lucky result but that's not good trading. Trading rewards consistency and consistency is achieved through hard work.

Definitely 'Luck'. But you make your own luck through hard work. So both.

'Chance favors only the prepared mind.'

                     Louis Pasteur (1822-1895)
                     Inventor of Vaccination

cgasucks posted:
'Chance favors only the prepared mind.'

                     Louis Pasteur (1822-1895)
                     Inventor of Vaccination

Love this, its so true you put yourself in the right place, prepared you will succeed

GraceGilm posted:

KarenJacques posted:
Definitely 'Luck'. But you make your own luck through hard work. So both.

you cannot completely rely only on luck, this is a very bad option for working with such investments

I did say both. Notice how I put luck in quotes? The point I was trying to make is that for the most part people think luck is really good things happening to random people at random. It is not. You make your own luck. Moreover if you aren't working hard, when fortune smiles on you you'll likely not be in a position to seize the opportunity.

Luck and hard work are both necessary in order to be successful in forex trading. While some people may believe that luck is the only thing needed, this is not the case. Trading forex successfully requires a great deal of hard work in order to learn the ropes and understand the market.

traderjakelong posted:
Luck and hard work are both necessary in order to be successful in forex trading. While some people may believe that luck is the only thing needed, this is not the case. Trading forex successfully requires a great deal of hard work in order to learn the ropes and understand the market.

Well, I think luck works for a short period of time while hard work will always help in making the trading profitable.

Trading has nothing to do with luck. A successful trade is purely the result of hard work and the understanding of the forex market.

According to me, in trading only one thing works which is hard work, luck will not benefit everytime.

I would say a little bit of both. But it is mostly hard work. If you have the right skills, then you can easily make profits from forex.

Forex trading is all about hard work, discipline, and determination. Many people believe that success in forex trading comes down to luck, but this is not the truth. Forex traders who achieve great success all have one thing in common: hard work.

it depends on your trading situation , sometimes our luck supports no way to deny but of course we have to keep moving always in trading life as well real life.

Basically, greedy Forex traders depend on their luck! On the other hand, well-skilled Forex traders depend on their trading skills and trading experience!

In simple words don't rely on luck. Have a trading plan with which you can bring positive pips consistently. Let luck play it's part.

it's very good topic which is more important, there is nothing 100% in Forex trading , so we the traders sometimes have to depend on luck