Luck is important

Luck is needed but not the case, trading is based on knowledge and skill, and luck has a small portion to get consistent results. It will differ from trading blindly compared to trading-based system trading. Blind trading often loss but not if we can discipline

I think learning, understanding, consistency and practice are important.

For the vast majority of traders, it is not yet time to fight your luck.

As per my experience in forex trading, luck can play a role in the short term, but over the long term, success in forex trading is mostly the result of skill, experience, and good decision-making.

Alyona5 posted:
Forex trading success is dependent on a combination of factors, including market analysis, risk management, discipline, and experience. Luck is not a factor which holds any significance according to me.

So true. Luck is nothing to do with FX success. Those that think so are just gamblers

Traders need luck, yes traders need luck to get a profit from trading because they can't control the price will move up or down, trading is about probability by looking for the best time and price to enter the market. Luck is matter in trading but is accompanied by knowledge and skills, not relying upon luck alone.

Alyona5 posted:
Forex trading success is dependent on a combination of factors, including market analysis, risk management, discipline, and experience. Luck is not a factor which holds any significance according to me.

yes, you're right....for forex trading only knowledge is the key.

Dictiony posted:
Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.

Gambling on casino is about luck. Trading, on the other hand, is about skills.

rubeix posted:
Luck does not plays any role in forex trading, its all about skills.

Even the most skill full trader can get unlucky. If long term win rate is 70% this still is possible to have 30 losing trades in a row and then 70 winning.

Dictiony posted:
Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.

Trading, including Forex trading, is often viewed as a skill-based profession. While luck may play a role in individual trades, it's generally not a reliable or sustainable factor for long-term success. Successful traders tend to rely on strategies, analysis, and risk management rather than luck.

Market Impartiality: The Forex market is impartial and does not favor or discriminate against any specific trader. It operates on the basis of supply and demand, economic fundamentals, geopolitical events, and other factors that influence currency prices. Traders must understand these factors to make informed decisions.

Whitethroat posted:
It's always easier to believe in luck.
I think luck is a sign of skill.

If you want to play with luck in a game for money, I have bad news for you.

Dictiony posted:
Luck is important in our life but as a trader's career is concerned luck has no meaning in traders survival in Forex. The market doesn't know who we are from where we belong too, to know each other trader and market must know each other and the only thing which is very helpful is knowledge and passion for it. The market has opportunities which we as a trader has to know which gate opens and how and that can be accomplished as we have keys to open and enter.

Luck can sometimes play a small role in forex trading, but it's not a reliable strategy. Forex trading is primarily about skill, knowledge, and disciplined risk management. Successful traders rely on analysis, strategies, and a deep understanding of the market rather than counting on luck. While luck may occasionally work in your favor, it's not a sustainable approach for long-term success in the forex market. Stick to well-thought-out trading plans and strategies to increase your chances of consistent profitability.

I think that luck is a result of hard work, years of experience and time. If someone is lucky to get something at the beginning is a kind of disservice. Of course it encourages a person and do not add to experience and to knowledge though.

When trading events like cpi a bit of luck is required , Noone knows where the market will go.