No one should depend upon luck

Traders must understand that beginner's luck is not gonna help in the longer run.

I truly believe luck does not have that much to do with Forex trading. It mainly depends on our skill, discipline, and patience. Not being a genuine trader, someone may make profit from 2/3 trades, but at the end of the day, he will lose them all. If you want to call those 2/3 profit trades by luck, you are right. Do not forget the end result though, where he would lose all of it.

RobSchiz posted:

skihav posted:
Very true. Even experienced traders sometimes can not control themselves, and it is commonplace to lose money.

Luck matters. but the main thing is proper knowledge.

Luck doesnt matter at all. It isnt gambling if you have an edge and follow rules you will be successful

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

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.

@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.

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.