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Luck is important

Apr 09, 2020 at 05:40
Przeglądane 4,186
164 Replies
Uczestnik z Sep 06, 2022   26 postów
Sep 30, 2022 at 12:23
There is no need for luck in the forex market. If luck were involved in forex, only a select few would win. But that is not so; those who trade with the right strategies and mindset win. Luck has no role to play in the forex market; it is mostly mumbo-jumbo that has made everyone think that way.
Uczestnik z Aug 03, 2022   25 postów
Oct 17, 2022 at 05:36
Sometimes we end up making good trading decisions by mistake and call it luck. However, luck cannot favour us forever when it comes to forex trading. We need to work on our skills and strategy for long term success. Losses are inevitable sometimes but we should never leave our trades to our luck. Because that will make it look like we have no control over our wins and losses as a forex trader.
Uczestnik z Feb 15, 2022   219 postów
Oct 17, 2022 at 18:40
Fundamental viewpoints over the market are necessary for traders because technical viewpoints sometimes fail to provide traders with the market signal.
Suradi (FXOday)
Uczestnik z Apr 03, 2021   470 postów
Oct 26, 2022 at 23:16
Forex trading is a speculative investment, and luck also has a role here, however in trading we can't only rely upon luck alone, here we learn to analyze the market-based support resistance, using chart patterns to predict the price ahead, sometimes we need speed to open and close order, it is not pure relying upon luck.
Uczestnik z Oct 27, 2022   17 postów
Oct 28, 2022 at 12:08
I agree! Trading is not a game of chance. Successful traders find ways to remove luck from their trades and employ trading techniques that increase their chances of success.
Uczestnik z Oct 04, 2022   15 postów
Oct 31, 2022 at 11:19
I don’t think so because even luck runs out after 2-3 times. It’s your knowledge that decides the trajectory of your trading journey and success
Uczestnik z Sep 13, 2022   8 postów
Nov 03, 2022 at 05:53
I would disagree with OP here. Luck will never be a huge part of your trading success. Based on my experience, luck plays a little to no role in your long term success as a forex trader. One who believes in luck based trading is setting themselves up for failure only. Just focus on learning and work towards your goals. That is the only thing you need to do for profitable trading.
Uczestnik z Oct 27, 2022   27 postów
Nov 05, 2022 at 08:34
It is not about luck. Knowledge and daily market analysis are important and a proper trading plan is important to trade effectively.
Suradi (FXOday)
Uczestnik z Apr 03, 2021   470 postów
Nov 17, 2022 at 23:30
Indeed traders also need luck, however, traders can't rely upon luck, they must rely upon knowledge and skills to make closer to luck. Traders also need discipline although discipline can't guarantee success, however no success without discipline.
Uczestnik z Nov 15, 2022   24 postów
Nov 21, 2022 at 11:54
I do not believe that there is anything like luck in trading. It's the game about skills and abilities.
Uczestnik z Nov 21, 2022   9 postów
Nov 21, 2022 at 16:45
Luck is so important. There are scammers and bad strategies online and it is only luck that they are avoided and a good strategy found. If you have a good strategy then luck is less important
Uczestnik z Nov 25, 2022   7 postów
Nov 25, 2022 at 06:06
I would say good luck and hard work go hand in hand. For trading, you should have good knowledge and to use it in the right way, and strategies along with good luck make you in a position to earn well.
Uczestnik z Feb 15, 2022   219 postów
Nov 26, 2022 at 13:30
We are good traders when we are able to follow risk management strategy properly. A well-defined risk management policy can make your trading melodious for you.
Danny Gilbert (Whitethroat)
Uczestnik z Aug 04, 2021   30 postów
Nov 29, 2022 at 03:21
Sometimes I think Forex is divided into traders and investors.
If you don't know how to trade, you always have another choice.
Movement is life
Uczestnik z Feb 15, 2022   219 postów
Nov 30, 2022 at 06:37
Crucial situation sometimes gets on traders’ nerves, which leads to losses. Another reason for losing can be lack of trading analysis and wrong analysis.
Uczestnik z Feb 15, 2022   219 postów
Dec 03, 2022 at 05:04
Hedging is a technique of trading but it keeps a trader in a dilemma. Personally, I don’t like hedging indeed.
Uczestnik z Jul 23, 2020   869 postów
Dec 03, 2022 at 10:38
Reducing the number of losses that a trader usually suffer is the cardinal challenge faced by every trader.
Uczestnik z Mar 31, 2021   217 postów
Dec 06, 2022 at 13:26
trickexist1 posted:
Luck is so important. There are scammers and bad strategies online and it is only luck that they are avoided and a good strategy found. If you have a good strategy then luck is less important

I would say if you have bad strategy (for me is equal no strategy) then even luck will not help you. 😄😄
Think thrice before opening an order
Uczestnik z May 13, 2022   34 postów
Dec 14, 2022 at 10:57
Luck is no saviour. Understanding this truth saves traders from a myriad of delusions. If everything is mismanaged, luck is useless. If you take the right steps, success will be yours, and people will call you lucky, but it is actually hard work and not luck that makes you successful.
Ytilaer J Law (SewCoin)
Uczestnik z Dec 01, 2022   15 postów
Dec 14, 2022 at 22:04
Well Said
Five Hundred A Day, Will Take The Pain Away,
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