Luck is important

I agree, trading needs skills and strong technical analysis. If that works fine you can relate it to luck then.

I don't think that forex trading is based on luck, it actually requires sufficient forex knowledge in order to get profits.

Relatable! Luck is dependent on the efforts we are making for the trading.

Well I can't personally agree that luck is important. In my opinion, importance of luck is overestimated in trading activity. Of course, sometimes we can tell that we were lucky, when we accidentally opened wrong position and it brough us profits, nevertheless traders have to appeal to logic, analyze and their cognitive abilities. Luck is considered to be something that one day might turn trading activity for you into gambling. You will rely only on luck and you will forget about the importance of analyzing, creating and exploring. In my opinion, it's the worst thing might ever happen to trading activity. Traders have to stay very attentive.

Well, luck is important for those traders who don't have enough knowledge. Surely, shit happens on the markets but a trader always needs to secure his budget from occasional fluctuations.

you can depend on luck but of course after having most powerful analyzing trading knowledge , otherwise it could be a dangerous issue.

Even for you to be lucky, you have to put in some effort. Luck doesn’t work on its own. You have to learn, practice, analyse your trades. You just can’t expect to make profits by entering or exiting any trade without any strategy or logic. Moreover, if you rely on luck completely you can never learn to trade profitably and when luck will leave your side you’ll lose all your profits by making wrong moves.

Luck is just opportunity meeting preparation.

luck is important besides good knowledge and experience , sometimes we have no way to depend on luck , its natural

I know its a cliché but luck is when opportunity meets preparedness and no amount of luck will help you be consistent in this game

It's impossible to say that luck is more important than experience because both play an important role in what you do. You will not be successful in forex if you have sufficient experience and enhanced your trading skills but poor luck, at the same time if you are lucky but lack experience, your performance in forex will be unsatisfactory, so these both of the things play their roles but in my opinion your experience is more important.

luck is really important in trading life as well in a real life. no way to deny

Chance is very important but not decisive

luck is really complicated issue , you cant change it but of course you can work and which is really important.

How is this even a thread on myfxbook. Of course luck isn't important. You cannot reply on luck to make you money. If you believe that just get a lottery ticket

It really comes down to your decisions, but I often wish other traders luck regardless. Some may believe in it and others don't, but I do think luck comes more into play with gambling.

Luck is secondary. The primary thing to focus upon is skills.

I don’t think that luck is important while trading. It could only be a few trades where you could benefit due to luck. All the other times, it is the experience and skills that make you profit.

frandunn posted:
I don’t think that luck is important while trading. It could only be a few trades where you could benefit due to luck. All the other times, it is the experience and skills that make you profit.

I agree with you, luck can work but not every time, only knowledge and experience will help one to excel in forex trading.