Luck or Hard Work?

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

Akasuki posted:
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.

Trading cannot be done depending on luck. This requires adequate knowledge and skills to be developed. Trading is a myth based on luck.

Sometimes you earn a profit and it’s not because of your analysis, charts, trends or any skill but only by chance. In that moment you may feel, ‘Wow! I got lucky’ but the difference is that it’s a ‘moment’ not your entire career. You can’t be lucky everyday but you can manage your losses well and increase your chances of winning if you work hard.

I think luck does have a role in your success but if you rely completely on luck, then you are turning blind eye to everything else. Luck doesn’t favor anybody forever but skills achieved through hard work will always help a trader to make informed decisions, even in the most unfavorable moments.

Even though you prefer EA trading, I suggest you not to make it your primary trading option. Professional and expert traders have proven EAs and these robots are performing better. Free EAs on internet don’t work well.