No one should depend upon luck

Dec 27, 2020 at 07:04
2,033 Views
27 Replies
Member Since Oct 19, 2021   18 posts
Oct 22, 2021 at 07:52
Traders must understand that beginner's luck is not gonna help in the longer run.
Member Since Dec 09, 2013   139 posts
Oct 22, 2021 at 17:39
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.
Member Since Jul 20, 2020   399 posts
Oct 24, 2021 at 16:49
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
Member Since Mar 15, 2019   82 posts
Oct 25, 2021 at 00:17
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
All or nothing
Member Since Jun 16, 2020   57 posts
Oct 29, 2021 at 03:54
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.
Member Since Mar 28, 2021   617 posts
Nov 02, 2021 at 13:18
@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.
Member Since Feb 20, 2021   53 posts
Nov 03, 2021 at 04:42
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.
Member Since Mar 28, 2021   617 posts
Nov 04, 2021 at 13:42
@jonathandaniel Yes there is no option for luck. Luck can't favour us in every trade if we not have skills. It's the skills that bring luck. Not the other way around.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.