Does Luck have anything to do with Forex Trading

[Firtan]

Naturally, there are times when it seems that only luck saved us, but forex and luck are absolutely incompatible.

 

[Fisharet]

this is a mistake of many beginners. many people who come to forex hope not for themselves but for luck, because they think that this is a kind of gambling.

 

[mrindice]

I think luck plays important role in trading because many traders who traded in decade-long bull markets made their substantial profits because there were constant inflows of buyers and trend following was fairly easy. It was sufficient to adhere to some very general and fairly simple risk management rules to maintain positive returns.

 

[Electric Rainbow]

It is advised not to be dependent on luck, rather work on your skills and knowledge to earn maximum profit from the invested capital.

 

[Shing1985]

Luck doesn’t work in Forex. Skill is the only thing you can use to succeed. Also experience play important role in Forex and it makes you perfect to control your emotions and make a good money in Forex.

 

[Spellweaver]

We all know what forex trading is about. Let me expalin it like this. It is just a graph where we have to predict the direction that it will flow in.You have to determine whether it will rise or go down. You also plot a poin of which for as long as the leel does not fall below it then you eran money. That is the simplified version of forex. It is just a matter of luck.

 

[Rexscar]

Luck can play an important role in forex. We all keep on talking about how important knowledge i forex is but when it comes to predctions while trading then that knowledge is not that important. Sometimes it is a matter of how good you are at making predictions and some people are very good at it by just guessing accurately.

 

[Landa]

If you have heard of beginners luck then you have to know that it applies everywhere. There are some traders that when they hear about forex jump straight into it blindly. They try in their demo account for a single day then they begin trading and to their suprise they gain a lot of profit without ever losing.

 

[Nihuginn]

I don't think luck will help you close the deal successfully much. Nah, you shouldn't throw it away completely, either. Luck doesn't stand out for nothing even in computer games (look at least for Fallout and it's S.P.E.C.I.A.L. parameters, where L means lucky). I've heard from a few people on forums that they were very lucky in deals and the market seemed to be adjusting to them. Of course, to be a good trader you need to know a lot of things, but for a professional trader, luck wouldn't hurt. Just don't rely on it

 

[Blackfont]

Yes it does. Forex trading is like a gamble to some people. When I first joined is when I realised this. I traded in a demo account with no knowledge at all. I made some losses and winning but in the end I actually got more monety without even knowing anything. That was just a demo account though. I wish it had been real.