What you will choose luck or knowledge?

[Shing1985]

If you are new in Forex then you need to have good knowldge as well as luck. But you can not always depend on luck and you must learn the basics of forex and have good knowldge and skills. There are a lot of material available on the internet to learn Forex and also you can watch youtube videos related to Forex.

 

[Spellweaver]

It has already been concluded that a lot of beginner forex traders end up failing in forex trading because they do not take time to learn as they should and that is the whole truth and nothing else. Anyone that decides to trade with luck is headed to a dead end. It is better to not take such risks.

 

[Electric Rainbow]

So if you believe that trading depends on luck, I have a message for you: You know nothing about trading or luck. Luck means randomness. And trading is all about edge, which by definition means a non-random probability distribution. This, you do understand, because you're regularly at the wrong end of it at the casino.

 

[Ishnnis]

I choose knowledge over luck any day becuase I know that knowledge is very important than anything else. If you take a look at all those successful traders then you will relaise that they did not become who they are because of luck but because of the knowledge that they have.

 

[Gravelwing]

It is pretty much like forex trading is about luck but it is not true in a way because there is so much mroe to it than we think. If you do not have knowldege in forex then you have already failed because that is the way to go. Those traders that have been successful through luck were just lucky and luck is not for everyone.

 

[Nihuginn]

Luck is of course great.
But I probably cannot count on it in serious business.

 

[FXOpen Trader]

Luck is of course great.
But I probably cannot count on it in serious business.

We cannot depend on just Luck in our trading and we have to make efforts in learning about the Market Trends.

If we will just depend on the Luck then almost 90% of the time you will fail and get losses in your trading. If you will use your trading skills and knowledge then you stand to gain more than 50% of the winning trades.

 

[Blackkiller]

Every trader strives to feel confident and successful, which is based solely on knowledge, experience and analysis of the situation. So stop turning business into a game.

 

[FXOpen Trader]

Every trader strives to feel confident and successful, which is based solely on knowledge, experience and analysis of the situation. So stop turning business into a game.

Forex trading requires a lot of Trading skills and those skills are developed over a period of time. We have to understand that if we will use our Knowledge and Experience then we can be come a successful Forex Trader.

 

[sunar14]

we can't always rely on knowledge because it tells us that we have to set reasonable goal targets. Basically it rules out opportunity to profit from once-in-a-lifetime opportunities like BTC. Many told us that it's bubble and an intelligent person would stay away from it, but those who invested dumbly or trying their luck made a fortune!