andisatria Posted February 4, 2013 Share Posted February 4, 2013 a lot of new traders who trade only by relying on luck that they have and it will always make a substantial loss on each trade they did when they were supposed to do to get profit is by trading using a good knowledge because knowledge would be better if we just hope to get lucky 1 Quote Link to comment Share on other sites More sharing options...
gaban Posted February 5, 2013 Share Posted February 5, 2013 We need knowledge about forex if we wanna trade. We can't rely on luck if we wanna get profit consistently and be a successful trading. We can learn from books, forex forums and other sources to get knowledge about forex. And we can start trading in demo after knowing the knowledge. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 5, 2013 Share Posted February 5, 2013 I do not believe in luck or destiny. To earn from Forex trading we have to make efforts to learn about Forex.Greedy people should avoid Forex trading. Learning about Forex and trading on a demo account to gain the much needed practice is important for beginners. Efforts are rewarded and lazyines is punished badly in Forex. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 7, 2013 Share Posted February 7, 2013 We need knowledge about forex if we wanna trade. We can't rely on luck if we wanna get profit consistently and be a successful trading. We can learn from books, forex forums and other sources to get knowledge about forex. And we can start trading in demo after knowing the knowledge. luck is only for gambler , but in forex we still need luck even i think that knowledge also become something that is important for trader,because luck only will make them loss, and i think the possibility to loss only by relying from luck is 99%, so it is better to prefer knowledge, because it will help us to trade Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 7, 2013 Share Posted February 7, 2013 I do not think luck has even a minor part to play in success of trader. Its our knowledge and ahrd work that makes us a good trader. Of course experience also helps to become good in Forex. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 13, 2013 Share Posted February 13, 2013 Well what I know is that in forex if we trade with luck and have the intention of getting something from the luck then we are on the wrong track so the best option is for us to try and learn and keep our knowledge up to date. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 22, 2013 Share Posted February 22, 2013 I do not think luck has even a minor part to play in success of trader. Its our knowledge and ahrd work that makes us a good trader. Of course experience also helps to become good in Forex. they have it , i find out there are some trader that very luck who can get some profit from forex, just in few trades, but that is not for long time, as far as i know that knowledge is something that make us get constant profit from our own investment in forex, if it is only luck i think that won't be last forever. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 15, 2013 Share Posted March 15, 2013 Luck will not always be in the traders. It will be like randomly happen and we don't want to rely on it. Rather to think more of the knowledge and experience to work both in order to achieve better and profitable trading. This works in cycle when we apply our knowledge, we gain experience and new things learned after we trade therefore, knowledge gained. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 21, 2013 Share Posted March 21, 2013 even like that in fact luck help in rare cases, and even bring big profit to few traders , so i still stick that both of them still important but if i forced to choose then i will prefer knowledge, with knowledge i can gain profit even not everyday from my trading. also i think knowledge is good to share in some forex forum to get capitals Quote Link to comment Share on other sites More sharing options...
acunmeswew Posted March 22, 2013 Share Posted March 22, 2013 all it takes is knowledge. if you play it just for gambling luck. Knowledge is very important in forex if you do not want to get the loss Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 24, 2013 Share Posted March 24, 2013 Knowledge and experience works together. I don't see traders need to put their lives in luck as we need to work hard in order to achieve the success in our trading. We need also to remember that the knowledge needs an application not only gaining knowledge but to apply it in our trading in the analysis in most cases and we can also put our instincts and to have other basis of our trades. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 25, 2013 Share Posted March 25, 2013 all it takes is knowledge. if you play it just for gambling luck. Knowledge is very important in forex if you do not want to get the loss knowledge and experience have 99% part in forex, so it will make you like trade not like gambling, you predict market movement but without using "instinct" only but also some aspect that you analyze in market. but luck sometimes give boost even it only have 1% part in forex. Quote Link to comment Share on other sites More sharing options...
chintu Posted March 25, 2013 Share Posted March 25, 2013 Depending on luck is not at all safe in forex because i can say that there are many traders who depend on luck will loos most of the times . It is a known fact that earning with forex is not so easy as we think . Luck will not be in our favor all the time but if you are skills in forex then you can easily make good profits with forex that is real fact about it . Quote Link to comment Share on other sites More sharing options...
gaban Posted March 28, 2013 Share Posted March 28, 2013 luck is only for gambler , but in forex we still need luck even i think that knowledge also become something that is important for trader,because luck only will make them loss, and i think the possibility to loss only by relying from luck is 99%, so it is better to prefer knowledge, because it will help us to trade  Yeah, we still need luck but we should not rely on luck only because Forex is business and we have to treat it as a business not as a game, gambling or something else if we don't wanna lose much money in forex. Quote Link to comment Share on other sites More sharing options...
saiansh23 Posted March 28, 2013 Share Posted March 28, 2013 You have to be experienced enough i dont think if a person who does not have a trading experience of more than 4 years can rely on daily trading I was involved in scalping But now I have move back to position trading and one to two trades a week are good But scalping is a headache tons of hours daily against the screen You are bound to make mistakes and as an elliottician I label the waves on weekends if there is something in it and then only after comfirmations I take trades  thanks for the thread Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 31, 2013 Share Posted March 31, 2013 Well, you should have relevant experience and useful that we understood the market trading not only that because we have spend time here we will going to achieve of having use of the experience to be another knowledge about our trades. I don't consider luck much on trading but it will happen to us also but don't ever rely on it. The important is the knowledge from our experience. Quote Link to comment Share on other sites More sharing options...
takiya_ Posted April 2, 2013 Share Posted April 2, 2013 I agree with your opinion, because it's in the forex business can not rely on luck, because you must use the knowledge of good, if the trade for traders still forced to rely on luck I guess without knowing forex losses will be found, there would be no profit. Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted April 3, 2013 Share Posted April 3, 2013 The term luck is an imaginary or illusory object that can't be substantiated in true investment like forex. Luck is rather a backbone of the gambler who by greed has tamed his mind and alienated it from objective reasoning. Luck has no place in forex. Quote Link to comment Share on other sites More sharing options...
Hunter Posted April 4, 2013 Share Posted April 4, 2013 The term luck is an imaginary or illusory object that can't be substantiated in true investment like forex. Luck is rather a backbone of the gambler who by greed has tamed his mind and alienated it from objective reasoning. Luck has no place in forex. Â Agree with that, when we plan and trade we shouldn't offer even a bit of a time for luck based thinking because it can hurt our planning badly in my opinion. It's a serious business and these businesses need quality planning and researches, not some kind of luck expectations. Thinking about luck will only hurt us. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 4, 2013 Share Posted April 4, 2013 if we wanna trade, we have to knowledge so we will get experience and skills after trying to learn trading. And luck will not make us to be a successful trading, because successful or not, it depend on our effort. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted April 4, 2013 Share Posted April 4, 2013 if you are a newbie then we can only benefit by luck that we have because we are still trading like a gambling that rely on luck alone, but with the knowledge that we have in forex trading will result in a consistent fortune on every trade we do and we can also avoid the risk of which will occur in forex trading Quote Link to comment Share on other sites More sharing options...
pepy Posted April 6, 2013 Share Posted April 6, 2013 if you are a newbie then we can only benefit by luck that we have because we are still trading like a gambling that rely on luck alone, but with the knowledge that we have in forex trading will result in a consistent fortune on every trade we do and we can also avoid the risk of which will occur in forex trading If you are newbie and only rely on luck, you will loss your money sooner, i don't mean to scare but rely only with luck will never give you any benefit. As newbie, you need to trade in forex and gain experience, also the most important thing is Learn from your experience. It is not the fastest way but the most efficient way. Quote Link to comment Share on other sites More sharing options...
bangcool Posted April 7, 2013 Share Posted April 7, 2013 I didn't believe in luck. In forex, I only believe in how we improve our skill and experience. The more knowledge and experience we got, it will be better. Luck can't be learned. That why I will never count luck in my trading activity. also when we depend our trade in luck only, I'm really sure we will only have hope in rtading, not good analysis. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted April 8, 2013 Share Posted April 8, 2013 If we are just depends on the technicalities and then, we might be able to find the best chance to focus on our trading strategy. But does not mean that if we have good analysis it will be profits already stick just like luck you can't foretell if this is will help us. Knowledge can be powerful if we use it properly without affecting or involving our emotions. Quote Link to comment Share on other sites More sharing options...
luke1 Posted April 8, 2013 Share Posted April 8, 2013 We have to know, forex is not gambling. But, we can make everything as the gambling thing. Not even forex, but every single thing in our life. So, this is not good if we have a little knowledge in forex, then we make the decision in forex by using our luck. We hope we are in the good luck. There is no way we can do that Quote Link to comment Share on other sites More sharing options...
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