Do You need Luck in Forex ?

[kazamonsif]

Yes ... agree ..
luck is important part of forex trading ....... but only 1% to 99% success factor.
1% luck .... 50% the ability to read market trends ..... 49% knowledge on how to enter and when to exit the market.

can not trade solely by chance and can not throw coin to make a voluntary decision to buy or sell.

if my luck is not good, I use SL to reduce bad luck.

[dinames]

Not always need luck in trading foreign exchange. Now Forex uses the tools of financial analysis in order to find out how active the market in terms of volume or value of the currency circulating in the market., And also to know the price of foreign exchange and after the trader can cash to enter without fear of risk. Now Forex is the science before the game.

[deep]

Luck may give you profits more than two times, but that is not the issue. The issue with luck is that it fails you when you least expect and when you have become quite confident with gambling. It is always better to rely on knowledge because that way you will be able to determine how market price will go and reduce your losses by closing the potentially bad trades early.

[red.ta]

i think that luck is need for all business. for trading luck is also need. in other side knowledge is most important for trading. if we maintain discipline and have good knowledge about trading success is waiting for me. for trading not only luck but also experience.

[tarun2305]

I also want to make a lot of money in forex but I think the key is patience. If we are patience, we will earn plent of money. Also have good money management strategy. That is the way. Then trade in demo like me for a long time. I am still trading major in demo now. and i dont need luck in trading

[sharif]

Yes I agree that beside having vast knowledge on trading and experience luck is also a requirement for trading good in Forex.

[syphertob]

we should always open a position based on the analysis. i need the necessary expertise in the application on the chart so you can profit . rather than trading like gambling, just wait luck come to us.

[kalponick]

Nobody can control or modify his luck.. Not in forex and also not in his life.. So we should not bother to improve our luck... Only good analysis works here.. If your strategy is strong enough then you can truly predict the moves of this market rightly in most of the time..

[Razu]

some people belief luck. But i don't belief luck.Fundamental and technical analysis is the key of success. I do all time trade analysis. Technical analysis is very important for profit.

[boniez]

If we only depend our trading basically on luck factor then we will not be able to be a succesfull trader in the long period of trading, but if we can make a good analysis in every open position thats we make we will succed in this bussines in the long period of time

you're right that we will not be able to consistently profit if it depends only on Luci and unless we take some effort and hard work to be able to generate consistent profits which all must be balanced with a trading strategy