Do You need Luck in Forex ?

[dmambi]

One should think that there is not Luck like thing in life and prepare himself for the worst to come in Forex trading. Only hard work in learning and trying new things in trading can help us to make profit, Luck only can help us once or twice but not always.

[ishvara]

I am not very lucky, but my assessments are correct most of the times and the only thing that works well for me is that I should not carry anything overnight. so I prefer to take some profits everyday home and catch the next day's trend later and then work on it.

You can never be lucky while you are trading fore because luck is never a part of forex. If you want to see your trading skills improve, then you must be prepared to learn forex trading to the fullest.

[nilesh]

i think 100% luck aur 100% trading streategy chahiye. yaneki jab luck work nahi karega tab treading streategy work karegi. LUCK is a factor but stop loss use kiya to uski jaroorat nahi padti.

[Morshedul]

With the basic knowledge and experience about forex, it is very necessary to favor your luck to get a success. Because if your luck do not favor you, then you can lose huge money. But if you are an expert or a professional trader, that is the different issue. For a beginner, luck is very important matter in forex. To me, luck is applicable only for profits. Because if you have experience in forex, then you will not suffer loss.

[shinde]

Yes you are right but in the forex market at any time there may be strong reversal from any position at that time support and resistances do not work. At that time we need luck, as we are not able to retain the profit or stop loss get triggered.

[arihant]

If you study well before placing the position in the forex market then you will get rewarded for that after some time. If you do well technical as well as fundamental analysis before placement of trade then your luck ultimately follow you at that time.

[pooja]

We need to believe in hard work and continuous learning. If we will work hard luck will also follow us. But if we try to trade on the bass of luck we will fail to find any thing from the market.

[pooja]

Yes the luck is secondary factor in forex trading and primary factor is your skills, knowledge and hard work. If you will do better in primary stage the secondary will be automatically in your favor.

[nilesh]

I believe in Knowledge skills and education of Forex. Luck is needed in gambling in Forex is not like gambling. Who thinks luck is needed surely he has no knowledge and he is trading thinking like it is gambling.

[arihant]

of course, but we should not always depend on luck. if we have good knowledge, good education, good analysis, a lot of experience but we don't have a luck,but sometime you should luck and sometime not.