Do You need Luck in Forex ?

All you need is to multiply all the information about the Forex transactions.
You can continue to learn all the basic techniques and advanced on the Internet or from the experiences of seniors Forex Traders who you trust.
In Forex there is no 'cum laude', but it is how you can 'survive' in Forex transaction for better profit return...

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Originally Posted by mayengbam

better analysis of the market is the key to success and the luck factor is negligible. Someone may say luck is very important because all the analysis may go meaningless if a sudden unexpected incident change the market tide. But these may happen very rarely and moreover luck also favours the brave.

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yeah luck factor is negligible. only gamblers and lazy persons see luck factor.real traders will do full analyses and does not consider luck.

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Originally Posted by jalu

in my own opinon i will say this to any body that will like to here me out Gambling is a sin before God who made us.i will never be a Gambola but as for forex is not a sin becuse you will trade with your own money so i will take forex and not Gambling.

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hmm..quite true coz most of trader found doin gambling coz they dont know much abt forex trading..luck is with us but not everytime...its like betting or doin trading without any restraint

I think in the forex business fortune is also in need despite a small luck factor. but most importantly must be disciplined in our trading plan.
good luck keep profit. :happy:

Of course I need it.
Many things are influenced by factors that we do not understand.
But before too look forward to better luck we try first.

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Originally Posted by jalu

in my own opinon i will say this to any body that will like to here me out Gambling is a sin before God who made us.i will never be a Gambola but as for forex is not a sin becuse you will trade with your own money so i will take forex and not Gambling.

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great opinion dude, Instead of wasting time and money its always to invest in a pursuit which will give you knowledge and money. And forex in one best opportunity for us to invest. Here with a modest capital we can do trade with a huge volume which may give us more return than any other conventional business. here luck factor is negligible as i had said earlier also. proper understanding and trading accordingly will bring us good results.

Trading for past few years general awareness , currency market analysis and trading signals helps a lot then simply playing in the market with luck :respect:

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Originally Posted by malik

Some people say luck is needed for success in forex trading. While some believe in forex education and knowledge, and they say only experience, techniques and strategy and trading plane can win in forex trading.

What do you say.............

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forex must be analyzed (fundamental and technical) whereas gambling involves luck factor is greater. When we take a position in a trading ofcourse we will analyze it before either technical analysis (based on previous trade statistics) as well as fundamental analysis (news and economic indicators of a country). Forex can be said to be gambling if we open a position without doing the analysis first

of course we need. but we're a trader not a gambler. gambler is someone who plays with their luck to gain profit and trader is someone who plays with their knowledge to gain profit

luck dont have any basis that we can trust that we have profit..if we going to trade only considering luck than it seems to be foolish action..coz luck dont have base and if we have knowlege and experience than its more affectable tham luck