You don't understand a specific financial term ? Visit our Forex glossary
Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Luck and Hope

  1. #1
    Rambo35 is offline Senior Member
    Join Date
    May 2013
    Posts
    176

    Default Luck and Hope

    A lot of new traders tend to rely on luck and hope when they trade rather than discipline and patience. Luck and hope have no place in a successful trading plan if your aim is to generate profits on a consistent base. The sooner a new trader understands that placing a trade based on hope that it will move in the desired direction hoping to get lucky is a great strategy to move a portfolio in the opposite direction, the sooner a trader can start to develop the correct skill set.

    In theory it does not sound much, but as statistics show 98% of all traders will fail at trading which speaks volumes. A lot of traders tend to subscribe to the wrong trading approach or fail to understand and implement a good trading approach.

  2. #2
    uncle gober is offline Banned
    Join Date
    Apr 2013
    Posts
    384

    Default

    We must understand that the knowledge and skills needed to be able to get maximum profit and consistent in forex trading. We can not count on luck to get profit and forex trading is different from a gambling. If we only rely on luck, we will only waste our money in vain. We need good money management to maximize our capital to get maximum result.

  3. #3
    Join Date
    May 2013
    Posts
    94

    Default

    We can hope for best results with our experienced and skillled trading . Luck not matter in forex it is just our thinking luck can make us millionaire . I do believe on trading ability of a trader. here good investment plays an important role . We can take some risk and hope it will make profits.
    Master Forex ║ bonus up to 75% ║Minimum deposit $1 ║Swap free trading

  4. #4
    seekforex is offline Senior Member
    Join Date
    Jul 2012
    Posts
    389

    Default

    forex is the business of skills not luck maybe involve some percent of luck but forex is skills and knowledge business if you have skills and knowledge you get which is your desires .




    http://www.forex-metal.com/affiliate/46199/2

  5. #5
    gaban is offline Banned
    Join Date
    Apr 2013
    Location
    instaforex
    Posts
    872

    Default

    Forex trading can be a gambling if we just rely on luck. We need to learn to get knowledge of trading, forex trading is a business that requires the ability to analyze and minimize risk. Because however also, a trader should be able to minimize the risk that would be acceptable if we want to get profit. And we can also improve our trading skills by practicing and practicing.

  6. #6
    shere0901 is offline Senior Member
    Join Date
    Sep 2012
    Posts
    158

    Default

    sometime we need this factor so much in our trading, especially when we have no option to do during the loss of opposite keep moving. And the factor of luck sometime make money so easy in forex trading even it work not everyday to our trading.

  7. #7
    UMOFX IB is offline Member
    Join Date
    Mar 2013
    Posts
    92

    Default

    In Forex we will be successful only if we able to learn properly and increase our knowledge and experience so it will help the trader to trade more efficiently. Trader should never b hopeless from trading because profit and loss is the part of every business and by making some good strategies we can generate reasonable profit from Forex.
    Luck is also a good element for many traders but it is necessary that trader should not totally depend on the luck because luck does not give always success but proper knowledge and experience helps better than depending to rely on luck.

  8. #8
    gaban is offline Banned
    Join Date
    Apr 2013
    Location
    instaforex
    Posts
    872

    Default

    Quote Originally Posted by UMOFX IB View Post
    In Forex we will be successful only if we able to learn properly and increase our knowledge and experience so it will help the trader to trade more efficiently. Trader should never b hopeless from trading because profit and loss is the part of every business and by making some good strategies we can generate reasonable profit from Forex.
    Luck is also a good element for many traders but it is necessary that trader should not totally depend on the luck because luck does not give always success but proper knowledge and experience helps better than depending to rely on luck.
    good advice, indeed loss and profit is part of the forex, and we must accept it. when we get a loss we must keep the spirit to be able to make a profit. And luck is only 1% of forex trading activities. While 99% is a hard work.

  9. #9
    UMOFX AIR is offline Member
    Join Date
    Feb 2014
    Posts
    35

    Default

    Only luck and hope does not works for profits we have to develop skills for trading experience to manage account according to the market conditions,Be hopeful but with practical steps as use security tools to avoid loss. Set your possible goals that are easy to achieve.

  10. #10
    gaban is offline Banned
    Join Date
    Apr 2013
    Location
    instaforex
    Posts
    872

    Default

    if you want to succeed in forex trading then you should not depend on luck trading. you have to work hard to pass up trading analysis so that you can get profit from forex.

Page 1 of 2 12 LastLast

Similar Threads

  1. USD: Good Luck Mr. Powell
    By DanielH in forum Events
    Replies: 0
    Last Post: 07-23-2018, 01:11 PM
  2. Luck or Hardworking in Forex?
    By shere0901 in forum Online Forex Trading
    Replies: 41
    Last Post: 09-18-2017, 08:08 PM
  3. Never Depend on your luck all time...
    By mdenamul in forum Online Forex Trading
    Replies: 6
    Last Post: 06-18-2013, 06:08 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0