Play your Role As a Trader and Forget about Luck

[ali200]

Many a time, you hear traders repeatedly place unnecessary emphasis on luck in trading. But one thing is clear about this, luck cannot be applied in trading. it has nothing to do with trading analysis, discipline, emotion, risk management in forex.

let us just play our role as a trader and leave out luck. if luck exist fine if it does not fine.

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[mak123]

Agree with the thread. its all about your hard work and dedication.. luck does matters but only 20% rest 80% is all your hard work.

[Saul12]

I agree, forex has nothing to do with luck and everything to do with market analysis.

[mak123]

when we work hard honestly and sincerity with full dedication we definitely get succeed as our hardwork never get useless, if we work good then our luck also works for sure.

[Tanzil Al Banna]

Luck is noting here, understanding market flow and context is the main pillar of success. Professional Forex traders don’t care about their luck and they open their trades in order to their trading knowledge and experience and they succeed. That’s way, I use professional live market analysis of TradingBanks, I am earning and learning from this reliable source of market analysis.

[usok]

if you rely on luck and prayrs only when trading then basically thats gambling, but if you trade based on actual analysis and let luck be an added factor then you are trading, I had to learn the hard way with my hotforex account, till i got it right, its ok to make mistakes, but its better to learn from others mistakes and do it right

[uncle gober]

All businesses must have constraints and many people fail. but if we are serious about living and disciplined with what we learned then God will help his servants who want to try and really really in business through this forex trading

[William Weir]

Yeah, it’s absolutely vital that we focus on playing our part right because only then we will be able to gain most. I never really worry about luck because I always focus on my ability especially through education and experience, it’s really how I am able to achieve profits and been able to succeed. I do consider myself slightly lucky because I am trading with OctaFX broker, it’s awesome with having superb conditions to work with especially small spreads from 0.1 pips while they also have zero balance protection, swap free account, instant payments plus much more, it’s the reason why I enjoy it so much working with them and it allows me to perform really well and able to achieve good results.

[uncle gober]

grindstones trading skills that we are more diligent and disciplined through the means provided, one of which is the practice of trading using a demo account, will make us more able to master the forex trading business optimally. in TICKMILL, now I try to tap the best possible demo account to practice trading.

[Marty Landry]

Yeah, it’s fairly simple thing only, but only people complicate it. We need to be clear on this that luck is not something for controlling, so we should be least worried about it. I believe we should focus on good strategy and method, if we have that then we are likely to do well with luck or without it and that should be the main point for us to look at. I always do that and due to good strategy, I never need to worry about luck at all. I do feel tad lucky due to OctaFX, as they are brilliant by all measurements to do with their low spreads, high leverage, bonuses and best of all is their rebate program where I can get up to 15 dollars per lot size trade even on losing one.

[Simon Davis]

This is fairly easy thing to say, but it’s only possible when we have enough education and experience. I am fairly lucky to be with FP Markets, as they have excellent educational guidance which teaches us about the importance of skills and ability rather than luck. They even have regularly Webinars happening like yesterday there was Fibonacci Webinar which I attended and it was just awesome, so with them I know that with ability, I can achieve ANYTHING! I am grateful to such mighty company for offering such luxuries.

[ForexMartTrader]

Those trader depends on luck alone during forex trading are worse than gamblers because they are doomed to failure. Though a trader may not correctly predict price direction all the time in the currency market, applying skills and experience can enable you to enter profitable trades most of the time.