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Thread: Trading Luck

  1. #1
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    Trading Luck

    Hello Everyone,

    I don't believe in traders being lucky, but there is a kind of luck which exist in forex trading and knowing some couple things and putting them to our trading account can give to us everlasting luck.


    . Hardwork : There is a quote by the greatest called Muhammed Ali
    I hated every minute of training, but I said, 'Don't quit. Suffer now and live the rest of your life as a champion.'
    That quote also applies to the way we trade in forex. Because if you choose to work hard today, learning and keeping to trading rules, risk and money management, you will experience some hard time but you will live the rest of your life a successful trader. So work hard and learn.

    . Discipline: This plays a vital role in how you trade, because, if you are not disciplined, nothing will work for you, you can't stick to money and risk management, you can't even stick to one trading strategy. I think discipline should be the first thing attainable by trader who wants the trader's luck. An indiscipline trader don't make use of stoploss hence they get Margin call every now and then

    In summary, if any of us wishes to be a lucky trader, DISCIPLINE and HARD work are the essential tool needed for such.

    Do you agree with me?

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  2. #11
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    I don't believe in luck so for trading being luck some times I don't believe in it before one can make stable income in this trade he/she must understand how to trade forex very well there is nothing like luck in this trade we must have better understanding concerning this trade before we can be successful in trading.

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  3. #12
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    Quote Originally Posted by Kelv View Post
    I don't believe in luck so for trading being luck some times I don't believe in it before one can make stable income in this trade he/she must understand how to trade forex very well there is nothing like luck in this trade we must have better understanding concerning this trade before we can be successful in trading.
    I think the thread is no all about the common luck we think about, but it is more about the luck which hard work and consistent improvement could be and also being disciplined with our trading strategy as well can bring such luck. With that been said , I don't believe in luck, but I know something for sure, which is the hard working trader gets profits at all times and that is considered as luck as well.

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  4. #13
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    Quote Originally Posted by D'mastermind View Post
    I think the thread is no all about the common luck we think about, but it is more about the luck which hard work and consistent improvement could be and also being disciplined with our trading strategy as well can bring such luck. With that been said , I don't believe in luck, but I know something for sure, which is the hard working trader gets profits at all times and that is considered as luck as well.
    We need good efforts with luck in this way we have success we always need a trading strategy on which based we make perfect trade we need a proper system by going through we find the track for success , luck is more supporting those who are real hard worker and want to get success .

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  5. #14
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    In my opinion this is not any trading at all because the expert and the professionals do not teach you anything like that in fact I have read a lot about the forex market and I have read the experiences of the successful traders and know where did I find any such thing as a luck, which may lead you to success. Where ever I saw it was other hard work on discipline which would actually work.

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  6. #15
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    Quote Originally Posted by ravian View Post
    In my opinion this is not any trading at all because the expert and the professionals do not teach you anything like that in fact I have read a lot about the forex market and I have read the experiences of the successful traders and know where did I find any such thing as a luck, which may lead you to success. Where ever I saw it was other hard work on discipline which would actually work.
    I believe trading is not that simple at all. Most experts are trying to teach traders what they feel and what they know from the forex market but we need to understand one thing that most traders will not take them seriously. It is because each traders have their own pride and confidence that makes them to become like this but sometimes that pride will make you not success.

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  7. #16
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    Quote Originally Posted by sekiryutei View Post
    I believe trading is not that simple at all. Most experts are trying to teach traders what they feel and what they know from the forex market but we need to understand one thing that most traders will not take them seriously. It is because each traders have their own pride and confidence that makes them to become like this but sometimes that pride will make you not success.
    If a trader does not take seriously then how he will learn and manage trade without knowledge this work is not done we need serious learning so we can work better and get good results we always need proper money manage and building a strategy for success and we never compromise on this .

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    Quote Originally Posted by faisal.waheed View Post
    If a trader does not take seriously then how he will learn and manage trade without knowledge this work is not done we need serious learning so we can work better and get good results we always need proper money manage and building a strategy for success and we never compromise on this .
    Nothing can be achieved as a forex trader if we don't put in our best and work very hard to achieve success, I believe in hard work and I believe in the fact that before a trader can become successful and a lucky trader they have to go through so much learning process and on the other hand, such trader should be ready to accept failure.

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    Luck in trading is one that is not consistent and rarely comes for you as a trader. You should know how best you need to improve in forex and forget properly about depending on luck in forex. Most traders here will continue to have a very hard time in managing their capital in forex and because they don't plan well to create a system, it becomes difficult for them to earn well for themselves.

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    Not withstanding, luck could look enticing but forex is not a gambling platform like sports betting or casino that's why luck won't work for you. To be successful in forex business you need to understand the proper need to develop your system and have a good profitable system which can help you enjoy nothing more than success in forex. We should know how to deal with luck and plan well enough to manage this trade in the rightful position which we can make profitable decisions for ourselves .

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  11. #20
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    There is no luck in trading if we want to trade and survive in this trade we need to learn and develop better experience and knowledge before trading in the market we cannot survive in this trade with luck except we understand how to trade forex before we can be successful in trading forex.

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