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Almost every one in the net know forex but cant know how to win in it. Someone said forex is 99% learning skill and 1% luck, others said the opposite. For me it is 50/50. What is yours?
Almost every one in the net know forex but cant know how to win in it. Someone said forex is 99% learning skill and 1% luck, others said the opposite. For me it is 50/50. What is yours?
I don't know how many people will agree with me but I believe that both Skill and luck is very important. Someone has skill but luck doesn't support. And someone has no knowledge but wins with luck. But till we should always try to gain more skills.
I think it will be more better if you elaborate more on how luck matters because I still can't figure it out. I still see luck as what people rely on when they trade the right way perhaps unknowingly, If luck works in forex trading then there should be some people who are natural not lucky and they can't suceed here.
Luck or bad luck is something which happens unexpectedly. There is no certain definition. Example, if you know you will get profit but unexpectedly you suffer lose, that we say bad luck. And unexpectedly if you get profit then that we say luck.
There are something we need to know, before you trade and make your analysis very well, and then being assured that you are going to make profits. For sure you will make that profits but because of forex trading fluctuation you might lose it if you trade with greed. When a trader losses its more better to say he or she lacks knowledge than saying he or she has no luck.
I agree with you. But sometimes there is a moment when an expert trader suffer lose. Then what does that mean.? Is it mean that trader has lack of knowledge.?
I dont believe that their is any luck factor in forex as forex have rules and regulation on the basis of that only we can good in forex so i dont believe in forex trading luck factor.