Luck or Skill

[Eduardo Lucchese]

Some traders have skill but still out of profit whereas some others don’t have skill but in profit. So, luck and skill both are essential for trading.

 

[Oscar Shumack]

To confirm a particular market signal, it’s always better for you to use multiple strategies at a time. Traders can produce a cogent signal when they use multiple indicators at a time.

 

[The trader]

before choosing a broker it is more appropriate to make sure real reviews by ForexPaceArmy , this is very supportive

 

[Eduardo Lucchese]

Many people around the globe are in profit but good strategy and tactical approach are needed to be a good trader.

 

[Eduardo Lucchese]

Luck and skill both are needed because I saw many traders suffer losses even though they are skilled. But skill is obligatory to shape your luck.

 

[SaadBinToha]

A secure broker provides traders with all necessary facilities like high security of funding, good amount of leverage, narrow spread in most of the pairs, flexible margin level, and other facilities moderately.

 

[SaadBinToha]

The support of both luck and skill is needed for your success. But keep one thing in mind that your luck won’t support you without skill.

 

[Alexander Hudson]

You can’t be profitable if you have skill but your luck doesn’t support you on the other hand your luck won’t support you without skill. So, both are essential.

 

[Eduardo Lucchese]

The support of both luck and skill are needed to gain from the market. Without skill, your luck won’t support you so try to make sure your skill is available.

 

[Oscar Shumack]

We can sharpen our trading knowledge by earning market analyzing skill and this skill is of two types including technical and fundamental. Our skill should encompass both these sides.

 

[Alexander Hudson]

To brighten your luck, just sharpen your skill, which we mostly don’t do that leads us to the way of failing. So, we have to focus on skill development at any cost.

 

[Eduardo Lucchese]

Without skill, luck never supports and it’s quite proven. We have to drive ourselves towards skill development because it helps us survive in the market for a longer period of time.

 

[LouBega88]

Between luck and skill, I will go for skill because luck smiles upon skilled people.

 

[Bahiya Shinam]

You can’t settle down your career in forex with earning required trading skill. So, your luck will always be shaped automatically with earning knowledge.

 

[Aaron_0]

I think both. But without proper trading skill, your luck won’t support you even though some exception is also seen.

 

[Olivia]

Both are essential because some have skill yet they are failure whereas some don’t have skill and they sometimes carry profit.

 

[Ethan]

One biggest mistake for many new traders is starting to trade forex without a solid forex trading strategy. The forex market is really attractive because it operates 24 hours a day and you can trade when the market is going up or when the market is going down and in the eagerness to make money, or prove themselves they dive headlong into trading.

 

[Aaron_0]

Success in forex trading requires a combination of skill, including market analysis, risk management, and discipline, along with an understanding of economic factors. While luck may play a role in individual trades, consistent profitability is more reliant on skillful decision-making and strategy.