This is the common mindset which most of the traders have that the forex trading business is risky and certainly it is and only those who can manage this risk to their benefit are the survivors reaping its benefits.
Skills are major point, but without drop of luck it is impossible to succeed.
I believe anybody can do and have what they want here if they apply themselves. I don’t buy the gut idea. On the other hand, we’re trading such a small amount of our capital, who’s to say what this teen is capable of. I use stops and always will. If this was really easy and effortless, everybody would be trading. Who would pump our gas and prepare our Big Macs? It took me months to realize I could actually make money when price takes a dive. I didn’t know back then. My broker was the one who told me. 3 years later, at 3 this morning, I generated over 40 pips… in 6 minutes. I’m sorry I stated that incorrectly. The market ‘allowed’ me to generate the pips
I don’t know about impossible, but it certainly becomes that much harder.
The most intellectual people do not depend upon luck, but for those are bound by emotions its quite common that they get stuck with the luck factor.
Because Michael does not exist… or he is lying about his stats.
Let us not compare with other traders performance instead plan for your stability in the forex trading business and make money accordingly to enjoy the system.
Hahaha this was funny
Ok what i say is he is lucky and he knows the basic , basic works!
I’m not sure what he knows, all i Know he is a lucky but successful trader. He doesn’t accept a losing trade, he turns them into winning trades via patience, it’s key to this his strategy
Forex trading requires mostly skill, but one also always needs just a little bit of good luck.
I believe in skill… luck at the beginning, maybe, but not last for ever. I trade forex… and I used to try not to get any loss … and I had to keep my positions for months… but it is not useful for your trading skill and psychology, I see that…
Its always very much important for the traders that they should develop their skills such that surviving in this highly risky forex market becomes possible and achieving financial success is possible.
I agree, the simpler the better. fx is not difficult. Actually, if all knowledge keeps you questioning if you should enter, you will not enter and never make a trade. So skill is required, but more mentally.
Some traders are Lucky in their trading so they are able to get profits easily. But mostly i see traders are getting loss and the reason for their losses could be many 
please provide any proof of his financial results. Such traders would be immediately contacted by funds/banks because such a talent cannot be wasted with just 8000 pounds
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And one of the most important reason would be lack of money and risk management for sure.
If we can manage our trading funds easily then it will also give us the ability to earn some good income as the risks will remain lower…
Thank you Mehmet83 for sharing this. It is a quite an interesting case. I guess it has to do with both luck and skill. I think that the most effective thing here is that your friend keeps his trading simple. Yes, he needs to learn a bit more about the trading matter and perhaps develop his strategy but if all the mentioned steps are working then good for him. Although I was quite surprised that he didn’t know that the trades can go short and that candlesticks existed But I admire his courage and his intuition. After all people who trust their gut usually succeed.
The problem with relying on luck is that it runs out sooner or later.
The original post was made about an year ago, is Michael as success? Did he continue trading in the same way?
Hello mlawson, I do agree with you, luck has definitely been on his side and I’m not sure if or when it will run out, as I mentioned earlier he continues to trade the same way on his personal account and is progressing successfully, I don’t really want to give out numbers here as I received numerous PM before and was accused of lying and attention seeking 