Luck or skill?

[alphahavoc]

No matter how skillful you are, no one can beat Luck .

[LaoTzu]

luck is when preparation meets opportunity, opportunity arrives when you are skilled enough to take advantage of it

[CrisValenciana]

Does a surgeon use luck or skill to operate? Now luck will on a very small scale come into play with unforeseen complexity but their results are largely influenced by their skill in the trade. If you liken this to trading, 1st thing is learning how to trade. Many newbies try to invent their own approaches… Do surgeons do this? If they did would you trust them with your life? Learn basic and advanced theory to the markets including Macro-economics. Once you have your base, then you can make it your own and go from good to Great. Speaking as someone who has learned this stuff the hard way

[tipsypips]

Well said @CrisValenciana. Skill usually trumps luck and is more reliable

[Robbie.fx]

Hahaha…I don’t think there’d be any such person. Losing is an inherent component of trading.

[imbest]

Of course you can not bring luck forcely it comes or not it is not definite. When you had valuable skill of trading nothing can beat you . You will struggle with cause can come out of dangers easily. Specially your each step towards trading will show your ability as well as you will somehow lucky trader.

[bearish]

Luck or skill? in my opinion, both also have connected, skill will help much in get luck in trading, but still without luck also sometime still facing with failure, because trend market is very dynamic movement in addition as retail trader which only can trading with follow the market and can`t make price being move, so if trader having improve their skill, I think will always close to their luck

[V.vincent]

Agree! you can not bring luck forcefully but skills can be learned. so its better not to depend on luck and learn as much as you can.

Luck will be not with you always but no one can seize your knowledge from you.

[TradingTom1425]

Absolutely right you are! we cannot leave everything on luck. its just an excuse we can give to console ourselves when we miss the opportunity saying that it wasn’t in my luck. but we can only succeed by putting our hard work into it and learning the skills as even trading inst rocket science. its just the perfect blend of many skills like knowledge, discipline, strategy, practical application and time and money management.

[BogdanK]

As for me, forex trading looks like some game. I’m trying to get pleasure from trading. There a lot of people who earning there quite good money, but they are spending quite much time on that. I decided to make my forex trading like a hobby. I’ve invested some money, that i can afford to myself and if it possible trying to make some profit. Each day i learn something new, i get experience that helps me to get more knowledges and develop my personal strategy. Sometimes i relly only for luck, sometimes i’m trying to use my experience. I can advice you to relax and try to get as much pleasure as you can, if it’s possible.

[Edith.M]

I would say it is a combination of the two, but 80% skills and 20% luck. Forex is a game of probability, being skilled and identifying high probability trades is key to one’s success.

[imbest]

I will not say it is combinations , Main part plays experience and skill , Luck is just a chance that can support you. Ratio of luck is very rare. if all people wait for luck no one can go ahead for regular trading. Understanding market and gain skill to handle with different situations is your real ability.

[frodo23]

Luck or skill? Well, I agree with the people above. Neither only luck nor only skill will ever lead one to the path of success. It’s the combination of both which will.

[tommor]

There is no luck in an individual trade. Its just statistics. If you trade for long enough and run enough trades, eventually one of them will be really “lucky” and you’ll make far more than you hoped, and one of them will be very “unlucky” and will go very bad very quickly.

There is no luck involved in getting a range of results including these extremes.

Maybe the only involvement of luck is a lucky opportunity that got you into trading or an unlucky external event that takes you away from trading. Whether these would be good luck or bad luck won’t be immediately obvious.

[david77777]

If this is true, it should be just plain dump luck. I find it hard to believe that some one with no experience in this field would start with £8,000

[Baldursufate]

I think that it is the mixture of both these qualities. Sometimes, luck is the only thing that bring you out of the dark. But there is a famous saying that luck favours the brave. You need to enter the forex market with an open heart and mind and you will reap the fruits of the trade.

[goldberry]

i agree. luck matters but not more than skill.

[renoisland]

Skill will get me where I want. Luck may be involved to a slight extent. Why? Because I’m running a business. However, skill will only be 20%, while psychology will play 80% of the role. Anyone can pull a trigger.

[Vanpeters]

Honestly it gets tempting, especially when you are on a roll on demo. Not realizing it’s just a practice account, and takes time on there to master the act of the market.
But I would advice; if the urge is there you can start small and gradually increase your trade

[Pipzilla]

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