There is no LUCK in forex
LUCK DOES NOT EXIST
Let me explain
you said this...
ok, I used to play chess with people who were serious about it
and i know a Chess Grandmaster (now, i'm not saying that i am even remotely close to his level) but the point is..
let's objectively question what you said
Why is Chess Skill
Why is SLOTS luck
I CAN ALSO ARGUE THE POINT THAT.......
in chess (if you believe in Luck) Even a grandmaster can have a stroke of luck hehe
conversely , i can argue (and being an I.T. engineer, I KNOW I'M RIGHT, THERE IS NO DEBATE HERE) On occasion i fix slow machines.
i can argue that slot machines ARE PROGRAMMED TO BE IN FAVOUR OF THE HOUSE
it's not even a debate
I can show you the programme hehe
so.. that's MYTHBUSTED right there
but even though i agree CHESS IS SKILL
i also CONFIRM Slots is not luck
because IF IT WAS..... a Club would RELY ON LUCK to make continual profit
now... THAT WOULD MEAN THAT LUCK WOULD NEED TO BE CONTINUAL FOR THEM
HOW CAN THAT BE ?
well. it's not the case, simple as that
a Person does not invest millions of dollars to open a Registered club with Gaming machines
and when it comes time to drafting the business model
they say LET'S RELY ON LUCK AND HOPE FOR THE BEST LOL....... not a chance at all
it's all predetermined
here is another way to look at
I own a space invaders machine ( i got it some months back)
it's in need of some repair, but, i'll fix it
now. here is what i realized when i started playing with this BLACK AND WHITE Classic (Cocktail Table) space invaders machine
when you look inside there are Potentiometers (to the lamen, this means.... little knobs)
now these POTS as we call them in electronics,
THE SPEED OF THE ALIENS
THE SPEED OF MY SHIP
THE SPEED AT WHICH MY BULLETS FIRE
THE SPEED AT WHICH THE ALIENS DROP THEIR BULLETS
it now becomes clear to me that back in the day when i was in timezone dropping in 20cents at a time per game.
THE GAMES WERE RIGGED hehe
there was no luck involved
it's a business.
SO WHAT IS LUCK ?
When something happens, just because a certain number of events coincide.
and the likelihood of said event is VERY UNLIKELY
and for the most part, because people don't put in the effort to try and explain it
Hence, let's say , when some UNEXPLAINABLE HAPPENS (well, it actually can be explained but people don't bother trying)
PEOPLE CALL THIS LUCK
if this inexplicable event happens to cause happiness to the person (Like finding $100 on the ground)
a person instantly assumes it's GOOD LUCK
if this inexplicable event happens to cause sadness to the person it's called BAD LUCK
now. let's look at it like this
You are walking down the street, the wind blows and a $100 bill hits your shoe
you pick it up and SAY..... "WOW. THIS IS GOOD LUCK"
different same scenario
you are walking down the street, wind blows, $100 bill hits your shoe, you pick it up.
BUT A POLICE OFFICER DRIVING BUY SEE'S YOU PICKING IT UP and Arrest's you for stealing
is it still good luck or Bad Luck
see. LUCK DOESN'T EXIST
LUCK IS AN EXCUSE THAT PEOPLE USE WHEN THEY EITHER CAN'T OR DON'T WANT TO EXPLAIN SOMETHING
is there luck in forex
well. do you think that the market makers and brokers are just lucky
and that 95%+ traders are just unlucky
No... it's rigged.. simple as that
TRADING IS A SKILL
how is it that i've been trading for 7 years
and in the first say 2 -3 years i was losing,
couldn't find a way to get ahead.... IS THAT BAD LUCK ?
and now... (i do lose trades on occasion ) but i win the majority of them
IS THAT GOOD LUCK ?
Did my luck somehow change ? HEHE i think not
i think what happened was, i learned how to trade by gaining knowledge
does luck exist in forex... NOT FOR A SECOND, NOT A CHANCE
you make a decision in forex and your broker acts accordingly
also here's another head ache for you
if there was luck
HOW WOULD YOU PROGRAMME A TRADING BOT TO ACCOUNT FOR LUCK hehe
luck does not exist. ok
it's as simple as that