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Luck vs Education vs Experience


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328 replies to this topic

#21
alam

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Luck is the factor that affects the most in the forex trading, without luck you are nothing dear


It is true that luck can make a game and can spoil it at other time, but friend we always can not rely on luck alone nor luck is going to always turn our wrong deeds in good, so those are our skills that really matter in long run.
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#22
chintu

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As you have mentioned three factors luck , experience and education yes i agree all the three are very useful to win in forex . and some time i see that luck really matters . And experience is always necessary to be in this business and education is the basics of forex and with out education it is really very difficult to survev with this business .
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#23
alam

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I do agree that there are times when we make profit due to luck alone on the days we are lucky. But we cannot base entire trading career on luck alone as it will not be every time that luck will support us and we need to develop trading skills to perform consistently.
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#24
tirus

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Yes, if we are going to rely or depend on luck then its would be really bad for the trader because we cannot really have anything to base our trading decisions on. That in itself will decrease our chances of being profitable when it comes to forex trading because we dont have the education or experience to know the best way to trade.
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#25
rexway

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Luck is not what we have to employ into our trade if luck can come in here let it just be that the luck just come but not as a result of our own expectation yes luck is a natural thing it come at anytime in forex but that should not stop us from learning .
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#26
tirus

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Its like going to write multiple choice examination. If you dont know anything about the topic and just go into the examination and just randomly choose from the given answers there are chances that you may get lucky and pass. But the question is whether this is something that you would want to do because by studying you will be familiar with the topic and even though you may not get all of them right, you will have an idea when answering the questions.
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#27
rexway

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LOL @Tirus for sure this is true the way in which you take it is exactly how luck work in forex trading that is why I always de-employ luck each time I trade in the market because its not good at all trade with the luck and this may be very dangerous for traders.
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#28
tirus

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LOL @Tirus for sure this is true the way in which you take it is exactly how luck work in forex trading that is why I always de-employ luck each time I trade in the market because its not good at all trade with the luck and this may be very dangerous for traders.


LOL ... This is just how it is. It really amazes me how people still want to take a chance with their hard earned money instead of basing their trading on education and knowledge so that they stand a better chance to become successful. Its does take time to learn forex trading and become good at it but its worth it in the end.
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#29
rexway

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Yea Education should be the golden step for any individual to follow for sure because in as much as I know luck is for gamblers and trading like gambling in forex market is not that too good its like having your dream in the air without making it a realistic one.
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#30
luke1

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Yea Education should be the golden step for any individual to follow for sure because in as much as I know luck is for gamblers and trading like gambling in forex market is not that too good its like having your dream in the air without making it a realistic one.

Education is important, but for me, the golden step is not education. Because education without any trial will not be anything good. So, in this way here, the Experience will be a great thing for us to trade on Forex. We know if we have the real account, what we will face here
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#31
tirus

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Its a step by step procedure for me and every step along the way is important if a trader wants to become successful in the forex trading business. The education, practice in the demo account do supersede each other and one cannot survive without the other and if you can get them right you are right on track.
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#32
chintu

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Experience matters a lot in forex because if you are educated then you can trade and gain experience so first we need to be educated and then when we start trading for some years then automatically experience will come . but i never support luck because it will not be in our favor for most of the times .
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#33
Ghost

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I think all three are important in trading. Although, i have the feeling that some would write off Luck and stick to just Education and Experience, i dare write that it is not reasonable to exclude luck from trading. It is not like one can develop luck or get more luck with practise or training like the other two, but having all three is very important for a trader.
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#34
chintu

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Yes if a trader have all this three then nothing can go far from he he can make a decent profits if he really have all the three Luck , experience and education so a trader should be good in all this three so that he can be a expert or professional trader with in a short period of time .
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#35
sidejob

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I think all three are important in trading. Although, i have the feeling that some would write off Luck and stick to just Education and Experience, i dare write that it is not reasonable to exclude luck from trading. It is not like one can develop luck or get more luck with practise or training like the other two, but having all three is very important for a trader.

that is right all is important but for me that education and experience is more important rather than luck :D, luck not come to us anytime but if we have good education and experience we will have more than luck, only depend on the luck will make trader just like gambler
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#36
riddick09

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Just have all of them in my trading or when I'm trading. The fact that the less or no use for most of the traders is the luck but the luck boost their experience and knowledge. It's sort of our energizer or enthusiasm that makes our trading makes hopeful but too much hope is failure. We should understand how these three relates to one another and not to choose them but to learn them and their purpose for traders.
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#37
standart

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traders will be unable to control their own luck and what they can do is keep to enrich their knowledge about forex and experience in trading. with that, trader will able to predict price movement more accurately and execute order more logically. ignore the luck factor and keep stick with the factor that able to make traders success.
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#38
sidejob

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traders will be unable to control their own luck and what they can do is keep to enrich their knowledge about forex and experience in trading. with that, trader will able to predict price movement more accurately and execute order more logically. ignore the luck factor and keep stick with the factor that able to make traders success.

luck is not emotion that thing is out of us, so we cannot control them, it can come and also leave without we can notice, but i am sure that all traders must be have at experienced luck once in their life when they trade currency, but with knowledge and experience it will give us constant profit and also predict movement accurately
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#39
tirus

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Its just as you say it, luck cannot be controlled and that is where the problem is for me because then you cannot rely on it. Its better to put your faith in your knowledge and experience because then it can be able to guide you in making decisions that can be profitable.
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#40
chintu

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In my opinion practice is the only secret to earn a huge funds in forex and that is really a great move for a trader to have a good skills and that will be giving him a very good profits . I have seen a very rare situations where people have earned in forex because of luck but it will not be forever this time a trader will be winning with luck but luck will not be helping you all the time .
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