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Topic: Is forex a matter of skill or luck?

I think forex is more a matter of skills than luck, though luck will be an added bonus for the forex trader. If a forex trader depends only on luck for trading, he or she will likely lose money in the long run. Luck can bring profits for the short run, but not the long run. If the trader depends on skill, then he or she will make profits in the long run.

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Re: Is forex a matter of skill or luck?

yes my friend says me , if u want to earn from forex, 1st learn then earn

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Re: Is forex a matter of skill or luck?

I think forex is more a matter of skills than luck, though luck will be an added bonus for the forex trader. If a forex trader depends only on luck for trading, he or she will likely lose money in the long run. Luck can bring profits for the short run, but not the long run. If the trader depends on skill, then he or she will make profits in the long run.

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Re: Is forex a matter of skill or luck?

forex is totally skill.not for luck. if you better skill for other one you can make good profit forex business.remember lack of experience always fail bcoz he does not where to need perfect setup a trade.

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Re: Is forex a matter of skill or luck?

Will there be any biographies? New to Forex trading, then never spending any money. Why does everyone have to pay new incoming sooner or why?

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Re: Is forex a matter of skill or luck?

It's about allowing the law of large number to play out your edge in the markets and good money management

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Re: Is forex a matter of skill or luck?

To me, forex is simple math. The better your risk to reward is, you do not need to worry about winning all the time. Less stress. If you risk to reward is not good, you need to make sure you are hitting a large number of trades. I guess none of that is math I suppose.

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Re: Is forex a matter of skill or luck?

I started out with Binary Options and people said it was just about gambling. But Forex is also gambling and so is the stock market. There is none who can tell you what will happen. It's all about luck. But usually you can avoid bad things if you read the news and don't trade too quick. I have stocks that I'm trading for months. So I guess trading Forex is better on the daily chart. The quick ones down at 5 minutes are more about luck (if you're not a scalper of course).

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Re: Is forex a matter of skill or luck?

Ofcourse it is Skill & hardwork,
for luck I can say, harder you work, luckier you get smile

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Re: Is forex a matter of skill or luck?

Luck is wrong word...
A lot of different reasons have influence on mowement of price at forex . As much of these proceses you understand and can a little bit predict - as better your result should be. And money management and cold mind are important as well! Both things coming after long praktice and several loses...

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Re: Is forex a matter of skill or luck?

It's definitely both! You need to have the skill to trade AND be in the right trade at the right time! That's a little luck!

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Re: Is forex a matter of skill or luck?

Patience is the most important thing you can learn. Don't be so quick to close a trade if it is losing. Use a stop loss and a take profit. Wait for the RSI indicator to be above 70 or below 30. Above 70 = get ready to sell, below 30 = get ready to buy.

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Re: Is forex a matter of skill or luck?

50 % luck and 50 % profit i said. just like plaiyng poker, while amateur poker player just nbased on luck, pro player using theory probability, psychology in their games

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Re: Is forex a matter of skill or luck?

I believe need mastering the skill then only gain the profit.
No doubt, luck also important but to all.

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Re: Is forex a matter of skill or luck?

its depend on yours..  if u have good knowledge.. so it will gide u for more profitable.. if u dont have knowledge.. u will loose all ur money.. forex  is not like you gamble all the money inside. u must have knowledge before u die.. we trade to win.. not trade to broker..

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Re: Is forex a matter of skill or luck?

chongjasmine wrote:

I think forex is more a matter of skills than luck, though luck will be an added bonus for the forex trader. If a forex trader depends only on luck for trading, he or she will likely lose money in the long run. Luck can bring profits for the short run, but not the long run. If the trader depends on skill, then he or she will make profits in the long run.


I think it could be both. Sometimes skill and sometimes luck.

Re: Is forex a matter of skill or luck?

skill, dedication and hard work
depending on luck will blow out your account

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Re: Is forex a matter of skill or luck?

I believe it is 80% luck. Most of the times as soon as I enter a trade, the trend changes.

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