Need luck or skill for trading? | Forex Factory

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Need luck or skill for trading?

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  • #1
  • First Post: Edited Jun 1, 2013 12:36am May 31, 2013 10:53pm | Edited Jun 1, 2013 12:36am
need luck or skill ?

I've read somewhere in the internet forum, but forgot exactly where?
who said ::

1 ) if trading using big timeframe ( monthly / weekly / daily )
= requires luck to win
2 ) If trading using small time frame ( m1 / m5 / m15 / m30 )= need skill to win

but there are also those who say that :

3) If trading using small time frame ( m1 / m5 / m15 / m30 )
= requires luck to win
4) if trading using big timeframe ( monthly / weekly / daily )
= need skill to win

which one is correct ?


all comment are welcome
THX. S.C.
if there is something you should keep secret,simply just save it,, so, just
  • #2
  • Jun 1, 2013 1:46am Jun 1, 2013 1:46am
Trading require skill.

Gambling require luck.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Jun 1, 2013 1:53am Jun 1, 2013 1:53am
Actually both can be true.

A long term trader might say: "The moves are cleaner and more predictable in the higher timeframes. In the lower timeframes its just to much noise and the trading costs are way to high to profit. Professional scalpers are only lucky so far."


A scalper might say: "Long term trader are set a position with a wide SL and hope to win. I grab continously small positions out of the markets and can compound my money very fast this way. Because of the high number of trades my method proved as to be solid"
  • #4
  • Jun 1, 2013 1:53am Jun 1, 2013 1:53am
If I did not have bad luck I would have no luck at all.

but seriously.
Trading = gambling therefore luck is required
and some skills, winning at the Black Jack (gambling) table requires skills as well..
  • #5
  • Jun 1, 2013 1:58am Jun 1, 2013 1:58am
Quoting FerruFx
Trading require skill. Gambling require luck.
That is it.

Some times I feel its my bad luck when the SL just hits and the price rushing towards the TP.
Weigh well output the loss and gain And proper action ascertain
  • #6
  • Jun 1, 2013 2:19am Jun 1, 2013 2:19am
skills
  • #7
  • Jun 1, 2013 2:32am Jun 1, 2013 2:32am
Definitely skills. You make your own luck!
  • #8
  • Jun 1, 2013 2:36am Jun 1, 2013 2:36am
Quoting sandycarrot
which one is correct ? .
you don't need to care which one is correct. Whether which one is correct, they are not even useful to make money for you. Concentrate on the more important stuff. Have you got a plan/strategy? Is your plan/strategy working? if not, why not? If yes, is it consistent ? etc
  • #9
  • Jun 1, 2013 2:49am Jun 1, 2013 2:49am
hi all,
There is no any difference between short time frame even m1 to long time frame like daily ,weekly but in both cases you need to determine your SL and your position size and (your free time and your expectations) and always remember trading is not gambling its the art of the trading.
  • #10
  • Jun 1, 2013 4:31am Jun 1, 2013 4:31am
The only way that luck can have any influence over your trading is if you are simply entering random trades or doing something like flipping a coin to decide which way to go.
Skill involves recognising a strategy that gives you an edge over the course of a number of trades and then being able to use and stick to that strategy.
From my experience, you need skill to trade profitably.Just my opinion, but the lower the time-frame that you trade, the more skilful you need to be.
Please Do Not PM Me With Coding Enquiries
  • #11
  • Jun 1, 2013 7:44am Jun 1, 2013 7:44am
Quoting FerruFx
Trading require skill. Gambling require luck.
THX.S.C.

(Trading require skill. and little luck)
if there is something you should keep secret,simply just save it,, so, just
  • #12
  • Jun 1, 2013 7:46am Jun 1, 2013 7:46am
Quoting h96
Actually both can be true. A long term trader might say: "The moves are cleaner and more predictable in the higher timeframes. In the lower timeframes its just to much noise and the trading costs are way to high to profit. Professional scalpers are only lucky so far." A scalper might say: "Long term trader are set a position with a wide SL and hope to win. I grab continously small positions out of the markets and can compound my money very fast this way. Because of the high number of trades my method proved as to be solid"
THX
(I also think so)
if there is something you should keep secret,simply just save it,, so, just
  • #13
  • Jun 1, 2013 7:48am Jun 1, 2013 7:48am
Quoting Mingary
If I did not have bad luck I would have no luck at all. but seriously. Trading = gambling therefore luck is required and some skills, winning at the Black Jack (gambling) table requires skills as well..
If I did not have bad luck I would have no luck at all.
agreed,, like black and white,
S.C.
if there is something you should keep secret,simply just save it,, so, just
  • #14
  • Jun 1, 2013 7:51am Jun 1, 2013 7:51am
Quoting PATR8der
{quote} you don't need to care which one is correct. Whether which one is correct, they are not even useful to make money for you. Concentrate on the more important stuff. Have you got a plan/strategy? Is your plan/strategy working? if not, why not? If yes, is it consistent ? etc
that's true,,S.C.
if there is something you should keep secret,simply just save it,, so, just
  • #15
  • Jun 1, 2013 7:54am Jun 1, 2013 7:54am
Quoting Gumrai
The only way that luck can have any influence over your trading is if you are simply entering random trades or doing something like flipping a coin to decide which way to go. Skill involves recognising a strategy that gives you an edge over the course of a number of trades and then being able to use and stick to that strategy. From my experience, you need skill to trade profitably.Just my opinion, but the lower the time-frame that you trade, the more skilful you need to be.

but the lower the time-frame that you trade, the more skilful you need to be.

agree,,and THX .S.C.
if there is something you should keep secret,simply just save it,, so, just
  • #16
  • Jun 1, 2013 7:59am Jun 1, 2013 7:59am
I'd forgotten to my question,,ha,ha,
however, THX
if there is something you should keep secret,simply just save it,, so, just
  • #17
  • Jun 1, 2013 8:16am Jun 1, 2013 8:16am
Quoting sandycarrot
Trading require skill. and little luck
Luck = Hope

Hope and trading can't work together.
MT4/MT5 EAs/Indicators/Alerts coder
  • #18
  • Jun 1, 2013 8:56am Jun 1, 2013 8:56am
Quoting Mingary
If I did not have bad luck I would have no luck at all. but seriously. Trading = gambling therefore luck is required and some skills, winning at the Black Jack (gambling) table requires skills as well..
Trading is as much gambling as any other business you venture into... notice i say business - not employment by someone..

open a restaurant you gotta hope its gonna pay the bills = gamble

become a self employed plumber - you gotta hope its gonna pay the bills = gamble

but odds are in your favour when you have knowledge, experience and skill to help make you successful - same works in forex
  • #19
  • Jun 1, 2013 9:13am Jun 1, 2013 9:13am
no need skill and no need luck and no need brain either

Inserted Video
  • #20
  • Jun 1, 2013 9:41am Jun 1, 2013 9:41am
do you ever experienced lose to during your trading ? if yes ,!!
although overall can still profit
that mean = still need little luck in trading

S.C.
if there is something you should keep secret,simply just save it,, so, just
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