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Need luck or skill for trading?

  • #201
  • Jul 19, 2013 11:44pm Jul 19, 2013 11:44pm
Quoting Ttop
{quote} There is NO way to predict future market moves, no matter what time frame you choose. If there was any such timeframe and prediction method then whoever discovered it would by now have all the money in the world.
There is NO way to predict future market moves, no matter what time frame you choose. If there was any such timeframe and prediction method then whoever discovered it would by now have all the money in the world.

and became one of this list ? ha,,ha,,
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  • #202
  • Jul 20, 2013 12:41am Jul 20, 2013 12:41am
Quoting sandycarrot
{quote} btw where Mofu school ? Africa ?
Alaska ...
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  • #203
  • Jul 20, 2013 12:54am Jul 20, 2013 12:54am
Quoting Ttop
{quote} There is NO way to predict future market moves, no matter what time frame you choose. If there was any such timeframe and prediction method then whoever discovered it would by now have all the money in the world.
Can the markets be timed? Yes. Is it easy to do? No. Is it worth the time and effort that it takes to study it? Yes. Where price meets time. Time being the most important factor. Because when time is up, look out. And the reason that 95% of traders lose money in this market, is because they only look at 50% of their chart. The part that goes up and down, aka, price. They don't even bother to look at the other half of their chart. Aka, time. Speaking of time, it's time for me to go to bed. Because if I don't, I'll pay the price when I wake up.
Time turns trend. - W.D. Gann
  • #204
  • Jul 20, 2013 10:59am Jul 20, 2013 10:59am
Quoting sandycarrot
{quote} There is NO way to predict future market moves, no matter what time frame you choose. If there was any such timeframe and prediction method then whoever discovered it would by now have all the money in the world. and became one of this list ? ha,,ha,, {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
That is a rather pessimistic way of looking at it. One should not compare situations, such as being a successful trader. With people who are already famous or wealthy. In forex, you can accurately predict the turning point of a currency using smaller tf's. The question is can you be patient enough to wait for those formations. Many of us are looking for consistent. Yet the market isn't consistent, so why should one expect such a thing? If a person has the ability to earn 20-50% profit per recommendation on a avg of 5 mins. That would suggest that trading isn't as hard as it seems.
That also doesn't mean that one can earn 20-50% EVERY 5 mins. Once you have identified your formation, you enter then react accordingly with trail stop. Or how about using binary options and mt4 trading together. In the sense that one backs up the other account. You have so many unorthodox ways to trade it would make you head spin.
My suggestion to those who are new are as follows. On forums people tend to type more, then proving how good they are. They can rationalize every situation, but when asked for proof of their success. They give you the run around of a life time. Those are people you want to stay clear from.
  • #205
  • Jul 21, 2013 2:11pm Jul 21, 2013 2:11pm
u need a little bit of both
  • #206
  • Jul 21, 2013 4:08pm Jul 21, 2013 4:08pm
Quoting sandycarrot
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.

You need to win to get GOOD LUCK
And need good luck to continue winning
  • #207
  • Jul 21, 2013 5:19pm Jul 21, 2013 5:19pm
Quoting Master_kiwa
{quote} No has nothing to do with luck. Yet to have that kind of return in one year of trading isn't impressive at all. Considering the fact he/she has made his/her stats private says a lot about the trader himself.
WTH! A LOL guy. What the f*** does that have to do with anything? It's real money live account results. Account run for sufficient time, and has a very large number of trades. 100% fit to serve discussion at hand: 'Need skill or luck?'. What relevant stat can you not see? Every stat that matters is shown, except for balance. Atm that account has no balance anyway, since balance was withdrawn and account reopened at a better broker. That also means what you see is 100% real, as logically there are no open losses hidden floating around. The account owner has absolutely no idea his results were posted at this forum, so why would you think he owes you any kind of satisfaction, or has anything to hide?

Now tell me your account details, balance, full name, id number, address, etc, etc! Failure to comply, means you're hiding something.

And now my turn to make a distasteful completely off-topic comment. The fact that you picked the name 'Master', now that does indeed tell something about you...
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #208
  • Jul 22, 2013 2:44am Jul 22, 2013 2:44am
weither you are trading a long time frame or a short one, is skill required. I have said to people who we trade together and to any one who cares to hear that, trading the fx market should not be regarded as gambling. if you refer to it as gambling, then you have not understood the rules that governs it. trading requires skills and skills need to be acqiured by learning. you can personally contact me for consultation!
  • #209
  • Jul 22, 2013 5:46am Jul 22, 2013 5:46am
Quoting bizdealer
weither you are trading a long time frame or a short one, is skill required. I have said to people who we trade together and to any one who cares to hear that, trading the fx market should not be regarded as gambling. if you refer to it as gambling, then you have not understood the rules that governs it. trading requires skills and skills need to be acqiured by learning. you can personally contact me for consultation!
you can personally contact me for consultation!

yes i need personally for consultation! but how ? THX
if there is something you should keep secret,simply just save it,, so, just
  • #210
  • Jul 22, 2013 6:57am Jul 22, 2013 6:57am
Quoting sandycarrot
{quote} you can personally contact me for consultation! yes i need personally for consultation! but how ? THX
Just don't go giving him any money Sandy

Inserted Video
Time hides Nothing
  • #211
  • Jul 22, 2013 8:32pm Jul 22, 2013 8:32pm
Quoting CindyXXXX
{quote} Just don't go giving him any money Sandy http://www.youtube.com/watch?v=-0dTSY3J8lw
ha,ha,ha,, yes,yes , THX


Inserted Video
if there is something you should keep secret,simply just save it,, so, just
  • #212
  • Jul 23, 2013 6:40am Jul 23, 2013 6:40am
Quote
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 ?

Hi,

Seems confusing/funny question and so my answer is also that way... Both are correct and may be incorrect also in above statement...

What I believe is you need both luck and skill... Which you prefer first bring them first and then try combined...

When targeting in Forex or any financial market, SKILL is required first..
  • #213
  • Jul 23, 2013 12:14pm Jul 23, 2013 12:14pm
Quoting sandycarrot
{quote} ha,ha,ha,, yes,yes , THX http://www.youtube.com/watch?v=s4pln0fJPdU

nice post hehehe
  • #214
  • Jul 24, 2013 7:55am Jul 24, 2013 7:55am
i do not rely on luck in trading . I find results as much I show good performance in forex trading . having m=no knowledge and practice and depend on luck is living like a fools paradise . Depend on personal abilities to get profits.
Master Forex ║ bonus up to 75% ║Minimum deposit $1 ║Swap free trading
  • #215
  • Jul 31, 2013 7:49am Jul 31, 2013 7:49am
Luck never worked for me, not even once in my entire 2 years of career in FX market. So its pure skill for me now, I am making some pips, slowly but surely, and will improve myself more.
  • #216
  • Jul 31, 2013 7:59am Jul 31, 2013 7:59am
I think Luck work in 75% on our trade. and the left is skill.
All skill will not guarantee to be success consistently..
  • #217
  • Aug 1, 2013 10:12pm Aug 1, 2013 10:12pm
^ you really think that more luck is needed in trading?
  • #218
  • Aug 1, 2013 11:46pm Aug 1, 2013 11:46pm
I think putting a ratio of Luck to Skill is a ridiculous concept, as each plays a varying role throughout a trade, day, week, month, series of trades.

But to put it blatantly;
Without Skill you will not make it long term.
Without Luck I think you still have a great chance.

One you can rely on, the other not so much.
Time hides Nothing
  • #219
  • Aug 2, 2013 1:08am Aug 2, 2013 1:08am
Quoting ddeeen
I think Luck work in 75% on our trade. and the left is skill. All skill will not guarantee to be success consistently..
In fact, it will.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #220
  • Aug 2, 2013 11:32pm Aug 2, 2013 11:32pm
Trading is much like poker. Luck can make you money in the short term, but to be profitable in the long term you need skill, and not get unlucky.

Happy Trading!

Joe
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