Need luck or skill for trading?

Take the New Zealand dollar as an example.
The earthquake and the recent milk product issue, no matter how skillful you are you can never precisely predict it.

I guess both of them plays a vital role in trading.But i will give an edge to hard working.Hard work is a must to be successful.

Trading just like any other business need skills and a little bit of luck though.
The same goes to gambling, you can rely on luck alone to win big, you need skills too.

The skill is knowing when your luck has run out.

Absolutely right guys..
Living in this world we need both skill and luck. and even the world is containing only luck and skill...
In forex trade, and any business also need these two items..
Its also happen on my trade in Liteforex broker, sometime i got profit caused luck..

Need luck or skill ??? ... hmmm

let's see ..

is there any method that can be used to measure a person's skill level ?
and to measure someone's luck ?

then, how we can give an objective answer to above Q, ... if there's no such method.

if you think you know the answer ... you don't.
if you think you don't know ... maybe you're right.

think about this; two people trading at the same time, the same chart/ pair, entry at the same price, in the same direction, and both of them making same amount of $$ , trader A think that the reason of her/his success is because of luck, when trader B think differently (because of her/his skill).
and then second trade taken, same scenario, same people, but this time both of them loses money, when trader A think her/his lack of skill that bring this terrible fate, for trader B this is just simple bad luck. how do we explain this ?


Thanx

Come on guys and gals How is this even a topic of discussion?

Oh I know how because only the real have figured out by now

that when you hone in on your skill and you have done harnessed

enough talent well then luck is just a figment of your imagination.....

You need both. About 95% skill, 5% luck.

Good trading results from making the same boring yet proper decisions over and over again. So I would say that discipline is more beneficial than both skill and luck.

LOL

What a Bullshit !

Bullshit MM !

95 % vs 5 % !

Yae !!!!!!!

Everyone will be rich !

this guy (right) is has also skills

{quote=mvp77} LOL What a Bullshit ! Bullshit MM ! 95 % vs 5 % ! Yae !!!!!!! Everyone will be rich ! this guy (right) is has also skills {quote}

Reporting your post. You need to go away, troll.

3 small win
24 loss



Lend me a coin to use the coin toss system, because it is more profitable

It is a demo account for an experiment, but has anything to teach for us about luck?

It's all about skills.

But excellent (not just "good") skills only came spending several hours in front of the market day by day.

And that's something 95% of traders don't want to go through.

Mmm...

95%....

I think I've already heard this number somewhere.