Luck and Hope

[forexdiscounts]

Luck and hope are very necessary.... when buying lottery tickets!

 

[willforex]

Luck and hope are very necessary.... when buying lottery tickets!

Not only to win lotteries. We need luck and hope for other day to day things as well.

But forex is a different scenario. No chance for luck or hope.

 

[forexdiscounts]

Agree on that!

Not only to win lotteries. We need luck and hope for other day to day things as well.

But forex is a different scenario. No chance for luck or hope.

 

[itkraze]

Hope is a positive factor that is very greatly required in a trader life. If he won't hope for the good then he won't be able to consistently remain in forex market. While luck is not a factor a trader can rely on for long.

 

[willforex]

Agree on that!

Yeah. This is the truth

 

[Rambo35]

Hope is a positive factor that is very greatly required in a trader life. If he won't hope for the good then he won't be able to consistently remain in forex market. While luck is not a factor a trader can rely on for long.

I think neither luck nor hope should be part of a trader's daily routine, just execution of trading strategy and risk management.

 

[ishan agarwal]

Luck can be defined as an unpredictable and uncontrollable factor that can influence outcomes. In investments, luck can come into play with factors such as market timing, unexpected events, or even random fluctuations in asset prices. While luck can lead to favorable outcomes, relying solely on luck is not a reliable or sustainable investment strategy. It's essential to combine luck with thorough research, analysis, and risk management to make informed decisions.
Hope: Hope, on the other hand, can be seen as an optimistic outlook or belief in positive outcomes. While hope can provide motivation and resilience during challenging times, it should not replace a well-defined investment plan. Hope alone without proper research and analysis can lead to unrealistic expectations and poor decision-making.
It's crucial to strike a balance between luck, hope, and diligent effort in investment endeavors. Building a solid foundation of knowledge, adopting disciplined investment strategies, and actively managing risks can enhance the chances of success. Additionally, seeking advice from professionals and continuously learning about investment principles can help navigate the complexities of financial markets.

 

[kabir anand]

Luck and hope are not reliable strategies in trading. While there may be instances where luck seems to play a role, relying on it is not sustainable. Instead, it's essential to focus on building a strong foundation of knowledge and skills to make informed decisions. Hope can also lead to emotional decision-making, which can be detrimental to trading. Instead, traders should have a well-defined trading plan and stick to it, avoiding impulsive decisions based on hope.

 

[Juanstevenson19]

Absolutely agree. Luck and hope might work in some areas of life, but when it comes to trading, they are unreliable companions. Successful trading requires discipline, patience, and a well-thought-out plan. Hoping for luck to be on our side is like leaving our fate to chance, and the market can be unforgiving to wishful thinking.

 

[bigdolly]

Not only to win lotteries. We need luck and hope for other day to day things as well.

But forex is a different scenario. No chance for luck or hope.

If you want to make trading your full time occupation there can't be place for luck of chance. Only solid trading systems based on statistics