Role of Luck in Forex Trading — Forex Poll

The markets (and Forex market in particular) are affected by three major categories:

  • Fundamental factors — supply and demand, interest rates and macroeconomic indicators;
  • Technical factors — supports and resistances, trends, chart patterns and waves;
  • Emotional factors — risk aversion, round number attractors, subconscious biases.
  • Despite this, the resulting market behavior is quite random and there are no surefire methods to predict this behavior. Trading isn’t an exact science and as the result, trading is strongly affected by luck or probabilities. Even the most unskillful Forex traders may get too lucky and win for some time, while even the most sophisticated traders may get bad at probabilities and lose everything. Personally, I believe that luck plays a very big role in my Forex trading results. And how about you?

    What’s the role of luck in your Forex trading?

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    If you have some questions or comments regarding the role of luck in the results of your Forex trading, please, feel free to reply using the form below.

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