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Question: when trading skills and luck which is more important?
Skills - 51 (28.2%)
Luck - 20 (11%)
both - 110 (60.8%)
Total Voters: 181

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Author Topic: Skills vs Luck *poll*  (Read 34734 times)
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November 23, 2016, 06:40:06 AM
 #521

When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.
Well, you can improve your skills but you cannot do it with your luck. As a trader, you must be focus with skills along and if we say a specific trader is skillful that is understood to be knowledgeable as well. Luck will help you along the way but do not expect it.

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November 23, 2016, 08:21:05 AM
 #522

When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.
The percentage of role of luck and skill in trading definitely is not same all the time. But the role of luck in trading is definitely less significant when we are comparing to gambling.
But sometimes this less significant luck factor, may become as a prime factor to decide the outcome of our trading, but definitely not in consistent manner for long run. Without luck, I believe no one will be able to survive in any field so in trading too.
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November 24, 2016, 11:32:56 AM
 #523

When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.
Well, you can improve your skills but you cannot do it with your luck. As a trader, you must be focus with skills along and if we say a specific trader is skillful that is understood to be knowledgeable as well. Luck will help you along the way but do not expect it.
Yes that is a fact that you can improve your skill but you cannot do anything with your luck as your luck is not in your hand it is already fixed by God and He can do change it for your if he likes to do so. Therefore to me the most important thing for which your success depend is your luck, and after that you can rely on our skill and experience.

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November 24, 2016, 08:26:29 PM
 #524

When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.
Well, you can improve your skills but you cannot do it with your luck. As a trader, you must be focus with skills along and if we say a specific trader is skillful that is understood to be knowledgeable as well. Luck will help you along the way but do not expect it.
Yes that is a fact that you can improve your skill but you cannot do anything with your luck as your luck is not in your hand it is already fixed by God and He can do change it for your if he likes to do so. Therefore to me the most important thing for which your success depend is your luck, and after that you can rely on our skill and experience.

Your luck may well be someone else's skill

Luck is really "authentic" only in gambling such as dice. In trading, luck basically reflects the lack of information. But the level of your understanding, or how well you are informed, for the most part depends on you and what you do to stay informed, not on God's will. Indeed, you may never have all the relevant data, especially if you are only an ordinary trader and don't have access to insider information or can otherwise milk the market. Nevertheless, it still wouldn't be quite correct to say that luck in trading is something absolutely existential which couldn't be overridden by skill and knowledge

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November 24, 2016, 10:45:31 PM
 #525

Its indeed both its a combination from both together without luck you will not make profit but without any skills you will most likely also not make profit!
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November 25, 2016, 12:56:30 AM
 #526

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.

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November 25, 2016, 02:41:59 AM
 #527

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.

skill and luck, two different thing that we should have, but maybe the luck is the most factor when we do trading and skill is the other factor that we should learn. without learning about trading, i think its impossible for us to get profit in short time and we only hope that luck will come to us. some of newbies can get their luck and get profit in their first trading but with the time is going, that person will need to learn about trading so in future, his skills is growth and he can make big profit.



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November 25, 2016, 04:29:22 AM
 #528

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .
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November 25, 2016, 06:07:22 AM
 #529

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .

You can master skills but you cannot do the same with luck. Just don't get too confuse as in real business when having a strategic planning, we do not even consider luck. We only consider variables that we can see and touch.
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November 25, 2016, 06:09:08 AM
 #530

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .

You can master skills but you cannot do the same with luck. Just don't get too confuse as in real business when having a strategic planning, we do not even consider luck. We only consider variables that we can see and touch.
Thats right i guess its always good to know your edge not just relying with you luck for sure better knowledge will make a big diff.
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November 25, 2016, 10:17:43 AM
 #531

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .


Yes, in a trade that dominates success is a skill. Luck only as a complement to be able to get profits in trading.
Skills indispensable in trade, especially trade forex.
We must be good looking at the market and analyze, if you can do very well it will generate a big profits.
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November 25, 2016, 10:31:37 AM
 #532

When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.

I could not understand why do you think that skills are required in order to be successful in trading.
Skills are not the key for success here, you will better have luck, because trading is mostly based on luck.
if you have luck you will be successful, if you don't have luck, then you have a problem and you should quit trading.
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November 25, 2016, 10:58:41 AM
 #533

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .
I think, to me skill is one of the fundamental element of your success, skill and experience are the secondary option, in most of the signature campaign you can see that when a new campaign launched people apply there, if the campaign needs 10 member and 30 quality posters  has applied only 10 will be select by the manager so the 10 are luck on that day and the rust are not lucky, although all of them are well qualified. So, where is your skill and experience here ?
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November 25, 2016, 12:44:40 PM
 #534

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .
I think, to me skill is one of the fundamental element of your success, skill and experience are the secondary option, in most of the signature campaign you can see that when a new campaign launched people apply there, if the campaign needs 10 member and 30 quality posters  has applied only 10 will be select by the manager so the 10 are luck on that day and the rust are not lucky, although all of them are well qualified. So, where is your skill and experience here ?
Where's the skills on that part, I think the example does not fit the discussion and in the first place we are talking about trading and in application of signature campaign is way different as there is no risk there and you can do anything without losing any cents.

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chesatochi
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November 25, 2016, 03:54:26 PM
 #535

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .


Yes, in a trade that dominates success is a skill. Luck only as a complement to be able to get profits in trading.
Skills indispensable in trade, especially trade forex.
We must be good looking at the market and analyze, if you can do very well it will generate a big profits.

I think you need to understand first to interpret what is going on the news and the emotions how to people react to the news. Then you need to analyze the graphics and try to see the pattern and make a bet and hope to win the trade. I think luck is also involved because the truth is you can't predict for sure at 100% of the time.

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November 26, 2016, 01:15:24 PM
 #536

In my opinion,  We need both luck and skills in trading. You cannot have a successful trading transaction without skills and also luck will greatly help you to accomplish it.

But relying on luck is not a wise decision because luck is not always there in every transactions you will made. Better polish your skills in trading instead.

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icecube45
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November 26, 2016, 01:46:40 PM
 #537

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .


Yes, in a trade that dominates success is a skill. Luck only as a complement to be able to get profits in trading.
Skills indispensable in trade, especially trade forex.
We must be good looking at the market and analyze, if you can do very well it will generate a big profits.

I think you need to understand first to interpret what is going on the news and the emotions how to people react to the news. Then you need to analyze the graphics and try to see the pattern and make a bet and hope to win the trade. I think luck is also involved because the truth is you can't predict for sure at 100% of the time.
Yes indeed we must interpret the news again with the graphics market to more accurately predict the price. Indeed, luck is also needed in trade but abilities in trade is indispensable and decisive success in order to profit. Especially in forex trading we can predict them accurately in my opinion.
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November 26, 2016, 08:55:43 PM
 #538

In my opinion,  We need both luck and skills in trading. You cannot have a successful trading transaction without skills and also luck will greatly help you to accomplish it.

But relying on luck is not a wise decision because luck is not always there in every transactions you will made. Better polish your skills in trading instead.

Yes... People say that skills are enough to make a lot of profit trading, but I don't see logic on it. I think luck is necessary too, I don't understand the logic the price will up or down. The only thing I know is that BTC price always increases on long term and we don't need to worry about that. But all the rest for me is very risk like gambling.

 
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November 27, 2016, 12:11:58 AM
 #539

Its indeed both its a combination from both together without luck you will not make profit but without any skills you will most likely also not make profit!

I guess if you are not skilled but if you have luck still you will able to get some profit but that's very rare and you will just hope for your luck. But that is going to be better if you will have those two qualities  to secure the profit that you will make in trading. Because I don't know if there are people who are trading and totally depends on luck.
Yeah that's true if you're not skilled you will not get luck if you are poor in skills you will become successful and you will not gain luck so praticing in trading gives you a high percentage of luck.

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November 27, 2016, 12:29:49 AM
 #540

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.
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