Does prayer work in trading?

[SamReomo]

Technically no, you can't just trade and pray that's basically wreking your money. If you are going to pray that a miracle could happen like pump big pumps of meme coins or when you are losing the trade and prays that miracle could happen. Remember the price of the coin in trading is basically people buying and selling and prayers can't help you with that.

Well said, prayers can't change someone's trade's outcome. If someone trades a coin in hope to get profit and out of sudden the coin goes to dumping mode then no prayers could make that coin pump again.

Mostly people who believe in prayers buy coins without doing any necessary research and such people often end up losing money in trading because they trade shit coins/ meme coins that are worth nothing.

A good trader first sets a proper trading plan and strategy before opening any trades while the ones who rely on prayers are the ones who just want to get profits without doing any effort.

[Faisal2202]

In my religion we have this strong beleif that prayers can change our fortune and according to our prayers it can become better for us and prayers can save us from evils and any kind of problems which are written for us. Prayer is a strong thing to bear things out and I can't agree with you more.

Now I also agree that it does not work like that, like we pick a coin and invested money and start praying to make profit within 20 minutes and we have not even did some research in it too. Therefore effort is necassary without making any effort, working we can't acheive anything really.

[capokmerah]

As a person who believes in God, I always pray before engaging in any activity, including trading.
Technically, prayer doesn't have any effect on price movements. But for me, trading isn't just about trading.
Good decisions come from a calm mind. Prayer, for me, is very helpful in decision making.

So, my conclusion is that prayer is useful for a trader's mentality, not for predicting or changing price movements. When combined with the right strategy, a calm mind can actually improve overall trading performance.

[Jatiluhung]

In trading, there are many factors that must be considered. One of them is emotional management, which concerns our own psychological condition when trading. And this is where prayer also plays a role in bringing calmness to a trader so that they do not rush into making trading decisions. Someone who prays diligently will be more patient and less emotional when they have to accept defeat, and they will be very grateful when they achieve victory or profit in their trading. Therefore, saying that prayer has no effect at all is also incorrect when it comes to a trader's psychology, but saying that prayer alone guarantees success is also not valid. Because in trading, a lot of effort is required to achieve success. Such as thorough analysis, thorough planning, discipline in executing plans, and not getting carried away by emotions when the market starts to fluctuate, which usually affects a trader's psychology. So prayer, analysis, and good management are factors that cannot be separated from one another.

[passwordnow]

We have no control with the market but if you're a religious and prayerful guy, it might work for you. I do believe in God as well and I did prayed for the market to get better. I guess that everyone who's also have the same belief have done the same thing to make their portfolio's and trade's become better. The unbelievers won't understand that but if they say that they do, it's either they won't push for the disbelief they have or they would say that it's never been part of trading. So, both has respect for the believers and to the non-believers but we have the same agenda why we're in the market and that's to make some profit.

[Pandorak]

Essentially, prayer does have an important place in the decision-making process. However, for me, prayer is not a tool to change the direction of the market, but rather to calm the mind so that decisions can be made with a clearer head. Of course, these decisions will have an impact on our portfolio.

I still believe that technical analysis and fundamentals remain the main basis for trading, because the market moves based on data and market sentiment. Prayer serves to balance our minds, helping us reduce anxiety and stay sane when market conditions do not go as expected. So it's not that prayer is unimportant, it just has its own function. Both prayer and technical/fundamental analysis can coexist, as long as we don't rely solely on prayer to move the market, because often you'll end up with losses. Prayer is good, but it must be accompanied by effort.

[Mpamaegbu]

...you enter a trade and start praying for it to go up, do you think God will do such? Lol

I saw a similar question in the gambling section recently where an OP asked if people actually prayed before gambling. It's hilarious how people think a spiritual engagement (prayer) can equate a materialistic engagement (trading/gambling). It doesn't work that way. For a trade to be a successful one, a trader has to acquire the trading skill for it. It comes with training and not just a reliance on cosmos.

I want to believe this reliance on prayer for simple things that need training to get perfection is a warped mindset of what prayer should be for. We get to find this type of mindset in settings where religion has been used to brainwash the people. Africa is a bed for this type of thinking.

[GIF-JOBS]

We have no control with the market but if you're a religious and prayerful guy, it might work for you. I do believe in God as well and I did prayed for the market to get better. I guess that everyone who's also have the same belief have done the same thing to make their portfolio's and trade's become better. The unbelievers won't understand that but if they say that they do, it's either they won't push for the disbelief they have or they would say that it's never been part of trading. So, both has respect for the believers and to the non-believers but we have the same agenda why we're in the market and that's to make some profit.

In terms of religion, we believe in the Creator, and we also believe that if the Creator wants, he can make everything possible, so we can certainly pray to the Creator for our benefit, now it is not the case that if we pray, it will definitely bring us benefit. We can only pray from our side and continue to work with the best effort according to our ability, and if we are lucky, we will be able to benefit. The point is not that you can benefit only by praying, here along with praying, you have to try your best according to your ability, only then will there be a possibility.

[Jewan420]

God has given you a brain to learn, a will to try and a strength to work hard. Still you can pray to God, but that is after all the efforts. When you are helpless to fate and fail again and again after trying and working hard, then it is reasonable for you to pray for success. If even an incompetent trader could succeed in trading through prayer, then there would be no loser trader, because everyone keeps praying while trading.

[alastantiger]

But one thing prayer wouldn't do is to control the market to your favour.

Prayer trains you.

When people take about prayers in trading, I often tend to relate it o discipline. If you are religious and prayerful, there is a high chance that you are disciplined. As we all know discipline is a core skill for trading but that also means you train your mind and build up discipline you can trade and be successful, the prayer is to strengthen your faith. One thing we will all agree is that the market is still the market and all you can do is prepare yourself to make profit from that market with proper analysis, something discipline can help you with.

[FirmWars]

A post on gambling board also came up with same idea about prayer and gambling, but this is just fallacy pushed by religiouse people. The reality is quite the opposite of this believe, you can not become profitable in trading through prayers but by the level of your professional strategies and your management of risk, someone mentioned it already and it's true. If some people believes that prayer works in trading, how about those non religiouse traders that are making profits without prayers?

[Byebyebtc]

Prayer contributes 90% to trading. Instead of technical and fundamental analysis, simply praying can bring you luck and become more religious. On the other hand, you should consider the volatility of prayer; I mean, there are many prayers from people with open trading positions. And be wary of pray sweeps; I wish there were charts that could show that.

Essentially, God created the brain to think more rationally before praying.

Yh prayer is very important it has actually helped me personally,
The market can not physically change for you, it's you that will have to change for the market, and that is what God can help you do.
But mind you, you also have to work with God as well, with your patience, discipline, obedience etc.. to achieve the knowledge that you need to have in Oder to make the right decision. And God sends us the holy spirit to guide us to do all these.

[tottong]

God will let you loose and tell send some one or a video to remind you not to give up. He will help you in the process and also be with you, he will make you come across people and videos that will teach you the right strategy, he will make you see the consequences of inpatients and then you become patent as a result of experience, he will make you see the consequences of indiscipline and then you become discipline. But you will achieve these things the right and reliable way that will last forever because it's the training of God through the holy spirit

This is more at a religious level because belief in prayer will arise from various aspects of religion and how can the relationship between prayer affect the market in the trading we do?
We are not saying that prayer does not work, but rather that prayer is a form of effort for every process we undertake, but if we talk about trading then knowledge of technical and fundamental analysis is also very necessary for our involvement in it.
If you only rely on prayer but someone has no knowledge about trading, it is also a lie because prayer alone is not enough if someone does not try to learn trading properly.

God asks people to try and pray and doing just one of them will not work well and perhaps to some extent prayer can give hope to someone who wants to learn well about the trade they are in so that someone can achieve success in it.

[WatChe]

In my religion we have this strong beleif that prayers can change our fortune and according to our prayers it can become better for us and prayers can save us from evils and any kind of problems which are written for us. Prayer is a strong thing to bear things out and I can't agree with you more.

Now I also agree that it does not work like that, like we pick a coin and invested money and start praying to make profit within 20 minutes and we have not even did some research in it too. Therefore effort is necassary without making any effort, working we can't acheive anything really.

It's necessary to do proper research before investing in any coin and if you are opening a trade then make sure you are confident about the position you are taking. Prayers alone won't help us, if we are not ready to do work that is related to us like doing research on coins, reading charts etc. Like I have done my research on many coins and figured out that Bitcoin is best among all coins if invested for long term. Now if I pick sh*t coin and start praying for it's success then those prayers are of no use.   

[G_Besar]

As a person who believes in God, I always pray before engaging in any activity, including trading.
Technically, prayer doesn't have any effect on price movements. But for me, trading isn't just about trading.
Good decisions come from a calm mind. Prayer, for me, is very helpful in decision making.

So, my conclusion is that prayer is useful for a trader's mentality, not for predicting or changing price movements. When combined with the right strategy, a calm mind can actually improve overall trading performance.

Technical and prayer can also vary from person to person, but in this case, it seems you're someone who prioritizes prayer over technical matters, so you also pray before starting trading. I like that approach, but I still focus more on technical matters when I want to trade or want to be in the market for a while, although I also say a silent prayer when I'm about to start. However, it's important to remember that every trader doesn't need to rely entirely on trading, although some trade daily with the goal of profiting from the market.

[Iranus]

Prayer contributes 90% to trading. Instead of technical and fundamental analysis, simply praying can bring you luck and become more religious. On the other hand, you should consider the volatility of prayer; I mean, there are many prayers from people with open trading positions. And be wary of pray sweeps; I wish there were charts that could show that.

Essentially, God created the brain to think more rationally before praying.

I disagree here, because if praying really helps, for sure, traders who are having a hardtime to become profitable will solve their problem, I am not against with God or praying, but it just didn't work with trading, it's totally different. Maybe yes for jus psychological for yourself, beliefs or traditions, but in overall, I don't think so.

I am also a religious person and I pray regularly, and I believe it has a certain positive effect on my life. But we need to be realistic, and not just in trading, but in any kind of work or business. If we really want to make money and be profitable. We should rely on our knowledge, experience, and skills, and the profits we reap will be determined by those factors, not just by prayer.

We cannot be lazy, neglecting to cultivate knowledge, accumulate experience, and hone our skills, and then expect God to bless us. If we trade solely by praying, I think it's more like gambling than investing.

[ndutndut]

God has given you a brain to learn, a will to try and a strength to work hard. Still you can pray to God, but that is after all the efforts. When you are helpless to fate and fail again and again after trying and working hard, then it is reasonable for you to pray for success. If even an incompetent trader could succeed in trading through prayer, then there would be no loser trader, because everyone keeps praying while trading.

In every religion prayer is often practiced to calm ourselves when we face hardship or stress. Prayer can bring us relief. However as you said, you must first put in the effort before praying, because prayer alone will not lead to success in trading.

Prayer is a last resort after we have maximized our efforts, and we completely surrender to fate. In my religion prayer is also an act of worship as a servant because it prevents us from becoming arrogant by not involving God in any activity. Therefore I believe prayer in trading is very useful at the very least prayer helps you calm down thus helping you control your emotions and greed.

[rat03gopoh]

The only sentence I wrote seriously was the last one.
Guys, come on. Everyone, even the most religious, believes that God didn't create a worldly system that works as easily as we pray. That's completely irrational.
My imagination just described what it would be like if prayer were a determining factor in trading outcomes, all traders' prayers represent their own orders.

[Nahl]

For the religious people before they did the activities prayers is necessary because they thought the god will help them for what they will do and i think it's not wrong because every religion in the world have teach with prayers the god will help us and for trading i am sure some traders have done that because prayer can make positive vibes to started something including crypto trading but these people should be remember that prayer cannot control the market and if they were lost just do not blame the god

[justdimin]

Prayer contributes 90% to trading. Instead of technical and fundamental analysis, simply praying can bring you luck

This is very first time that I encounter this type of explanation over technical analysis (fundamentals got nothing to with trading). Honestly I did not expect this many support for prayers because I thought that people will ignore the role of prayers by categorizing it as kind of superstition. Prayers may bring you more luck but trading is not for that but you may go for gambling with such practices. Overall with prayers, we can trade in gambling way.

God created the brain to think more rationally before praying.

If you mean about the final touch about your decisions, I agree here. I mean, there are crucial moment in trading every day like we go for this trading pair or that or trade today or skip. For these kind of dilemma, you need luck for right decision.