Is forex a skill or luck?

Forex trading outcomes are influenced by both skill and chance. Over a large sample of trades, a tested strategy, sound analysis, and strict risk management produce an edge that decides your overall outcome.

Any single trade can go either way no matter how well you prepared, which is why a short run of wins or losses tells you little about your ability. Judge yourself over hundreds of trades, not a handful. This distinction highlights the role that analysis and risk management can play in trading decisions, although forex trading remains speculative and involves significant risk.