Thread: The 95% of losers, its true?

To be honest I would like to believe the figure was high, mainly as the same exact stat applies for sports gambling also. Just 5 percent of sports bettors actually turn out on top and make a long term profit, I would like to feel that with the chances Involved in our favour as traders, that we'd be successful. I did see a chart from a broker some time back and it revealed profit and loss from percentage for clients throughout 2011. I remember it saying 70 percent had negative balance by the end of the calendar year, so 30% would've made a profit throughout 2011.

Originally Posted by ;

To be truthful I'd love to think that the figure was higher, mainly as the exact specific stat applies for sports betting too. Only 5 percent of sports bettors actually turn out on the top and make a long-term profit, I'd love to feel that together with the chances Involved in our favor as traders, which we would be successful. I did see a chart from a broker some time back and it showed profit and loss from percentage for clients throughout 2011. I remember it saying 70 percent had adverse balance by the end of the calendar year, so that means 30% would've made a profit throughout 2011.

Based on an official analysis from PhD John Forman based on thousands of LIVE Accounts in RETAIL ONLINE FOREX BROKERS, only 0.4% end profitable following 1 year of gambling.

Seriously, I want the numbers were different, and 50% left a profit, which would be great for everybody in this forum, but the Sad Truth is that only 0.4percent are profitable following 1 year of trading. So, 99.6percent eliminate money following 1 year of trading. Again, we are speaking about FOREX BROKERS.

The US Government compelled RETAIL FOREX BROKERS to report every thing because year 2010, that is why you will only find official numbers for the last few decades.

I concur that such a large proportion of traders can be losers in Foreign Exchange market. This is only because so many confront the problem of having a proper mentor-ship which causes them continue trying in their own and in the process, they shed large quantity of money.

If you coming to forex with the purpose of earning huge amount money right away within a couple of years... you wont last long.

I believe your goal inside the first year will be to gain as much understanding as you can and monitor time ie. Watch the price action

if you're breaking even in the first year then you're already doing nicely

second year is if you will starting to be profitable...

my analogy is when a brain surgeon takes 10 years and huge amount of debt to become qualified... why should a professional forex trader be any different.

The main reason behind its large turn over rate is most people come into match with the exact wrong reason as noted above and just give up.

It is a fact since you are able to see around you that most of the traders which you speak too or talk about trading, they are seemed to worry about their losses. So in this case I can say that 95 percent are losers in Foreign Exchange market.

Originally Posted by ;

I have been monitoringnigeriaforextradingtrade explorer and every trader who had been performing extremely well a year past has been murdered,murdered and waxed. None has demoned.

Now there's a challenge You lot are a pessimistic bunch, are there really no optimists here?

Credits to FXCM

Q2 2012
% Profitable: 29 percent
% Unprofitable: 71 percent
Complete Accounts: 19,238

Q3 2012
% Profitable: 26%
% Unprofitable: 74%
Complete Accounts: 20,071

Q 2012
% Profitable: 31%
% Unprofitable: 69 percent
Complete Accounts: 20,379

Q1 2013
% Profitable: 29 percent
% Unprofitable: 71 percent
Complete Accounts: 21,775

Looks like more than 5% survive, but of course we don't know how much winners create, or losers lose.

Originally Posted by ;

Credits to FXCM Q2 2012% Profitable: 29% percent Unprofitable: 71% Total Accounts: 19,238 Q3 2012% Profitable: 26% percent Unprofitable: 74% Total Accounts: 20,071 Q 2012% Profitable: 31% percent Unprofitable: 69% Total Accounts: 20,379 Q1 2013 percent Profitable: 29% percent Unprofitable: 71% Total Accounts: 21,775 Looks like over 5 percent survive, but of course we do not understand how much winners make, or losers lose.

We could assume of this 30% profitable per quarter,70percent are unprofitable the following....it doesn't look good

Easy, dont they know that to be profitable all you've got to do is combine nigeriaforextrading?

No-one on here loses ...

The numbers can be so large as the majority of the traders I met are struggling in forex trading. A fantastic barrier for most of the non english traders is the language barrier they confront as the majority of the learning stuff is in english.