The 95% of losers, its true?
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Thread: The 95% of losers, its true?

  1. #1
    I'm newbie of course. I knew FX and nigeriaforextrading just 4 weeks ago. I read many of posts here and have just two very simple questions.
    Everywherewe see this and create it as an alert: 95% traders proceed with the win every year, just 5% survive. These words appearred in 70-80 decades, today all the world we have indiors, patterns, autochartist, therefore this ratio is true untill now? If it's correct, from where we have such many people take part in FX everyday?
    The next question is that do you know what legends of this FX today? ( and the sum moneys they take from FX? Please tell me that he's somebody who own a business or a few hundreds $ at the start )
    Thanks for comments

  2. #2
    Quote Originally Posted by ;
    95% traders go with the triumph every calendar year, only 5 percent survive. Where we have such many people participate in FX everyday?
    If you mean 95 percent of novices quit forex in the first year, I think it's most likely correct.

    Quote Originally Posted by ;
    would you know what legends of the FX today? ( and the amount moneys they take from FX? Please tell me that he's somebody who have a company or any millions $ at the start )
    Thanks for remarks
    I don't really understand this question.
    I know more than a few traders that earn substantial amount money from forex trading. A number of them handle other people's accounts.

  3. #3
    The 5% get all of the money from the 95% excluding broker fees.

    Now you see why Forex could be so profitable, but only if you can out commerce another 95%.

  4. #4
    It all comes back to you. You have to decide to be the 95% or the 5%. To stick to the plogical speculators without a plan, or a committed professional trader with a solid business plan. If you understand this statistic then you'd also know that money and risk management is the Holy Grail in FX. Your entry and exit egies might be as bad as 50 percent, but if cut your losses quick and let your profit streak, coupled with the most significant risk and money management, you are going to increase your account in the longterm. Techniques only affect can you make money.

  5. #5
    Just focus on improving, research, spend hours ahead of charts, question what, research some more, etc

    don't fret about how much money other people lose or make

  6. #6
    Yes its fact that they are earning millions $ in the beginning. Nobody can alter this Truth

  7. #7
    In the very long run 5 decades , 99% of retail traders lose, do not even bother to start trading if you still haven't invested any real money, cuz you will lose all of it.

  8. #8
    Globally and in terms its true.

    However if you take 1000 individuals that know nothing about FOREX and provide them classes for 1 month (well, if you want 6 months or 1 year), then you'd see maybe only 80% of losers. .

    I believe one Forex Broker released some stats this past year in their active traders and that I believe only 70% or so were losers...

    Basically having so many banner ads on the internet about fxcm or such make people combine like they combine a casino, and that generates so many losers. The amount is obviously over-inflated, but its truth.

    Along with the FACT that its a ZERO SUM company doesn't help at all . As long as you have rich traders become more rich, it generates more losers over time.

  9. #9
    Id say its 95% of people give up before they're profitable.

    Trading is much better approached as a skill.

    I think that the zero sum game logic is crap. . People are on the market to get a world of reasons. . In abstract the person who is taking the opposite end of your contract could be closing out a profitable position, entering a long term position from the other direction, buying parts from japan, whatever. Actually its likely the interbank market/your market maker, but conceptually the situation.

    So far as prices go, doesn't it take many thousands of contracts to proceed to the market one pip? Thus, if the market spikes 10 pips someplace. . Its very illogical to presume someone is out there to beat you . Its more a part of you trading badly (trust me, I've got tonnes of experience now )

    Of course, if your market manufacturers prices do not match the feeds on nigeriaforextrading or tradingview and so on, then maybe someone is out for you, but isnt the market itself...

  10. #10
    shannok23
    Guest
    Quote Originally Posted by ;
    Id say its 95% of people give up before they are profitable.

    Trading is much better approached as a skill.
    1

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