95% Lose in FX is a Myth: % Profitability in the US last year
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Thread: 95% Lose in FX is a Myth: % Profitability in the US last year

  1. #1

    95% Lose in FX is a Myth: % Profitability in the US last year

    In a bid to manage this stink stink we always hear about the way this 5 percent of FX traders are profitable and the remainder are all losers, I have discovered a public document with some quite interesting statistics.

    I've been an advoe this 5 percent rumour can't be accurate as every trader I know personally is in profit and I've finally found a respectable report that kicks the 5 percent in its nuts. I do not have info on exactly HOW profitable they are, the amounts just indie IF the account has turned a profit in the preceding calendar year.

    I've shaded the brokers for apparent reasons:
    that I ********** B****** - 45.3percent in Profit
    O**** - 32.5percent in Profit
    F*** - 29.9percent in Profit
    that I ** - 23.1percent in Profit
    G*** C****** - 27.0percent in Profit
    I***/T*********** - 30.2percent in Profit
    F*** - 28.0percent in Profit
    C***** - 42.0percent in Profit
    M* T****** - 26.8% in Profit

    The sample is derived out of over 90,000 busy FX accounts in the US This past Year.

    There is ZERO indiion which 95% of FX traders eliminate money, in reality it seems in some cases its almost 50 percent MAKE money!

    I hope that goes some way to dealing with the endless anguish we read every day.

    HP

  2. #2
    O**** - 32.5percent in Profit

    I do not understand about the other brokers, but I really do trade via O****. They cover interest on carry trades, so I'm assuming the majority of their profitable customers are holding carry trades. But, a more important point needs to be made here - just being profitable one year means nothing. What things is profitibility following 5 years, ten years, etc.. There's the rub, and that's what's currently pointing outside.

    I really do disagree with one thing - many millionaires do not offer society with anything helpful. They're rich because they're leeches that are social. In selling crap we do not really want, nor is thinking serving any real purpose I see no value. Nor for that matter is dribbling a basketball or acting in a film use to society.

  3. #3
    Trading forex doesn't help society and no one is twisting your arm to buy their' junk'. Clearly lots of people do like their junk or else they would not buy it and the junk seller would not be rich. ( by the way, society is helped by these rich folks employing other people to produce this junk )

    why are you currently investing forex if the purpose is not to get rich? ( assuming the success rate is as low as folks think )

    why do people want to hate on rich men and women? Lots of men and women are great, quality people that support their communities

  4. #4
    Quote Originally Posted by ;
    trading Foreign Exchange does not help society either, and no one is twisting your arm to buy their' crap'. Obviously lots of people do like their crap or they would not buy it and also the crap seller would not be wealthy. ( incidentally, society is aided by these wealthy folks employing different individuals to make this crap ) why are you currently trading Foreign Exchange if the purpose isn't to get wealthy? ( assuming the success rate is as low as folks believe ) why do people want to hate on wealthy men and women? Lots of wealthy men and women are good, quality people that support their regional communities
    I believe even though I'm rich I will still be trading mall stores. It's more fun than video games.

  5. #5
    Quote Originally Posted by ;
    quote I think even though I'm rich I will still be trading bucket shops. It's more fun than video games.
    Hey, I certainly agree with this, I will always be trading forex, however affluent I get!

  6. #6
    Quote Originally Posted by ;
    quote I think even though I am rich I'll still be trading bucket stores. It is more fun than video games.
    Feel exactly the same. It is fun trading forex along with the bonus

  7. #7
    Quote Originally Posted by ;
    quote Feel Exactly the same. It is fun trading FX and also the bonus
    Definitly agree, I trade because I love it. . .much fun then video games, profit is merely a bonus

  8. #8
    And yet another study, this time from Poland.

    According to the analysis, roughly 81% of customers of Foreign Exchange brokers in Poland realized losses in their accounts, whereas 19 percent of the customers have achieved gains. The analysis encompassed results accumulated between the 1st of January and the 31st of December of 2013.

    Http://forexmagnates.com/exclusive-p...ults-unmasked/

    This was over a 1 year interval. I'm fairly sure the amount goes to over 90% losers, if they were to extend that to three decades.

  9. #9
    Quote Originally Posted by ;
    And another study, this time from Poland. According to the study, about 81% of clients of forex brokers in Poland realized losses on their accounts, while 19% of the clients have attained profits. The study encompassed results accumulated between the 1st of January and the 31st of December of 2013. Http://forexmagnates.com/exclusive-p...ults-unmasked/ This was over a one year interval. If they were to expand that I'm fairly sure the amount goes to over 90 percent losers.
    Great info

  10. #10
    Quote Originally Posted by ;
    And yet another study, this time from Poland. According to the study, about 81% of clients of Foreign Exchange brokers in Poland realized losses on their accounts, while gains have been achieved by 19 percent of the clients. The study encompassed results accumulated between the 1st of January and the 31st of December of 2013. Http://forexmagnates.com/exclusive-p...ults-unmasked/ This was a one year interval. When they were to expand that to three years, I'm pretty sure the amount would go to over 90% losers.
    However, how can you or the Forex Magnates article - clarify the first post of this thread in which the stats reveal many traders are actually profitable?

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