Since it has been posted by Jupiter here, regarding FXCM UK Client Profitability figure, I've found interesting the following:
among all FX brokers in Latvia stating the figure over 70% as unprofitable accounts, there's Citadele Bank claiming "43 % no AS “Citadele banka”
privāto ieguldītāju kontiem zaudē naudu, veicot FOREX maržinālo tirdzniecību." So, just 43% of unprofitable. I'm to ponder on this more, maybe the reason is that minimum position to trade is 50K (scout size, in our terms = 0.5 Lot) and maximum leverage is 1:30, although one can start trading with 1K only. The percentage might be this low because only mature, experienced traders may step in. Then, 57% are profitable. Any ideas?
among all FX brokers in Latvia stating the figure over 70% as unprofitable accounts, there's Citadele Bank claiming "43 % no AS “Citadele banka”
privāto ieguldītāju kontiem zaudē naudu, veicot FOREX maržinālo tirdzniecību." So, just 43% of unprofitable. I'm to ponder on this more, maybe the reason is that minimum position to trade is 50K (scout size, in our terms = 0.5 Lot) and maximum leverage is 1:30, although one can start trading with 1K only. The percentage might be this low because only mature, experienced traders may step in. Then, 57% are profitable. Any ideas?
Not to Advance is to Fall Back
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