I also think the vast majority lose at forex, but mingary seems to be of the low % who make money from trading currencies.
Compulsions can be hard to resist
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DislikedYou may not compare a "normal bona fide business venture" (like a restaurant startup) to Retail Forex; lest some hopeful soul be mislead !! (: Correlation does not imply causation! Therefore, you may compare "oranges to oranges", Retail forex is essentially a betting game. In this less than zero sum game like retail forex, the retail market participants part with their money rather quickly, partly due to the low barrier to entry and the constant "come on for a swim the water is fine" type of lies. Retail forex = glorified casino. For instance, you...Ignored
Disliked{quote} So I don't need my pots and pans at the poker table? I'M SO CONFUSEDIgnored
Disliked{quote} and you don't have to, I think that your audited results speak for yourself. I doubt 5% of any self called "successful" trader will provide one if asked.Ignored
Disliked{quote} That is correct you don't need your pots and pans at the poker table. I think you are confusing Pots and Pans with Plots and Plans ..Ignored
Disliked{quote} and you don't have to, I think that your audited results speak for yourself. I doubt 5% of any self called "successful" trader will provide one if asked.Ignored
DislikedFrom my experience i would say because the lack of knowledge in forex and due to choosing wrong broker leads to loss. When i started as a beginner i made many mistakes and dint try to learn from it but just kept doing it again and again.Ignored