DislikedYou cant have a “decent debate” with addicted gamblers, many of who display mental health issues, who are delusional fantasists and permanently locked in denial. Tell them 96% of FX traders lose, no problem they’ll be part of the 4%. Tell them only 0.1% of traders scrape a living out of FX, no problem, theyll put fingers in ears and embed a funny video. Tell them central banks and financial authorities will work in tandem to crush leverage down to 1:25, no problem, they’ll trade offshore. Tell them the U.K. FCA discovered 85% of CFD traders lost...Ignored
But the way in which you present those facts is misleading and for purpose of being over dramatic.
95 % OF RETAIL try there hand at forex and realise that this like any thing else in life requires a prolonged period of learning and a huge amount of time and EFFORT.they loose there stake and move on.
Those that under go that enormous learning curve the remaining 5 % .Are the group you should base your stats on .you will find the results flip side and the results will be closer to 95 % are in fact winners.i would presume that the gains made from the 95 % winners ,would then be
spread across multiple instruments to reduce risk and find New lower risk returns coupled with higher risk instruments such as forex.
You can not deny the initial 95 % OF losers the right to participate in the market based on the fact they were unwilling to put the required work in to be successful. That's why we live in a democratic capitalist world.only those with the desire and mindset will succeed in any endeavour not just forex.