The statistic is actually.
95% of all traders fail in the first 6 months.
95% of all traders fail, lose or are unprofitable.
If you make it past 6 months, as a trader, your in a position that is better than 95% traders that started before you. You can truely pat yourselves on the back, at this point.
But it is totally false that 95% of all traders fail, as a whole. Because the ones who make it past 6 months usually have a lower dropout rate.
The second statistic is false data, and needs to be rectified, because i see a lot of people with ambition and passion coming across people promoting the latter statistic and giving up all hope, or dampening any hope they have.
just wanted to get that point across.