Which is True about forex traders?

WHICH IS TRUE:...?

1. 95% of forex traders loose money

OR

1. 95% of ALL forex traders loose money

whats the difference between two?

Sorry. I mean:

 

1. 95% of all retail forex traders loose their money.

1. 95% of all forex traders (retail and pros) loose their money

How could you be a pro, and be in the 95%??

I don't know. Thus the reason behind the question. Its either way as there are those who call themselves pros that aren't though.

The main reason why retail traders make money is because they pay the spread.

Though the following statement isn't based on any empirical data, you could expect that 95% of all market takers lose money, whereas 95% of all market makers make money.

And I suggest you forget about the "professional" label.

There's winning traders and losing traders. Winning traders either have an edge or have experienced good luck. Losing traders either don't have an edge, or have experienced bad luck.

I think I agree with this. I just want to know if the 95% statistics is generalized.
Thanks.

I've come to accept the most accurate and simplest version of this old cliche statement (in my opinion) as "99% of all people who attempt to trade FX are not profitable". That way it encompasses those who attempt to trade only briefly before quitting, and those who struggle over a longer period as break-even traders, perpetually floating from net loss to win. The remaining 1% (probably less, I would actually guess) are profitable traders (who may or may not trade for a living).

Until I see some data backing up one of the statements, my hunch is that they're probably both incorrect.

P.S. - The correct spelling is "lose" not "loose". Loose is a real word but it means something else.

I would say 95% of Forex Factory traders lose money. I mean have you seen some of the trading systems on this site. Its no wonder 95% lose money.

Profitable Accounts Report from Forex Magnates (I am not affiliated) & also available from CFTC. Q3 should be out in a few days:
http://forexmagnates.com/wp-content/...y-q2-20112.jpg

It's impossible to define what percentage of "traders" are unprofitable. Many try a few times and quit in frustration with a quickness. Many struggle indefinitely, and some make it to consistent gains.

But, a lot of activity in the market is corporate. They don't always care where the rate goes after they've done their business. There are many different reasons for entering positions, sometimes it is to hedge against future moves. Should this be included in the percentage ??

The one thing that the market will likely always do, is cream the masses. It doesn't care about anyone's individual retail trades. However, when there are clusters of stops, big money will obviously gun for them. And when pretty much everyone thinks that 'the market is going to go up'... that's when it will go down. Even if just enough to shake out the weak hands before moving in it's intended direction.

Clearly, the market ain't no giveaway program. It is a lot better at taking than giving. But it can be mastered, with the right mindset, years of experience, and a defined edge.

Everything in life is a risk. Restaurants also sport a 95% failure rate, as do many profit seeking endeavors.

In the end, it's not even you against the market, it's just you against you.

Many Thanks. I am almost gone from FF, but from time to time I come to laugh and cry a little, and rarely to be surprised with something as simple and deep as your post.

I would say that its just you against you since the first day.

The high failure rate is in all business endeavors and in life, in forex (or trading in general) the failure could be more drastic, in line, with the dreams that motivate people to come to this arena.

What people dont understand is that you CANT master this profession, following a system posted on internet, or bought, or reading a book, or ten, you need a lot more than that, you need 10,000 screen hours...

A good reading about that here:

http://www.tradersnarrative.com/the-...cess-2460.html

Good Trading to all

Pepe

I don't know if people loose money but i know for sure there are losers out there. Just ask a trader if a trade has ever reversed on them and you will get an answer of yes about 100%

i think that if you go with technicals and fundamentals of the markets, tehn the chances of loosing money, you may reduce

Concerning this table, I'd like to point out that these are quarterly figures, and given the small spread these days, random luck can account for the relatively large amount of winners.

If we were provided the same data but on larger times scales, the effect of the random noise (luck) would diminish, and we would see figures that resemble the true mean more closely. This would probably tend to the 95 or 99 percent figure. Inversely, I reckon that on a daily basis, the number of winning traders may approach the 50% level on average.

During my more than ten years of trading I have two profitable clients 1 account has a span of two years (2008-2010), where Lehman Bros are collapsed but not my forex client account considering his total investment with me is $40,700 and yet he withdraws $42,381.68 not a spectacular one but it survives, another one is from april-jun 2011 in just span of two months my other clients earned $7,335.23 trading the aussie....experienced is the best arsenal in order for you to trade profitably....... "Don't trust your emotions, and never be controlled by them. We're to walk by faith, not by feelings. Sometimes we must choose an attitude that's contrary to the way we feel." .......and always remember according to Sam Seiden "If you're going to compete in the game of trading, make sure you have an edge or you will lose your money to someone who does. This game is a transfer of accounts from those who fall for professional "traps" into the accounts of those who set the "traps" It's the old hunter and the hunted.

95% of traders on Forex Factory cannot spell LOSE!

Loose, loose wtf is loose???

It's LOSE idiots!!! LOSE
repeat ...LOSE
:-)

Looks like you don't like it at all.

Regards,

Josef