The 95% of losers, it's true?

I agree that such a high percentage of traders can be losers in forex market. This is because so many face the problem of not having a proper mentor-ship that causes them keep on trying on their own and in the process, they lose huge amount of money.

if you coming into forex with the purpose of making huge amount money straight away within a year or two ... you wont last long.

I believe your goal within the first year is to gain as much knowledge as you can and screen time ie. watch the price action

if you are breaking even in the first year then you are already doing well

second year is when you will starting to be profitable...

my analogy is if a brain surgeon takes 10 years and huge amount of debt to become qualified... why should a professional forex trader be any different.

the reason for the high turn over rate is most people come into game with the exact wrong reason as noted above and just give up.

It is true as you can see all around you that most of the traders that you talk too or discuss about trading, they are seemed to worry about their losses. So in this case I can say that 95% are losers in forex market.

Now there's a challenge You lot really are a pessimistic bunch, are there no optimists here?

Credits to FXCM

Q2 2012
% Profitable: 29%
% Unprofitable: 71%
Total Accounts: 19,238

Q3 2012
% Profitable: 26%
% Unprofitable: 74%
Total Accounts: 20,071

Q 2012
% Profitable: 31%
% Unprofitable: 69%
Total Accounts: 20,379

Q1 2013
% Profitable: 29%
% Unprofitable: 71%
Total Accounts: 21,775

Looks like more than 5% survive, but of course we don't know how much winners make, or losers lose.

we could assume of the 30% profitable each quarter,70% are unprofitable the next....it doesn't look good

Easy, dont they know that to be profitable all you have to do is join Forex Factory?

No-one on here loses ....

The numbers can be so high as most of the traders I met are struggling in forex trading. A great hurdle for most of the non english traders is the language barrier that they face as most of the learning stuff is in english.