90% of traders lose money! True or False? | Page 6 | Forex Factory

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90% of traders lose money! True or False?

  • #101
  • Jun 18, 2018 7:11am Jun 18, 2018 7:11am
can we trust broker signal ? any experience there is anyone ?
  • #102
  • Jul 2, 2018 9:57am Jul 2, 2018 9:57am
We finally have some official statistics!

According to a survey published by the Australian Securities and Investments Commission (aka ASIC, which is the Australian financial regulator), 80% of Binary Options traders lose money, while the percent with CFD and forex traders is 72 and 63 respectively.

ASIC points out that actual client profits are inconsistent with marketing materials; risk management practices for client money are outdated; some referral arrangements may be in breach of selling prohibitions and last but not least that some brokers are providing wholesale services or allowing third parties to ‘white label’ their products without operational capital to supervise counterparties and support their exposures.

These numbers are better than what I thought they would be, but 63% of Forex traders losing money is still pretty bad.
  • #103
  • Jul 4, 2018 5:14am Jul 4, 2018 5:14am
Quoting mlawson71
We finally have some official statistics! According to a survey published by the Australian Securities and Investments Commission (aka ASIC, which is the Australian financial regulator), 80% of Binary Options traders lose money, while the percent with CFD and forex traders is 72 and 63 respectively. ASIC points out that actual client profits are inconsistent with marketing materials; risk management practices...
Thanks for your information, hope it will works.
  • #104
  • Jul 4, 2018 5:41am Jul 4, 2018 5:41am
Quoting NathanAstel
can we trust broker signal ? any experience there is anyone ?
No way, if signal providers will honest as much as they offer; then the success ratio will be more than 10% for sure.
  • #105
  • Jul 4, 2018 9:58am Jul 4, 2018 9:58am
I prefer to trade on my own rather than trust any signal provider. That way both my successes and my failures are my own.
  • #106
  • Jul 5, 2018 2:38am Jul 5, 2018 2:38am
I'm not into the stats. But trading is all about psychological and emotional game, which 90% (or majority) traders are weak at.
  • #107
  • Jul 5, 2018 4:53am Jul 5, 2018 4:53am
Emotion is a common human nature for that reason it is difficult to control completely , there is no one who can trade without emotions , but by means of regular practice emotions can be controlled , so it is more appropriate to ensure regular practice if you want to remove emotions when trading.
  • #108
  • Jul 18, 2018 10:44am Jul 18, 2018 10:44am
I used to ask this question often and then you realise this:

90% of businesses go bust in their first few years
90% of kids never go on to play professionally in their sports or arts

The reason is most treat these as hobbies and hobbies cost money. So forget about the stats and ask yourself what are the real reasons that keep you going.

Remember, we are competing against people with way more experience and capital, so just realise how harder you need to work on your skills to have a chance.
  • #109
  • Jul 18, 2018 12:49pm Jul 18, 2018 12:49pm
Quoting Mindsetter
I used to ask this question often and then you realise this: 90% of businesses go bust in their first few years 90% of kids never go on to play professionally in their sports or arts The reason is most treat these as hobbies and hobbies cost money. So forget about the stats and ask yourself what are the real reasons that keep you going. Remember, we are competing against people with way more experience and capital, so just realise how harder you need to work on your skills to have a chance.
I agree and also someone that started trading very recently will lose for sure. What would be interesting to know is after a year 2 or 3 how many traders still lose money
  • #110
  • Jul 18, 2018 3:33pm Jul 18, 2018 3:33pm
I don't care as long as I belong to the successful side.
Toxic Flow for FX Brokers.
  • #111
  • Jul 19, 2018 5:34am Jul 19, 2018 5:34am
Quoting STrading
{quote} I agree and also someone that started trading very recently will lose for sure. What would be interesting to know is after a year 2 or 3 how many traders still lose money
Within very short time there is no one who can got success from this trading place , 2 -3 years is not enough time to get something more. It’s a time just make sure good learning , nothing without it.
  • #112
  • Jul 19, 2018 6:41am Jul 19, 2018 6:41am
just make sure real trading discipline and earn more profit within short time. thats all.
  • #113
  • Jul 19, 2018 10:37am Jul 19, 2018 10:37am
You need to ask yourself the real deep motivation behind your trading. What keeps you going year after year?

The best footballers don't play for money
The best artists don't perform for money
The best entrepreneurs don't do it for money
The best salespeople don't sell for money
and so on... and best traders are no different

They are just obsessed about what they do, it's the game, the process and money will flow as they become better and better.

The best thing about the markets is you always end up getting what you want. Be it thrill, social approval or short-term glory, you will certainly get it, instead of money in the long run.
  • #114
  • Jul 19, 2018 11:32am Jul 19, 2018 11:32am
False, it's 99%+
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #115
  • Jul 19, 2018 12:03pm Jul 19, 2018 12:03pm
Who knows?????
no one can have exact source.
personally, I do not agree, so False.
  • #116
  • Aug 6, 2018 9:23pm Aug 6, 2018 9:23pm
Quoting rafaello
i wanna find out if the statistics is right about it, so let;s say for the last 3 months did you 1) lose money 2)make money and in your opinion, do you agree that the only side who makes money on forex is FX companies themselfs, and of course Interbanks.
Hello rafaello ,
This is my opinion .
It does not matter which field we look at ,,, these stats apply to every one of them .
If we look around us ,, how many restaurants fail ,, how many coffee shops fail in the first year and so on and so on .
This talk regarding Forex is just giving it a bad name . BUT in reality it is NO different .
Whats makes it sound worse is the fact that due to the simplicity one can open a live account and trade with NO knowledge ,, it is obvious those traders are immediate losers and should NOT be apart of the stats .
The other factor is that many traders go into it HALF BAKED with NO proper preparation and studies , and to make it more worse ,, they start trading live money before they MASTER the game .
In trading most traders do things back to front sadly , hence the reputation it has .
Cheers
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #117
  • Aug 7, 2018 12:54am Aug 7, 2018 12:54am
Quoting George AUS
{quote} Hello rafaello , This is my opinion . It does not matter which field we look at ,,, these stats apply to every one of them . If we look around us ,, how many restaurants fail ,, how many coffee shops fail in the first year and so on and so on . This talk regarding Forex is just giving it a bad name . BUT in reality it is NO different . Whats makes it sound worse is the fact that due to the simplicity one can open a live account and trade with NO knowledge ,, it is obvious those traders are immediate losers and should NOT be apart of the...
Absolutely true and i completely agree with you. You are right that stats apply to everyone, there is no field in the world who gives you the surety of success untill and unless and don't put your 100% efforts in it. same thing applies on forex, as per the stats 92% traders fail in the forex but what about rest 8%. are they lucky enough to make money out of forex?
No, luck have a little role in forex what matters is your efforts, dedication ,passion, patience and knowledge.
  • #118
  • Aug 9, 2018 2:27am Aug 9, 2018 2:27am
Losing is a part of forex. You cannot expect to win all of your trades. Real losers are those who do not take lessons from their defeats. These are the kinds of traders that eventually fizzle out in the long run.
  • #119
  • Sep 2, 2018 4:25am Sep 2, 2018 4:25am
it is true calculation and most of the losers come from beginners level , so beginners have to make sure regular learning process for avoiding losses. but practically they try to earn money very rapidly without learning. as a result they become loser due to lack of exact trading knowledge.
  • #120
  • Sep 3, 2018 1:54am Sep 3, 2018 1:54am
This is absolutely true that more than 90% traders end up losing their money in Forex and most of them are beginner. Unrealistic expectations, lack of knowledge and patience are some common reasons of being failure.
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