DislikedWell, I think this figure is a bit exaggerated. I think they loose not more than about 70% . They do so because they watch too much commercials demonstrating how easy it is to make money on forex. That leads to loosing money.Ignored
Why 98% Of All Day-traders Fail 30 replies
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The Reason why 95% Traders fail 341 replies
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DislikedWell, I think this figure is a bit exaggerated. I think they loose not more than about 70% . They do so because they watch too much commercials demonstrating how easy it is to make money on forex. That leads to loosing money.Ignored
DislikedHonestly friends you really are trying to reinvent the wheel, discipline is mentioned a lot for a reason and it is rarely masted, find a quality system splice it with good money management skills and you have money in the bank, IT IS THAT SIMPLE, but in general people hate discipline and lack the focus and motivation to master it. Treat trading like a trade ie[ carpentry, boilermaker, plumber ], it takes you years to master a trade, trading is the same, yet people come into this game and wonder why they blow all their cash without completing their...Ignored
Dislikedyea i've seen those stats too , some brokers even claim to have 40 % of successful traders but it all boils down to the sampling period , if you take a 3 month period you can have 60 % of winning traders who will get margin called in the following 3 months the 95 % of failed traders cliche' refers to a broader and general statistic which tales into account longer time periodsIgnored