90% of traders lose money! True or False? | Page 9 | Forex Factory

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90% of traders lose money! True or False?

  • #161
  • Mar 26, 2019 6:29am Mar 26, 2019 6:29am
This is a very good practice to get into Adelhard
  • #162
  • Mar 27, 2019 9:18pm Mar 27, 2019 9:18pm
false, more than 90% i believe lose money in forex, I think i read it somewhere it is around 97%, but it is just statistics,

more importantly is when you want to go into trading, you have to like doing trading related activities, then the profit will follow suit,

many, as was I, attracted to forex trading due to quick big profit with little effort,
but once you are in it, you will realize there are no shortcuts, you need to learn and develop continuously

Wish you all the best on your trading journey
  • #163
  • Mar 28, 2019 5:40am Mar 28, 2019 5:40am
Quoting RachFX
This is a very good practice to get into Adelhard
Yes, mate it is! In addition, it helps me a lot to improve my own trading skill.
  • #164
  • Mar 28, 2019 5:59pm Mar 28, 2019 5:59pm
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.

90% of traders lose money. True or False ?????

90% of new retail traders lose money in their first 12 months. TRUE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #165
  • Mar 29, 2019 12:19pm Mar 29, 2019 12:19pm
If there is a 90% chance of losing the forex game, why are some people trading the forex ?
Seems to me there are millions and millions of people who won't go near it
But the stupid ones do.
It's a tax on being stupid like the lottery is a tax on people who are bad at math.
  • #166
  • Mar 30, 2019 3:51am Mar 30, 2019 3:51am
Quoting emmanuel7788
{quote} 90% of traders lose money. True or False ????? 90% of new retail traders lose money in their first 12 months. TRUE.
I think; it would be more 98% (in the 1st year of trading); who can make money in the 1st year of trading? Very rare case.
  • #167
  • Apr 5, 2019 5:40am Apr 5, 2019 5:40am
there is anyone who can tell some success story about Forex trading , never found much people who already got success from this stock market.
  • #168
  • Apr 5, 2019 10:58am Apr 5, 2019 10:58am
Some actual statistical facts – according to the Polish financial regulator in 2018 Polish traders alone lost $151 million. About 35,000 accounts ended the year in the red and the average trader lost about $4,400.

78.9% of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7% of all traders lost money, the regulator data also shows.

So it’s not 90% of traders that lose money, but the figure is still pretty bad.
  • #169
  • Apr 5, 2019 1:48pm Apr 5, 2019 1:48pm
There is serious algorithmic trading going on in forex market insanely complex. In my humble opinion Forex Market and most other markets are governed by couple of Market Makers who are in sync in which they manipulate the market in order to fill buy side and when the time comes fill sell side.

The system is all structured to get retail traders money. Traders who can view the Market Makers moves are the ones making money along with them. That is said it is really important to study PA deeply.

There is a great trader named George AUS who has been in business 20+ years and explains MM behavior very well. It might benefit traders here in FF.
https://www.forexfactory.com/showthread.php?t=874421

Cheers,
Yourstruly
Newly wedded, already in debt.
  • #170
  • Apr 5, 2019 6:21pm Apr 5, 2019 6:21pm
Quoting karmostaji
I wasn't trading the past three months, but I blew up my first account.
False. About 80% of RETAIL traders lose their money .
  • #171
  • Apr 6, 2019 2:03am Apr 6, 2019 2:03am
It is above 90 percent. The esma broker reports are flawed and probably done that way as a compromise to brokers and their businesses. After all you don't want to be advertising that over 90 percent fail. The reports are generated as a snapshot in time. Traders get lucky and can be up for a month but it doesn't imply success. If the reports were scoped at account level over a period of months ( at least 3) then you will find the reports show over 90 percent fail. The more time taking into account by the reports the better the accuracy and correctness of the data. I work with financial data every day and currently at a major index provider that runs the Dax amongst 9000 other indices. Like other institutions I have worked at, they do not consider a report that's a snapshot in time as a measure of success. They require at least 10 years data before they make any decisions. Why then should we believe a report thats a snapshot. I will put money on it that brokers pushed back at regulators when they were in the assessment phase. You just don't get reports this thin on the bone in this business. A trader could have been losing all month and then took big risks and end up with a profit and in the successful client category for the esma reports. Don't believe it at face value.
  • #172
  • Apr 9, 2019 6:16am Apr 9, 2019 6:16am
Quoting mlawson71
Some actual statistical facts – according to the Polish financial regulator in 2018 Polish traders alone lost $151 million. About 35,000 accounts ended the year in the red and the average trader lost about $4,400. 78.9% of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7% of all traders lost money, the regulator data also shows. So it’s not 90% of traders that lose money, but the figure is still...
Interesting data, gives us slightly more of an edge to be successful!

but as you said still a very high figure, stacked against retail traders.
  • #173
  • Apr 9, 2019 11:10am Apr 9, 2019 11:10am
Quoting RachFX
{quote} Interesting data, gives us slightly more of an edge to be successful! but as you said still a very high figure, stacked against retail traders.
Those were my thoughts exactly. It's better than what I expected, but not by much.
  • #174
  • Apr 9, 2019 2:56pm Apr 9, 2019 2:56pm
Quoting mlawson71
So it’s not 90% of traders that lose money, but the figure is still pretty bad.
Quoting EcoTrader
It is above 90 percent. The esma broker reports are flawed
I think people tend to stick too much to a particular number of losing traders. But it's important to consider the time period from which the number is taken.

In my opinion, the figure of ~80% with losses over a year, as reported by the ESMA brokers, is fairly reasonable.
Over a single month, there might even be more winners than losers. Over a 5-year period, it is very likely that >98% of forex traders lose.

In other words, it's not hard to be profitable over a month or a few months. But it's incredibly hard to be profitable over many years.
  • #175
  • Apr 10, 2019 8:01am Apr 10, 2019 8:01am
Valid points Trivion, short term vs long term success is a huge consideration in the statistics.
  • #176
  • Apr 13, 2019 11:45am Apr 13, 2019 11:45am
Quoting Jmexpat
If there is a 90% chance of losing the forex game, why are some people trading the forex ? Seems to me there are millions and millions of people who won't go near it But the stupid ones do. It's a tax on being stupid like the lottery is a tax on people who are bad at math.
That last sentence made me Lol
  • #177
  • Apr 14, 2019 7:16am Apr 14, 2019 7:16am
I initially started on the premise i would get rich quick, watching ridiculous videos of certain individuals sitting by the pool with a laptop making ££££ a day! I tried a year back with no clue what i was doing put two trades in for crude oil at night made £300 the next morning, thought this is easy, just chucked in another trade in Eur/GBP or something, no stop loss blew up the account plus my deposit £4-500.

Didnt have a clue! Been researching and reading only for the last year and playing with demo accounts,

it can be done but slowly and depends on your risk level and analysis, end of the day it is a form of gambling!
  • #178
  • Apr 15, 2019 12:54pm Apr 15, 2019 12:54pm
I would say 99% lose money, mainly because new traders don't understand the market or don't have someone to help them understand. When I look back on my up and coming days I "SMH" at the stuff I was doing thinking I know it all, turn out I was part of the 99%. But as time goes by I was able to develop a full understanding of the market.
  • #179
  • Apr 15, 2019 4:06pm Apr 15, 2019 4:06pm
I will agree with 99 % of traders loose money in the beginning. It takes time and patients to learn how to not loose money. Speaking from my own opinion. I strongly believe that you have to put in the time with real money to get better.
Thanks for the thread.
  • #180
  • Apr 28, 2019 8:27am Apr 28, 2019 8:27am
Quoting wirelessjohn
I will agree with 99 % of traders loose money in the beginning. It takes time and patients to learn how to not loose money. Speaking from my own opinion. I strongly believe that you have to put in the time with real money to get better. Thanks for the thread.
Of course, it takes such a long time to learn Forex! But, that doesn’t mean it’s impossible! Just need a long term plan on Forex learning.
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