When I look at broker adverts (at least for those in the UK/EU, where they are required to tell you that the overwhelming majority of retail traders lose money), what makes me scratch my head in perplexity is not that 75, 80, 85% lose but that 25, 20 or 15% DON'T lose money over the last 12 months.
I strongly suspect that brokers/bookies are cooking the books to make the statistic look less than reality, which is probably something like 99.999%.
The 25% are probably people who sign up and don't use their accounts, or who trade once or twice - get lucky and get out.
After all, if you see an advert telling you '99.9999% of retail traders lose money after 12 months' you are likely to think twice about signing up, LOL!
Is there any way to get more information from the brokers/bookies on how they come up with the 75% statistic? FOI request?
I strongly suspect that brokers/bookies are cooking the books to make the statistic look less than reality, which is probably something like 99.999%.
The 25% are probably people who sign up and don't use their accounts, or who trade once or twice - get lucky and get out.
After all, if you see an advert telling you '99.9999% of retail traders lose money after 12 months' you are likely to think twice about signing up, LOL!
Is there any way to get more information from the brokers/bookies on how they come up with the 75% statistic? FOI request?