Disliked{quote} Well, this is just one month.... it repeats every month and the winners of the last month have no higher probability of being winners in the next month. So looking at a 5 year periode, none of them makes money.... we are talking about 99% losing money and the 1% can be still explained by pure luck, not skill. In reality, the picture looks even more dramatic, as soon as leverage enfolds its destructive nature: {quote} Wanne stay in the game with such odds? Retail forex trading is a negative sum game for losers.Ignored
What i think is funny is - most of these statistics motivate me and seem actually rather positive.
im not going to write all day to try to change minds, however when i read:
- 80% of all day traders quit within the first two years. 1
- Among all day traders, nearly 40% day trade for only one month.
this alone, to me, seems very encouraging. of course someone trading for a month is likely to lose money. Maybe my mind is wired differently idk. but:
3. Traders sell winners at a 50% higher rate than losers. 60% of sales are winners, while 40% of sales are losers
this should also be very encouraging. stats like this should help make you profitable.
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i think op is a low key troll tbh. "forex is for losers" we know "75% lose money" so what's happening with the other 25%? all break even?
Also , all of these stats do not divide the gamblers from the traders. I know lots of people who will load up an account and just put on crazy trades in between work meetings. no stops, just check if margin call at the end of the meeting.
it doesn't take much to put yourself in the top 10% of retail imo.
just because you couldn't raise your game/thinking to become profitable, doesn't mean it applies to all.
If anyone is reading this and struggling - don't give up!