What are the percentages of those that survive fx? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pips vs. Percentages 14 replies

Looking for a Website - Currency Correlation Percentages 5 replies

Win Rate vs Risk Percentages 1 reply

Percentages on CALENDER? 2 replies

What are the percentages of those that survive fx?

  • #1
  • First Post: Apr 10, 2007 1:27am Apr 10, 2007 1:27am
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
  • #2
  • Apr 10, 2007 1:31am Apr 10, 2007 1:31am
Quoting turk87
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
no they're not bs.
  • #3
  • Apr 10, 2007 1:31am Apr 10, 2007 1:31am
Quoting turk87
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
no they're not bs and yes thats exactly what it means.
  • #4
  • Apr 10, 2007 1:39am Apr 10, 2007 1:39am
Can you link me to any sources for validation?
Sorry to be a thorn in the ass, these kinds of insane stats really interest me.
  • #5
  • Apr 10, 2007 1:40am Apr 10, 2007 1:40am
Quoting turk87
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
your question is too vague and too general. having said that, i think those figures are wrong.

there should be more winners.
BAM BAM BOOM! -bravado
  • #6
  • Apr 10, 2007 1:50am Apr 10, 2007 1:50am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Maybe this numbers are ment as consistency of trades. For example in 5 or 10 years only 5% of people who opened their accounts stay at the market with those same accouns...I dont know thats just my view....

---------------------------
Plan your trade and trade your plan
  • #7
  • Apr 10, 2007 2:16am Apr 10, 2007 2:16am
i think i belive that number 95% loss including me, but in here, i see lot of people is on the magic 5%. Are all friend here is good or are talking good only or the number is not correct??????
  • #8
  • Apr 10, 2007 3:31am Apr 10, 2007 3:31am
Quoting turk87
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
In USA, 95% of registered businesses stop operating after 3 years (from statistics). Trading is a business, so it's not really BS.
  • #9
  • Apr 10, 2007 4:04am Apr 10, 2007 4:04am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
In USA, 95% of registered businesses stop operating after 3 years (from statistics). Trading is a business, so it's not really BS.

Just what I had in my mind when I wrote my post.

-------------------------------------------------
Plan your trade and trade your plan
  • #10
  • Apr 10, 2007 5:16am Apr 10, 2007 5:16am
i think this principle is called "The Pareto Principle", the 90%-10%, and is valid for all domains
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #11
  • Apr 10, 2007 5:30am Apr 10, 2007 5:30am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
i think this principle is called "The Pareto Principle", the 90%-10%, and is valid for all domains

Quite close is Paretto.As I remember it is 80-20. 20% of your daily tasks will bring 80% of your results.... I translated it out of my language so it mybe souns funny....

--------------------
Plan your trade and trade your plan
  • #12
  • Apr 10, 2007 6:10am Apr 10, 2007 6:10am
I think the failure rate is even higher. 98/99% is closer to reality I think. 95% probably lose money, but there is a lot of people who never gets past the demo stage.
  • #13
  • Apr 10, 2007 2:11pm Apr 10, 2007 2:11pm
Quoting dado26
Quite close is Paretto.As I remember it is 80-20. 20% of your daily tasks will bring 80% of your results.... I translated it out of my language so it mybe souns funny....

--------------------
Plan your trade and trade your plan
you're wright about this, i just check, but the principle is the same
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #14
  • Apr 10, 2007 3:49pm Apr 10, 2007 3:49pm
I've always wondered where this '95%' figure comes from. It's probably true but I have never seen any stats to back it up.
  • #15
  • Apr 10, 2007 6:19pm Apr 10, 2007 6:19pm
yep pareto is 80-20, great principle. in either case, there are very few traders that are successful in the end. its not easy, its very hard, and takes a lot more work than most newbies think. just my two cents.
  • #16
  • Apr 10, 2007 7:46pm Apr 10, 2007 7:46pm
Quoting semar
you're wright about this, i just check, but the principle is the same
Right.
  • #17
  • Apr 10, 2007 9:09pm Apr 10, 2007 9:09pm
Your chances of "Making it" are greatly improved by being a member here.
HOWEVER, This is not a gaurantee. You have to read a whole bunch and drill down until you understand it.


It's up to you if you read what has already been posted OR ask for it again.
{Clue} (If it's already beeen posted you May be ignored)
  • #18
  • Apr 10, 2007 9:15pm Apr 10, 2007 9:15pm
Quoting turk87
Every forum or website I read I always come accross someone saying "95% of people who trade forex lose money". Some percentages as high as 98%.

What does this mean? That 95% of people try to trade forex, lose money, get discouraged and quit?

Where are these numbers coming from? Has there been a poll, or study done?

If those stats are actually true (I think they're bs), staying in the 5% range will be extra gratifying.
I asked awhile back here at FF. I was hoping someone would reply with the source of this frequently said statistic. Nobody answered.

I am hoping someone can provide a source. For awhile I have wondered if it is just passed by word of mouth, to the point it is said so much that people accept it without verifying.
  • #19
  • Apr 10, 2007 9:16pm Apr 10, 2007 9:16pm
Quoting Bemac
Your chances of "Making it" are greatly improved by being a member here.
HOWEVER, This is not a gaurantee. You have to read a whole bunch and drill down until you understand it.


It's up to you if you read what has already been posted OR ask for it again.
{Clue} (If it's already beeen posted you May be ignored)
reading stuff is easy easy, and understanding isn't that hard either. The hard part is turning what you've read and understand into practice and habit. That's the very hard part.
  • #20
  • Apr 10, 2007 9:26pm Apr 10, 2007 9:26pm
Quoting aicccia
reading stuff is easy easy, and understanding isn't that hard either. The hard part is turning what you've read and understand into practice and habit. That's the very hard part.
Hi aicccia, True true true but baby steps to get there.
0 traders viewing now