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How old are you, trader?

Quoting ForexQuant
It looks like the distribution of trader's age is following power law. The survival rate of traders in each group reduce by approximately 50% in every 10 years.

So the traders that survive in 30years are 50%^3 = 12.5%, which is coincidentally same with the myth that 90-95% of traders will not survive in trading arena.

Of course this is just my speculation. We still need more sample size for a better hypothesis.
That's assuming every trader started in his 20s.
Quoting Rob Mondave
That's assuming every trader started in his 20s.
I guess you are right.
Maybe I should start another thread with a better question to measure the survival rate.
Quoting Patience
And to that Smittens4212, I'd have to say that you don't have much of an imagination

But if I was to weigh up the time that I spent learning (and still learning) this game and had spent that time working a 1st, 2nd and 3rd job (which I did when I was younger), I would have been a lot further around the world working the three jobs than trying to trade my way to riches on a $5,000 account. Did you know my middle name was "keeping it real"?
I just think you're vastly underestimating the difficulty of leisurely travel for a lot of young professionals in today's economic environment. We (generally speaking, of course) all have student loan debt. Because of the housing market, we both can't afford houses and rents are sky high. Gas/food/inflation is taking up bigger portions of our income while our wages go nowhere.

You couldn't work three jobs today. That's the thing. Unless you're talking working three minimum wage jobs, which at even 80 hours a week (mind you those are 16 hour days, every day), after taxes, will put you somewhere in the $25k department... factor in rent, living expenses, gas/public transport, loans, and you're probably not saving enough to travel to your local pub, let alone abroad.
Quoting Kvn
I was sitting with my friend in front of opened FF homepage, and he told me that only around 20 year-old traders visiting, posting and communicate on the forums. I strongly disagree with his opinion and want to find out who is right!

Kevin

Perhaps your focus was on those posters who are clear and succinct with their posts ...the guys who don't have the time to chat or waffle. They only have the time to post what they have recorded for their own use... but nonetheless find the time to post those records because their trading performance improves via an interractive environment. Certainly, the posters that i have learned from and continue to learn from are well into their thirties, forties and fifties. If you follow posters, their mental, emotional and actual age becomes apparent. Perhaps your friend only spent a few hours researching before commenting. I would suggest a minimum of 1K hours before any assessment. BTW...beware of posters who claim years of trading experience or years of FF.com experience...
Only by spending hours upon hours of studying a posters trading knowledge, whether tech. or fundie can you truly assess the extent of their knowledge and therefore the hours of knowledge that they possess.
On that note, i believe that it takes a good amount of life experience to take on board the level of disciple required to learn and trade sucessfully and consistently into profit.
There are some 40 yr. olds on ff.com who do not, imo, posess the emotional maturity to ever become useful members of this trading community. There are others who tickle my brain cells into becoming one.
Kas ( age unknown)
All systems of divination, like music itself,work through patterns.
cant vote im one of those late bloomers int the 40
I realy doubt that the success in trading forex depends on how old are you .
Quoting LeanLowFx
I realy doubt that the success in trading forex depends on how old are you .
Well , yeah. I've got a 13 yr. old cat who can spot a trade backwards, unfortunately he doesn't posess discipline.
All systems of divination, like music itself,work through patterns.
Quoting kaspopsicle
Well , yeah. I've got a 13 yr. old cat who can spot a trade backwards, unfortunately he doesn't posess discipline.

woh kaspops can u teach me how to do that to my 12 year old cat?!

discipline might be ur cat 's problem but for my cat.... its laziness
Have I got something on my face, SOLDIER?
i am probably one of the oldest here lol but i look a lot younger. i am a pro trader and so are my friends and they too are oldish. They dont visit FF and i only do so for a laugh. I personally think many young people here are looking for the holy grail which doesnt exist and of course they'll talk the talk but in reality they dont actually know how the forex market works. Anyway as for the vote i am oldish.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting bumapatria
woh kaspops can u teach me how to do that to my 12 year old cat?!

discipline might be ur cat 's problem but for my cat.... its laziness
i keep him hungry... when he senses me steadying myself for entry ( yeah alright, getting excited) he jumps on the keys and turns his but on the screen...mind you, i have taught him to clean up afterwards...

Inserted Video
All systems of divination, like music itself,work through patterns.
I think it will be more interesting result if this poll is only voted by those that have been trading for more than 3 years. We will then know what are the age range of successful traders.
  • Post #32
  • Quote
  • Edited 1:05pm Dec 10, 2011 12:12pm | Edited 1:05pm
Quoting anyremote
I think it will be more interesting result if this poll is only voted by those that have been trading for more than 3 years. We will then know what are the age range of successful traders.
Excellent reply.,...but... how would we be able to define between the successful traders and the egoist wannabees? Only through hours of observation .
I would like to add that in treading these halls i have met only three traders that i can say, within reason ,are in their 20's... Orbital,frankyn and BBking. Rare and genuine young men.
The poll result , as stands, looks to be a landslide for wannabies in their twenties, rather than folk who work their buts off ( whatever their age) learning through interractive trading and therefore helping others.
All systems of divination, like music itself,work through patterns.
46 yrs old and have been doing it on / off 6 years with relative success,until i started using the dollar index with my euro/usd trade also switching to futures
I am 24 years old until I change my mind
The tone of your words reflects the quality and result of your trading ;-)
Nearly 4 years old now
Time hides Nothing
please, Cindy just had her sweet 16 birthday! Yay!
just turned 20 recently but still fairly new to forex and still demo trading
Quoting smittens4212
I just think you're vastly underestimating the difficulty of leisurely travel for a lot of young professionals in today's economic environment. We (generally speaking, of course) all have student loan debt. Because of the housing market, we both can't afford houses and rents are sky high. Gas/food/inflation is taking up bigger portions of our income while our wages go nowhere.

You couldn't work three jobs today. That's the thing. Unless you're talking working three minimum wage jobs, which at even 80 hours a week (mind you...
Only just seen this post.

No, I'm not. I've had a flick around the internet to see how things compare to when I was flitting around the place. Not a huge difference.

You can work three jobs ... one full-time, two part-time. Or you could work two full-time jobs. Just as an example you could do a graveyard shift from midnight to 8.00 am followed by a day job from 9.30 am to 5.30 pm. All that is required is keyboard skills, half a brain and not a lot of sleep.

It's possible to earn around £1,000+ per week just tapping a few keys and it's still possible to get accommodation in London for around £400 per calendar month (some places with bills included). You could be saving £3,000 per month and in three months you have £9,000. A lot of travelling can be done with £9,000 (if done in certain ways). No degree or student loan required to learn how to tap on a keyboard.

But it all comes down to how much you want it.
Nothing worth having is easy.
I'm 26, been trading since I was 20.
Quoting Patience
Only just seen this post.

No, I'm not. I've had a flick around the internet to see how things compare to when I was flitting around the place. Not a huge difference.

You can work three jobs ... one full-time, two part-time. Or you could work two full-time jobs. Just as an example you could do a graveyard shift from midnight to 8.00 am followed by a day job from 9.30 am to 5.30 pm. All that is required is keyboard skills, half a brain and not a lot of sleep.

It's possible to earn around £1,000+ per week just tapping a few keys and...
I think you might be missing the point that if you are working that much where is the time for school.. Let alone taking off for vacation from all three jobs just to travel?? I don't think that amount of work would be worth it to just blow it on a couple weeks vacation after saving for 3 months.. I would rather invest it and let it grow and save towards my future

being 21 myself I find that most of my money even making more than 3k a month was spent on food, gas, phone bills, and other things that dont make it easy to save every dime you make. It also makes it harder when minimum wages aren't being raised in accordance to inflation making it more difficult to make a living (in the US atleast)

On the other hand I think that most of the profitable traders aren't even on forums anymore as they've already learned what they needed to and have moved on.. but this is a great place to learn how to achieve those goals
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