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The 95% of losers, it's true?

  • #101
  • Feb 9, 2013 10:19am Feb 9, 2013 10:19am
99,99% is more accurate. But i have a marging of error of 0,01%

If someone shows enough examples of successful traders here in FF at "trades" system tracking or at Myforex with accounts with more than 2 years we can start to talk about 99,98% or even 99,97%, who knows?

All i know is that this thread will not ending with someone bring up any example of a system that after 100 trades you end with positive expectancy. And with this afirmation i am 100% sure, not 99,99%.
  • #102
  • Feb 10, 2013 12:07am Feb 10, 2013 12:07am
didn't you see the new cftc rules that requires forex brokers to report their clients profitability? oanda's report came in at 50%.
  • #103
  • Feb 12, 2013 2:38pm Feb 12, 2013 2:38pm
Heard the same... 95% or more. Almost got me in the first 5 hours after i started the trade for real.
Worked better on demo of course Its the reason im here. I have to lear to behave like a real trader when im trading with real money
  • #104
  • Feb 12, 2013 3:04pm Feb 12, 2013 3:04pm
Quoting saussiche
didn't you see the new cftc rules that requires forex brokers to report their clients profitability? oanda's report came in at 50%.
who said the Swiss don't have a sense of humour. They should come and work on our UK deficit figures.

PS Giraia, not sure if that was a guess but for successful retail day traders, you've pretty much hit it bang on. It's always been a tiny pool in FX.
  • #105
  • Feb 12, 2013 11:18pm Feb 12, 2013 11:18pm
there is statistics in Internet that from 80 to 95% newcomers loses. The experience trader's statistics is different.
  • #106
  • Feb 12, 2013 11:44pm Feb 12, 2013 11:44pm
Ya,i think we can't trust such figures...it's just some general figure.i know good examples of successful traders!
  • #107
  • Feb 13, 2013 11:28am Feb 13, 2013 11:28am
Quoting saussiche
didn't you see the new cftc rules that requires forex brokers to report their clients profitability? oanda's report came in at 50%.
To be frank, you'd expect exactly that figure if a group of chimpanzees where trading. It's completely meaningless.

The following article explains why in fairly basic terms.

http://theessentialsoftrading.com/Bl...tability-data/
  • #108
  • Feb 18, 2013 2:34am Feb 18, 2013 2:34am
the true figure is that 98% of traders lose money qtr over qtr all the time.

I was taken to lunch by a broker a few years ago and asked the question. they told me 98% lose and the way to know that you were not in that 98% was if brokers took you to lunch to find out how you beat the 'system'

That's exactly what they wanted to know - the question was "have you found a way to beat the spread" - they didn't care about the trade because only a very small minority made more than the spread cost them. Their system is the spread - just as in a casino on roulette the green zeros are their spread. sure some win but over time they make money because of the spread.

If you win and you make a hole in that spread consistently they want to know how.
https://linktr.ee/Soultrader
  • #109
  • Feb 18, 2013 3:28am Feb 18, 2013 3:28am
Quoting Razzle
To be frank, you'd expect exactly that figure if a group of chimpanzees where trading. It's completely meaningless.

The following article explains why in fairly basic terms.

http://theessentialsoftrading.com/Bl...tability-data/
//---

...... now they'll be wantin to rank members by consectutive profitable quarters.....

on second thought, that ain't so funny.....h
to trade and code, keep both simple... no call to impress....h
  • #110
  • Feb 18, 2013 7:09am Feb 18, 2013 7:09am
Quoting soultrader
the true figure is that 98% of traders lose money qtr over qtr all the time.

I was taken to lunch by a broker a few years ago and asked the question. they told me 98% lose and the way to know that you were not in that 98% was if brokers took you to lunch to find out how you beat the 'system'

That's exactly what they wanted to know - the question was "have you found a way to beat the spread" - they didn't care about the trade because only a very small minority made more than the spread cost them. Their system is the spread - just as in...
I saw other numbers that said its about 98.5%.seems about right.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #111
  • Feb 18, 2013 7:30am Feb 18, 2013 7:30am
Quoting soultrader
the true figure is that 98% of traders lose money qtr over qtr all the time.

I was taken to lunch by a broker a few years ago and asked the question. they told me 98% lose and the way to know that you were not in that 98% was if brokers took you to lunch to find out how you beat the 'system'

That's exactly what they wanted to know - the question was "have you found a way to beat the spread" - they didn't care about the trade because only a very small minority made more than the spread cost them. Their system is the spread - just as in...
http://upload.wikimedia.org/wikipedi...alm_statue.jpg
  • #112
  • Feb 18, 2013 12:37pm Feb 18, 2013 12:37pm
Quoting mm2mm
Yeah I am in the 95%.

Honestly I think the 5% that are profitable are the people who sell books, training materials, systems, indicators etc ( and ofcourse the brokers ).... that's the only way to make money.
No it takes work and about 3 years, Hard work!

I entered this contest last week and here is 3 days of trading.....
Attached Image (click to enlarge)
Click to Enlarge Name: Contest week of 2_15.JPG Size: 71 KB
The More You Learn, The More You Earn.....
  • #113
  • Feb 18, 2013 12:46pm Feb 18, 2013 12:46pm
Quoting forexalien
No it takes work and about 3 years, Hard work!

I entered this contest last week and here is 3 days of trading.....
http://www.surefiretradingchallenge.com/ it started last week for a month and then they provide real money account if you get into the top 40 out of 5000 traders to date.....

http://www.forexfactory.com/attachme...1&d=1361219806
The More You Learn, The More You Earn.....
  • #114
  • Feb 19, 2013 8:44am Feb 19, 2013 8:44am
Quoting saussiche
http://upload.wikimedia.org/wikipedi...alm_statue.jpg
LOL! Livermore proclaimed the market can't be beat in the long run.Richard Dennis said systems trading has become wickedly hard. HFTs profits are in steep decline. When you find a market anomaly pray it lasts until you milk it dry and quit on top.

The EMH guys will have the last laugh.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #115
  • Edited 6:25am Feb 21, 2013 5:54am | Edited 6:25am
Quoting oilyjames
Being a newbie with naive gusto.(.after reading this)..im asking myself what's the point in trading, if the outcome is so obvious..LOSS..LOSS AND MAJOR LOSS!! is there a point in trying? do i have to have a stellar business background to even think about trading? is this a dark hole that's just going to suck me dry?
Lots of work ahead of you. And back and forth steps. No succes or lifetime job guaranty after. Not everyone is the same, but it’s the general idea.
Fuck Forex Factory.Wake up people.
  • #116
  • Feb 21, 2013 6:02am Feb 21, 2013 6:02am
hard work and strict disclipine, i think that's the key
  • #117
  • Feb 22, 2013 6:32am Feb 22, 2013 6:32am
be profezonel as management fee.
  • #118
  • Feb 25, 2013 1:03am Feb 25, 2013 1:03am
Lol,

tood thread, hope to read in its entirety soon.

well. if it was me, i would first ask MYSELF, am i a loser in fx? net loss or net profit?

yes, i am in net loss. so there's a chance someone is in the same boat, but after knowing 95% or 98 % loss, who.has the guts to admit and tell everyone.this?

yeah3x, theres no need to... but if you do. you will.share a special.something.to.someone and both of.you share a common.goal.to regain all those losses back, sharing failed method, share failed holy grail, share experiences, split.time to test different strategy, etc.

none.of the above happens, as a result, we are not just losers. we are LONELY losers!

come on, lets upgrade our loser status!
bit . ly/fantestimonials
  • #119
  • Edited 7:57am Mar 6, 2013 7:03am | Edited 7:57am
Interesting comments made by many here. As someone who's been on both sides (worked for broker and traded independently) I have a slightly different take.

saussiche pointed to the CFTC monthly profitability reports, which is a good starting point for US customers. In the past the numbers were a bit misleading because, if you stopped trading, any interest that accrued in your trading account made it look like you were a "profitable trader" for that month. If I recall, the CFTC clarified how brokers should report this number about two years ago, so recent data is more accurate.

ForexMagnates summarizes the CFTC data every once in a while, so you can compare the profitability of traders between brokers. Here's an example.

No idea why Citi looks so good, but in my experience, between 30%-40% of traders being profitable sounds about right.

A while back FXCM wrote this report, which is definitely worth a read if you want to be among the 30%-40%.

The other thing I'd suggest is not to get discouraged too quickly. It takes time become a good trader. You need to make mistakes and learn from them (so keep your mistakes small by using low leverage). You can also learn a lot from other traders - the internet makes the trader community more accessible than ever.

==============
https://mytradegroups.com/me/bigsyrup
  • #120
  • Mar 8, 2013 11:25pm Mar 8, 2013 11:25pm
Quoting andrei-irk
I'm newbie of course. I knew FX and forexfactory only 4 months ago. I read many of articles here and i have two very simple questions.
Everywhere, we see this and make it as an alert: 95% traders go with the win each year, only 5% survive. These words appearred in 70-80 decades, now all the world we have indicators, patterns, autochartist, so this ratio is true untill now? if it's right, from where we have such many people participate in FX everyday ?
The second question is that do you know what legends of the FX today? ( and the...
more than 99.99% of traders are loser !
I am in FX market since 2003 .
you should know that even professorial traders can do mistake this will not happen because of lake of information or bad market news or lake of technical indicators!
this happen because all traders are mankind ! and all mankind have stress, and some time they can't control their stress.

the success key in FX market is not your information's and your knowledge . the success key is :

1- don't addict yourself!
2- don't scare
3- trust your self
4- don't become greedy
5- withdraw your profit and enjoy your money!
6- learn money management before technical method !

remember forex is simple
buy or sell !
because of spread you can win up to 48% if you trade only by chance !
but more than 95% are loser ?!
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