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The 95% of losers, it's true?

  • #161
  • Apr 12, 2013 6:04am Apr 12, 2013 6:04am
I've been tracking FF trade explorer and every trader who was doing extremely well a year ago has been murdered,waxed and killed.

Not one has shown longevity.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #162
  • Apr 12, 2013 6:53am Apr 12, 2013 6:53am
We can only hope that they withdrew their profits then before being murdered, waxed and killed. Adapt or die springs to mind here.

The problem lies not in making the money, but in the holding onto it.
Nothing worth having is easy.
  • #163
  • Apr 12, 2013 7:10am Apr 12, 2013 7:10am
Quoting pemully
I've been tracking FF trade explorer and every trader who was doing extremely well a year ago has been murdered,waxed and killed. Not one has shown longevity.
Thats because real traders don't use it
https://linktr.ee/Soultrader
  • #164
  • Apr 12, 2013 4:05pm Apr 12, 2013 4:05pm
Quoting Patience
I have seen a few of your posts and can sense your frustration about this market. Do you, after 8 years of following the forex market, make any money?

You are a 10+ voucher Guy with 5 years of "trading experience", so let me ask you this question, have you done a living OFF RETAIL FOREX for the last 5 years, only trading ONLINE RETAIL FOREX ?...
The Black Swan: The Impact of the Highly Improbable
  • #165
  • Apr 13, 2013 6:39am Apr 13, 2013 6:39am
Quoting MapleLeaf
You are a 10+ voucher Guy with 5 years of "trading experience", so let me ask you this question, have you done a living OFF RETAIL FOREX for the last 5 years, only trading ONLINE RETAIL FOREX ?...
Why do you assume that posters with 10v must be making a living off forex? The vouch system is flawed. Just because someone has 10v vouches doesn't mean that they are profitable or making a living off forex. It just means that posters that have vouched for them believe them to be profitable and/or have knowledge/experience of the forex market and/or whatever other reasons people vouch for people.
Nothing worth having is easy.
  • #166
  • Apr 13, 2013 7:09am Apr 13, 2013 7:09am
Quoting MapleLeaf
Excellent, but the big question is, can you do this for a quarter? And then for a year? and then for 3 years? If the answer is yes, then you are part of the very small percentage that profit in Retail Forex.
We will find out......I will keep everyone posted ............
The More You Learn, The More You Earn.....
  • #167
  • Apr 13, 2013 7:16am Apr 13, 2013 7:16am
Quoting hanover
Yes, exactly. "Big picture" "trend" "changing tides" etc are strategic considerations, and the guy I was replying to said that discipline and MM were more important than strategy. EAs conquer MM and discipline by default, but those that fail do so because they're neither strategically intelligent nor adaptable enough. Therefore strategy IS important. That was the point implied in my question. Anyway, 32 trades without a loss is a good start. Well done.
Up Date ...Doubled the account in 14 days.................

My other account has gone from $700 to just under $3000 now.............

I do exspect to have a hic-up along the way as I have not learn every mistake there is to learn yet.

The faster you learn all of your mistakes, the sooner you will be profitable..............IMO..........
Attached Image(s) (click to enlarge)
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The More You Learn, The More You Earn.....
  • #168
  • Edited 7:46am Apr 13, 2013 7:19am | Edited 7:46am
Quoting hannibals
in long term profitable is under 1 % sad but true
Only if you think like that, The Law of Attraction is at work .....negative thought create negative outcomes, positive thoughts produce positive results, never give up............

Inserted Video
The More You Learn, The More You Earn.....
  • #169
  • Apr 13, 2013 7:20am Apr 13, 2013 7:20am
Quoting underslop
95% of traders lose their account in the first year, but I believe after that, in the next couple of year 99% of traders lose their account. Only a tiny fraction will become consistent profitable traders in the long run. Most of the traders lose forever.
Trade demo till you can be in profit for one full year...............
The More You Learn, The More You Earn.....
  • #170
  • Apr 13, 2013 7:21am Apr 13, 2013 7:21am
Quoting Mike WFX
Actually there is no exact number or percentage of the traders who are facing lose but they are in much excess than the winners. The winners are mostly the big traders.
All big traders had to start from small...................
The More You Learn, The More You Earn.....
  • #171
  • Apr 13, 2013 1:08pm Apr 13, 2013 1:08pm
talking to yourself is the first sign of .......
https://linktr.ee/Soultrader
  • #172
  • Apr 15, 2013 5:51am Apr 15, 2013 5:51am
To be honest i'd like to believe the figure was higher, mainly because the same exact stat applies for sports betting too. Only 5% of sports bettors actually turn out on top and make a long term profit, i'd like to believe that with the odds tipped in our favour as traders, that we'd be more successful. I did see a chart from a broker a while back and it showed profit and loss by percentage for clients during 2011. I remember it saying 70% had negative balance by the end of the year, so that means 30% would have made a profit during 2011.
  • #173
  • Apr 15, 2013 9:28am Apr 15, 2013 9:28am
Quoting ReyesWhite
To be honest i'd like to believe the figure was higher, mainly because the same exact stat applies for sports betting too. Only 5% of sports bettors actually turn out on top and make a long term profit, i'd like to believe that with the odds tipped in our favour as traders, that we'd be more successful. I did see a chart from a broker a while back and it showed profit and loss by percentage for clients during 2011. I remember it saying 70% had negative balance by the end of the year, so that means 30% would have made a profit during 2011.
According to an official study by PhD John Forman based on thousands of LIVE Accounts in RETAIL ONLINE FOREX BROKERS, only 0.4% end profitable after 1 year of trading.

Seriously, I wish the numbers were different, and 50% made a profit, that would be great for everyone in this forum, but the Sad Truth is that only 0.4% are profitable after 1 year of trading. So, 99.6% lose money after 1 year of trading. Again, we are talking about FOREX BROKERS.

The US Government forced RETAIL FOREX BROKERS to report everything since year 2010, that's why you will only find official numbers for the last few years.
The Black Swan: The Impact of the Highly Improbable
  • #174
  • Apr 15, 2013 12:31pm Apr 15, 2013 12:31pm
Quoting MapleLeaf
According to an official study by PhD John Forman based on thousands of LIVE Accounts in RETAIL ONLINE FOREX BROKERS, only 0.4% end profitable after 1 year of trading. Seriously, I wish the numbers were different, and 50% made a profit, that would be great for everyone in this forum, but the Sad Truth is that only 0.4% are profitable after 1 year of trading. So, 99.6% lose money after 1 year of trading. Again, we are talking about FOREX BROKERS. The US Government forced RETAIL FOREX BROKERS to report everything since year 2010, that's why you...
I do not have a problem with that. In order to be of benefit to a free market economy retail traders HAVE TO LOSE. They are doing their job by losing their money to the real producers, individuals and businesses that are actually contributing to society.
It's economics 101.
  • #175
  • Apr 15, 2013 1:17pm Apr 15, 2013 1:17pm
Quoting MapleLeaf
According to an official study by PhD John Forman based on thousands of LIVE Accounts in RETAIL ONLINE FOREX BROKERS, only 0.4% end profitable after 1 year of trading. Seriously, I wish the numbers were different, and 50% made a profit, that would be great for everyone in this forum, but the Sad Truth is that only 0.4% are profitable after 1 year of trading. So, 99.6% lose money after 1 year of trading. Again, we are talking about FOREX BROKERS. The US Government forced RETAIL FOREX BROKERS to report everything since year 2010, that's why you...
I'm glad I didn't see this statistics before trading ....I would be selling my ass for profit by now lol!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #176
  • Apr 15, 2013 7:27pm Apr 15, 2013 7:27pm
Most traders when they finally wake up should be focusing on anger management not trade management.
  • #177
  • Apr 25, 2013 9:17am Apr 25, 2013 9:17am
Hi Greetings from myself btw, 1st post and all that. Had Metatrader loaded for 6 months from zero start. I have heard from an in person source the figure to be 97%.

However all stats can tell lies. Like I've blown a couple of demo accounts, placing trades I would never consider with real money. Why? To learn the platform, make the errors of trading the wrong pair, the wrong way, trading crazy amounts of money. Some would say this is counterproductive.

I disagree, when I am finished playing I will have a demo account treated as a real one. In fact I will still have a fun and games one, just because I can. It is interesting to see what happens if one attempts to trade the NFP for example!! Not that I would EVER try that with real money.

So I am sure 95% or more is correct, but is it a meaningful figure? I doubt it very much.
Real money gets different treatment to monopoly money in short..

Oh and hi to everybody here. Am I initiated now ??
  • #178
  • May 26, 2013 6:39am May 26, 2013 6:39am
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 a casino...
That's an excellent post, cause it describes the key why so many people lose - because of the spread, they underestimate it.

For example, give me a spread of Zero in EURUSD - I will be a millionaire in no longer than 1 Year.

However, if the spread is 0.00002 so i.E: 1.2935 Ask 1.2934.8 bid, that already puts me on an extreme disadvantage from a pure mathematical standpoint. If the spread is 0.00005 i'ts even harder. If the Spread is over 1 pip 0.0001, it's nearly impossible to make money on the Long run becuause the odds are against you
Forex is a losers game.
  • #179
  • May 26, 2013 8:38am May 26, 2013 8:38am
Here's an intersting experiment: Take a Metatrade 4 Expert Advisor that is constantly losing. Not very hard to find one, as most of them are.

Now write a new EA by simply reversing all trades, so if the EA buys you sell and if the EA sells you buy. That way, the EA should be constantly winning , right?

Right? - Wrong! You will come up with the sad conclusion that actually BOTH EA's do not work - the constantly losing one and it's reversed version. Reason is the spread.
Forex is a losers game.
  • #180
  • May 26, 2013 11:39am May 26, 2013 11:39am
I wonder if this high percentage of traders are losing money in forex then why it is getting more and more popular. A business should have failed if it is having such a high number of failure.
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