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95% traders go broke, only 5% survive

  • #281
  • Mar 9, 2014 7:11am Mar 9, 2014 7:11am
Quoting sandycarrot
in every internet forum we get a warning 95% traders go broke ,only 5% survive ,,but,, in every internet forum we see and hear this many people say they are profitable maybe about 98% only a few people who say that they failed maybe about 2% what do you think guys ? S.C.
lets go back to the topic

i think it is simple wining and losing in any thing have a lot of meanings
win=i got the knowledge about this matter
win=i got some profit ( 1$ )
win=i didnt invest in forex
win=i was losing and now i open new account and i am making profit
win= .... can be anything

and loss= lost in capital,wast of time,because of forex i left my job(maybe i didnt invest 1 penny in the market also) and same if could be any thing

i think all the reports are not clear we need some clear report like
(100%)
1% this year make some profit
0.5% this year make 20% and more
0.001% this year make more than 100%
95% this year close there account because of losing all the capital
and going on

and second all the lose and win must be in numbers like
total withdraw from wining account 1.2B total lose from the account 5B
so we can understand that most of people lose there cash

details it is very important
----
why i still in forex market?
i start 6 month ago and still not make a penny from it but as per my point of view i am still not ready because a lot of reasons like(i didnt study in university so i dont know the basic things in economy so i need time to learn about economy first, my english is bad so i cat read english books fast ....

in stock market i study the market for more than 2 years then i understand how to make profit from the market and i did it but it was taking a lot of time every day and when i found forex and make a fast study about it i understand that it is possible to do profit from it and with less capital and lease daily analyse so i stop trading in stock market and start studying again the forex market.

doing profit in forex it is possible like doing profit in gambling,shop,rent,trading stocks,normal job....
every thing in this world can be profit from it just you need to know (how)

i know friend of mine in 2007 he made from 100K (United arab emirates derhamis) into 300K in Dubai Stock market in lest than one year
my brother buy stock worth 50K and re sold it 55K and get out of the market

so please stop what you are doing and @ least try to help others to reach there goals
  • #282
  • Mar 9, 2014 7:28am Mar 9, 2014 7:28am
unsubscribe
  • #283
  • Mar 9, 2014 10:54am Mar 9, 2014 10:54am
Quoting hanover
{quote} Thanks. You're right, I got a bit carried away. I've amended my previous post accordingly.
Glad to hear it Thanks.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #284
  • Edited 8:13pm Mar 9, 2014 11:47am | Edited 8:13pm
Quoting MapleLeaf
{quote} I wish I could BET 10 million dollars, but I can't. Instead, I am betting realistic numbers that I can afford to pay in case I lose. However I know and you know I will win... That's because you will never ever accept the BET. It's funny that in your answer you are clearly insinuating that an average salary is "A LOT OF MONEY THAT NOBODY HAS"... Now we can see who is really broke here. You also claimed that you will have troubles to make 100 bucks per month. I wonder why you spend so much time here, trying to trick new clients? Trying to...
36k is indeed a lot of money for someone such as yourself who can't even read, less think. Your behavior is consistent with that of a severe mentally impaired child who can't survive on it's own. GOODBYE
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #285
  • Mar 9, 2014 11:56am Mar 9, 2014 11:56am
Quoting numbnuts
{quote} The bet is that no trader can guarantee winning a certain $$$ every single month. He knows nobody can take it, in fact almost nobody really disagrees with him - even the most successful hedge funds in the world have losing months from time to time. A fact he keeps brushing aside and using as evidence that nobody can trade profitably. He isn't trying to prove anything to anyone other than himself. He is clearly a failure in trading - lacking either the intelligence, discipline or willpower (or all 3) to succeed - so he spends his time here...
Yep. That pretty much sums it up. And again, only the very new to trading and some 'geniuses' would think that Forex returns should behave like fixed income from having a job.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #286
  • Mar 9, 2014 6:46pm Mar 9, 2014 6:46pm
Quoting Ck87
{quote} Day trading is close to impossible. Long term investing is where it's at, I'm convinced of this. And It's no kiddie game either, there's real money to be made in long term investing when you're patient and wait for extreme opportunities after big sell offs. IE. Russian stock market sooner or later
Long term investing is different skill-set to trading. Investing requires you fill your head with fundamental data about specific companies.
There are many companies to research, you need only about 3. You can make a lot....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #287
  • Mar 9, 2014 6:47pm Mar 9, 2014 6:47pm
I will make $2k per month out of forex trading.
The target year is 2017, but I might manage it sooner....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #288
  • Mar 9, 2014 10:38pm Mar 9, 2014 10:38pm
Quoting vox dei
{quote} 36k is indeed a lot of money for someone such as yourself who can't even read, less think. Your behavior is consistent with that of a severe mentally impaired child who can't survive on it's own. GOODBYE
...says the guy who can't do a living trading RETAIL FOREX... But he tries to pretend he does.

While the young people you attack own their own homes since long time ago, you are struggling to pay your mortage.

It must be pretty frustrating to be an old man and find yourself in that situation. Yeah, obviously for you, 36K is like 10 million dollars.

When you are out of resources and arguments, you can only start insulting people to "TRY to unsuccessfully" discredit them. Very immature and useless thing to do that will only expose your ugly true self to the world.

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #289
  • Mar 9, 2014 10:39pm Mar 9, 2014 10:39pm
Quoting Mingary
I certainly would not want to stir up more controversy.

But Mr. Mapleleaf is absolutely right !
I will make it clear for everybody.

1) The Retail Forex universe is divided into two groups:

Group "a" = Those who have not given up yet (there are many different characters in this one)
Group "b" = Those who have something to sell (products and / or services) to the members of group "a"

2) I will leave it up to you to discover all the interesting corollaries.

Hint: It's a perfect "symbiosis"

Excellent message, Mingary.
The Black Swan: The Impact of the Highly Improbable
  • #290
  • Mar 10, 2014 12:03am Mar 10, 2014 12:03am
if we exchange a currency, we are already loss few pip for spread, so technically it is 100% loss, the winner is bank
and we can't beat the bank because when we liquidate the currency we trade, it is a different trade for the bank, and they only take the spread for profit

so technically, from the bank point of view, all currency trade will make their customer lost few buck in the run, that is 100% loss

jk
  • #291
  • Mar 10, 2014 12:28am Mar 10, 2014 12:28am
Quoting MapleLeaf
{quote} ...says the guy who can't do a living trading RETAIL FOREX... But he tries to pretend he does. While the young people you attack own their own homes since long time ago, you are struggling to pay your mortage. It must be pretty frustrating to be an old man and find yourself in that situation. Yeah, obviously for you, 36K is like 10 million dollars. When you are out of resources and arguments, you can only start insulting people to "TRY to unsuccessfully" discredit them. Very immature and useless thing to do that will only expose your ugly...
Trying to discredit you would be like robbing a lollipop from a toddler. Way too easy. You see no one needs to discredit you, because you never had any credibility whatsoever to begin with. You are the one trying to discredit others here. Easily seen in the way you distort and twist whatever I say, and even fabricate words for me. What's a guy like you that doesn't even trade doing in a trading forum anyway? If not trying to pick a fight to vent off the frustration of being a loser. Pathetic. Everything you write spells underachiever. You reek of loser, and you'll continue that way all your life because you're that stupid. And now that I've mentioned stupid, you may continue your stupid monologue alone. I'm sure you can win this one


Ciao


PS: Btw, I've thrown no ad hominem at you. Remember, I'm a realist. Merely stating things as they are.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #292
  • Mar 10, 2014 4:19am Mar 10, 2014 4:19am
If only 5% of the Forex Traders succeed, then why there are many profitable trader (FF member) here which has amazing return sometimes reached 2000%?
sdtprojectsphilippines
  • #293
  • Mar 10, 2014 7:18am Mar 10, 2014 7:18am
Allen, there are multimple causes.

One is survivorship bias.
If you take 1000 forex traders and 5% success, you remain with 50 succesfull traders.
Only one of these needs to make be trading 'outside of the box'.
I think you'll find this chance lies well within the normal distribution of chances.

The other explanation is fraud: it's possible to manipulate your trading history.
Only verification by a third party (e.g. myfxbook) provides some warranty against this.
You can make good money by pretending to be succesful and selling your solution.

Here are some industry figures about profitability:

http://forexmagnates.com/exclusive-q...anda-slipping/
  • #294
  • Mar 10, 2014 8:44am Mar 10, 2014 8:44am
Quoting Allen Matt
If only 5% of the Forex Traders succeed, then why there are many profitable trader (FF member) here which has amazing return sometimes reached 2000%?
Making over 1000% comes with a lot of risk. And risk does not have consistency. It is easy to risk a lot and make a lot in a few days. But you won't be able to keep it consistent.

I have seen many of the FF members use aggressive martingale systems, or similar... so in the short run it looks good. (short could mean even half a year or more, depending on equity and risk)

Hedge funds or IBs would never employ people who make such a big percentage, because they like safety over high percentages.
  • #295
  • Mar 10, 2014 12:55pm Mar 10, 2014 12:55pm
Quoting Hyperion
{quote} Shhhh dammit, don't tell eveyone or they'll all be trading million dollar accounts....
I just wish sorros would get off his sorry behind and point us in the right direction..I sure could use help in landing the first million..
Of course, the challenge would be on holding on to that first one and making it grow..sheesh, I am getting ahead of myself, just one of those days..
  • #296
  • Edited 2:54pm Mar 10, 2014 2:40pm | Edited 2:54pm
In regards to MapleLeaf's bet, several people here have said that it entails never having a losing month over the timespan of a year. I did a brief search to try to find the exact challenge he has made, but he has made over 500 posts and I wasn't about to go through all 500 of them. HOWEVER, in my brief search, I DID find a post he made about the bet in reply to someone else of whom had asked about the bet. Here is what MapleLeaf said to the other forum member (I put it in italics) :

MapleLeaf said:

I wrote the original bet a while ago, I suggest you look for it.

As I clearly said: AVERAGE per month. You can do 1K one month and 5K the other.

The thing is that you need to finish the year with a decent income, in that case 36K in total earnings.

Dude, I can even lower the barrier to 2K per month AVERAGE (INSTEAD of 3K)... That would be 24K per year.

( Here is the link to MapleLeaf's above post for those that want to see the actual post: http://bit.ly/1h7HNHq )

So, for anyone that says MapleLeaf's bet does not allow for a losing month, then doesn't what he say above suggests otherwise? Didn't he say above that a trader would only have to AVERAGE 2K per month (for 1 year) to win the bet? Or am I somehow misinterpreting what he said?

If the above is true in which you would only have to AVERAGE $2000 per month - and all you have to do is to do the official paperwork/agreement to make the bet official, as MapleLeaf pointed out earlier - then why doesn't anyone that claims to be a successful trader take his bet? And this INCLUDES Yazzie.

There are too many people in this forum that claim to be a "very successful trader" but they don't officially back it up. I am not calling anyone here a liar, I'm just saying talk is cheap. Instead, show some integrity and back it up OFFICIALLY.
"Dream big and dare to fail." - Norman Vaughan
  • #297
  • Mar 10, 2014 3:01pm Mar 10, 2014 3:01pm
It is better to evaluate profitability after a number of trades. For example, someone good at trading must be profitable after 25 trades. For some it is going to take 2 days to do the volume, for some 3 months.
  • #298
  • Edited 4:42pm Mar 10, 2014 4:03pm | Edited 4:42pm
Quoting Ace_1
In regards to MapleLeaf's bet, several people here have said that it entails never having a losing month over the timespan of a year. I did a brief search to try to find the exact challenge he has made, but he has made over 500 posts and I wasn't about to go through all 500 of them. HOWEVER, in my brief search, I DID find a post he made about the bet in reply to someone else of whom had asked about the bet. Here is what MapleLeaf said to the other forum member (I put it in italics) : MapleLeaf said: I wrote the original bet a while ago, I suggest...
Ace, I'm up over $46K this year and don't give 2 shits if anyone believes me or not. However, I will NEVER engage in any Financial Endeavor or "Bet" with ANYONE from an internet forum especially a low life negative like MapleLeaf. I don't need to validate anything. There is Nothing "Official" I can post that He or some others would believe and I'm certainly not entering into a financial agreement with a raging lunatic who lost all his money trading and now spends all his time slandering anyone who claims to make a profit......Sorry Ace but it won't be me
  • #299
  • Mar 10, 2014 4:47pm Mar 10, 2014 4:47pm
Quoting Allen Matt
If only 5% of the Forex Traders succeed, then why there are many profitable trader (FF member) here which has amazing return sometimes reached 2000%?
First of all, according to official FOREX BROKER STATS, only 0.4% of traders end profitable after 1 year of trading. These are official stats.

Second, You can't be so "innocent" to believe what all that people here claim or say about their INFLATED FAKE EARNINGS... Specially in the FOREX WORLD or FOREX FORUMS. Do you really believe all the FAKE numbers you see here, in FOREX BOOK or in ZULU TRADE? Seriously?...

Again, according to official BROKER STATS reported to the US GOV, only 0.4% of traders are profitable after 1 year of live trading.

99.6% of traders lose money trading LIVE in RETAIL FOREX BROKERS.

Nothing else to add.
The Black Swan: The Impact of the Highly Improbable
  • #300
  • Mar 10, 2014 5:34pm Mar 10, 2014 5:34pm
Quoting MapleLeaf
{quote} First of all, according to official FOREX BROKER STATS, only 0.4% of traders end profitable after 1 year of trading. These are official stats. Second, You can't be so "innocent" to believe what all that people here claim or say about their INFLATED FAKE EARNINGS... Specially in the FOREX WORLD or FOREX FORUMS. Do you really believe all the FAKE numbers you see here, in FOREX BOOK or in ZULU TRADE? Seriously?... Again, according to official BROKER STATS reported to the US GOV, only 0.4% of traders are profitable after 1 year of live trading....
Whatever.

Only 5% of business start ups make it. So what? Are you going to disbelieve that one can create a successful business because of the stats?
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