Percentage of successful traders in Forex Factory | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Any Successful Forex Traders 79 replies

Forex Risk Management Percentage to Calculate from? 3 replies

Are there any successful Traders in Forex Factory? 377 replies

Successful Forex Factory Systems 36 replies

Percentage of Forex that is strictly currency trading? 10 replies

Attachments: Percentage of successful traders in Forex Factory
Exit Attachments

Percentage of successful traders in Forex Factory

  • #1
  • First Post: Aug 2, 2015 10:59am Aug 2, 2015 10:59am
I am not sure if someone asked this before. I am trying to find out are there any successful traders in Forex Factory and if there are how many (as a percentage of total members). Here is the definition of success. Does not matter the return (I assume the gains are more than the minimum wage of the residing country) or capital but a consistent monthly gain for at least two years.

I know anybody can say they are successful but to be considered as a successful trader you need to show the proof, either publicly or using pm

Let us find out how many here make money!!!!!
  • #2
  • Aug 2, 2015 11:11am Aug 2, 2015 11:11am
Quoting Xxavier
Let us find out how many here make money!!!!!
Will this make you a better trader ?

Instead of looking at the others profit/loss, you should focus on your own trading ... That's what matter at the end.

Please don't get me wrong. No disrespect intented here.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Aug 2, 2015 11:50am Aug 2, 2015 11:50am
Quoting Xxavier
Let us find out how many here make money!!!!!

Very few, I suspect, especially among those promoting goods/services (apart from by selling their goods/services, I mean). But in any case, you can't find that out, this way.

What conceivable incentive would members making a living through trading forex (rather than through promoting some kind of signal-service or other trading-related services) have, to show people account statements or an equivalent?!

It seems to me that however many there might be, almost none will choose to satisfy the criteria you've laid down, so how can you possibly hope to count them?

And what's to stop anyone from showing you the one account in which they've made $40k over the last year while concealing from you all their other, loss-making accounts?

Quoting Xxavier
a consistent monthly gain for at least two years.

I happen, because of my own background, to know quite a few professional, institutional traders, but doubt if I even know any of those who could meet that criterion: almost everyone's had a losing month or two, at some point.

I'm afraid you're trying to measure the unmeasurable (for quite a number of reasons!), here.
  • #4
  • Aug 2, 2015 11:58am Aug 2, 2015 11:58am
Quoting Xxavier
I am not sure if someone asked this before. I am trying to find out are there any successful traders in Forex Factory and if there are how many (as a percentage of total members). Here is the definition of success. Does not matter the return (I assume the gains are more than the minimum wage of the residing country) or capital but a consistent monthly gain for at least two years. I know anybody can say they are successful but to be considered as a successful trader you need to show the proof, either publicly or using pm Let us find out how many...
I saw this thread and had to comment. OP I am good trader. As of this date I am having a losing year. Why? My trading style depends on trends and I have not gotten a good one yet.

There are traders on this very board who can boast 1000% in three months time. That looks great to a newbie.

The reality is that they were over leveraged, and when the market changes they are going to blow out. I have had the same account since 2006.

If you want to learn to trade, say so, but do understand that this is a business just like any other, except that your overhead is very very low. You still have to come work, you still have apply your skills, you still have to manage costs.

Don't play the lottery, learn to trade.
If you are good at something, never do it for free--Joker
  • #5
  • Aug 2, 2015 12:18pm Aug 2, 2015 12:18pm
Thank you for the reply. Let me clarify few things here.. I am not looking for the big guys with big capital, looking for 12%+return/year (long term investors). When i asked that question I was thinking more like people with small capital "trading" (not investing) forex market.
There can be loosing months but i am sure that's made up for by the out sized winning months. Those traders will fit into my definition of successful traders.
Quoting Xela
{quote} Very few, I suspect, especially among those promoting goods/services (apart from by selling their goods/services, I mean). But in any case, you can't find tf those who could meet that criterion: almost everyone's had a losing month or two, at some point. I'm afraid you're trying to measure the unmeasurable (for quite a number of reasons!), here.
  • #6
  • Aug 2, 2015 12:19pm Aug 2, 2015 12:19pm
Can you share your statistics either by pm or publicly here?
Quoting jmn5611
{quote} I saw this thread and had to comment. OP I am good trader. As of this date I am having a losing year. Why? My trading style depends on trends and I have not gotten a good one yet. There are traders on this very board who can boast 1000% in three months time. That looks great to a newbie. The reality is that they were over leveraged, and when the market changes they are going to blow out. I have had the same account since 2006. If you want to learn to trade, say so, but do understand that this is a business just like any other, except that...
  • #7
  • Aug 2, 2015 12:19pm Aug 2, 2015 12:19pm
Thank you, I am just curious to know how many out of tens of thousand traders here make money at this?
Quoting FerruFx
{quote} Will this make you a better trader ? Instead of looking at the others profit/loss, you should focus on your own trading ... That's what matter at the end. Please don't get me wrong. No disrespect intented here.
  • #8
  • Aug 2, 2015 12:19pm Aug 2, 2015 12:19pm
I can assure you that virtually nobody is making money except for those guys that offer Services (Brokerage etc).
Forex is a losers game.
  • #9
  • Aug 2, 2015 1:00pm Aug 2, 2015 1:00pm
I can't find the quarterly report I downloaded, but basically it was a statement from about 12 brokers showing that about 50% of retail traders made money on a regular basis. I don't know where this 5% winning rate bullshit came from! When I have more time I will find it and post it!
  • #10
  • Aug 2, 2015 1:11pm Aug 2, 2015 1:11pm
Quoting renegade
I can't find the quarterly report I downloaded, but basically it was a statement from about 12 brokers showing that about 50% of retail traders made money on a regular basis. I don't know where this 5% winning rate bullshit came from! When I have more time I will find it and post it!
Q3 2014 results
Attached Image (click to enlarge)
Click to Enlarge Name: forex-client-profitability-0115.png Size: 132 KB
  • #11
  • Aug 2, 2015 1:27pm Aug 2, 2015 1:27pm
This is the very problem,most are trading and fighting the spread,consider the fact that most method and system are basically coin toss ,the spread and transaction cost is the houses edge .its a casino

managing the risk is paramount

The difference is actually very low ,but just enough for the house to win.
  • #12
  • Aug 2, 2015 1:39pm Aug 2, 2015 1:39pm
Quoting diceman555
This is the very problem,most are trading and fighting the spread,consider the fact that most method and system are basically coin toss ,the spread and transaction cost is the houses edge .its a casino managing the risk is paramount The difference is actually very low ,but just enough for the house to win.
Depends upon trade strategy.

For a scalper trying to get 10 pips, a spread of 2 is 20% of the profit.
For a swing trader trying to get 50 pips, a spread of 2 is 4% of the profit.
Much harder to overcome the 20% hit to profits than 4%.
Probably be less brokers if everyone had a minimum target of 50 pips. Less fees going to brokers so many brokers couldn't survive just like many traders can't survive if we give them the larger fees trying to scalp.
  • #13
  • Aug 2, 2015 1:39pm Aug 2, 2015 1:39pm
Quoting Xxavier
I am not sure if someone asked this before. I am trying to find out are there any successful traders in Forex Factory and if there are how many (as a percentage of total members). Here is the definition of success. Does not matter the return (I assume the gains are more than the minimum wage of the residing country) or capital but a consistent monthly gain for at least two years. I know anybody can say they are successful but to be considered as a successful trader you need to show the proof, either publicly or using pm Let us find out how many...
..........the internet is full of lies........... I hope i've answered your question!
  • #14
  • Aug 2, 2015 2:04pm Aug 2, 2015 2:04pm
Quoting srt
{quote} Depends upon trade strategy. For a scalper trying to get 10 pips, a spread of 2 is 20% of the profit. For a swing trader trying to get 50 pips, a spread of 2 is 4% of the profit. Much harder to overcome the 20% hit to profits than 4%. Probably be less brokers if everyone had a minimum target of 50 pips. Less fees going to brokers so many brokers couldn't survive just like many traders can't survive if we give them the larger fees trying to scalp.

YES indeed,but if you are front running with minimal risk and a r/r in favor,you are breaking the house edge,the discipline required is most retail demise,for suren the scalpers are a brokers best friend,and the ones who do make from it are well out weighed by the losers,fx and oil are the brokers best friends .
  • #15
  • Aug 2, 2015 2:10pm Aug 2, 2015 2:10pm
Quoting diceman555
{quote} YES indeed,but if you are front running with minimal risk and a r/r in favor,you are breaking the house edge,the discipline required is most retail demise,for suren the scalpers are a brokers best friend,and the ones who do make from it are well out weighed by the losers,fx and oil are the brokers best friends .
  • #16
  • Aug 2, 2015 4:35pm Aug 2, 2015 4:35pm
I can confidently presume that 0% of traders on here are profitable.The thousands of people on the FF are all wanabe losers,BS artists,con men,charlatans,snake oil sales people etc.Where do I put myself you may ask,well I'm a wanabe loser.Maybe I'm stupid but I really think I can be successful at this trading game but in 8 years success has eluded me and I've tried everything.
  • #17
  • Aug 2, 2015 4:52pm Aug 2, 2015 4:52pm
You will probably never be able to get real hard results on profitable retail traders vs unprofitable ones, but you can be sure that there are more that are unprofitable than those that are profitable. Also, most unprofitable ones are likely would be scalpers and day traders. As mentioned earlier in the thread, when you are giving so much up in terms of spread and commissions for so little, this diminishes your edge even more.
  • #18
  • Aug 2, 2015 6:00pm Aug 2, 2015 6:00pm
My guess would be people reading the market with out the use of indicators have a real deep connection with price movements. Those needing 5 indicators probably don't look at market structure much..
The only system that will work is one designed by and for yourself.
  • #19
  • Aug 2, 2015 6:03pm Aug 2, 2015 6:03pm
Quoting Xxavier
There can be loosing months but i am sure that's made up for by the out sized winning months. Those traders will fit into my definition of successful traders.

Fine, but why on Earth would they be offering to show you their account statements??? How can that help them?? I happen to be one of the people you're asking about; but at the end of the thread, just as at the beginning of it, you're only going to have my word for that. So how on Earth do you expect to measure the number or proportion of us? (Most of us probably won't reply at all?). You surely don't imagine that people are actually going to send you scanned copies of their trading accounts, or bank statements, to examine? Would you? Would anyone?


Quoting bloodpoodle
My guess would be people reading the market with out the use of indicators have a real deep connection with price movements. Those needing 5 indicators probably don't look at market structure much..

I agree, and I think you're putting it mildly. There may not be anyone here who's making a living through forex-trading, who'll be looking at 5 indicators (not that it's provable, either way, anyway).

The proportion of "traders making a living who routinely base their trading decisions on indicators" is a tiny fraction of the "proportion of traders who routinely base their trading decisions on indicators". And there are reasons for that ...
  • #20
  • Edited 6:25pm Aug 2, 2015 6:03pm | Edited 6:25pm
Quoting PipC
You will probably never be able to get real hard results on profitable retail traders vs unprofitable ones, but you can be sure that there are more that are unprofitable than those that are profitable. Also, most unprofitable ones are likely would be scalpers and day traders. As mentioned earlier in the thread, when you are giving so much up in terms of spread and commissions for so little, this diminishes your edge even more.
I think these reports (Q2, 2015 below) are about as close to accurate as you might find since they're actual results directly from the brokers so not based upon a sample of traders questioned. From these results, it appears the saying that "80-95% of retail traders lose money" is a bit exaggerated. It might be more accurate for FF traders because most here are probably searching for a profitable method. Profitable traders might just stick to their method & don't bother searching for another method. Some here might be trying to improve their method or help others to get to profitability. Others just use FF to converse with other traders to help them with the boredom of trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Q2-FX-US-Profitability.png Size: 42 KB
0 traders viewing now