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New study shows only 1% of traders are consistently successful

  • #121
  • Feb 11, 2017 12:04am Feb 11, 2017 12:04am
im really agree with it.

Only 1% have ability to succes in the market because the information that distribute along with participant is very different.

So, the level of reaction should be different too !
Made in Malaysia <3
  • #122
  • Feb 11, 2017 2:42am Feb 11, 2017 2:42am
That is true, not every one can be successful in business. few are average earner, few are regular earner, depends on their knowledge and skills.
  • #123
  • Mar 21, 2017 11:20am Mar 21, 2017 11:20am
Update....I can never quit the FOREX, I see too much potential and just can't sit in a 9-5 job again. I was so miserable.

I'm now using only the 20 & 200 ema, along with STOCH, usually 15m charts. It's the time of day that's important for my success. Yes I see the 2am and 3am moves, I'm getting in on the retraces. 5am or 6am....and waiting for 8am or 9am jumps.

I'm setting TP at 10 pips, 20 pips, and 30pips for now...with a stop loss....and doing just fine. If I only get 10 pips I'm happy too! Oh, and I only trade the GBP/JPY.

Then I've been successful entering the 8pm and catching the movement leading up to the 2am or 3am moves. So I've been averaging 20 to 30 Pips daily, or twice daily. Building up my account and now able to purchase with good size lots.

In my world 20 Lots x 30 Pips ain't too bad. Never made that at my desk jobs. Ugh, and I've had such horrible bosses.

So I'll stay in this strategy....It's the 20ema cross, overbot or over sold and time of day.....hey, it's working. It's so simple, I feel like an idiot I didn't do this before. Could have saved a lot of heart ache and money.
  • #124
  • Mar 21, 2017 2:54pm Mar 21, 2017 2:54pm
Quoting Topgun_1
We've all heard that "90% of people fail in trading." Another figure that is just as often used is "95%" fail at trading. BUT, has anyone actually seen any study proving these statements? Like many here, I have been curious as to whether the 90 - 95% of traders statistic had any truth to it. Well, I FINALLY found a study that gives an actual number in regards to the percentage of people that succeed in trading. An article was published in The New York Times a few days ago in which it cited a new, yet-to-be-published study that basically said only...

I've said this in another thread, but at the risk of repeating myself. So what if 99% of people fail? Those people have no impact on your skills. Most business startups have a high failure rate, look at the dot coms for example the majority crash and burn.

If you don't believe you have what it takes. Stop. You are already beaten. If you do believe you have what it takes, stop worrying about who else is failing and acquaint with those who know this business well and live from it.
I live entirely from the growth of my personal trading account
  • #125
  • Edited 5:07pm Mar 21, 2017 3:11pm | Edited 5:07pm
Quoting hornet
{quote} which i don't have a problem with. only 1% of aspiring sportmen become professional only 1% of aspiring actors make it to hollywood only 1% of apsiring ............ are successful it is not the % that bothers me, it is how this % gets marketed to the masses. it is some sort of reverse marketing, sort of challenging you to see if you can be better.....it is all a psychological game. i believe 99% of traders blow out their accounts at least once, 99% of novice traders lose, yes i agree with that. this is all a zero sum game. for every loser...

Yes zero sum, lots of small losers a few big winners, the brokers get the most out of this game through their spread and fees.

I live from trading. It was a hard path. Probably a sane person would have given up, but it is in my blood, it was always do or die, bridges and boats all burnt. Many times I considered giving up, but I just could not face quitting.
I live entirely from the growth of my personal trading account
  • #126
  • Mar 22, 2017 3:54am Mar 22, 2017 3:54am
Quoting endroute
Does it really matter whether the number is 95% or 99% of people fail at trading. Maybe if people quit whining about how hard it is to trade and spent more time trying to be a succesful trader and not complaining on forums that number would change. The real issue is that people don't really want to work for anything they want it all handed to them on a silver freakin platter.
Agree 100%.
  • #127
  • Mar 24, 2017 2:31am Mar 24, 2017 2:31am
Quoting TheBoxer
Update....I can never quit the FOREX, I see too much potential and just can't sit in a 9-5 job again. I was so miserable. I'm now using only the 20 & 200 ema, along with STOCH, usually 15m charts. It's the time of day that's important for my success. Yes I see the 2am and 3am moves, I'm getting in on the retraces. 5am or 6am....and waiting for 8am or 9am jumps. I'm setting TP at 10 pips, 20 pips, and 30pips for now...with a stop loss....and doing just fine. If I only get 10 pips I'm happy too! Oh, and I only trade the GBP/JPY. Then I've been successful...
Hi, your idea sounds interesting, however I find it difficult as there are many times when there seems to be a GBP/JPY fakeout retracement and I get caught by my stops. Even the EMA crosses + Stoc do not seem to correctly catch the right retracements and point of entry. Perhaps you could show us your charts and your entry/stop. Cheers and thanks!
  • #128
  • Mar 24, 2017 8:31pm Mar 24, 2017 8:31pm
Quoting guybaker
{quote} Yes zero sum, lots of small losers a few big winners, the brokers get the most out of this game through their spread and fees. I live from trading. It was a hard path. Probably a sane person would have given up, but it is in my blood, it was always do or die, bridges and boats all burnt. Many times I considered giving up, but I just could not face quitting.
I have found the 1% that make it are often the subject of envy, jealousy, hatred and resentment from the 99%. The 99% believe that the 1% have taken their money. But the 99% lose mostly to the brokers. The 1% are mostly self-taught which tells you something. And it is lonely at the top 1%. If trading was easy, the 99% would make a living.
You came here for the truth and let me unveil it for you
  • #129
  • Apr 3, 2017 11:07am Apr 3, 2017 11:07am
Quoting RondaRousey
{quote} I have found the 1% that make it are often the subject of envy, jealousy, hatred and resentment from the 99%. The 99% believe that the 1% have taken their money. But the 99% lose mostly to the brokers. The 1% are mostly self-taught which tells you something. And it is lonely at the top 1%. If trading was easy, the 99% would make a living.
I don't want to be the one to tell you this but if you think trading is hard, it is probably because you're not doing it the right way for your style and therefore by your own definition, you've categorized yourself in the so called "99%."

Based on my experience in forex so far, after struggling nearly for 5 years learning to trade forex, it is now finally quite effortless and fun. The only thing that is not fun is that there's no one you can share your acquired knowledge with, without running the risk of being attacked by people like yourself when trying to share some ideas or knowledge.

Since yesterday, you've been harassing me, calling me a "noob" among other things on several posts and now, I see you've deleted those posts??

Why did you delete all the posts where you continually called me a "noob?"
  • #130
  • Apr 3, 2017 5:00pm Apr 3, 2017 5:00pm
Quoting RondaRousey
{quote} When you have the ability to make +1000 pips per month consistently, which you cannot, you remain a noob. I have seen your journal (unsubscribed) and it's 10 pips here, 20 pips there. Noob trading. There are thousands of pips every month to be made and if you cannot capture at least 1000 pips per month then you are a noob. And I follow none of the strategies, methods, indicators posted on FF. The 99% that I refer to is you.
Okay good, so now we can at least have some sort of discussion since you made a sort of declaration instead of nonsensically spraying your venom.

So your definition for a non "noob" is someone who makes 1000+ pips per month.

Questions:

1. Do you make 1000+ pips per month?
2. If you do make 1000+ pips per month, can you provide any evidence on either demo or live?
3. Do you believe your opinions should be globally accepted by everyone?
  • #131
  • Apr 3, 2017 5:04pm Apr 3, 2017 5:04pm
i would wonder what the requirements for a failing trader would be.

does that include someone who tried a few trades, got some luck winning. then lost a bit of money and gave up without really trying to learn the ropes?

if so then ofcourse the data will be heavily weighted to most traders fail to be consistently profitable.
  • #132
  • Apr 4, 2017 7:17am Apr 4, 2017 7:17am
yeah 1% of lets say 100,000 = 1000 traders in the money but with the proliferation of trading account in millions around the world you can do the math.
passion and resilience to suffer abuse for 7-9 long years from lady market some call her the beast, till she reveals the secrets to you.
and when she does you probably like to sleep with her.( lol) Gosh!! you will even hate weekends and those nasty public holidays.
one of the most exciting profession on earth today, don't limit yourself to forex alone.
  • #133
  • Last Post: Apr 4, 2017 10:42am Apr 4, 2017 10:42am
Quoting RondaRousey
{quote} I have found the 1% that make it are often the subject of envy, jealousy, hatred and resentment from the 99%. The 99% believe that the 1% have taken their money. But the 99% lose mostly to the brokers. The 1% are mostly self-taught which tells you something. And it is lonely at the top 1%. If trading was easy, the 99% would make a living.
Why are you, again, deleting your abusive posts towards me?

And why ForexFactory lets you get away with this behavior is beyond me. Some advice, get your act right otherwise you're going to face legal issues regarding (defamation) for one thing

Some advice:

1. Delete your (RondaRousey) username as Ronda Rousey is an American MMA fighter and actress. She could put your lights out in more than one way.
2. Delete your (Muhammad Ali) picture as it is likely copyrighted material. Ever heard of US Copyright laws?

P.S. Any more abusive posts you make directed at me, will be saved via screenshot from now so deleting it afterwards isn't going to help you.
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