Category: Psychology

95% of traders lose?

95% of traders lose is a very common statistic quoted, but I’ve never seen any data on it. Somebody recently sent this to me about forex traders, which I thought made interesting reading. Obviously this is limited to the scope and definition of the survey but I think it’s an interesting article and discussion. It also shows the importance of money management and low transaction costs.

As they say, 47.3% of statistics are made up on the spot!

https://forexmagnates.com/us-forex-brokers-account-profitability-comparison/