Tag: forex
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/
Betfair’s LMAX up and running
It looks like Betfiar’s financial markets operation, LMAX, is up and running. I am on their mailing list but haven’t received anything yet. However, if you visit the following site you can read about LMAX and sign up for an account and browse the site.
The first thing I tried to find was charges. It appears Betfair are going to adopt a normal financial market model of charging for a buy and sell, there are some example trades here: …
Proposed tax on forex trades to raise $50bn aid?
Hmm, more like proposed tax ruins perfectly efficient market. Well fairly efficient, anyhow. Saw this in the Sunday papers over the weekend when I was at the gym.
I do wonder on the credentials of politicians, especially ones that tax everything that moves. Forex trading is a tempting market given the quoted turnover of $1 quadrillion ($1000 million). But the reason this market is so huge is because of the amount of speculation that takes place. I know John at …
Connect
Connect with us on the following social media platforms.