95% lose, what a load of rubbish

[forker]

Just about everyone believes this to be a true reflection of retail traders. Regulations have forced brokers to disclose client statistics and the reality is different from the general belief. This is like the myth that humans only use 10% of the brain. Science have proven it wrong yet people still use the term.

If anyone looked at the disclosed statistics about retail traders the general trend is between 60 and 80 percent. The variation appears to be associated to the quality of the broker which i believe to be directly associated to the level of trader. However I do not have any information to support this and I stress it is entirely my assumption.

Regardless, the level of failure that is regularly broadcast on this forum isn't correct.

 

[rc450]

no, no, no....... it's much easier for me to believe that it's 95% plus!

from what i remember the figures were forex only and from a 3 month period, i'd like to see those stats over the period of a year or two to see how they then stack up, i'd GUESS between 85 to 90% who knows?.

if you can't trade it's just easier to tell the 95% plus tale... i know i do!!

 

[forker]

http://forexmagnates.com
they started producing the report in Q4 last year. To access the report you have to pay as it is a valuable marketing tool. here is a snapshot from Q4 2010 and it represents USA fx accounts.

 

[Pat494]

A lot of people will be impressed with Oanda's figures
but FX club is not too good

The CMC owner did answer my question " did they place bets on the strength of their most profitable clients ?" His answer was no. Seems an obvious ploy tho !

 

[shadowninja]

I don't see the problem if they placed trades to copy those who were doing well. Why not?