The odds are firmly stacked against a trader becoming long term successful.
Even if a trader did not have spreads or commissions to pay, i reckon a similar number would still fail. The spreads & commissions & any other costs, just make the level of sufffering a bit more intense, but in the long term, probably shorterns the length of time spent suffering.
What i have learnt is that the markets will punish you for the smallest of half-mistakes/oversights on your behalf. Unluckuy breaks tend to out number lucky breaks by at least 10 to 1.
You really do not to be on top of your game & be extremely precise, at all times to stand any chance of success.
Even if a trader did not have spreads or commissions to pay, i reckon a similar number would still fail. The spreads & commissions & any other costs, just make the level of sufffering a bit more intense, but in the long term, probably shorterns the length of time spent suffering.
What i have learnt is that the markets will punish you for the smallest of half-mistakes/oversights on your behalf. Unluckuy breaks tend to out number lucky breaks by at least 10 to 1.
You really do not to be on top of your game & be extremely precise, at all times to stand any chance of success.