'Nine out of ten clients lost money...retail investors learn little over time'

as the article said, they are the 'client' , would be different if they write about the 'traders'. many brokers doesnt like them, trade with small balance and comes with nice % profit at the next week, and made some withdrawal. as the client.. open new account, and struggle to keep account open even at loss condition.
 
Hope versus reality

And here's the French regulator's statement for those who prefer their info un-journo'd:

http://www.amf-france.org/Actualite...cesStore/96c52a14-3900-464f-8fff-7d4700ff37e3

This caught my eye

In addition to the great majority of losing clients and the losses suffered, the study shed light on a behavioural phenomenon: individual investors learn little over time. INDEED, it appears that the most active and regular investors see their losses mount over time.;)
 
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